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30 Oct 2018 13:07
30 October 2018
Crusader Resources Limited
("Company" or "Crusader")
Directorate Change
Crusader Resources Limited (ASX: CAS, AIM: CAS) ("Crusader" or the "Company"), announces that Paul Stephen, Executive Director will be stepping down from the Board and his executive position, with effect from 30 January 2019.
Mr Stephen has been an executive director since November 2009 and the Company wishes to thank him for his support and contribution over that time.
Andrew Vickerman, Chairman, said: "I would like to extend our appreciation to Paul for his long service and commitment to the Company. We wish him the best of luck in his future endeavours when he leaves Crusader at the end of January."
For further information, please contact:
Mr. Andrew Beigel | Investor Relations |
CFO/Company Secretary | Office (Aus): +61 8 9320 7500 |
Office (Aus): +61 8 9320 7500 | Email: admin@crusaderresources.com |
Email: andrew@crusaderresources.com | |
Smith & Williamson Corporate Finance Limited | Camarco |
Nominated Adviser | Financial PR |
Azhic Basirov / Katy Birkin / Ben Jeynes | Gordon Poole / Nick Hennis / Monique Perks |
+44(0)207 131 4000 | +44(0)20 3757 4997 / +44(0)20 3781 8330 |
About Crusader
Crusader Resources Limited (ASX:CAS, AIM:CAS) is a minerals exploration and development company listed on the Australian Securities Exchange and the AIM Market of the London Stock Exchange. Its major focus is Brazil; a country Crusader believes is vastly underexplored and which offers high potential for the discovery of world class mineral deposits.
Crusader has two key gold assets:
Borborema Gold Project
The Borborema Gold Project is in the Seridó area of the Borborema province in north-eastern Brazil. It is 100% owned by Crusader and consists of three mining leases covering a total area of 29 km2 including freehold title over the main prospect area.
The Borborema Gold Project benefits from a favourable taxation regime, existing on-site facilities and excellent infrastructure such as buildings, grid power, water, sealed roads and is close to major cities and regional centres. The project's Ore Reserve includes Proven and Probable Ore Reserves of 1.61Moz of mineable gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut-offs for oxide & fresh). The measured, indicated and inferred Mineral Resource Estimate of 2.43Moz @ 1.10g/t gold, remains open in all directions.
Juruena Gold Project
The Juruena Gold Project is located in the highly prospective Juruena-Alta Floresta Gold Belt, which stretches east-west for >400km and has historically produced more than 7Moz of gold from 40 known gold deposits. Historically there is a database of more than 30,000 meters of drilling and extensive geological data.
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