Proactive Investors - Run By Investors For Investors

Valor Resources strengthens board to support Berenguela development

Recent drilling success at Berenguela increased the resource by 80%.
board room seats empty
Berenguela has a total resource of 45.9 million tonnes grading 1.27% copper equivalent

Valor Resources Ltd (ASX:VAL) has appointed Dr Nicholas Lindsay as a non-executive director to its board.

Notably, Lindsay’s 30+ years of mining industry experience includes strong exposure to South America.

This will be well utilised as Valor advances its flagship Berenguela Copper-Silver Project in Peru.

READ: Valor Resources secures vote of confidence from largest shareholder

Mark Sumner, chairman, said: “We are delighted to have secured the services of Dr Lindsay, particularly at this stage in project development at Berenguela.

“Nick’s expertise in metallurgy and commercial development of copper and silver projects in South America will bring a massive value add to the Valor team.”
Further to senior roles in Peru, Chile and Argentina, Dr Lindsay has also held positions in the former Soviet Union, South Africa and Australia.

Follow-up drilling to commence

Valor will get an early opportunity to utilise Lindsay’s expertise as the company is expected to begin to commence the follow-up drilling campaign at Berenguela.

Furthermore, Valor expected to update its scoping study and push towards a project feasibility study before the end of financial year.

View full VAL profile View Profile

Valor Resources Ltd Timeline

Related Articles

TGME plant
February 06 2019
A scoping study for Theta Hill released in October 2018 delivered a positive result for the shallow, high-grade gold resource.
November 05 2018
Historical high-grade ore stockpiles present an early cashflow opportunity.
A vessel is loaded up, ready to leave Esperance port with Bald Hill lithium concentrate bound for China
January 17 2019
The merged companies had been equal partners on WA’s Bald Hill spodumene mine.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use