– AUSTRALIA, Sydney – Aguia Resources Limited (ASX: AGR, TSX: AGRL), today announced a further strengthening of the board with the appointment of Stephen Ross as a non-executive director, effective today.
Mr Ross is an experienced geologist and company director with a long-term background in developing projects from discovery and acquisition through community engagement and permitting, as well as fundraising and operating in non-English speaking jurisdictions. The board had identified such attributes as worthy of being added to the collective capability of the board.
David Shearwood, Executive Director said: “I am extremely pleased to have Stephen Ross join the Aguia team and it is a testimony to the assets of the company and the technical work undertaken by Fernando Tallarico and his team in Brazil that we were able to attract Stephen to join. Boards operate more efficiently if they have wide-ranging as well as specific skill sets so that each member can contribute to important board functions, being; strategic decision making, risk mitigation and mentoring. We as a board benefit greatly from understanding intimately what is involved in the country to achieve outcomes that are good for the local community, our staff, the country we operate within as well as our shareholders.”
Stephen’s focus as a NED will be to strengthen the boards’ knowledge and support the team in Brazil by enhancing the capability for the board to communicate and intimately understand the detail on the ground. He will act as a conduit for helping the team on special projects as directed from Brazil. He will also assist with capital raising efforts given his strong international investment connections.
About Stephen Ross
Mr Ross is a geologist and public company director that has been involved in the international minerals industry in technical, business development and corporate positions for over 25 years. Stephen has sourced investments of over $100m for junior explorers and pre-development resource companies worldwide while holding senior management and technical positions when based in Central Asia, West Africa and Sri Lanka.
Mr Ross specialises in finding new projects in frontier economies while attracting minerals investment and establishing and managing operations whilst building a development team for new projects. He has developed strong relationships with investors and resource companies from Australia, Europe, China, Russia, Central Asia, South-East Asia and West Africa.
Stephen’s former ASX directorships include; Manas Resources Limited, Azumah Resources Limited, West African Resources Limited and Central Asia Resources Limited. Most recently he was the Managing Director of Sri Lankan minerals sands company Capital Metals Limited.
Stephen Ross Said: “I’ve been following Aguia for many years from afar and more recently in great detail. Its potential to produce cash flow from its phosphate assets to then fund increased copper exploration make it somewhat unique in terms of its future considering its large land position in the Rio Grande Copper Belt. I’m excited about my involvement and I’m looking forward to working with the board wherever my skills and experience can help and with the management team in Brazil on special projects when asked.”
Aguia Resources Limited is an ASX and TSX Venture listed company whose primary focus is on the exploration and development of mineral resource projects in Brazil. Aguia has an established and highly experienced in-country team based in Belo Horizonte, Brazil with corporate offices in Sydney, Australia. Aguia’s key projects are located in the Rio Grande do Sul, a prime farming area which is 100% dependent on phosphate imports. The Rio Grande phosphate deposits exhibit high quality and low-cost production characteristics and are ideally located with proximity to the road, rail, and port infrastructure. Aguia’s experienced management team has a proven track record of advancing high-quality mining assets to production in Brazil.
For more information: http://aguiaresources.com.au
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