TIDMKEN
RNS Number : 4593O
Kendrick Resources PLC
31 January 2023
31 January 2023
Kendrick Resources Plc
("Kendrick" or the "Company")
Commencement of Espedalen Drill Programme
and appointment of Director
Kendrick Resources Plc (LSE: KEN), the mineral exploration and
development company with nickel, vanadium and copper projects in
Norway, Sweden and Finland is pleased to inform shareholders
of;
-- the commencement of a maiden diamond drill programme at the
Espedalen nickel project in central southern Norway and
-- the appointment of Martyn Churchouse as Managing Director of
the Company with immediate effect and the addition to the Company's
exploration team of Vassilios Carellas as Operations Director and
Edine Bakker as Exploration Manager.
Highlights
-- Drilling of 17 drill holes for approximately 1,700m four
holes completed with visible sulphite mineralisation observed on
three of the holes.
-- Drilling will focus on the Stormyra ore body that currently
contains a JORC (2012) Inferred Mineral Resource of 1.16Mt @ 1% Ni,
0.42% Cu and 0.04% Co
-- A public meeting was held with the Local Community in January
to brief them on the Company's upcoming exploratory activities
-- Completion of the recently commissioned geophysical review
for the Espedalen project area identified a potential southerly
extension to the Stormyra ore body that is to be followed up with a
confirmatory ground-based electromagnetic survey
-- Martyn Churchhouse is a Geologist and consultant with over 40
years of experience working in the mining industry and will lead
the Company's exploration activities in Scandinavia
Colin Bird, Executive Chairman of Kendrick Resources Plc,
commented:
"We are very pleased to announce the commencement of drilling in
Norway and to welcome Martyn Churchouse as a director of the
company and Vassilios and Edine to our exploration team and the
three of them will be working on all aspects of the Company's
exploration program, including designing, permitting, and
coordinating of all key activities required to advance the
Company's portfolio of early-stage and advanced exploration
projects.
Scheduling of exploration in Norway is predicated by the need to
comply with local legislation aimed at minimising any impact on the
environment. For this reason drilling at Espedalen is largely
confined to mid-winter when frozen ground improves access for plant
and equipment and avoids potential damage to soil cover and
vegetation.
A review of historic geophysical data by an external consultant
highlighted that a historic helicopter EM survey showed an increase
in bedrock conductivities to the southeast of Stormyra that are to
be followed up with a ground based EM survey to firm up on its
extents.
A public meeting was held at the Heimly Assembly Hall in Svatsum
on the 11 January 2023. The meeting, which was also live-streamed,
was well attended providing information about the Company and its
upcoming exploratory activities to a large number of people, both
locally and nationally."
Appointment of Martyn Churchouse:
Martyn Churchhouse is a Geologist and consultant with over 40
years experience working in the mining industry. He graduated from
the University of London with a BSc in Geology and also has a MSc
in Mining & Exploration from the Camborne School of Mines.
Martyn has had experience as a board director and founder of many
AIM listed mining and resource companies. Since the beginning of
2022 Martyn has been a consultant to an exploration company with
oversight of exploration and mine development programmes covering
multiple targets and resources on the African sub-continent.
The following information is disclosed about Mr. Martyn
Churchouse :
Current Directorships / Partnerships Previous Directorships / Partnerships
held in the past 5 years
New Cyprus Copper P.A. Ltd; Caerus Mineral Resources PLC
Cypriot company
Bybrook Community Concierge
Ltd
Ford Flyfishers Limited
M Churchouse Consultancy Limited
Exploration Team
Vassilios Carellas has been appointed as operation director and
is a natural resources professional with over twenty-five years of
corporate and operations experience in the mining and exploration
industry. Corporate experience includes the executive management
and financing of publicly listed exploration and development
companies, while operating experience gained in the general
management of producing mines, mining operations and exploration
activities.
Vassilios is currently the COO for AIM listed Arc Minerals Ltd
which is actively exploring for copper and cobalt in Zambia and
Botswana as well as on the board of an Ivory Coast focused lithium
exploration company Firering Strategic Minerals.
Edine Bakker is a geologist with a decade 's experience in
mineral exploration, covering multiple commodities across the
European continent, as well as extensive experience in both
greenfield and near-mine exploration programmes. Edine holds a
Bachelor of Science degree in Geology from Vrije Universiteit
Amsterdam, as well as a Master of Science (MSc) degree in Economic
Geology from Eidgenössische Technische Hochschule Zürich.
Edine commenced her professional career in exploration in
central and south-eastern Europe, before moving to Sweden. She has
worked in all the prolific mining districts in Sweden, having held
geologist positions with Boliden and Mandalay Resources. Most
recently she held the position of exploration manager for Gold Line
Resources managing a portfolio of assets in Fennoscandia.
In addition to her hands-on field experience, Edine has done
project management for several multi million-dollar international
applied research projects developing innovative exploration and
mining technology . Edine has also held the reputable position of
Geologist for the Economic Geology Unit, for the Mineral Resources
department at the Geological Survey of Sweden. She has working
proficiency in the English, Swedish, Dutch, and German
languages.
Further information on the Company's projects can be found on
the Company's website at: https://www.kendrickresources.com/
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
-ENDS-
For additional information please contact:
Kendrick Resources Plc: Tel: +44 203 961 6086
Chairman Colin Bird
Novum Securities Tel: +44 7399 9400
Financial Adviser David Coffman / George Duxberry
Joint Broker Jon Bellis
Shard Capital Partners LLP Tel: +44 207 186 9952
Joint Broker Damon Heath / Isabella Pierre
Qualified Person:
The technical information contained in this announcement has
been reviewed, verified, and approved by Colin Bird, CC.ENG, FIMMM,
South African and UK Certified Mine Manager and Director of African
Pioneer plc, with more than 40 years' experience mainly in hard
rock mining.
About Kendrick Resources Plc
Kendrick Resources Plc is a mineral exploration and development
company with projects primarily based across Scandinavia. The
principal of its business is to explore the opportunities within
the natural resources sector with a focus on battery, base, and
precious metals including but not limited to nickel, vanadium and
copper. In doing so, the Company is looking to build a long-term
energy metals business in Scandinavia which delivers energy metals
to Europe to help enable its renewable energy transformation by
building a top tier energy metals production business.
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END
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