Ormonde Mining PLC - Appointment of Non-Executive Director

15 August 2024

Ormonde Mining plc

("Ormonde" or the "Company")

Appointment of Non-Executive Director

Ormonde Mining plc (AQSE: ORM), a natural resources company with investment exposure to exploration assets including gold and copper in Newfoundland and battery metals in Scotland, announces the appointment of Steve Nicol as Non-Executive Director ("NED") with immediate effect.

Mr Nicol is an experienced mining executive with over 35 years' experience in the mining industry, including in operations management, mine evaluation and development and other corporate roles for both listed and private mining companies. He previously spent 13 years as Managing Director and Project Manager of the Spanish-based company that commercialised the Barruecopardo Tungsten mine in Western Spain, in which Ormonde held a 30% stake which was sold for €6 million in 2020.

As Ormonde's Technical Advisor, Mr Nicol has been centrally involved in identifying TRU Precious Metals Corp. (TSXV: TRU, OTCQB: TRUIF) ("TRU") and Peak Nickel Ltd ("PNL") as investment opportunities for Ormonde. On 8 August 2024, it was announced that Mr Nicol had been appointed as Chief Executive Officer of TRU (which is 36.2%-owned and controlled by Ormonde) with responsibility for overseeing the multi-year, partner-funded gold and copper focused exploration programme at the Golden Rose Project in Newfoundland pursuant to the earn-in agreement with Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO) ("Eldorado") announced by TRU on 30 July 2024.  

Brian Timmons, Executive Chair of Ormonde, commented:

"On behalf of the Board, I would like to welcome Steve as a Non-Executive Director. Steve has worked with Ormonde for many years in a technical capacity - both with our legacy assets and our present core assets. Alongside our Geological Consultant, Professor Garth Earls, Steve is playing an active role in developing Ormonde's portfolio and was recently appointed as CEO of TRU following a potentially transformative earn-in transaction with Eldorado. As a representative of Ormonde on the Boards of both TRU and PNL, it makes great sense to also benefit from Steve's expertise in a directorate capacity at Ormonde."

Save as set out below, no further information regarding Stephen John Nicol is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

Mr Nicol (aged 60) has held the following directorships within the past five years:

Mr Nicol does not hold any ordinary shares, options or warrants over ordinary shares in the Company.

Enquiries: 

About Ormonde Mining

Ormonde is a natural resource company which provides its shareholders with exposure to quality and diverse assets across a range of strategic minerals. Ormonde's portfolio includes an initial 36.2% interest in TRU Precious Metals (TSXV: TRU), which is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada, and a minority interest in Peak Nickel Limited, which is advancing exploration on a potentially significant nickel project in Scotland (Ormonde acquired a 20% interest in Peak Nickel in 2023).

TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, a regional-scale 264.25 km² land package including 45 km of strike length along the deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Calibre Mining's Valentine Gold Project and AuMEGA Metals' Cape Ray Gold Project. The Golden Rose Project is currently optioned-out to TSX-listed Eldorado Gold Corporation.

Ormonde's shares are listed on the Aquis Stock Exchange Growth Market under the symbol AQSE: ORM.

For more information, visit the Company's website at www.ormondemining.com. 

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The Directors of the Company accept responsibility for the contents of this announcement.