TIDMSOLG
RNS Number : 4301A
SolGold PLC
22 January 2024
22 January 2024
SolGold plc
("SolGold" or the "Company")
SolGold Provides Corporate Update
SolGold (LSE & TSX: SOLG) is pleased to provide an update on
the Company's current initiatives and ongoing activities.
Scott Caldwell, SolGold's CEO and President of SolGold Ecuador,
commented:
"We continue to progress various initiatives, including the
strategic review. Since returning to Ecuador on January 2(nd) , I
have also had the opportunity to engage directly with government
officials and local stakeholders. The commitment from all parties
involved has been outstanding, and I am optimistic for the future
of the Ecuadorian mining industry as a real driver for economic
development. "
Cascabel Update
The phased approach pre-feasibility study for the Company's 100%
owned Cascabel Project located in northern Ecuador is nearing
completion. The phased approach is expected to demonstrate a lower
risk path for Cascabel, with several project optimizations expected
compared to the 2022 Cascabel PFS, including lower capital
costs.
Exploration Update
We are pleased to report that our Ecuadorian exploration team
has been active during January 2024, making progress at the
Blanca-Nieves Project, which hosts the newly discovered La Florida
target. Blanca-Nieves is located 10 km north of the Cascabel
Project. Exploration activities are expected to continue over the
course of 2024, focusing on advancing new target areas and
prospects for new discoveries.
Board Update
Following the Company's annual general meeting held in December
2023, the SolGold Board has reconstituted various board committees
tasked with overseeing critical aspects of our operations and
strategy. The current composition of committees is as follows:
-- Audit and Risk Committee - Dan Vujcic (Chair), Maria Amparo Alban and Steve van Barneveld
-- Remuneration Committee - Steve van Barneveld (Chair), Dan Vujcic and Maria Amparo Alban
-- Nominations Committee - Dan Vujcic (Chair), Scott Caldwell and Nicholas Mather
-- Environment Social Governance Committee - Maria Ampara Alban
(Chair), Steve van Barneveld and Scott Caldwell
In accordance with the Listing Rule (LR) 14.3.6 and Disclosure
Guidance and Transparency Rule (DTR) 6.2.2, the Company confirms
that a copy of all resolutions passed at the annual general meeting
held on 20 December 2023 have been provided to the FCA's National
Storage Mechanism.
CONTACTS
Scott Caldwell
SolGold Plc (CEO) Tel: +44 (0) 20 3807 6996
Tavistock (Media)
Jos Simson/Gareth Tredway Tel: +44 (0) 20 7920 3150
ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery,
definition and development of world-class copper and gold deposits
and continues to strive to deliver objectives efficiently and in
the interests of shareholders.
The Company operates with transparency and in accordance with
international best practices. SolGold is committed to delivering
value to its shareholders while simultaneously providing economic
and social benefits to impacted communities, fostering a healthy
and safe workplace, and minimizing environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock
Exchange (LSE/TSX: SOLG).
See www.solgold.com.au for more information. Follow us on X
@SolGold_plc
CAUTIONARY NOTICE
News releases, presentations and public commentary made by
SolGold plc (the "Company") and its Officers may contain certain
statements and expressions of belief, expectation or opinion which
are forward looking statements, and which relate, inter alia, to
interpretations of exploration results to date and the Company's
proposed strategy, plans and objectives or to the expectations or
intentions of the Company's Directors, including the plan for
developing the Project currently being studied as well as the
expectations of the Company as to the forward price of copper. Such
forward-looking and interpretative statements involve known and
unknown risks, uncertainties and other important factors beyond the
control of the Company that could cause the actual performance or
achievements of the Company to be materially different from such
interpretations and forward-looking statements.
Accordingly, the reader should not rely on any interpretations
or forward-looking statements, and save as required by the exchange
rules of the TSX and LSE or by applicable laws, the Company does
not accept any obligation to disseminate any updates or revisions
to such interpretations or forward-looking statements. The Company
may reinterpret results to date as the status of its assets and
projects changes with time expenditure, metals prices and other
affecting circumstances.
This release may contain "forward--looking information".
Forward--looking information includes, but is not limited to,
statements regarding the Company's plans for developing its
properties. Generally, forward--looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved".
Forward--looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward--looking information, including but not limited to:
transaction risks; general business, economic, competitive,
political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages and other risks of
the mining industry. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, risks relating to the ability of exploration
activities (including assay results) to accurately predict
mineralization; errors in management's geological modelling and/or
mine development plan; capital and operating costs varying
significantly from estimates; the preliminary nature of visual
assessments; delays in obtaining or failures to obtain required
governmental, environmental or other required approvals;
uncertainties relating to the availability and costs of financing
needed in the future; changes in equity markets; inflation; the
global economic climate; fluctuations in commodity prices; the
ability of the Company to complete further exploration activities,
including drilling; delays in the development of projects;
environmental risks; community and non-governmental actions; other
risks involved in the mineral exploration and development industry;
the ability of the Company to retain its key management employees
and skilled and experienced personnel; and those risks set out in
the Company's public documents filed on SEDAR+ at www.sedarplus.ca
. Accordingly, readers should not place undue reliance on
forward--looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
The Company and its officers do not endorse, or reject or
otherwise comment on the conclusions, interpretations or views
expressed in press articles or third-party analysis.
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END
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January 22, 2024 02:00 ET (07:00 GMT)
Grafico Azioni Solgold (LSE:SOLG)
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Grafico Azioni Solgold (LSE:SOLG)
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