– UK, London – Avocet Mining PLC announces that Mike Norris has tendered his resignation as Finance Director and has resigned from the Board of Directors with immediate effect, in order to accept a position at another public company.
Jim Wynn, formerly Head of Finance and Company Secretary, has been appointed Finance Director and to the Board, effective immediately, and will retain his responsibilities as Company Secretary.
Jim joined Avocet in November 2008 and was appointed Company Secretary in January 2009. Jim is a Chartered Accountant and was previously employed by Anglo American plc where he held a number of roles within the finance, business development, and strategy departments of Anglo Industrial Minerals.
David Cather, Chief Executive Officer, commented: “I am pleased to announce the promotion of Jim Wynn, who will not only provide continuity in the key role of Finance Director, but will also, I am sure, make a significant contribution to the activities of the Board. I also wish to thank Mike for his significant contribution to the Company since 2007”.
Avocet Mining PLC is an unhedged gold mining and exploration company listed on the London Stock Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The Company’s principal activities are gold mining and exploration in West Africa.
In Burkina Faso the Company owns 90% of the Inata Gold Mine. The Inata Gold Mine poured its first gold in December 2009 and produced 86,037 ounces of gold in 2014. Other assets in Burkina Faso include five exploration permits surrounding the Inata Gold Mine in the broader Bélahouro region. The most advanced of these projects is Souma, some 20 kilometres from the Inata Gold Mine.
In Guinea, Avocet owns 100% of the Tri-K Project in the north east of the country. Drilling to date has outlined a Mineral Resource of 3.0 million ounces, and in October 2013 the Company announced a maiden Ore Reserve on the oxide portion of the orebody, which is suitable for heap leaching, of 0.5 million ounces. As an alternative, the potential exists to exploit the entire 3.0 million ounce Tri-K orebody via the CIL processing method. The Company announced on 2 April 2015 that an exploitation permit had been awarded for Tri-K.
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