TIDMGCAT
RNS Number : 2058B
Caracal Gold PLC
10 February 2022
Caracal Gold plc / EPIC: GCAT / Market: Main / Sector:
Mining
10 February 2022
Caracal Gold plc ('Caracal' or the 'Company')
Board Strengthened with Key Director Appointment
Caracal Gold plc, the gold producer with operations in East
Africa, is pleased to announce a major new addition to the
Company's Board of Directors, with the appointment of Ms Rachel
Johnston as a Non-Executive Director, effective 1 March 2022.
Ms Johnston brings to the Board a wealth of experience, having
worked in various roles across Africa's mining sector over a
ten-year period. She is currently working as an independent
consultant on sustainability across the continent - advising mining
companies on stakeholder engagement, sustainability reporting,
supervising Environmental and Social Impact Assessments (ESIA) and
the implementation of Environmental, Social, and Governance (ESG)
programs and initiatives.
Previous roles held include Group CSR Manager at tier-one gold
producer Endeavour Mining, where she was responsible for managing
its West African assets and CSR Consultant at TSX-listed True Gold
Mining. In addition, Ms Johnston was also CEO of auger drilling
business, Sahara Geoservices, based in Burkina Faso. Through these
roles, she garnered significant practical experience of the social,
administrative, management, governmental and labour relations
issues that arise in the development and day-to-day operation of
mining projects in Africa.
Before joining the mining sector, Ms Johnston also managed
community humanitarian and development projects in Central and West
Africa. She holds a Masters' Degree in International Development
Management and a National Higher Diploma in Mining Engineering.
Her strong focus on social, environmental, health and safety
management and community engagement are perfectly aligned to the
corporate ethos and operating practices of the Company. The Board
of Directors believe that Ms Johnston will add significant value to
the Board of Directors and further strengthen our broad ESG and
ESIA activities in East Africa.
In addition, and as part of the restructure of the Company's
Board of Directors, non-Executive Directors Charles Tatnall and
James Longley have submitted their resignations to the board,
effective from 5 February 2022. Both Charles Tatnall and James
Longley have contemporaneously exercised their 10,000,000 founder
warrants and their 5,000,000 (2006) warrants, respectively, and
agreed that the shares issued by way of the exercise shall be
locked-up for a period of 12 months.
Chief executive of Caracal Gold Plc, Robbie McCrae, said :
"We are delighted to welcome Rachel to our Board of Directors.
Her wealth of experience across Africa speaks for itself and her
skills in environmental and social governance will be well
utilised, as we push ahead with our development plan at Kilimapesa
Gold Operations, in a bid to lift gold production to 24,000ozpa and
double our JORC-approved resources to over 1.5Mozs here in
Kenya.
"Rachel's experience in working with major mining companies in
Africa on their ESG initiatives will be of significant value to us,
at both our existing operations in Kenya, our new developments in
Tanzania and more broadly in East Africa.
"We believe one of our core strengths is that we are a
responsible mining and exploration company, which contributes to
positive social and economic change in the communities that we
operate in.
"As part of the restructuring of the Board, I wish to take this
opportunity to thank both Charles and James for their major
contribution through the listing process last year, and I wish them
well in their future endeavours."
Current Directorships / Partnerships: Previous Directorships / Partnerships
held in the past 5 years:
Nil Tiger Resources Limited (ASX)
---------------------------------------
**ENDS**
For further information visit www.caracalgold.com or contact the
following:
Caracal Gold plc info@caracalgold.com
Gerard Kisbey-Green
Jason Brewer
VSA Capital Ltd
Financial Adviser and Joint
Broker
Andrew Raca / James Deathe/
Pascal Wiese +44 (0)20 3005 5000
----------------------------
St Brides Partners Ltd info@stbridespartners.co.uk
Financial PR
Oonagh Reidy / Charlotte Heap
/ Isabelle Morris
----------------------------
DGWA, the German Institute for info@dgwa.org
Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Stefan Müller / Katharina
Löckinger
----------------------------
Notes
Caracal Gold plc is an emerging East African focused gold
producer with a clear path to grow production and resources both
organically and through strategic acquisitions. Its aim is to
rapidly increase production to +50,000ozs p.a. and build a JORC
compliant resource base of +3Moz within 12-18 months from its
listing in August 2021. To this end, it is progressing a
well-defined mine optimisation strategy at its 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term
expansion potential and ability to increase gold production to
25,000oz p.a. and the resource to +2Moz (current JORC compliant
resources of approx. 671,000oz). Additionally, its experienced
team, with proven track record in successfully developing and
operating mining projects throughout Africa, is reviewing other
complementary and strategically located gold mine and development
projects in East Africa.
Caracal is a responsible mining and exploration company and
supports the positive social and economic change that it
contributes to the communities in the regions that it operates. It
is a proudly East African-focused company: it buys locally, employs
locally, and protects the environment and its employees and their
families' health, safety, and wellbeing. Caracal's shares are
quoted on the Main Market of the London Stock Exchange (LON: GCAT)
and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the
Nairobi Securities Exchange is underway.
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