Highlights

- Appointment of Igor Gonzales as COO further strengthens leadership 
- Igor will head Appian's in-house technical team while advising portfolio 
companies 
- Brings 35 years of operational experience with some of the world's leading 
mining companies and a particular focus on Latin America

Appian Capital Advisory LLP ("Appian" or the "Company"), the investment advisor 
to long-term value focused private equity funds that invest solely in mining 
and mining related companies, announces the appointment of Igor Gonzales as the 
Company's Chief Operating Officer ("COO"). 

Igor will manage the Company's technical team working across Appian's 
portfolio, with direct oversight of the firm's operated assets including 
Atlantic Nickel's producing Santa Rita nickel-copper-cobalt project and 
Mineração Vale Verde's copper-gold Serrote project in Brazil, which is 
advancing towards production next year. He will also advise businesses in which 
the Company holds a significant minority interest including Roxgold's assets in 
Burkina Faso and Côte d'Ivoire, Harte Gold's Sugar Zone mine in Canada, and 
Peak Resources' Ngualla rare earth project in Tanzania. 

As COO, Igor will work alongside the portfolio company management teams to 
ensure their businesses reach their full potential. This will include helping 
them develop and implement robust plans for the life of mine, expansions, 
operational improvement, exploration and growth, as well as health and safety 
practices. He will also co-ordinate and participate in due diligence ahead of 
acquisitions by Appian and facilitate technical knowledge sharing across the 
firm. 

Igor has 35 years of mining industry experience and has led operations globally 
with several preeminent companies, with a particular focus on Latin America. 
Prior to joining Appian, Igor was President and CEO of Sierra Metals, a Latin 
America focused precious and base metals producer, and before that was COO at 
Compañíade Minas Buenaventura. He spent 15 years with Barrick Gold, most 
recently as Executive Vice President and COO where he oversaw 28 operations 
globally, and served in various roles with Southern Peru Copper Corporation.

He is a Peruvian citizen, holds Batchelor of Science in Chemical Engineering 
from the University of San Antonio Abad and was a Fulbright Scholar at New 
Mexico Institute of Mining and Technology where he earned a Master of Science 
in Extractive Metallurgy.

Michael W. Scherb, Founder and CEO of Appian, commented: 

"We are delighted that Igor will be joining Appian in the key strategic role as 
our COO, adding significant strength to the executive team. His breadth of deep 
operational and board experience with some of the world's leading mining 
companies, along with his Latin American focus, make him a real asset for the 
business and our portfolio companies. He joins us at a very exciting time. Igor 
will play an important role at our current operations, while helping drive our 
growth – through the expansion of our existing assets and acquisition of new 
ones as Appian remains well placed to navigate the current market conditions."

Igor Gonzales, COO of Appian, commented:

"Appian is a fantastic and well run international business, and I am incredibly 
excited to be joining the executive team. The company is unique in the metals 
and mining sector, applying its long-term investment style, coupled with 
technical expertise, to optimize and de-risk existing assets while also seeking 
new investment opportunities. I look forward to adding value to Appian and our 
portfolio company partners, and am excited to be a part of the Company's next 
phase of growth and development."

About Appian Capital Advisory LLP

Appian Capital Advisory LLP is the investment advisor to long-term value 
focused private equity funds that invest solely in mining and mining related 
companies.

Appian is a leading investment advisor in the metals and mining industry, with 
global experience across South America, North America, Australia and Africa and 
a successful track record of supporting companies to achieve their development 
targets.

Source: Appian Capital Advisory LLP