LONDON: Oriole Resources (AIM: ORR) announced that Mr Timothy Livesey has stepped down as Chief Executive Officer (‘CEO’) and from the Board of Oriole with effect from end of 30 April 2024 to focus on his other business interests. The Company also announces that Mr Martin Rosser has been appointed as CEO and will join the Board of Oriole with effect from today, 1 May 2024. Tim will remain an employee of Oriole to 31 May 2024 to assist in the transition.
During his tenure as CEO, Tim was pivotal in reinvigorating the strategic direction of the Company, which has led to the discovery of a potential new gold district in Cameroon. Additionally, the exploration programmes carried out in Cameroon recently culminated in the signing of earn-in agreements, with BCM International Limited, at the Bibemi and Mbe projects.
Martin brings a wealth of experience to the role of CEO with over 40 years of professional expertise in the natural resources sector, including as CEO of AIM-listed Alexander Mining Plc. He has also worked as a corporate financier and mining analyst.
As CEO of Alexander Mining Plc for 13 years, Martin led the company through the finalisation of a feasibility study for an open pit copper mine in Argentina; the diversification into innovative mineral processing technology and other energy metals, including lithium; and the completion of a reverse takeover transaction in January 2020. He has also sat on the board of Afriore Limited, as a Non-Executive Director, and acted as Managing Director of what is now known as VSA Capital plc. Martin’s diverse and expansive experience will provide additional value to the Company and further consolidates its already strong executive team.
Martin holds a BSc in Mining Engineering from and Associateship of the Camborne School of Mines. He is also a Fellow of the Institute of Materials, Minerals and Mining, and a Chartered Engineer.
Eileen Carr, Chair of Oriole, commented: “First, on behalf of the Board, I would like to express my sincere thanks to Tim for his hard work and dedication over the years – he has had a hugely positive impact on the Company. Tim was instrumental in Oriole’s move into Cameroon and the work carried out by the team, to date, has provided significant value to all stakeholders. He leaves the Company in a robust position and with a bright future and we wish him great success with his future endeavours.
“I am also delighted to welcome Martin to his new role. I believe his experience and expertise will augment the existing management team very well and help the Company deliver further on its recent achievements. Martin joins the team at an important stage of the Company’s growth trajectory, and I look forward to working with him to deliver further value to all stakeholders.”
Oriole Resources acquires 51% of Reservoir Minerals Cameroon Sarl
