19 January 2023
Scotgold Resources Limited (AIM:SGZ)
("Scotgold" or the "Company")
Results of 2022 Annual General Meeting
The Company confirms that all resolutions put to shareholders at the Annual General Meeting held today, were carried by way of a Poll.
The Company received valid proxies representing 52.44% of the total number of shares in the Company with voting rights as set out below.
| Resolution | For | % of received | Against | % of received | Open Usable | % of received | Abstain | % of received |
| 1: Adoption of the FY 2022 Annual Financial Report
| 31,291,836 | 100% | 0 | 0% | 0 | 0% | 0 | 0% |
| 2: Election of Director - Sean Duffy
| 31,291,079 | 100.00% | 757 | 0.00% | 0 | 0% | 0 | 0% |
| 3: Election of Director - Evan Spencer
| 31,290,640 | 100.00% | 1,196 | 0.00% | 0 | 0% | 0 | 0% |
| 4: Re-election of Director - Ian Proctor
| 31,290,640 | 100.00% | 1,196 | 0.00% | 0 | 0% | 0 | 0% |
**ENDS**
For further information please contact:
| Scotgold Resources Limited
Chief Executive Officer
Phil Day | Shore Capital
Nomad and Broker
Toby Gibbs / John More
| Celicourt Communications
Financial PR
Felicity Winkles
|
|
| Tel +44 (0) 20 7408 4090 | Tel +44 (0) 208 434 2643 Tel +44 (0) 774 8843 871 |
Notes
Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial gold producer. The Company poured first gold in November 2020 at its Cononish Gold and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a +23,500-ounce gold mine per annum. Cononish is a high-grade underground mining operation with a central processing plant producing gold concentrate for off-take and gold doré for the Scottish Jewellery industry. The mine has anticipated forecast operating costs of c.£610 per ounce in Q4 2023, which will place Cononish in the lowest quartile of gold mining operations globally.
It is Scotgold's vision to build a mid-tier gold mining company in Scotland with multiple operations in the country that enhance the local environment and economy in ways that have an enduring positive impact.
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