Caracal Gold PLC Appointment of Group Mineral Resource Manager (6763D)
March 04 2022 - 3:10AM
UK Regulatory
TIDMGCAT
RNS Number : 6763D
Caracal Gold PLC
04 March 2022
Caracal Gold plc / EPIC: GCAT / Market: Main / Sector:
Mining
4 March 2022
Caracal Gold plc ('Caracal' or the 'Company')
Appointment of Group Mineral Resource Manager
Caracal Gold plc, the gold producer with operations in East
Africa, is pleased to announce the appointment of Mr Franck
Bizouerne as Group Mineral Resource Manager, effective from 1 April
2022.
As a senior geologist with over 22 years' experience and an
expert in greenfield exploration, in particular gold but also
lithium and base metals across the African continent, Mr Bizouerne
brings a huge wealth of experience to the Company. He has worked
for an impressive array of junior and tier-one miners, including
his most recent role as Exploration Manager and Principal Geologist
at Rio Tinto's CBG (Aluminium) Mine. Prior to this, he was
Exploration Manager and Senior Chief Geologist for Etruscan
Resources Burkina Faso - now tier-one gold company Endeavour Mining
- where he was responsible for developing the Youga Gold Mine in
Burkina Faso. Mr Bizouerne has also worked at Mali Lithium - now
known as Firefinch - the ASX-listed gold miner and lithium
developer, and TSX-listed explorer Namibia Critical Metals.
His experience extends from grassroots discovery to advanced
project/deposit developments and mine mineral resources/reserves
management, including land acquisition and legal administration. A
native French speaker, he is also fluent in English, Spanish and
Malagasy.
In his role, Mr Bizouerne will oversee exploration activities at
the Company's Kilimapesa Gold Mining and Processing Operations in
Kenya, where exploration activities are progressing with two drill
rigs on site as part of its targeted drilling programme to increase
JORC resources to +1.5Mozs. An updated Resource Statement is
scheduled for completion later this year.
As at 28 February 2022, 27RC holes have been drilled for total
metres of 2,494m and drilling was ongoing on the 3(rd) diamond
drill hole with a total of 599.35m completed. The latest round of
assay results are due later in this current quarter.
In addition, Mr Bizouerne will manage Company's exploration
activities in Tanzania following the recent acquisition of two gold
projects in Lake Victoria Gold Fields - the advanced Nyakafuru Gold
Project and the Simba Gold Project, respectively.
Chief executive of Caracal Gold Plc, Robbie McCrae, said :
"Franck's appointment as Head of Exploration comes at a crucial
time for Caracal, as we ramp up exploration at our flagship gold
mine at Kilimapesa, where we are investing significantly on our
exploration activities, aimed at boosting JORC resources to over
1.5Mozs this year.
"He will play a key role in implementing the final phase of our
initial three-phase operational plan at Kilimapesa and boosting
gold production to 24ktpa by the end of the year.
"We welcome Franck and his in-depth knowledge of Africa to the
team and look forward to reporting on our progress as we bring
Kilimapesa to the next phase of its exciting growth
trajectory."
**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 +44 203 005 5000
----------------------------
Clear Capital Markets Limited
Joint Broker +44 203 897 0981 / +44
Keith Swann / Jon Critchley 203 869 6086
----------------------------
St Brides Partners Ltd info@stbridespartners.co.uk
Financial PR
Oonagh Reidy / Charlotte Page / Isabelle
Morris
----------------------------
DGWA, the German Institute for Asset info@dgwa.org
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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