Chaarat Gold Holdings Ltd Appointments to the Board (2435W)
November 13 2017 - 1:00AM
UK Regulatory
TIDMCGH
RNS Number : 2435W
Chaarat Gold Holdings Ltd
13 November 2017
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Appointments to the Board
Road Town, Tortola, British Virgin Islands (13(th) November
2017)
Chaarat (AIM: CGH), the AIM quoted company developing the
Chaarat Gold Deposit in the Kyrgyz Republic, announces the
appointment with immediate effect of two non-executive directors to
the Board of Chaarat.
Non-Executive Director Appointments
Gordon Wylie and Dorian Nicol both bring more than 40 years
mining experience and knowledge to the Board and will assist the
management team, led by CEO Robert Benbow, in the development of
the Chaarat Gold Project, initially via the first stage Tulkubash
Heap Leach Project.
During his seven years as a member of AngloGold Ashanti's senior
management team, Gordon was responsible for their global
exploration programme, part of which included moving into new
prospective, higher risk geographical regions. Gordon has been
non-executive Chairman of Lydian International since its inception
where he has overcome the challenges involved in moving an
exploration company on to becoming a development company with a
clear path towards production. Lydian is constructing a mine at the
Amulsar open pit, heap leach gold project in Armenia. He is also
familiar with Endeavour Financial who are assisting with Chaarat's
financing.
Dorian (known as Dusty) has a broad industry experience at every
stage of the mining process - from exploration to construction and
development and management of mines. He has built
multi-disciplinary teams in a variety of cultures. With his hands
on approach, Dusty will be instrumental in working together with
Bob and the management team in realising the potential of Chaarat's
plans for the Chaarat Deposit, both in terms of the construction
program for the heap leach operation as well as further exploration
of the Tulkubash oxides. His experience with refractory ore will be
invaluable to Chaarat when the oxide resource is in production and
the Company seeks to expand further and develop the very
substantial Kyzyltash refractory ore resource.
Martin Andersson, Chairman, comments: "One of my
responsibilities as Chairman is to ensure the highest standards of
corporate governance and an effective and value-creating Board
process. My priority, at this important time for the Company, has
been to add independent non-executive directors with significant
mining experience and track record to the Board.
We are fortunate to have secured two such distinguished industry
veterans for our team and I am delighted to welcome them to our
Board. They will help Bob and his team maintain and increase the
momentum we have established towards production."
Enquiries:
Chaarat Gold Holdings
Limited + 44 (0) 20 7499 2612
c/o Central Asia Services info@chaarat.com
Limited
Martin Andersson (Chairman)
Linda Naylor (Finance
Director)
Numis Securities Limited
John Prior, Paul Gillam
(NOMAD)
James Black (Broker) +44 (0) 20 7260 1000
About Chaarat Gold
Chaarat Gold is an exploration and development company operating
in the Kyrgyz Republic with a large, high grade resource - the
Chaarat Gold Project. The Company's key objective is to become a
low-cost gold producer.
Chaarat aims to create value for its shareholders, employees and
communities in the Kyrgyz Republic by building relationships based
on trust and operating to the best environmental, social and
employment standards.
Further information is available at www.chaarat.com
Further information relating to the Director appointments
Gordon Wylie
Gordon Ferguson Wylie (aged 65) has confirmed that other than
the information disclosed below there are no matters to be
disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM
Rules.
Current directorships:
Lydian International Limited
Avocet Mining Plc
Previous directorships held in the last 5 years:
None
Shareholding in the Company:
None
Dusty Nicol
Dorian ("Dusty") Loney Nicol (aged 61) has confirmed that other
than the information disclosed below there are no matters to be
disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM
Rules.
Current directorships:
Azarga Metals Corp (previously known as European Uranium
Resources Limited)
Previous directorships held in the last 5 years:
Metallum Exploration Ltd
Ludovika Mining SRO
Shareholding in the Company:
None
This information is provided by RNS
The company news service from the London Stock Exchange
END
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