RE: So5 Feb 2018 21:52
Calgary, Alberta (FSCwire) - BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium company, is pleased to announce that Ms. Eileen Carr has agreed to join the Board as a Non-Executive Director with immediate effect. Ms. Carr is a Chartered Certified Accountant with over 25 years' experience in the resource sector during which she has worked on both energy and mining projects across the world, including projects in China, Russia, Australia, Latin America and Africa.
In addition, the Company announces the appointment of Ms. Janet Boyce as Chief Financial Officer with immediate effect. Ms. Boyce is a certified public accountant who has held a number of senior financial roles, including Group Chief Financial Officer and Executive Director of Gemfields plc, a leading supplier of gemstones. Ms. Boyce replaces Mr. Derek Batorowski, who is stepping down as CFO to pursue other business interests. Mr. Batorowski will continue to serve Bacanora as a Non-Executive Director of the Company.
The appointments of both Ms. Carr and Ms. Boyce are in line with Bacanora's transition from an explorer to a lithium development company, as it enters the construction phase at its Sonora Lithium Project in Mexico, which was assigned a US$1.25 billion NPV and 26% IRR in its recently completed Feasibility Study.
Ms. Eileen Carr – Non-Executive Director
Over the course of her career, Ms. Carr has been a key member of teams behind the development of a number of successful mining operations across the world, including the Freda Rebecca gold mine in Zimbabwe, the Ayanfuri gold mine in Ghana, the Kalsaka gold mine in Burkina Faso and the Angovia gold mine in Ivory Coast. She has served as Finance Director / CFO for both private and public companies starting with Cluff Resources in 1993. She has since gone on to hold several executive directorships in the resource sector, including CFO at both AIM traded Monterrico Metals plc and Alexander Mining plc. She was also a Director at European Goldfields Inc., a TSX listed gold exploration company with operations in Romania.
Ms. Carr has also held a number of Non-Executive Directorships and currently sits on the Board and the Audit Committee of Sylvania Platinum Limited, an AIM listed PGM (platinum group metals) company with operations in South Africa. Her first non-executive role was for Banro Corp in 1998 and more recently she was a Non-Executive Director for Talvivaara Mining Co, the Finnish nickel company, and Goldstar Resources NL, an ASX listed gold company. Ms. Carr holds an MSc in Management from London University and is a SLOAN fellow of London Business School.
Ms. Janet Boyce – Chief Financial Officer
As a member of the executive management team between August 2013 and July 2017, Ms. Boyce played a key role in the formulation and implementation of group strategy at Gemfields. During this period, Ms. B
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