(Alliance News) -Â Chesterfield Resources PLC on Friday said it has appointed two new directors and has started receiving assay results from its diamond drilling programme undertaken late last year.
The copper-gold exploration company said Ajay Kejriwal has been appointed as an executive director and chief financial officer. Kejriwal has over 30 years' experience in finance and commerce, having worked for Morgan Stanley, Cazenove & Co and Nomura, in London and Hong Kong.
Paul Ensor has been appointed as a non-executive director. Chesterfield said he has 30 years' experience in institutional equity markets, having worked for Baring Securities and UBS Group AG in Hong Kong and south east Asia.
Executive Chair Martin French said: "Ajay and Paul are both specialists in growing junior resource companies, and bring considerable transaction and funding expertise to the company to complement our tier one geological technical team."
Chesterfield added that it has started receiving assay results from its diamond drilling programme of late 2020, and is expecting to receive all results by the end of this month.
The company noted that there have been "considerable delays" in the processing of assays due to bottlenecks at the testing laboratories, resulting from the Covid-19 pandemic.
Chesterfield is also in "advanced planning" for its 2021 exploration programme.
"Assay labs in Europe were severely impacted by the Covid-19 lockdown in the spring, which was rapidly followed by an unexpected surge in the mining and exploration activity as the sector took off in the later half of last year. This has caused sample processing to become backed-up throughout the system, with many labs having to divert samples to other labs at a time when air-freight has also been severely restricted. The encouraging results and new data from our 2020 programme will be used to vector an enlarged targeting programme for 2021," said Chair French.
Shares in Chesterfield were down 0.4% at 12.70 pence in London on Friday.
By Lucy Heming;Â lucyheming@alliancenews.com
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Chesterfield R. (CHF)