25 May 2021
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Pathfinder is pleased to announce the appointment of Mr Mark Gasson as an independent Non-Executive Director with immediate effect.
Mr Gasson is an accomplished geologist with 35 years of experience in gold and base metals exploration and development across Africa and South America. He has served as both a director, and as Exploration Manager, of numerous mining companies and has direct experience in assessing mineral sands projects.
Mr Gasson has been instrumental in major discoveries including one million tonnes of contained copper at Tiger Resources' Kipoi Mine, 250,000 tonnes of tin (grading at 3.5% tin) at Alphamin Resources' Bisie Tin Project, three million ounces of gold at Amani Gold's Giro Project, two billion tonnes of lithium for AVZ Minerals - all in the Democratic Republic of the Congo - and two million ounces of gold in Tanzania.
Mr Gasson is a member of the Australasian Institute of Mining and Metallurgy.
The Board intends, once it has published the Company's 2020 financial results and subject to not being in a close period for any other reason, to grant Mr Gasson options over 6,000,000 ordinary shares of the Company at an expected exercise price of 1.25 pence per ordinary share, exercisable for a period of two years from the date of issue. A further announcement will be made as and when appropriate.
Dennis Edmonds, Chairman of Pathfinder, commented:
"The international arbitration which the Company is preparing to launch against the Government of Mozambique now opens up an opportunity for Pathfinder to consider pursuing other opportunities in parallel. As such, we are delighted to welcome Mark Gasson to the Board. His extensive technical experience will strengthen our ability to identify and progress other potential resources projects to run alongside the potential arbitration process."
Further disclosures in relation to Mr Gasson's appointment as required under AIM Rule 17 and Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are included in the appendix below.
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser)
James Spinney / Ritchie Balmer / Rob Patrick
Tel. +44 (0)20 7409 3494
Vigo Consulting (Public Relations)
Ben Simons / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Novum Securities Limited (Corporate Broker)
Colin Rowbury / Jon Belliss
Tel. +44 (0)20 7399 9400
Appendix - Appointment of Mark Gasson
As required under AIM Rule 17, Mark Richard Gasson (aged 63) has held the following directorships and/or partnerships in the past five years:
Past Directorships/Partnerships (within last 5 years)
AJN Resources Inc
Taruga Minerals Ltd
Panex Resources Inc
Monument Mining Limited
Leading Edge 154 CC
Front Nine Trading Pty Ltd
Targua Congo Sarlu
There is no further information to be disclosed in relation to Mr Gasson's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").