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Cradle Arc chief operating officer appointed director of business development

Mark Jones will evaluate prospective assets in Africa that complement Cradle Arc's existing portfolio

Cradle Arc
The new role is an "important step in our organic growth strategy", says Cradle Arc

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.

READ: Cradle Arc re-jigs mine plan at Mowana to speed up development

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.

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LSE:CRA
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New mine plan delivering increased production for Cradle Arc Plc

Kevin van Wouw, Chief executive of Cradle Arc Plc (LON:CRA), discusses with Proactive's Andrew Scott the company's operations update and production guidance for 2018. Van Wouw's expecting to achieve project-level operational cash flow break-even at the Mowana copper project this...

on 29/6/18

2 min read