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PERTH, Western Australia, Dec. 7 /CNW/ - Emerging gold producer Adamus Resources Limited (ASX and TSXV: ADU) (Adamus or the Company) is pleased to announce the appointment of Mr Martin Reed as an Independent Non-Executive Director.
Mr Reed's appointment is in line with Adamus' strategy of broadening its skill base, through the addition of further project development experience, as the Company completes the transition from developer to producer.
Mr Reed is a mining engineer with over 30 years experience in general management and operations, as well as development of mines in Australia and overseas. He has particular experience in managing the development of companies from exploration focus through to producer status. Mr Reed was Chief Operating Officer for St Barbara Limited and previously Chief Operating Officer for Windimurra Vanadium Limited, General Manager Development & Operations for Paladin Energy Limited and at AngloGold Ashanti's Sunrise Dam gold mine.
Adamus' Managing Director Mr Mark Bojanjac said that the new appointment, together with the recent appointment of Mr Peter Rowe, again enhances the Board with the required technical expertise to oversee the Company's mine development and operations.
Adamus Resources Limited is a Perth-based mineral exploration company, listed on Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V) and Frankfurt Stock Exchange Open Market (FSE).
The Company's primary focus is on exploring, realising and expanding the economic potential of the Southern Ashanti Gold Project in Ghana, West Africa. The Project encompasses approximately 665km(2) of tenure in the Ashanti Gold Belt - host to over 100moz of gold and the Project boasts excellent access to port and road infrastructure. Ghana is a stable West African country with a long history and some of the world's largest gold mining operations. Gold production is vital to the national economy. Members of the Adamus Board and management team have proven records in mineral exploration, project development and project financing.
ADAMUS RESOURCES LIMITED
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Caution Regarding Forward Looking Information.
Certain statements included in this announcement, including information regarding Adamus' plans with respect to its mineral properties, constitute forward-looking information. Forward-looking information includes, among other things, statements regarding expected operations. Forward-looking information is based upon a number of estimates and assumptions made by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable by the Company, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Investors are cautioned that forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise.
For further information: For further information: please see our website: www.adamusresources.com.au or contact: Mark Bojanjac - Managing Director/CEO, +61 8 9322 5943, email: email@example.com; Mark Connelly - Executive Director/COO, +61 8 9322 5943, email: firstname.lastname@example.org; For media enquiries contact: Brian Thornton - Farrington National, +61 2 9332 4448, email: email@example.com