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Board Change

4 Jun 2015 07:00

RNS Number : 1542P
FinnAust Mining PLC
04 June 2015
 

FinnAust Mining plc / EPIC: FAM / Market: AIM / Sector: Mining

4 June 2015

FinnAust Mining plc ("FinnAust" or the "Company")

Board Change

 

FinnAust Mining plc, the AIM listed exploration company with a multi-project copper, zinc and nickel portfolio in Finland and Austria, announces that Alastair Clayton, the Executive Director of the Company, has resigned effective immediately from the Board of Directors and from his employment with the Company. The Board is grateful for Alastair's contributions and wishes him well.

 

**ENDS**

 

For further information please visit www.finnaust.com or contact:

 

Greg Kuenzel

FinnAust Mining plc

+ 44(0) 20 3326 1729

Graham Marshall

FinnAust Mining plc

Ewan Leggat

Katy Birkin

SP Angel Corporate Finance LLP

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Elisabeth Cowell

St Brides Partners Ltd

+44 (0) 20 7236 1177

Charlotte Heap

St Brides Partners Ltd

 

Notes

 

FinnAust Mining plc is an AIM listed exploration company focused on copper and base metals in Finland and Austria. Its proven management team, with its track record of exploring, discovering, financing, constructing and safely operating mines globally, has established a portfolio of highly prospective projects at various stages of development. Finland is rated the number one mining destination worldwide in the Fraser Institute Global Mining Survey Results 2012/2013.

 

The Company's primary focus of exploration is a portfolio of assets in Finland. Three high-priority target areas have already been identified, Hammaslahti, Outokumpu and Enonkoski, which are prospective for Volcanogenic Massive Sulphide ('VMS'), high-grade magmatic sulphide nickel-copper and Outokumpu type copper deposits. The assets are located in one of the world's most prolific geological belts, which hosts multiple high grade mines including the world famous Outokumpu copper mine, which reportedly produced a total of approximately 34.4 million tonnes of ore at average grades of 3.6% copper, 1.2% zinc, 0.22% cobalt and 0.1% nickel between 1914 and 1988.

 

FinnAust also holds an 80% interest in the previously producing 33 km sq Mitterberg Copper Project in Austria, which the Company is currently evaluating in order to determine the best plan for future development.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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