15 August 2024
Ormonde Mining plc
("Ormonde" or the
"Company")
Appointment of Non-Executive Director
Ormonde Mining plc
(AQSE: ORM), a natural resources company with investment
exposure to exploration assets including gold and copper in
Newfoundland and battery metals in Scotland, announces the
appointment of Steve Nicol as Non-Executive Director ("NED") with
immediate effect.
Mr Nicol is an experienced mining executive
with over 35 years' experience in the mining industry, including in
operations management, mine evaluation and development and other
corporate roles for both listed and private mining companies. He
previously spent 13 years as Managing Director and Project Manager
of the Spanish-based company that commercialised the
Barruecopardo Tungsten mine in Western Spain, in
which Ormonde held a 30% stake which was sold for €6 million in
2020.
As Ormonde's Technical Advisor, Mr Nicol has
been centrally involved in identifying TRU Precious Metals Corp.
(TSXV: TRU, OTCQB: TRUIF) ("TRU") and Peak Nickel Ltd ("PNL") as
investment opportunities for Ormonde. On 8 August 2024, it was
announced that Mr Nicol had been appointed as Chief Executive
Officer of TRU (which is 36.2%-owned and controlled by Ormonde)
with responsibility for overseeing the multi-year, partner-funded
gold and copper focused exploration programme at the Golden Rose
Project in Newfoundland pursuant to the earn-in agreement with
Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO) ("Eldorado")
announced by TRU on 30 July 2024.
Brian Timmons,
Executive Chair of Ormonde, commented:
"On behalf of
the Board, I would like to welcome Steve as a Non-Executive
Director. Steve has worked with Ormonde for many years in a
technical capacity - both with our legacy assets and our present
core assets. Alongside our Geological Consultant, Professor Garth
Earls, Steve is playing an active role in developing Ormonde's
portfolio and was recently appointed as CEO of TRU following a
potentially transformative earn-in transaction with Eldorado. As a
representative of Ormonde on the Boards of both TRU and PNL, it
makes great sense to also benefit from Steve's expertise in a
directorate capacity at Ormonde."
Save as set out below, no further
information regarding Stephen John Nicol is required to be
disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access
Rulebook.
Mr Nicol (aged 60) has held the
following directorships within the past five years:
|
Current directorships
|
Directorships in the past 5 years
|
|
Saloro SLU
Simprenta SL
Ormonde España SLU
Orillum SLU
Ormonde Mineria Iberica
SLU
Valomet SLU
Peak Nickel Ltd
TRU Precious Metals
Tungsten Mining JV
|
|
Mr Nicol does not hold any
ordinary shares, options or warrants over ordinary shares in the
Company.
Enquiries:
|
Ormonde Mining
plc
|
|
|
Brian Timmons, Chairman
|
Tel: +353 (0)1 801
4184
|
|
Vigo
Consulting (Investor Relations)
|
|
|
Ben Simons / Fiona
Hetherington
|
Tel: +44 (0)20 7390
0230
|
|
Peterhouse
Capital (Aquis Corporate
Adviser)
|
|
|
|
Tel: +44 (0)20 7469
0930
|
About Ormonde Mining
Ormonde is a natural resource company which
provides its shareholders with exposure to quality and diverse
assets across a range of strategic minerals. Ormonde's portfolio
includes an initial 36.2% interest in TRU Precious Metals (TSXV:
TRU), which is exploring for gold and copper in the highly
prospective Central Newfoundland Gold Belt in Canada, and a
minority interest in Peak Nickel Limited, which is advancing
exploration on a potentially significant nickel project in Scotland
(Ormonde acquired a 20% interest in Peak Nickel in
2023).
TRU is exploring for gold and copper
in the highly prospective Central Newfoundland Gold Belt on its
100%-owned Golden Rose Project, a regional-scale 264.25
km2 land package including 45 km of strike length
along the deposit-bearing Cape Ray - Valentine Lake Shear Zone,
directly between Calibre Mining's Valentine Gold Project and AuMEGA
Metals' Cape Ray Gold Project. The Golden Rose Project is currently
optioned-out to TSX-listed Eldorado Gold Corporation.
Ormonde's shares are listed on the Aquis Stock
Exchange Growth Market under the symbol AQSE: ORM.
For more information, visit the Company's
website at www.ormondemining.com.
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The Directors of the Company accept
responsibility for the contents of this announcement.