Meridian Announces Appointment of New Independent Director
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Meridian Announces Appointment of New Independent Director
LONDON, United Kingdom, October 10, 2023 / Accesswire / Meridian Mining UK S (TSX: MNO) (OTCQX:
MRRDF) (Frankfurt/Tradegate: 2MM) (“Meridian” or the “Company”) is pleased to announce the
appointment of Mr. Neil Gregson as a new independent director to the Board of Directors (the “Board”),
with immediate effect.
Mr. Gregson has over 30 years' experience of investing in mining and oil and gas companies. From 2010
to 2020 he was a Managing Director at J.P. Morgan Asset Management where, as a member of the equity
team, he was a portfolio manager investing in mining and energy companies globally. Prior to that, from
1990 to 2009 he was Head of Emerging Ma rkets and Related Sector Funds (including natural resource
funds) at Credit Suisse Asset Management. Mr. Gregson previously held various positions at mining
companies, including a role as a mining investment analyst at Gold Fields of South Africa. Mr. Gregson
has a BSc (Hons) Mining Engineering from Nottingham University. He became an associate of the Institute
of Investment Management and Research of London in 1994. He holds a Diploma in Business Management
from Damelin College, Johannesburg (1988) and a Mine Managers Certificate of Competency, South Africa
(1985). Mr. Gregson, who is based in the UK, is also a director of Atalaya Mining Plc and Uranium Royalty
Corp.
Ms. Susanne Sesselmann , Interim Independent Chair of the Board of Directors of the Company,
comments: “The Board and Management of Meridian is delighted to welcome Mr. Neil Gregson in its Team
as new Independent Director. Neil’ s background as a mining engineer, in combination with his broad
experience in financing and managing natural resources projects worldwide will strongly contribute to the
further development of Meridian’s flagship Cabaçal and its exploration assets, whilst at the same time
strengthening Meridian’s visibility at the European investor markets”.
The Company also announces that effective October 6 , 2023, the Company’s ISIN has changed to
GB00BR3SVZ18. Concurrently, the Company's CUSIP has also changed to G60187 138. The change is due
to the Company's 2017 change in jurisdiction from the Netherlands to United Kingdom, which resulted in
the Company 's previous ISIN and CUSIP numbers issued by the Netherlands recently becoming
inactive. There is no change in the Company's name, trading symbol or share capital.
ABOUT MERIDIAN
Meridian Mining UK S is focused on:
• The development and exploration of the advanced stage Cabaçal VMS gold‐copper project;
• Regional scale exploration of the Cabaçal VMS belt;
• Exploration in the Jaurú & Araputanga Greenstone belts (the above all located in the State of
Mato Grosso, Brazil); and
• Advancing the portfolio of exploration projects in the State of Rondônia, Brazil.
Cabaçal is a gold ‐copper‐silver rich VMS deposit with the potential to be a standalone mine within the
50km VMS belt. Cabaçal’s base and precious metal ‐rich mineralization is hosted by volcanogenic type,
massive, semi‐massive, stringer, and disseminated sulphides within deformed metavolcanic‐sedimentary
rocks. A later‐stage gold overprint event has emplaced high‐grade gold mineralization.
The Cabaçal Mineral Resource estimate consists of Indicated resources o f 52.9 million tonnes at 0.6g/t
gold, 0.3% copper and 1.4g/t silver and Inferred resources of 10.3 million tonnes at 0.7g/t gold, 0.2%
copper & 1.1g/t silver (at a 0.3 g/t gold equivalent cut ‐off grade), including a higher ‐grade near‐surface
zone supporting a starter pit.
The Preliminary Economic Assessment technical report (the “PEA Technical Report”) dated March 30,
2023, entitled: "Cabaçal Gold ‐Copper Project NI 43 ‐101 Technical Report and Preliminary Economic
Assessment, Mato Grosso, Brazil” outlines a base case after ‐tax NPV5 of USD 573 million and 58.4% IRR
from a pre ‐production capital cost of USD 180 million, leading to capital repayment in 10.6 months
(assuming metals price scenario of USD 1,650 per ounces of gold, USD 3.59 per pound of copper, and USD
21.35 per ounce of silver). Cabaçal has a low All‐in‐Sustaining‐Cost of USD 671 per ounce gold equivalent
for the first five years, driven by high metallurgical recovery, a low life ‐of‐mine strip ratio of 2.1:1, and
the low operating cost environment of Brazil (see press release dated March 6, 2023).
Readers are encouraged to read the PEA Technical Report in its entirety. The PEA Technical Report may
be found on the Company's website at www.meridianmining.co and under the Company's profile on
SEDAR+ at https://www.sedarplus.ca.
The qualified persons for the PEA Technical Report are: Robert Raponi (P. Eng), Principal Metallurgist with
Ausenco Engineering), Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco
Engineering), Simon Tear (PGeo, EurGeol), Princi pal Geological Consultant of H&SC, Marcelo Batelochi,
(MAusIMM, CP Geo), Geological Consultant of MB Geologia Ltda, Joseph Keane (Mineral Processing
Engineer; P.E), of SGS, and Guilherme Gomides Ferreira (Mine Engineer MAIG) of GE21 Consultoria
Mineral.
On behalf of the Board of Directors of Meridian Mining UK S
Ms. Susanne Sesselmann
Interim Chairwoman
Meridian Mining UK S
Email: [email protected]
Ph: +1 (778) 715‐6410 (PST)
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Further information can be found at: www.meridianmining.co
Qualified Person
Mr. Erich Marques, B.Sc., MAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by
National Instrument 43‐101, has reviewed, and verified the technical information in this news release.
FORWARD‐LOOKING STATEMENTS
Some statements in this news release contain forward‐looking information or forward‐looking statements
for the purposes of applicable securities laws. These statements address future events and conditions and
so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in Meridian's
most recent Annual Information Form filed on https://www.sedarplus.ca/ While these factors and
assumptions are considered reasonable by Meridian, in light of management’s experience and perception
of current conditions and expected developments, Meridian can give no assurance that such expectations
will prove to be correct. Any forward ‐looking statement speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, Meridian disclaims any intent or obligation
to update any forward ‐looking statement, whether as a result of new information, future events, or
results or otherwise.