Last checked at 25 Apr 2007 09:30
Kryso Resources plc AIM: KYS (`Kryso', `Kryso Resources' or `the Company') Kryso Resources Announces Appointment of Ferdinand Dippenaar, CEO of Great Basin Gold, as Non-Executive Director
- Appointment cements its strategic relationship with Great Basin Gold, part of Canada's highly successful Hunter Dickinson group
Kryso Resources plc, the mineral exploration and development company with gold and nickel-copper assets in Tajikistan, is pleased to announce that Ferdinand Dippenaar, aged 46, has been appointed as a Non-Executive Director of the Company.
A resident of South Africa, Ferdinand Dippenaar has 25 years of mining industry experience, particularly in the gold sector, and has occupied a variety of senior roles. He is currently President, Chief Executive Officer (CEO) and Director of TSX-listed Great Basin Gold (`Great Basin'), Kryso's strategic partner and holder of approximately 15% of the Company.
Great Basin is part of the well-known Hunter Dickinson group of mining companies. There are a total of nine listed companies in the Hunter Dickinson group, with a total market capitalisation of in excess of CAN$3 billion. Mr. Dippenaar also acts as an Executive Adviser to a number of other Hunter Dickinson companies. Prior to joining Great Basin in 2005, he was an Executive Director of Harmony Gold Limited, the world's fifth largest gold producer.
Kryso Resources' Managing Director Vassilios Carellas, comments:
`Ferdinand Dippenaar's appointment will not only bring Kryso the benefit of his long experience in the mining industry but will deepen our relationship with Great Basin Gold, with which Kryso has a strategic alliance. Kryso's association with Great Basin and with Mr. Dippenaar reflects positively on the attractiveness of our assets, and will be a valuable source of support as we progress our Pakrut gold project towards production and explore the potential of our Hukas nickel-copper prospect.'
Ferdinand Dippenaar has held the following directorships in the previous five years:
Current:Antler Peak Gold LtdGreat Basin Gold LtdGreat Basin Gold IncGreat Basin Gold RSA (Pty) LtdN5C Resources IncN6C Resources IncPacific Sentinel Resources IncRodeo Creek Gold IncSouthgold Exploration (Pty) LtdTouchstone Resources Company
Past:
Armgold/Harmony Freegold Joint Venture (Pty) LtdEast Rand Proprietary Mines LtdElandsrand Gold Mining Co LtdEvander Gold Mines LtdGrootvlei Mine LtdHarmony Gold Mining Company LtdHarmony Gold Australia LtdKalahari Goldridge Mining Company LtdMusuku Beneficiation (Pty) LtdRandfontein Estates Ltd
There are no other matters which are required to be announced under paragraph (g) of Schedule 2 of the AIM Rules.
For further information, please contact:
Vassilios Carellas/Craig Brown, Kryso Resources plc.Tel: 020 7371 0600Brett Miller, Ruegg & Co Ltd.Tel: 020 7584 3663Richard Hail, Fox-Davies Capital Limited.Tel: 020 7936 5200
Stephen Clayson/Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020 7628 5518
KRYSO RESOURCES PLC