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Ormonde’s new board focused on brining Barruecopardo to production

Ormonde Mining’s Steve Nicol (LON:ORM) says the company’s new management team is focused on delivering the firm’s Barruecopardo tungsten project, growing value of the asset and extending its mine life.

Paul Carroll, recently appointed CFO and non-executive director Jonathan Henry make up the new board following the untimely passing of Kerr Anderson earlier this year.

Speaking to Proactive, Nichol praised the work of the former MD, saying he had left big shoes to fill.

Over the next quarter,  the new new team will focus on placing orders for equipment, agreeing construction contracts, commencing environmental works and advancing land acquisition.

Quick facts: Ormonde Mining plc

Price: 0.553 GBX

AIM:ORM
Market: AIM
Market Cap: £2.61 m
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