Caracal Gold PLC Board Change (7307M)
January 13 2023 - 11:30AM
UK Regulatory
TIDMGCAT
RNS Number : 7307M
Caracal Gold PLC
13 January 2023
Caracal Gold plc / EPIC: GCAT / Market: Main / Sector:
Mining
13 January 2023
Caracal Gold plc ('Caracal' or the 'Company')
Board Change
Caracal Gold plc, the expanding East African gold producer with
over 1,300,000oz JORC-compliant gold resources, announces that Mr
Simon Games Thomas has stepped down from his position as
Non-Executive Chairman, effective immediately. A replacement
Chairman will be appointed in due course, with Caracal in advanced
discussions with a potential candidate.
A combined Q3 and Q4 operational update will be provided as an
H1 update in conjunction with the upcoming Annual General Meeting
to be held at 10:00am on Monday 23 January 2023 at VSA Capital
Limited, Park House, 16-18 Finsbury Circus, London, EC2M 7EB.
**ENDS**
For further information visit www.caracalgold.com or contact the
following:
Caracal Gold plc info@caracalgold.com
Robbie McCrae
Clear Capital Markets Ltd
Joint Broker +44 203 897 0981
Keith Swann / Jonathan Critchley +44 203 869 6086
-------------------------------
VSA Capital Ltd
Financial Adviser and Joint
Broker
Andrew Raca (Corporate Finance)
Andrew Monk / David Scriven
(Corporate Broking) +44 203 005 5000
-------------------------------
St Brides Partners Ltd caracal@stbridespartners.co.uk
Financial PR
Charlotte Page / Isabel de Salis
/ Isabelle Morris
-------------------------------
DGWA, the German Institute info@dgwa.org
for Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Katharina Löckinger
-------------------------------
Notes
Caracal Gold plc is an expanding 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 18 months from its listing
in August 2021. We are progressing a well-defined mine optimisation
strategy at our 100% owned Kilimapesa Gold Mine in Kenya, where
there is significant mid-term expansion potential and ability to
increase gold production to 24,000oz p.a. and the resource to +2Moz
(current JORC compliant resources of approx. 706,000oz). Our
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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END
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