Business
Appointment of Non-Executive Director
Appointment of Non-Executive Director.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n\n15 August 2024\nOrmonde Mining plc\n(\"Ormonde\" or the \"Company\")\n \nAppointment of Non-Executive Director\n \nOrmonde Mining plc (AQSE: ORM), a natural resources company with investment exposure to exploration assets including gold and copper in Newfoundland and battery metals in Scotland, announces the appointment of Steve Nicol as Non-Executive Director (\"NED\") with immediate effect.\n \nMr Nicol is an experienced mining executive with over 35 years' experience in the mining industry, including in operations management, mine evaluation and development and other corporate roles for both listed and private mining companies. He previously spent 13 years as Managing Director and Project Manager of the Spanish-based company that commercialised the Barruecopardo Tungsten mine in Western Spain, in which Ormonde held a 30% stake which was sold for €6 million in 2020.\n \nAs Ormonde's Technical Advisor, Mr Nicol has been centrally involved in identifying TRU Precious Metals Corp. (TSXV: TRU, OTCQB: TRUIF) (\"TRU\") and Peak Nickel Ltd (\"PNL\") as investment opportunities for Ormonde. On 8 August 2024, it was announced that Mr Nicol had been appointed as Chief Executive Officer of TRU (which is 36.2%-owned and controlled by Ormonde) with responsibility for overseeing the multi-year, partner-funded gold and copper focused exploration programme at the Golden Rose Project in Newfoundland pursuant to the earn-in agreement with Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO) (\"Eldorado\") announced by TRU on 30 July 2024. \n \nBrian Timmons, Executive Chair of Ormonde, commented:\n \n\"On behalf of the Board, I would like to welcome Steve as a Non-Executive Director. Steve has worked with Ormonde for many years in a technical capacity - both with our legacy assets and our present core assets. Alongside our Geological Consultant, Professor Garth Earls, Steve is playing an active role in developing Ormonde's portfolio and was recently appointed as CEO of TRU following a potentially transformative earn-in transaction with Eldorado. As a representative of Ormonde on the Boards of both TRU and PNL, it makes great sense to also benefit from Steve's expertise in a directorate capacity at Ormonde.\"\n \nSave as set out below, no further information regarding Stephen John Nicol is required to be dis...