Austral Gold Announces Key Appointments: Chief Operating Officer and VP Technical Services
Austral Gold Announces Key Appointments: Chief
Operating Officer and VP Technical Services
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2017) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ('the
Company" or "Austral") is pleased to announce that Juan Andres Morel, Min.Eng, MBA, has joined the Company as Chief
Operating Officer. Rodrigo Ramirez, Min.Eng, has also been appointed as the Vice President of Technical Services. The
strengthening of the operational team follows the significant growth in the company over the last year.
"The addition of Mr Morel to manage our three operations in Chile (the new Amancaya Mine and existing Guanaco Mine) and
Argentina (the Casposo Mine) is a significant achievement for the Company. Mr Morel has a wealth of executive and operational
experience with top shelf companies such as Antofagasta PLC, CODELCO and Meridian Gold. We expect his leadership and
operational expertise in both open pit and underground operations will be critical as we focus on high margins at our current
operations and look to grow through acquisitions and discovery", said Stabro Kasaneva, CEO of Austral Gold. "The well-
deserved promotion of Mr Ramirez, Mining Engineer, to Vice President of Technical Services solidifies his outstanding
achievements at the Company since its founding in 2009. Rodrigo's successful track record with Antofagasta PLC and Meridian
Gold and his key role in the growth of Austral Gold will help him lead our efforts to continuously improve our operations and look
at other value adding opportunities."
Chief Operating Officer
Juan Andres Morel will assume this newly created role following the rapid expansion of the company from one operation in Chile
to two operations and a new mine in Argentina in less than a year. He is a Senior Mining Executive with more than 25 years of
experience in operations, business development, engineering and management of mining companies and projects. Mr Morel
was most recently Manager of Operations at Antofagasta PLC's Los Pelambres open pit mine in Chile. Prior to that he was
Executive Director for Antofagasta International, leading business development and exploration, CEO of an Antofagasta PLC JV
(Twin Metals- Minnesota) and General Manager of Antofagasta PLC's El Tesoro mine in Chile. He has a Mining Engineering
degree from Universidad de Chile and Executive-MBA from Pontificia Universidad Católica de Chile.
Vice President of Technical Services
Rodrigo Ramirez will assume the new role of VP Technical Services as the company looks to maximize efficiencies across
three operations and seek out growth opportunities. He has been involved with the company since it was founded to
recommission the Guanaco mine. He has led mining and engineering activities since then as well as all reviews and analysis of
the Company's growth activities. He recently led the design and construction of the company's new agitation leach plant at
Guanaco, and prior to joining Austral, had senior operational, planning and execution roles at Antofagasta PLC, and at Meridian
Gold's (acquired by Yamana Gold) world class El Peñon mine. He has a Mining Engineering Degree from the University of Chile.
About Austral Gold
Austral Gold Limited is a growing precious metals mining, development and exploration company building a portfolio of
quality assets in Chile and Argentina. The Company's flagship Guanaco project in Chile is a low-cost gold and silver
producing mine with further exploration upside. Austral commenced open-pit mining operations at Amancaya in 2017.
The
Company also owns 70% and is operator of the underground silver-gold Casposo mine in San Juan, Argentina. With an
experienced local technical team and highly regarded major shareholder, Austral's goal is to continue to strengthen its asset
base through acquisition and discovery. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD), and the
Australian Securities Exchange (ASX: AGD). For more information, please consult the company's website:
www.australgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of Austral Gold Limited:
"Stabro Kasaneva"
CEO
For Further Information Please Contact:
Mike Brown, VP Corporate Development
Canada: +1 604 568 2496
Argentina: + 54 11 4323 7558
Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are
statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and
developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely",
"believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news
release include those concerning the Company's expectation that Mr. Morel's leadership and operational expertise will be critical
as it focuses on high margins and growth, as well as its expectation that Mr. Ramirez' track record will help him lead the
Company's efforts to continuously improve its operations and look at other value adding opportunities.
All of these forward-
looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual
events or results to differ from those expressed or implied, including, without limitation, business integration risks; uncertainty of
production, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory
changes; currency fluctuations, the state of the capital markets, uncertainty in the measurement of mineral reserves and resource
estimates, Austral's ability to attract and retain qualified personnel and management, potential labour unrest, reclamation and
closure requirements for mineral properties; unpredictable risks and hazards related to the development and operation of a mine
or mineral property that are beyond the Company's control, the availability of capital to fund all of the Company's projects and
other risks and uncertainties identified under the heading "Risk Factors" in the Company's continuous disclosure documents
filed on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been
used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking
statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current
expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not
assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or
opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue
reliance on forward-looking statements.
Au
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ABN 30 075 860 472
(ASX
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Suite 203, 80 William St, Sydney NSW 2011 | T +61 2 9380 7233 | F +61 2 8354 0992 |
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www.australgold.com.au