Austral Gold Announces Resignation of CFO
Austral Gold Announces Resignation of CFO
Sydney, Australia--(Newsfile Corp. - February 27, 2022) - Austral Gold Limited (ASX: AGD) (TSXV:
AGLD) ("
Austral
" or the "
Company
") announces that Jose Bordogna has resigned as Chief Financial
Officer ("CFO") of the Company, effective today, to pursue other opportunities in Australia where he has
relocated with his family. Mr. Bordogna has been a valued and trusted member of Austral's leadership
team for over eight years and he leaves the Company with the Directors' best wishes.
Austral Gold's Chief Executive Officer Stabro Kasaneva said:
"The entire Company and myself
have enjoyed working with Jose. He has made tremendous contributions during his tenure and we wish
to thank him for his tireless work and accomplishments. We wish Jose the best in his future endeavors."
The Company has begun a process to appoint a successor to Mr. Bordogna and a further
announcement will be made in due course.
About Austral Gold
Austral Gold Limited is a growing gold and silver mining, development and exploration company whose
strategy is to expand the life of its cash generating assets in Chile, restart its Casposo mine in Argentina
and build a portfolio of quality assets in Chile, the USA and Argentina organically through a Tier 1 or 2
exploration strategy and via acquisitions and strategic partnerships. Austral owns a 100% interest in the
Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in
Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest
in Ensign Gold which holds the Mercur project in Utah, USA. In addition, Austral owns an attractive
portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the 2021
acquisition of Revelo Resources Corp), a non-controlling interest in Pampa Metals and a 100% interest
in the Pingüino project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture
Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information,
please consult Austral's website at
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.
Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.
For additional information please contact:
David Hwang
Company Secretary
Austral Gold Limited
+61 (2) 9698 5414
Ben Jarvis
Director
Austral Gold Limited
+61 413 150 448
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 a further announcement will be made in due course to appoint a successor to Mr. Bordogna.
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 especially in light of the effects of the
novel coronavirus,, 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 the ASX and 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/115050