Board Change

RNS Number : 1542P

FinnAust Mining PLC

04 June 2015

 

FinnAust Mining plc / EPIC: FAM / Market: AIM / Sector: Mining

4 June 2015

FinnAust Mining plc ("FinnAust" or the "Company")

Board Change

FinnAust Mining plc, the AIM listed exploration company with a multi-project copper, zinc and nickel portfolio in Finland and Austria, announces that Alastair Clayton, the Executive Director of the Company, has resigned effective immediately from the Board of Directors and from his employment with the Company. The Board is grateful for Alastair's contributions and wishes him well.

**ENDS**

For further information please visit www.finnaust.com or contact:

Greg Kuenzel	FinnAust Mining plc	+ 44(0) 20 3326 1729
Graham Marshall	FinnAust Mining plc
Ewan Leggat Katy Birkin	SP Angel Corporate Finance LLP SP Angel Corporate Finance LLP	[phone]
Elisabeth Cowell	St Brides Partners Ltd	[phone]
Charlotte Heap	St Brides Partners Ltd

Notes

FinnAust Mining plc is an AIM listed exploration company focused on copper and base metals in Finland and Austria.  Its proven management team, with its track record of exploring, discovering, financing, constructing and safely operating mines globally, has established a portfolio of highly prospective projects at various stages of development.  Finland is rated the number one mining destination worldwide in the Fraser Institute Global Mining Survey Results 2012/2013.

The Company's primary focus of exploration is a portfolio of assets in Finland.  Three high-priority target areas have already been identified, Hammaslahti, Outokumpu and Enonkoski, which are prospective for Volcanogenic Massive Sulphide ('VMS'), high-grade magmatic sulphide nickel-copper and Outokumpu type copper deposits.  The assets are located in one of the world's most prolific geological belts, which hosts multiple high grade mines including the world famous Outokumpu copper mine, which reportedly produced a total of approximately 34.4 million tonnes of ore at average grades of 3.6% copper, 1.2% zinc, 0.22% cobalt and 0.1% nickel between 1914 and 1988.

FinnAust also holds an 80% interest in the previously producing 33 km sq Mitterberg Copper Project in Austria, which the Company is currently evaluating in order to determine the best plan for future development. 

 

END

 

 

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