30 October 2020
New Appointment & Trading statement
Eastinco Mining and Exploration plc ("EME" or the "Company") announces a new appointment and its trading statement for the quarter ended 30 September 2020.
The Company is pleased to announce that Mr. Simon Rollason has been named as the Chief Executive Officer ("CEO"), effective from the 2nd November, 2020. Mr. Charles
Mr Rollason has 30 years of international exploration and mining experience, having worked on a wide range of commodities and geological terranes, developing & building projects and companies. He completed a BSc (Hons) degree in geology from the University of the Witwatersrand,
"Simon is the right leader joining at the right time for EME," said Charles Bray, Executive Chairman. Simon's extensive mining experience in operations and as a senior manager and director for multiple
"I am very excited to be joining the EME team," said Simon Rollason, "The Company is at the point of transitioning from a project developer into a producer, with ambitions to expand the portfolio, initially in
During the quarter under review, and since, at the EME's Musasa (Kuaka) mine in
· Sample prep laboratory equipment has arrived and is being utilised on site;
· A larger capacity water pump, offering significant redundancy and extended processing times has been ordered and due to arrive by year end;
· Land permissions for field exploration work were received for the Huye joint-venture exploration site and will commence in November.
The Company presently has available cash and cash equivalents of approximately
The Directors take responsibility for this announcement.
Enquiries:
For further information, please visit http://www.eastinco.com/ or contact:
Eastinco Mining & Exploration Plc:
Charles
Mike Staten, Executive Director - mike.staten@eme-plc.com
AQSE Growth Market Corporate Adviser:
Alfred Henry Corporate Finance Limited
Nick Michaels and Jon Isaacs
www.alfredhenry.com
Tel: 0203 772 0021
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