Dr. Donovan Pienaar reports
LATIN EXPLORE APPOINTS DONOVAN PIENAAR AS PRESIDENT & CHIEF EXECUTIVE OFFICER FORMS ADVISORY BOARD TO ADVANCE SOUTH AMERICAN EXPLORATION STRATEGY
Latin Explore Inc. has appointed Dr. Donovan Pienaar as president and chief executive officer, marking a key transition as the company advances toward drilling at its copper project in Peru and enters its next phase of execution and growth.
Dr. Pienaar is a mining executive and geoscientist with over 15 years of international experience across mineral exploration, project evaluation, mine development and operations. His background spans both technical and corporate development roles, positioning him to lead Latin Explore through its next phase as the company transitions into an execution-focused exploration program in South America.
Prior to joining Latin Explore, Dr. Pienaar led corporate development activities at Silvercorp Metals Inc., where he was responsible for the technical and commercial evaluation of projects across Africa, Latin America and Asia, supporting acquisition and development decisions. Earlier in his career, he held senior geological roles with AngloGold Ashanti and Harmony Gold, leading exploration programs focused on discovery and resource growth.
Dr. Pienaar's combined experience across exploration, project advancement and corporate strategy positions him to lead Latin Explore as it advances toward drilling and evaluating additional growth opportunities.
Dr. Pienaar holds PhD, master of science and bachelor of science (honours) degrees in geology, as well as an MBA.
The company also announces that Mike Basha has stepped down as interim chief executive officer and will continue to support Latin Explore as a member of the company's advisory board.
Keith Henderson, chairman, commented:
"Donovan's appointment marks a transition point for Latin Explore as we move from building the portfolio to executing on it. With drilling at our Para project approaching, his experience across both technical and corporate functions is directly aligned with where we are as a company.
"I would also like to thank Mr. Basha for his leadership during the company's formative stages and for his continued support in an advisory capacity.
"Just as importantly, we've built a team around Donovan with a proven track record of discovery, value creation and capital markets execution, positioning Latin Explore to advance its projects and pursue new growth opportunities."
Advisory board formed to support execution and growth
As part of its transition to active exploration, Latin Explore has established an advisory board to support execution, discovery and growth across its South American portfolio.
The advisory board brings together a proven group of exploration leaders, capital markets professionals and transaction-focused executives with a record of discovery, project generation and value creation.
Mike Basha
Mr. Basha is a professional engineer and geologist with over 35 years of experience in mineral exploration and discovery.
Mr. Basha is the founder and former president and chief executive officer of Aurion Resources Ltd., where Mr. Basha assembled and advanced a district-scale land position in Finland, culminating in the company's acquisition by Agnico Eagle Mines Ltd. for approximately $481-million (Canadian) in cash.
Mr. Basha has a strong record of discovery and value creation, including as co-discoverer of the Hammerdown gold deposit in Newfoundland. Mr. Basha previously served as vice-president, exploration, at Cornerstone Resources Ltd., where Mr. Basha played a key role in establishing the company's position in Ecuador, contributing to its acquisition by SolGold PLC for approximately $120-million (U.S.).
Mr. Basha holds a bachelor of science in geological engineering from University of New Brunswick and a bachelor of science in geology from Memorial University of Newfoundland. He holds dual PEng and PGeo (retired) designations.
Mary Little
Ms. Little is an exploration executive with over 35 years of experience, including more than 20 years working in Latin America.
As founding president and chief executive officer of Mirasol Resources Ltd., Ms. Little built a leading prospect generator, guiding its growth from 2003 to 2014. During this time, Ms. Little completed the sale of the Joaquin silver-gold project in Argentina to Coeur Mining for $60-million (U.S.).
Ms. Little brings deep expertise in project generation and exploration strategy across South America. Prior to Mirasol, Ms. Little held senior roles such as business development and country manager with Cyprus Amax, WMC Ltd. and Newmont Exploration.
Since 2014, Ms. Little has held board roles with several public companies, including Sandstorm Gold Ltd. and Pure Energy Minerals Ltd. At Sandstorm, Ms. Little served during a period of significant growth as the company built a multiasset royalty portfolio and reached a market capitalization exceeding $1-billion (U.S.) and was later acquired by Royal Gold in a transaction valued at approximately $3.5-billion (U.S.).
Ms. Little holds a bachelor of arts in geology from Franklin & Marshall College, a master of science in earth sciences from the University of California, and an MBA from the University of Colorado. Ms. Little is a qualified person under National Instrument 43-101.
Terri Anne Welyki
Ms. Welyki is a capital markets professional with over 15 years of experience working with public and private mining companies across North and South America.
Ms. Welyki is the founder of TAW Consulting Ltd., a firm providing strategic advisory services focused on investor relations, corporate communications and capital markets positioning. Ms. Welyki has held senior roles, including vice-president of communications at Barksdale Resources Corp. and vice-president, corporate development and investor relations, at Calico Resources.
Ms. Welyki's experience spans financing, stakeholder engagement and corporate development, with work across the United States, Peru and Canada. Ms. Welyki currently serves as a corporate communications consultant to U.S. Gold Corp. and capital markets adviser to Latin Metals Inc., and is a director of Stallion Uranium Corp.
Rahul Goel, MBA
Mr. Goel is a mining and capital markets professional with extensive experience across corporate development, commodity trading and transaction structuring in the global resource sector.
Mr. Goel currently serves as senior vice-president, corporate development, at Century Global Commodities Corp., where Mr. Goel is involved in advancing strategic initiatives, including project development, capital markets activities and commercial positioning.
Mr. Goel brings significant international experience across China, Singapore, Vietnam, the Middle East, Europe and Australia. Mr. Goel began his career as a senior trader with the Adani Group (2006 to 2009), trading iron ore, steel and scrap products, and subsequently held senior roles in corporate development and project planning with General Nice Resources and affiliated companies.
Mr. Goel has also held executive and director roles with publicly listed mining companies, including executive director at Cockatoo Island Mining and leadership roles with Pluton Resources, where Mr. Goel was involved in the development of iron ore assets and broader corporate strategy.
Incentive stock options
The company announces that it has granted 500,000 common share stock options to certain directors, officers and consultants of the company. The options entitle the holder to purchase shares at a price of 15 cents per share for a period of 36 months from the grant date. The options were granted in accordance with the company's omnibus share incentive plan.
New website launched
The company has launched a new website, providing updated disclosure on its projects, strategy and upcoming exploration activities as it advances toward drilling.
Qualified person
Eduardo Leon, QP, is the company's qualified person as defined by National Instrument 43-101, and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of the company, as he is an officer of the company and holds securities of the company.
About Latin Explore Inc.
Latin Explore is a copper-gold exploration company focused on advancing high-potential projects in South America through drilling and discovery. The company holds two 100-per-cent-owned copper exploration assets in Peru, including the Para project, a large-scale copper-molybdenum system with defined geophysical and geochemical targets, where initial drilling is being advanced.
The company's strategy is centered on generating and testing high-impact targets through drilling while pursuing additional acquisition opportunities to build a portfolio of scalable copper projects across the region.
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