TIDMCGNR

Conroy Gold & Natural Resources PLC

08 August 2018

8 August 2018

Conroy Gold and Natural Resources plc

("Conroy Gold" or "the Company")

BROKER RESEARCH REPORT NOW ON WEBSITE

Highlights:

-- NPV (10) US$81.6 million; IRR 43.9%.

-- Market capitalisation based on minimum expected resource peer group comparison cGBP20 million.

-- Clay Lake - Clontibret area located near excellent infrastructure.

-- Conroy Gold offers short and long term upside.

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and mine development company focused on Ireland, is pleased to announce that the research report recently issued by Brandon Hill Capital Limited is now available on the Company website and on the Brandon Hill Capital website.

The link to the Conroy Gold Initiation Report on the Brandon Hill Capital website.

https://www.brandonhillcapital.com/media/77490/conroy_gold-initiation_report.2018.final.pdf

Professor Richard Conroy, Chairman commented:

"The research report confirms the potential that we have always believed the 65km trend along the Orlock Bridge Fault offers and as the report points out, the gold potential of Ireland is now on the radar of the market. We look forward to growing the half million ounces of gold we have already discovered at Clontibret to a much larger resource, to mining development in an area with excellent infrastructure and to giving long-term employment to the highly skilled workforce in the area."

For further information please contact:

 
Conroy Gold and Natural Resources plc  Tel: +353-1-479-6180 
Professor Richard Conroy, Chairman 
Allenby Capital Limited (Nomad)        Tel: +44-20-3328-5656 
Virginia Bull/Nick Harriss 
Brandon Hill Capital Limited (Broker)  Tel: +44-20-3463-5000 
Jonathan Evans 
Lothbury Financial Services            Tel: +44-20-3290-0707 
Michael Padley 
Hall Communications                    Tel: +353-1-660-9377 
Don Hall

Visit the website at: www.conroygold.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRABIGDIIGGBGIR

(END) Dow Jones Newswires

August 08, 2018 02:01 ET (06:01 GMT)

Conroy Gold & Natural Re... (LSE:CGNR)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Conroy Gold & Natural Re... Charts.
Conroy Gold & Natural Re... (LSE:CGNR)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Conroy Gold & Natural Re... Charts.