Scotgold Resources Ltd Board Appointment (6083C)
14 Juni 2023 - 8:00AM
UK Regulatory
TIDMSGZ
RNS Number : 6083C
Scotgold Resources Ltd
14 June 2023
14 June 2023
Scotgold Resources Limited
("Scotgold" or the "Company")
Board Appointment
Scotgold Resources Limited (AIM: SGZ), Scotland's first
commercial gold producer, announces that Maurice Mason has been
appointed as a Non-executive Director with immediate effect.
Mr Mason has over 20 years' experience within the mining
industry. He has previously held roles in Anglo American, where he
was responsible for supply chain optimisation and procurement
project delivery across the group's commodity profile. He is
currently the Vice President of Corporate Development at Caledonia
Mining Corporation Plc, a gold producer whose primary asset is in
the Blanket Mine in Zimbabwe. Before joining Caledonia, Maurice was
a securities analyst focussing on the mining sector.
Commenting on the appointment, Peter Hetherington, Non-executive
Chairman said:
"I am delighted to welcome Maurice to Scotgold as a
Non-executive Director. Maurice's expertise in the mining industry
will be valuable to continuing to drive the ongoing development and
production from our Cononish gold mine and the wider area. The
Board looks forward to working with Maurice."
Please refer to Annex 1 for all further disclosure relating to
Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
**ENDS**
Scotgold Resources Limited Via Celicourt Communications
Peter Hetherington, Non-executive Chairman
Sean Duffy, Interim CEO and CFO
Shore Capital (Nomad and Broker) Tel +44 (0) 20 7408
Toby Gibbs / John More / Tom Knibbs 4090
Celicourt Communications (Financial Tel +44 (0) 774 8843
PR) 871
Felicity Winkles / Ariana Fanning
ANNEX 1
Regulatory Disclosures (in accordance with Rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies)
Save for the information set out above and below, there are no
further disclosures to be made in accordance with Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
respect of the appointment of Maurice John Mason, aged 49. Mr.
Mason holds 6,898,808 ordinary shares in the Company. 3,444,404
ordinary shares are held by his wife, Mrs. Nicole Mason and 10,000
ordinary shares are held by his dependent child.
Maurice Mason, is, or has been in the previous five years, a
director of the following companies:
Current directorships Previous directorships
Greenstone Management Services None
Holdings Limited
Kassandra Investments Limited
-----------------------
Notes
Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial
gold producer. The Company poured first gold in November 2020 at
its Cononish Gold and Silver Mine ('Cononish) in Tyndrum, Scotland
and is developing it into a planned +23,500-ounce gold mine per
annum. Cononish is a high-grade underground mining operation with a
central processing plant producing gold concentrate for off-take
and gold doré for the Scottish Jewellery industry. The mine has
anticipated forecast operating costs of c.GBP610 per ounce Q4 2023,
which will place Cononish in the lowest quartile of gold mining
operations globally.
It is Scotgold's vision to build a mid-tier gold mining company
in Scotland with multiple operations in the country that enhance
the local environment and economy in ways that have an enduring
positive impact.
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END
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