Last checked at 13 Jun 2022 07:00
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
13 June 2022
Empire Metals Limited
('Empire' or the 'Company')
Board Change
Empire Metals Limited, the AIM-quoted resource exploration and development company, announces that Mr Michael ('Mike') Struthers, Non-Executive Director, is stepping down from the Board with immediate effect. The Board would like to thank Mike for his commitment and contribution over the past four years and wish him well.
Shaun Bunn, Managing Director, said: "Mike has been a trusted and extremely knowledgeable board member over the past four years, and I would like to take this opportunity to thank him for his significant input. During his three years as CEO, he worked tirelessly to advance the Company's then-Georgian assets, navigating the various external challenges the business faced towards finding a positive outcome for shareholders. Since our strategic move away from Georgia in 2020, Mike has been a huge advocate for our exploration and development initiatives in Australia and I am sure he will continue his support for our work as a shareholder of the Company."
Neil O'Brien, Chairman, said: "I would like to extend my thanks to Mike for his significant efforts over the past four years and his influence in reshaping the future of the Company. Mike possesses a wealth of technical experience, and he was instrumental in the formation of our new portfolio of assets in Australia. It is important to note this depth of technical experience is retained through Shaun, supported by the technical team that Shaun has built over the past 12 months and who are now largely located in Australia, the location of our now expanded exploration footprint. I believe this is a logical and pragmatic development given the changes and growth of the business over the past 12 months, and one which reflects the profile and focus of the Company. I wish Mike the very best for the future and I look forward to our providing regular updates to the market documenting our continued progress at the Eclipse-Gindalbie Gold Project and our newly acquired Pitfield Copper-Gold Project, Walton Copper-Gold Project and the Stavely Copper-Gold Project."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd Shaun Bunn /Greg Kuenzel | Tel: 020 7907 9327 |
S. P. Angel Corporate Finance LLP (Nomad & Broker) Ewan Leggat /Adam Cowl | Tel: 020 3470 0470 |
Shard Capital Partners LLP (Joint Broker) Damon Heath | Tel: 020 7186 9950 |
St Brides Partners Ltd (Financial PR) Susie Geliher/ Ana Ribeiro/ Selina Lovell | Tel: 020 7236 1177 |
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its initial focus has been on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia. The Company expanded its exploration licence area in April 2022 from 9.5km2 to 1,728km2 with the acquisition of the Pitfield Copper-Gold Project and the Walton Copper-Gold Project in Western Australia, and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria.
Empire also holds a portfolio of three precious metals projects located an historically high-grade gold production region comprising the Rotgulden, Schonberg and Walchen prospects in central-southern Austria.
The Board continues to evaluate opportunities through which to realise the value of its wider portfolio and reviews further assets which meet the Company's investment criteria.