Business
Final Results, Notice of AGM
Final Results, Notice of AGM.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 8867L\n Chesterfield Resources PLC\n 05 May 2020\n \n \n \n \n Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining\n \n \n \n \n \n 5 May 2020\n \n \n Chesterfield Resources Plc (the 'Company', 'Chesterfield')\n \n \n Final Results, Notice of AGM \n \n \n \n \n \n Chesterfield Resources plc is pleased to announce its final results for the year ended 31 December 2019. The Company also gives notice that its Annual General Meeting ('AGM') will be held on June 29th at 11am. at 7-9 Swallow Street, London W1B 4DE. \n \n \n Copies of the Notice of AGM, together with the Form of Proxy and the Annual Report will be posted to shareholders and will be available to view on the Company's website shortly at \n \n www.chesterfieldresourcesplc.com\n \n \n \n The cash balance for the Company at year end was £748,596.\n \n \n FINAL RESULTS\n \n \n Chairmans Statement\n \n \n Dear Shareholders,\n \n \n 2019 was a year dominated by our target development programme in Cyprus. For a mineral exploration company, the quality of its targets is its principal asset. Our objective was to develop a list of high-value targets prior to the expensive process of diamond drilling. Advancing these targets involved a great deal of laborious and painstaking work, running various different types of exploration programmes concurrently. However, it is this diligent preparation that maximises our chances of discovery and success. \n \n \n In order to undertake this complicated task, 2019 also saw the company build a truly world class geological team. Dave Cliff (non-Executive Director), who was formally Head of Exploration Europe for Rio Tinto, one of the world's biggest mining companies, joined us in 2017. Joining us in January as Chief Operating Officer was Mike Parker, who had just completed a 20-year career at First Quantum Minerals, where he was key in two major copper discoveries and led large teams of exploration personnel. Also joining us as Technical Consultant was Neil O'Brien, who previously was VP of new business development at Lundin Mining. Neil is a recognised authority on the VMS (volcanogenic massive sulphide) geological occurrences that the company is exploring in Cyprus. We believe it is this experience and brain-power behind our target development that will help distinguish us as a junior ex...