Cradle Arc Inc (LON:CRA) chief operating officer Mark Jones will become the director of business development, focusing on seeking growth opportunities similar to the Mowana copper mine in Botswana.
The base and precious metals explorer said Jones will evaluate prospective assets in Africa that complement the company’s existing portfolio.
The Africa-focused group said chief executive Kevin van Wouw has taken operational responsibilities at Mowana as it “enters into a phase of significant growth” through the implementation of the DMS project, subject to securing requisite financing.
"As a company, we continue to evaluate new opportunities, and Mark's adoption of this new role represents an important step in our organic growth strategy,” said van Wouw.
“We are very grateful for Mark's input into the Mining Planning and Management of the maiden mining reserve estimate at Mowana, facilitating our accelerated development plan."
The company also announced that the exercise period of 35,668,420 new warrants to be issued has been extended by six months to 20 February 2020.