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 AIM RULE 26 COMPLIANCE
Company Overview Herencia Resources plc is a mineral exploration and development company listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange with a primary focus on identifying resource opportunities in South America. The Company has a number of highly prospective zinc-lead-silver and copper-gold projects in northern Chile. Herencia aims to develop this existing asset portfolio as well as identify further project areas to generate future value for the Company.
Drilling was initially undertaken at Paguanta in December 2006 with assays confirming a significant, multi-veined mineralised zone. Eight out of ten holes drilled into the ‘Patricia’ target intersected mineralisation with four of these holes returning higher grade zinc, silver and lead assays. Highest individual grades of 15.75% Zn, 447pm Ag and 5.58% lead were returned (over 1m samples). Subsequent surface rock chip sampling has extended the zone of anomalous mineralisation to the east by approximately 300m with best results of 1515 and 1075 g/t Ag. An extensive follow-up program comprising over 5,000 of RC drilling was completed in June 2007 and was the basis for the companies maiden Inferered Mineral Resource statement being published in October 2007. In 2008 the company is undertaking a 10,000m diamond and RC drilling program aimed at extending/upgrading the 'Patricia' resource and testing the 'La Rosa' porphyry-copper target. The goal is to update the resource statement and complete a scoping study during 2H2008. The projects are strategically positioned in a stable political environment in good proximity to infrastructure, mining services, ports, transport, and water. Michael Bohm Mike's responsibilities incorporate oversight of all activies in relation to the companies operational activities and representation on JV and subsiduary company boards. In additional to his chairmanship, John's responsibilites at Herencia also include membership of the audit committee. John's responsibilites also include Chairmanship of the audit committee. William Adamson Bill Adamson has a Bachelor of Engineering (Mining) from the Western Australian School of Mines, a Master of Engineering Science from the University of Queensland and a Doctor of Philosophy (Blasting Engineering) from the University of Queensland (JKMRC). Mr Adamson is currently General Manager at Austin Chile trading Limited and Senior Technical Manager at Austin Powder Inc, companies who supply explosive products and blasting technology to the mining sector. Bill has 16 years experience in the South American Resources Industry. He previously worked in Chile for the explosive company Dyno Nobel and the engineering firm Signet and has lived with his family in Santiago for 12 of the last 16 years. He is a fluent Spanish speaker. Bill's responsibilites include assisting the Company with local activities within Chile, including representation on subsiduary Chilean companies. James Sinclair Jim Sinclair has a dual Honours Degree in Geology and Physical Geography from the Sheffield University and a Masters Degree in Sedimentology from Reading University. Prior to joining Herencia Jim was Country Manager with AngloGold Ashanti in Mongolia and was responsible for all exploration activities including personnel management, safety, budgeting, contractors, technical programmes, project generation activities and government/NGO liaison. Before that Jim was based in Australia with Anglo, being responsible for exploration and drilling activities in the Northern Territory and was involved with the discovery of the Coyote gold deposit. Nominated Adviser WH Ireland Limited Registrars Capita Registrars Telephone +44 0871 664 0300 Principal Bankers ANZ Bank The Board of Herencia Resources plc has established the following committee: Audit Committee The committee is made up of two Non-executive Directors - John Russell (Committee Chairman) and the Hon. John Moore AO. The Audit Committee is responsible for reviewing the Company's arrangements with its external auditors, including reviewing the independence and objectivity of the auditors. The Committee also reviews the appropriateness and application of the Company's accounting policies, including any changes to financial reporting requirements. The Committee reviews the major financial announcements made by the Company including its interim and preliminary announcements and annual report and accounts. CONSTITUTION Herencia Resources plc was incorporated in the UK in 2005 and its main country of operation is the Chile, South America. Click here to view AIM releases page Click here to view Financial reports page The Company has 607,399,999 shares on issue. There are no restrictions on the transfer of any of the shares on issue. As far as the Company is aware the percentage of issued shares not in the hands of the public is 46.56% comprising shares held by substantial shareholders (>10%) and directors. Details of other significant shareholders (>3%) and other major shareholders can be viewed here |
