Crusader Resources Directorate Change (7413F)
31 October 2018 - 12:07AM
UK Regulatory
TIDMCAS
RNS Number : 7413F
Crusader Resources
30 October 2018
30 October 2018
Crusader Resources Limited
("Company" or "Crusader")
Directorate Change
Crusader Resources Limited (ASX: CAS, AIM: CAS) ("Crusader" or
the "Company"), announces that Paul Stephen, Executive Director
will be stepping down from the Board and his executive position,
with effect from 30 January 2019.
Mr Stephen has been an executive director since November 2009
and the Company wishes to thank him for his support and
contribution over that time.
Andrew Vickerman, Chairman, said: "I would like to extend our
appreciation to Paul for his long service and commitment to the
Company. We wish him the best of luck in his future endeavours when
he leaves Crusader at the end of January."
For further information, please contact:
Mr. Andrew Beigel Investor Relations
CFO/Company Secretary Office (Aus): +61 8 9320 7500
Office (Aus): +61 8 9320 7500 Email: admin@crusaderresources.com
Email: andrew@crusaderresources.com
Smith & Williamson Corporate Camarco
Finance Limited
Nominated Adviser Financial PR
Azhic Basirov / Katy Birkin Gordon Poole / Nick Hennis
/ Ben Jeynes / Monique Perks
+44(0)20 3757 4997 / +44(0)20
+44(0)207 131 4000 3781 8330
About Crusader
Crusader Resources Limited (ASX:CAS, AIM:CAS) is a minerals
exploration and development company listed on the Australian
Securities Exchange and the AIM Market of the London Stock
Exchange. Its major focus is Brazil; a country Crusader believes is
vastly underexplored and which offers high potential for the
discovery of world class mineral deposits.
Crusader has two key gold assets:
Borborema Gold Project
The Borborema Gold Project is in the Serido area of the
Borborema province in north-eastern Brazil. It is 100% owned by
Crusader and consists of three mining leases covering a total area
of 29 km(2) including freehold title over the main prospect
area.
The Borborema Gold Project benefits from a favourable taxation
regime, existing on-site facilities and excellent infrastructure
such as buildings, grid power, water, sealed roads and is close to
major cities and regional centres. The project's Ore Reserve
includes Proven and Probable Ore Reserves of 1.61Moz of mineable
gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut-offs for oxide
& fresh). The measured, indicated and inferred Mineral Resource
Estimate of 2.43Moz @ 1.10g/t gold, remains open in all
directions.
Juruena Gold Project
The Juruena Gold Project is located in the highly prospective
Juruena-Alta Floresta Gold Belt, which stretches east-west for
>400km and has historically produced more than 7Moz of gold from
40 known gold deposits. Historically there is a database of more
than 30,000 meters of drilling and extensive geological data.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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