Katoro Gold PLC Update re Blyvoor JV - Appointment of JV Manager (5105C)
February 10 2020 - 6:30AM
UK Regulatory
TIDMKAT
RNS Number : 5105C
Katoro Gold PLC
10 February 2020
Katoro Gold plc (Incorporated in England and Wales)
(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
10 February 2020
Katoro Gold plc ('Katoro' or the 'Company')
UPDATE RE BLYVOOR JV - APPOINTMENT OF JV MANAGER
Katoro Gold plc (AIM: KAT), the gold and nickel exploration and
development focused company, is pleased to announce the JV Partners
are making good progress in respect of advancing the Project and
are pleased to announce the appointment of Graham Briggs as the
manager of the JV.
As announced on 30 January 2020, Katoro has entered into an
Agreement with Blyvoor and Target to form the JV to exploit
potentially viable deposits of gold and any other minerals from six
gold tailings dams owned by Blyvoor in South Africa. Further
details on the Agreement, the JV and the Tailings are set out in
the Announcement, which can be viewed at the following link:
https://polaris.brighterir.com/public/katoro_gold/news/rns/story/x43nzkw
HIGHLIGHTS
-- The JV Partners have now formed a JV management committee to
provide managerial oversight for the Project and both Blyvoor and
Katoro have appointed two representatives;
-- The JV management committee have appointed Graham Briggs,
former CEO of Harmony Gold Mining Company Limited, as Manager of
the JV;
-- Mr Briggs will be responsible for control, management and
supervision of all technical, operational and other activities
relating to the Project; and
-- The JV management committee has already met and is seeking to advance the Project.
Biography JV Manager - Graham Briggs
Graham Briggs, has a long and distinguished career in the South
African mining industry and brings extensive operational experience
to the Project. Having commenced his career in the early 1970s as a
geologist, he initially worked for several gold mining companies in
the Gencor Group.
He subsequently joined Harmony Gold Mining Company Limited in
1995 as a New Business Manager, before being appointed as its Chief
Executive Officer in 2008, serving in the role until his retirement
in 2015.
As a result, Graham has extensive operational and managerial
experience from his involvement with several South African gold
mines and extensive international experience, working as CEO of
Harmony operations in Canada, Australia and Papua New Guinea.
Graham was also vice president of the Chamber of Mines of South
Africa for two years until 2016.
Louis Coetzee, Executive Chairman of Katoro, said: "The
formation of the JV management committee is an important step in
the development of the Project and we are delighted to have
achieved this so quickly.
"We are also delighted to have Graham Briggs on board as the JV
Manager. He brings a wealth of experience and knowledge to the
Project, having near 50 years' of experience in the mining sector,
demonstrating the significant nature of the Project and the
important need for an experienced hand at the controls.
"We are now moving forward multiple work streams to advance the
Project and look forward to keeping shareholders updated on our
progress."
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meaning as those used in the
announcement of 30 January 2020.
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Richard Tulloch +44 (0) 20 7409 Strand Hanson Limited Nominated Adviser
Ritchie Balmer 3494
Georgia Langoulant
Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker
Sam Lomanto 500
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
Beth Melluish 1177 Ltd Relations Adviser
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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