Georgian Mining Corporation – Board Change

17 January 2018

Georgian Mining Corporation is pleased to announce the appointment of Mr Michael Struthers (Chief Operating Officer) to the Board of the Company with immediate effect. Mr Struthers is a Chartered Engineer with over 37 years of international mining experience.  He replaces Mr Martyn Churchouse, who is stepping down as Exploration Director but will continue to work on behalf of the Company as a senior adviser focussed on business development.


The Board change reflects progress made at the 860 sq km licence located on the Tethyan Belt in Georgia. While exploration work continues at the Kvemo Bolnisi East Project (‘KB’ or the ‘Project’) to deliver the overall copper-gold resource target, management is in the final stages of negotiations with its joint venture partner on the project to advance the gold oxide deposit to production, utilising its partner’s neighbouring processing facilities.  The appointment to the Board of Mr Struthers, an experienced project manager, will assist the Company as it makes the transition from explorer to mine developer/producer over the coming year.


As detailed in the announcement of 21 December 2017, Mr Struthers has a proven track record in mine development and management having worked as a project manager with leading global mining companies such as Lundin Mining Corporation, and on mines at various stages of development including at feasibility, construction and mine expansion phases.


Georgian Mining Corp Managing Director Greg Kuenzel said, “I would like to thank Martyn for his contribution as Exploration Director, specifically in helping put together the epithermal copper gold mineralisation model we have now adopted at KB as well as the consequent maiden resource which is now the focus for mine development and production by the JV.  With his first-class track record in mine construction and optimisation, I am confident Mr Struthers’ expertise will enable GEO to transform into a development company whilst continuing to create value through continued exploration at KB and the rest of the JV licence block.  This is an important milestone as we look to establish KB as a world class copper-gold asset on the prolific Tethyan Belt.”


Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.


For further information please visit  or contact:


Greg Kuenzel Georgian Mining Corporation Company Tel: 020 7907 9327
Ewan Leggat S. P. Angel Corporate Finance LLP Nomad & Broker Tel: 020 3470 0470
Soltan Tagiev S. P. Angel Corporate Finance LLP Nomad & Broker Tel: 020 3470 0470
Damon Heath Shard Capital Partners LLP Joint Broker Tel: 0207 186 9950
Frank Buhagiar St Brides Partners Ltd PR Tel: 020 7236 1177
Susie Geliher St Brides Partners Ltd PR Tel: 020 7236 1177




Michael Anthony Struthers, aged 58, currently holds or has held the following directorships and partnerships in the last five years:

Current Directorships Past Directorships
MS&A Consulting Limited


This announcement sets out all of the disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.



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