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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.

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