LONDON: Katoro Gold plc (AIM:KAT), the strategic and precious minerals exploration and development company, announced, Mr Patrick Cullen as Interim Chief Executive Officer on the company’s Board.
Mr Cullen is charged with guiding and managing the Company through the next phase in its development including:
- To drive forward the technical review as announced of the Haneti Project in Tanzania and advancement of that project, held in joint venture with Power Metal Resources plc (AIM:POW)
- To extract value from the Company’s business interests and AIM listing for the benefit of all shareholders
- To rapidly advance the review and potential acquisition, subject to AIM rules and requirements, of new opportunities deemed potentially transformational in the critical and precious metals exploration and/or project development environment.
As outlined in the Company’s announcement on 28 June 2024, Mr Cullen has extensive geological, geophysical and mining experience gained while working in the junior resource exploration and major mining sectors. This includes board and senior managerial experience at AIM, TSX and ASX listed junior explorers.
Since the Company’s financing announced in February 2024, work has been undertaken to advance existing interests including principally the Haneti project in Tanzania, where a detailed technical review is underway. In addition the Company has been working actively on a review of additional new project opportunities. Mr Cullen will continue to progress this work.
Sean Wade, Non-executive Chairman of Katoro Gold plc commented: “I am pleased to confirm Patrick’s appointment to the role of Interim Chief Executive Officer. With this appointment we are now able to push ahead at some pace with our plans for the business and we are excited by the potential opportunities available at this time.”
Patrick Cullen, Interim Chief Executive Officer of Katoro Gold plc commented: “I am excited to come on board at Katoro as part of the strategy to revitalise the Company and I’m looking forward to working together with Sean and the Board to accelerate the initiatives already underway.
I will be driving the Haneti technical review and optimising next steps as well as advancing activities around new project opportunities. I look forward to communicating updates to the market at the earliest opportunity.”