Business
Formation of Alpala Project Committee
Formation of Alpala Project Committee.
About this update from SolGold PLC
[{"type":"text","content":"\n \n \n \n RNS Number : 8042E\n SolGold PLC\n 10 November 2020\n \n \n \n \n \n \n \n 10 November 2020\n \n \n SolGold plc\n \n \n (\"SolGold\" or the \"Company\")\n \n \n \n \n \n Formation of the Alpala Project Committee\n \n \n \n \n \n The Board of SolGold (LSE & TSX: SOLG) is pleased to advise of the formation of the Alpala Project Committee.\n The key objectives of this committee are to actively participate in setting the development strategy, provide advice, support effective decision making and monitor the staged development to achieve agreed outcomes relating to the Alpala Copper-Gold-Silver Project.\n \n \n \n \n \n The Committee will comprise of \n least three Board members, two being independent non-executive directors, and senior members of project and executive team:\n \n \n · \n Non-Executive Director - Keith Marshall \n \n \n · \n Non-Executive Director - Kevin O'Kane \n \n \n · \n Chief Executive Officer - Nick Mather \n \n \n · \n Director of Studies - Peter Holmes \n \n \n · \n Executive General Manager Studies - Eduardo Valenzuela\n \n \n · \n Head of Exploration - Jason Ward\n \n \n · \n Technical Services Manager - Benn Whistler\n \n \n · \n Executive General Manager, Project & Corporate Finance - Ingo Hofmaier\n \n \n \n \n \n Consistent with good practice, the role and responsibilities of the Committee are:\n \n \n · \n Analyse progress versus commitments made to stakeholders;\n \n \n · \n Monitor material project risks and approve actions to mitigate identified risks;\n \n \n · \n Propose recommendations for any necessary approvals within the mandate of the Board for moving the project to the next stage gate, material contracts, purchases and commitments; \n \n \n · \n Ensure the Project's stages/phases are managed by the Project team to achieve project completion criteria and transition to the next stage in line with the Board-approved key performance indicators; \n \n \n · \n Monitor and support the Director of Studies and Chief Executive Officer and their teams in the management and control of the stage gates; \n \n \n · \n Ensure SolGold's organisational development anticipates necessary resource requirements and provide guidance to create an effective organisational design, and\n \n \n · \n Provide counsel during the recruitment, retention and devel...