– UK, London – Caracal Gold plc (LON: GCAT | FSE: 6IK), the East African gold producer today announced the appointments to its Board of Riaan Lombard as Executive Director and COO, and Stefan Mülller as a Non-Executive Director, both effective immediately.
Concurrently the Company also announced that current Executive Director Gerard Kisbey-Green will become a Non-Executive Director, effective immediately.
Simon Games-Thomas, Chairman of Caracal Gold Plc said, “We are delighted to welcome Riaan and Stefan to the Board. Since joining the Company in February, Riaan has enjoyed great success in helping us enhance the operational efficiency and build production at our flagship Kilimapesa Mine whilst also being a driving force in our acquisition of the Nyakafuru Project in Tanzania, which offers significant growth opportunity. Accordingly, his appointment as COO is an obvious next step. Add to this Stefan’s extensive financial and corporate experience and I believe that these appointments round off the Board perfectly. We look forward to working together to continue to deliver on the overall strategy and success of establishing Caracal as a leading East African gold producer.”
About Riaan Lombard
Mr. Lombard is a qualified mining engineer and native of Namibia with 25 years of experience across a multitude of senior management and technical roles and a diverse range of commodity projects in West Africa, East Africa, and South America. Riaan Lombard has held the role of GM of Caracal’s fully owned subsidiary Kilimapesa Gold (Pty) Ltd, which operates the Company’s flagship Kenyan mine, since February 2022. He has also been instrumental in Caracal’s recent acquisition of the Nyakafuru Project in Tanzania, which is located in the world-class Lake Victoria Gold Fields. Accordingly, Mr. Lombard is uniquely qualified to support the Company, as it focuses on delivering on its strategic objectives of building production and profitability across its portfolio, targeting +50,000oz p.a. gold production and +3Moz JORC Compliant Resources.
About Stefan Mülller
Stefan Mülller has extensive corporate and financial experience having supported over 250 capital market transactions during his career and served on the boards of several national and international companies. He started his career at Dresdner Bank AG in international securities trading before becoming SVP at Bankhaus Sal Oppenheim. He subsequently worked in asset management before founding DGWA – Deutsche Gesellschaft für Wertpapieranalyse GmbH, a German Investment Banking Boutique focused on the global mining and resources industry, where he is still CEO. He is also a board member of the German Federation of International Mining and Mineral Resources, and a member of the DIN Technical Committee, which is establishing a new ISO standard for lithium. His corporate and financial experience will support the Company in delivering on its growth strategy.
About Caracal Gold plc
Caracal Gold plc is an emerging East African-focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. It aims to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz. To this end, it is progressing a well-defined mine optimization strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and the ability to increase gold production to 24,000oz p.a. and the resource to +2Moz. Additionally, its experienced team, with a proven track record in successfully developing and operating mining projects throughout Africa, is reviewing other complementary and strategically located gold mine and development projects in East Africa.
Caracal is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions where it operates. It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families health, safety, and wellbeing.
Caracal’s shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and the Frankfurt Stock Exchange (FSE: 6IK); a listing on the Nairobi Securities Exchange is underway.
For more information: https://caracalgold.com/
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