Kingrose clearly to me is beginning to Grow as well as develop it’s existing mines.
And will have a long future ahead . ( self- sustaining already , and with great potential upside with further discoveries)
I like the very high production of Silver , with the Gold at the mine .
( Ag is converted to ‘gold’ units within the resource quotations I think )
To me the high Silver yield with the gold where they have the mine - Silver will actually have greater upside , in a rising precious metals market through the next years .
Higher percentage gains for the silver percent in the ore , compared to what has been being achieved with relatively low Silver current prices.
Silver prices have risen nicely .
Hopefully a far more true market cap value in the future .
Very good to see that such a highly talented & experienced Geo has wanted to join KRM .
Well done to Management .
Hoping 2019 will be a terrific year for all .
________________________________
Kingsrose appoints highly experienced global geologist as a Non-executive Director
Kingrose Mining (ASX: KRM) - is pleased to announce that it has appointed John Carlile, a highly experienced exploration geologist, as a Non-executive Director, effective immediately.
Mr Carlile is a geologist with more than 35 years’ experience in both major and junior resources companies.
He has a proven exploration track record and has played key roles in major discoveries, project acquisitions and the establishment and growth of public companies.
Mr Carlile established and led Newcrest’s presence in Indonesia and the Philippines.
This resulted in the “grass- roots” discovery and development of the Gosowong high-grade epithermal gold-silver vein deposits in Halmahera, Indonesia.
As Chairman of Pearl Energy Ltd, Mr Carlile guided that company through its IPO, to become the first exploration and production oil and gas company to be listed on the main board of the Singapore Stock Exchange. A year later the company was taken over at a market capitalisation of over US$833 million, more than double than at its listing.
Previously as member of BHP-Utah’s World Metals Group, he was involved in evaluation of acquisition and exploration opportunities in a number of countries including Greece, Turkey, Yugoslavia, Morocco, Philippines, Taiwan, Thailand, South Korea and Japan.
He has extensive experience in Indonesia,
has a good command of the language, and has co-authored several geological publications on mineralisation in the volcanic arcs of Indonesia.
Mr Carlile is currently a Non-executive Director of Southern Arc Minerals Inc., a Director and Executive Vice President of Japan Gold Corp. and Principal of JEM Resources Limited.
Kingsrose Chairman Dr Mike Andrews emphasised that John Carlile’s skills and experience would be invaluable to the Company as it ramped up production and exploration at its Way Linggo Project in Indonesia.
“John’s extensive exploration experience, his broad ranging geological skills and knowledge of business and operating in Indonesia will play an important role in helping Kingsrose unlock the full value of its Way Linggo Project,” Dr Andrews said.
Paul Jago, Managing Director +61 8 9381 5588
Paul Armstrong
-ENDS-
For more information please contact: [email protected]
For further information regarding the Company and its projects please visit www.kingsrosemining.com.au
Read Corporate + 61 8 9388 1474
Suite 9, Level 2, 12-14 Thelma Street, West Perth WA 6005 | P (08) 9486 1149 | F (08) 9486 1151 8/150 Hay Street, Subiaco WA 6005 | P (08) 9381 5588 | F (08) 9381 7755 [email protected] | www.kingsrosemining.com.au | ASX: KRM [email protected] | www.kingsrosemining.com.au | ASX: KRM
ABN: 49 112 389 910 ABN: 49 112 389 910
KRM Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
(20min delay)
