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RNC Minerals boosts board with appointment of Chad Williams as director

Williams, the chairman and founder of Red Cloud Securities, has extensive experience in mining finance and management

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"Chad is a well-recognized leader in the mining industry, not only with the resounding success of Red Cloud but throughout his career in executive management, investment banking and as a mining analyst," said Paul Andre Huet

RNC Minerals Corp (TSE:RNX), the Western Australia-focused gold miner, has bolstered its board with the appointment of Chad Williams as a director. 

Williams is the chairman and founder of Red Cloud Securities, and has extensive experience in mining finance and management, having previously been CEO at Victoria Gold Corp, the head of mining investment banking at Blackmont Capital Inc and a top-ranked mining analyst at TD Bank and other Canadian brokerage firms, said RNC. 

READ: RNC Minerals adds 310,000 ounces to Beta Hunt in maiden gold reserve

"Chad is a well-recognized leader in the mining industry, not only with the resounding success of Red Cloud but throughout his career in executive management, investment banking and as a mining analyst," said Paul Andre Huet, the chairman and CEO of RNC.

"With our focus now on growing production and reducing costs at our Western Australian gold mining and milling operations, Chad's insights will provide valuable guidance as we work to grow the business to create shareholder value."

Williams added: "RNC's future is bright. The company's two gold mining operations are now performing very well due to the many positive changes made by Paul Huet and his team over the past several months.

"With continued cost improvements and the significant upside remaining at both operations, this promises to be a very exciting year for RNC shareholders."

Beta Hunt boasts a robust gold resource and reserve, which is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions.

Meanwhile, HGO has a substantial historical gold resource and highly prospective land package totaling around 1,800 sq km. The Higginsville facility is a low-cost 1.4 million tonne per annum (Mtpa) processing plant which is fed at capacity from RNC's underground Beta Hunt mine and open-pit Higginsville mine.

Shares eased in Toronto 2.04% to C$0.48.

Contact the author at [email protected]

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