Last checked at 4 Apr 2012 07:00
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
4 April 2012
Ortac Resources Limited ('Ortac' or 'the Company')
Directorship Update
In compliance with the AIM Rules for Companies Ortac Resources Ltd, the AIM listed exploration and development company focussed on natural resource projects in Europe, notes the announcement by CSS Stellar plc regarding the appointment of Charlie Wood, Executive Director of Ortac, to the board of CSS Stellar plc with immediate effect.
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For further information please visit www.ortacresources.com or contact: | ||
Vassilios Carellas | Ortac Resources Ltd | Tel: +44 (0) 20 7389 9050 |
Charles Wood | Ortac Resources Ltd | Tel: +44 (0) 20 7389 9050 |
Jeremy Stephenson | Seymour Pierce Limited | Tel: +44 (0) 20 7107 8000 |
Stewart Dickson | Seymour Pierce Limited | Tel: +44 (0) 20 7107 8000 |
Catherine Leftley | Seymour Pierce Limited | Tel: +44 (0) 20 7107 8000 |
Jeremy King | Optiva Securities Ltd | Tel: +44 (0) 20 3137 1904 |
Jason Robertson | Optiva Securities Ltd | Tel: +44 (0) 20 3137 1906 |
Susie Geliher | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Lottie Brocklehurst | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Notes:
Ortac Resources Limited is an AIM listed exploration and development company focussed on natural resource projects in Europe. Its primary focus is on precious metals exploration and development within the Carpatho-Balkan Metallogenic Belt, primarily the Central Slovakian Volcanic Field.
The Company has a current JORC compliant resource of 1.1Moz of gold equivalent from its Šturec Project in Slovakia, and a scoping study on the project was completed in January 2012. The Company's objective is to complete a bankable feasibility study (BFS) and environmental and social impact assessment (ESIA) of the project, with a view to bringing the Šturec Project into production for the benefit of all stakeholders.
The Company's strategy is to utilise its highly experienced board and management team and its solid foothold in Central Europe to consolidate additional natural resource development opportunities to build shareholder value.