Katoro Gold PLC Board Appointment (6428Z)
December 18 2017 - 5:25AM
UK Regulatory
TIDMKAT
RNS Number : 6428Z
Katoro Gold PLC
18 December 2017
Katoro Gold plc (Incorporated in England and Wales)
(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 18 December 2017
Katoro Gold Plc ('Katoro' or the 'Company')
Board Appointment
Katoro Gold Plc (AIM:KAT), the Tanzania focused gold exploration
and development company, is pleased to announce the appointment of
Mr Louis Scheepers as Non-Executive Director with immediate effect.
He brings a deep understanding of the mining sector and of the
Southern and East African region.
Mr Scheepers began his career in the South African public
service, before transitioning into a career in mining and
exploration. An experienced project manager, Mr Scheepers has more
than fifteen years' experience of practical project execution in
the mining industry, including mineral exploration, feasibility
studies, and greenfields mining projects. Mr Scheepers held several
notable Board and management roles and is presently CEO of Mzuri
Exploration Services Ltd ("MXS"), the 100% Tanzanian subsidiary of
Kibo Mining Plc ("Kibo") and COO of Kibo which owns 57% of
Katoro.
Katoro Executive Chairman Louis Coetzee said, "I am delighted to
welcome Louis to the Board of Katoro. Having worked with Louis
previously, I am confident that his specialised operational
experience of gold, and the Eastern and Southern African region
will be greatly beneficial as we continue to develop Katoro's gold
projects in Tanzania. This is a pivotal time for the Company as we
continue to progress our work programme at a rapid pace and I look
forward to working with Louis."
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for Companies
in relation to the appointment Mr Louis Scheepers.
Mr Louis Scheepers, aged 59, has held directorships or
partnerships in the past 5 years.
Current Directorships Past Directorships
------------------------------ --------------------------
Reef Miners Ltd Harlequin Duck Properties
115 (Pty) Ltd
------------------------------ --------------------------
Mzuri Exploration Services
Ltd
------------------------------ --------------------------
Eagle Exploration Ltd
------------------------------ --------------------------
Savannah Mining Ltd
------------------------------ --------------------------
Pinewood resources Ltd
------------------------------ --------------------------
Protocol Mining & Exploration
Ltd
------------------------------ --------------------------
Jubilee Resources Ltd
------------------------------ --------------------------
Mbeya Power td
------------------------------ --------------------------
Mbeya Coal Ltd
------------------------------ --------------------------
Kibo Exploration (Tanzania)
Ltd
------------------------------ --------------------------
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee Katoro Gold Executive Chairman
plc
Jon Belliss +44 (0) 207 Beaufort Broker
382 8300 Securities
Limited
Richard Tulloch/ +44 (0) 20
Ritchie Balmer/ 7409 3494 Strand Hanson Nominated Adviser
Frederick Limited
Twist
Isabel de +44 (0) 207 St Brides Investor and
Salis / Priit 236 1177 Partners Media Relations
Piip Ltd Adviser
Notes to editors:
In May 2017 Katoro was admitted to trading on AIM. Katoro owns
100% of the Imweru and Lubando Gold Projects in Tanzania, which
both have Mineral Resources established in accordance with the JORC
(2012) Code. The total Mineral Resources stated for Imweru consist
of 11.607 Mt at grade of 1.38 g/t for a Mineral Resource of 515,110
oz Au at a resource pay limit of 0.4 g/t for the open pittable
material and 1.3 g/t for the underground material, while the
Lubando Mineral Resources equate to 6.78 Mt at grade of 1.10 g/t
for 239,870 oz Au at a pay limit of 0.4 g/t to a depth of 200 m and
1.3 g/t below the 200 m depth cut-off. The respective projects also
include the earlier stage Sheba (within the Imweru Licence
Portfolio and Imweru Option Portfolio), Pamba and Busolwa (both
within the Lubando Licence Portfolio and Lubando Option Portfolio)
projects. The JORC Code compliant Competent Person's Report for
each of Imweru and Lubando are available on Katoro's website
www.katorogold.com.
The Company's primary focus is on advancing and developing
Imweru through a work programme which will include, inter alia, a
feasibility study and a drilling programme, with the aim, subject
to funding, to commence production with an initial target of 50,000
oz gold per annum within 18-24 months from admission to AIM.
Updates on the Katoro's activities will be announced as required
and posted on its website www.katorogold.com.
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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