Alecto Minerals PLC Board Change (7557R)
July 01 2015 - 2:01AM
UK Regulatory
TIDMALO
RNS Number : 7557R
Alecto Minerals PLC
01 July 2015
Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector:
Exploration & Development
1 July 2015
Alecto Minerals plc ('Alecto' or the 'Company')
Board Change
The Board of Alecto Minerals plc (AIM: ALO), the AIM quoted
mineral exploration company focussed on West and East Africa,
regrets to announce the resignation of Mark Wellesley-Wood,
Non-Executive Chairman, with immediate effect. Mark is leaving the
Board in order to focus on new work commitments following his
recent reappointment to the board of Mwana Africa Plc. The Board
wishes to thank Mark sincerely for his invaluable assistance during
the past nine months and to wish him luck in his new role.
Following this change, the Board will consist of three Directors
being Toby Howell, who will assume the role as Non-Executive
Chairman, Mark Jones as Chief Executive Officer and Dominic Doherty
as Operations Director.
Alecto's CEO, Mark Jones, commented:
"I would like to thank Mark Wellesley-Wood for the generous time
and effort that he has given Alecto, whilst the Company has pursued
its stated goal of moving from an explorer up the value curve and
we wish him the best of luck in the next chapter of his career.
"Following the recent placing the Company is well positioned for
the remainder of 2015 and well into 2016, as we aim to advance
current discussions that will see a consolidated approach for the
development of our early-stage exploration opportunities, together
with actively evaluating opportunities which we believe could
potentially bring us closer to achieving our overall objective of
generating revenues through production. We look forward to updating
the market when appropriate."
**ENDS**
For further information, please visit www.alectominerals.com or
contact:
Alecto Minerals plc Tel: +44 (0)20 3137 8862
Mark Jones
Strand Hanson Limited Tel: +44 (0)20 7409 3494
Richard Tulloch
Matthew Chandler
James Dance
Beaufort Securities Limited Tel: +44 (0)20 7382 8300
Jon Belliss
St Brides Partners Ltd Tel: +44 (0)20 7236 1177
Elisabeth Cowell
Felicity Winkles
Notes to editors:
Alecto Minerals plc is an African focussed, gold and base metal
exploration and development company quoted on AIM with exploration
projects in Mali, Ethiopia and Burkina Faso.
In Mali, the Kossanto Project has a current independent inferred
JORC code compliant resource estimate of 6.72Mt grading at 1.14g/t
Au for an aggregate of 247,000 oz Au with a cut-off grade of 0.5g/t
Au at Kossanto East. The Kossanto Project is located in the centre
of the Kenieba inlier in western Mali. The Kenieba inlier is a
block of ancient greenstones and granites hosting many significant
gold deposits in Senegal and Mali, making it one of the most
important gold regions in Africa.
The Kerboulé Project, located in the highly prospective
Birrimian-age Djibo gold belt in northern Burkina Faso, is the near
term focus of the Company to provide the basis for commencing a
preliminary economic assessment. Alecto also holds two prospective
gold exploration licences in Ethiopia.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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