– BERMUDA, Hamilton – Richland Resources Ltd (AIM: RLD), the gemstones producer and developer, is pleased to announce the appointment of Anthony (“Tony”) Brooke to the Board as its new Chief Executive Officer with immediate effect. Mr Brooke has previously acted as Vice President of Marketing and Sales for the Company’s wholly owned subsidiary, Capricorn Sapphire Pty Limited, and been assisting with its sales and marketing initiatives alongside his team at Gem Dreams Co. Limited, as set out in the Company’s announcement of 23 November 2016.
Further to the Company’s announcement of 15 January 2018, Dr. Bernard Olivier has accordingly resigned as Chief Executive Officer and a director of the Company also with immediate effect in order to pursue his other interests. The Company would like to thank Dr. Olivier for his significant contributions to the Company’s development, initially in Tanzania and more recently in relation to the establishment and commissioning of the Company’s Capricorn Sapphire mine.
Mr Brooke, in conjunction with the rest of the Board, has commenced a strategic review of the Company’s Capricorn Sapphire mining, marketing and sales operations to assess how the Company can best leverage its position as the owner of one of the world’s largest sapphire mines operated to the highest international corporate social responsibility standards. The Company will make a further announcement in due course when this review is concluded and in the meantime mining operations remain suspended whilst the Company continues to focus on its exploration programme targeting potential resource expansion as set out in its announcement of 11 December 2017.
Edward Nealon, Non-Executive Chairman of Richland, today commented: “I am most pleased that Tony, with his wealth of gemstone industry knowledge and experience, has decided to take up the position of Chief Executive Officer of the Company and look forward to working closely with him.
“I would like to thank Bernard for his significant contribution to the Company’s development from his early days as an exploration geologist through to his more recent role as Chief Executive Officer, and wish him well for the future.”
For more information : http://www.richlandresourcesltd.com
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