– BVI, Road Town – Cora Gold Limited (LON: CORA), the West African focused gold exploration company, today announced the appointment of Bert Monro as its CEO and a Board Director with immediate effect.
As announced on 10 October 2019, Mr. Monro replaces Dr. Jon Forster, who has stepped down from his post as CEO and a Director of the Company to reduce his workload after a 40-year career in the minerals industry. Dr. Forster remains Head of Exploration at Cora and will continue to manage the Company’s technical activities.
Mr. Monro has significant experience in both the resource sector and the City. Most notably, he spent over ten years at Hummingbird Resources plc (LON:HUM), holding several roles including Operations Manager, Country Manager and Head of Business Development as the company transitioned from a private pre-resource explorer through to a listed gold miner with over 6Mozs of gold resources in West Africa. During this time, Hummingbird raised over US$100m of equity from institutional investors as well as over US$100m of debt and royalties to advance the Dugbe gold project in Liberia and build the now producing Yanfolila gold mine in Mali. Hummingbird remains the largest shareholder of Cora, currently with a shareholding of 18.0%.
Mr. Monro has been closely involved with Cora since 2017 when the Company successfully completed its IPO, first as one of two nominees of Hummingbird appointed to the Board, and later as Business Development Manager, working with the Board to progress its strategy of gold exploration in Mali alongside the advancement of the Sanankoro Gold Project.
Ed Bowie, Non-Executive Chairman, said, “On behalf of the Board and shareholders, I would like to thank Jon for his commitment and hard work during his tenure as CEO. With the recently announced Sanankoro Mineral Resource Estimate and the Scoping Study, which is nearing finalisation, Jon has laid the foundations for what appears to be yet another successful economic gold discovery in his exemplary career; I am delighted that he will continue to oversee the Company’s technical development as Head of Exploration.
“It gives me great pleasure to welcome Bert to the role of CEO. Bert brings a huge amount of enthusiasm, an in-depth understanding of the junior gold sector and a keen focus on adding shareholder value. He has played a key role in the Company’s development to date, initially as a Non-Executive Director and more recently in a business development capacity and is the ideal candidate to lead the Company through the next phase of its growth.
“Cora, with the combined skills of Bert and Jon, is well placed to continue to discover and define economic gold and add shareholder value.”
About Cora Gold Limited
Cora Gold is a gold exploration company focused on two world-class gold regions in Mali and Senegal in West Africa. Historical exploration has resulted in the highly prospective Sanankoro Gold Discovery, in addition to multiple, high potential, drill-ready gold targets within its broader portfolio. Cora Gold’s primary focus is on further developing Sanankoro in the Yanfolila Gold Belt, which Cora Gold believes has the potential for standalone mine development. Cora Gold’s highly experienced and successful management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.
For more information: https://www.coragold.com
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