Ormonde Mining plc is a natural resource focused company with interests in Spain.
Following the completion of a recent disposal and receipt of €6 million in cash consideration, Ormonde is set to grow its business through project generation, joint ventures and / or acquisitions of resource projects that align with its strategy and is currently considering a number of initiatives it believes can deliver value to stakeholders.
In addition, Ormonde holds a number of Spanish assets including: a joint venture participation in a portfolio of exploration licences in western Spain, prospective for gold; new gold permit applications in another area of western Spain; and its interests related to the La Zarza copper-gold project in the Iberian Pyrite Belt. The Company is assessing options to maximise value for shareholders from these assets over the medium term.
Ormonde is committed to the responsible development of resource projects and the creation of value for our shareholders, employees and host communities.
Ormonde’s shares are traded on the Alternative Investment Market in London and Euronext Growth market in Dublin. The Company’s headquarters are in the Republic of Ireland.
Business Development
Following the receipt of €6 million in cash consideration from a disposal completed in February 2020, Ormonde is well-positioned to grow its business through project generation, joint ventures and / or acquisitions of resource projects that align with its strategy, which is to primarily target quality natural resource projects in commodities with a positive market outlook.
On 16 September 2020, Ormonde reported that, following an extensive review of a wide range of resource projects, the Company has entered into an exclusivity agreement in relation to a potential acquisition of a resource project with due diligence ongoing.
Our Management Team
Management resigned on 30 September 2021 and will complete their duties on 31 December 2021.
Jonathan Henry
Temporary Managing Director
Jonathan has over 25 years of experience as a mining executive, including leadership of public companies involved in exploration, feasibility studies, mine development, mine asset acquisitions and disposals. He is currently the non-executive chairman of TSX Venture Exchange listed Giyani Metals Corp, and previous roles include President and Chief Executive Officer of Gabriel Resources Ltd and Finance Director and Chief Executive Officer of Avocet Mining PLC.
Paul Carroll
CFO and Company Secretary
Paul is an experienced Chartered Certified Accountant with 10 years of experience in the mining sector in the areas of corporate development, finance and investor relations. In his initial role as Ormonde’s Corporate Development Manager, Paul played a lead role in discussions and negotiations in relation to the USD100 million financing of the Barruecopardo Project and was subsequently appointed to the role of CFO in 2015. Prior to joining Ormonde, Paul gained wide ranging corporate experience in CFO/Financial Controller roles including within the digital media, food & beverage and financial services sectors.
Fraser Gardiner
COO
Fraser is a geologist with 23 years of experience in the mineral exploration and mining industry. After starting his career on gold discovery programmes and resource delineation projects in Bulgaria, Fraser worked for Ormonde from 2002-2010 and was a director of the Company from 2005-2010. Fraser then spent three years as Exploration Manager in Saudi Arabia for Barrick Gold Corporation and two years as Exploration Manager in Laos for a private mining business, prior to re-joining Ormonde as Chief Operating Officer in August 2017.
Board of Directors
Brian Timmons
Non-Executive ChairmanBrian is a Fellow of the Association of Chartered Certified Accountants, with over 30 years of
Brendan McMorrow
Non-Executive DirectorBrendan has over 25 years' experience in oil & gas and base metals mining public companies listed in
Keith O’Donnell
Non-Executive DirectorKeith is a banker with 30 years' experience in cross border investment and corporate advisory roles.