15:58:59 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Rugby Mining Ltd
Symbol RUG
Shares Issued 54,422,500
Close 2016-08-05 C$ 0.40
Market Cap C$ 21,769,000
Recent Sedar+ Documents

Rugby Mining appoints Roberts to board

2016-08-08 07:43 ET - News Release

Mr. Paul Joyce reports

RUGBY MINING WELCOMES MERFYN ROBERTS TO THE BOARD OF DIRECTORS

Rugby Mining Ltd. has appointed Merfyn Roberts to its board of directors.

Mr. Roberts has been a fund manager and investment adviser for more than 35 years with focus on the mining and energy sectors. Notably, Mr. Roberts has served on the Agnico Eagle Mines Ltd. board since 2008, a period of significant growth when the company achieved significance as one of the most successful global gold mining companies. He also serves on the board of Newport Exploration Ltd.

Chairman Bryce Roxburgh stated: "Mr. Roberts will be a welcome addition to the Rugby team. His commercial skills and knowledge of the industry will be important as we grow the company from our superior portfolio of gold and copper exploration projects."

Mr. Roberts is a graduate of Liverpool University (BSc, geology) and Oxford University (MSc, geochemistry), and is a member of the Institute of Chartered Accountants in England and Wales.

Concurrently, the company has granted Mr. Roberts 200,000 stock options at a price of 40 cents for a period of five years. In addition the company has granted 300,000 stock options at a price of 40 cents for a period of five years to employees and consultants.

Project updates

El Poma and Colombian gold projects

The portfolio includes projects in the Lower Cauca and Bucaramanga gold regions of Colombia that are prospective for both epithermal gold and porphyry gold mineralization. Of particular note, the El Poma gold project has been partially tested with 30 drill holes totalling over 14,000 metres. Most holes intersected wide intervals of significant gold mineralization with numerous nearby targets remaining untested. Further technical analysis is being done on the properties prior to initiating a work program over the properties.

Cobrasco and Comita projects, Colombia

Rugby owns 100 per cent of the Cobrasco project, subject to a 1-per-cent net-smelter-return royalty and has an option to earn up to 60 per cent of the adjacent Comita project in western Colombia. Both projects host undrilled large-scale porphyry copper-molybdenum-gold targets which were recognized during a joint German-Colombian government-sponsored exploration program conducted in the mid-1980s. No systematic exploration or drilling have been conducted since that time. The final permit required for Cobrasco drilling is outstanding and further studies are proposed.

The company continues to work closely with the Colombian Mining Association, along with other similar mineral exploration and mining companies, to gain broad public support for a future copper industry in the country. A developed copper industry is believed to be a viable future source for jobs and significant government revenues, similar to neighbouring countries like Chile, Panama and Peru.

Otways copper project, Pilbara, Australia

Rugby has acquired mineral property concession applications over the Otways copper project in the Pilbara, Australia, for a nominal cash consideration and a 2-per-cent NSR. The concession applications cover an area of 118 square kilometres and host the potential for copper (gold) porphyry targets. Timing for the granting is expected within the next 12 months.

Mabuhay gold project, Philippines

An application for an exploration permit (EP) is currently awaiting approval. To minimize expenditures, the project will remain under care and maintenance until the EP is granted.

Paul Joyce, Rugby's president, chief executive officer and a qualified person within the definition of that term in National Instrument 43-101, has verified the technical information that forms the basis for this news release.

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