Ring's copper exploration firm makes London debut
NIALL Ring, a former Fianna Fail councillor in Dublin who now serves as an independent, is one of three men bringing a new copper exploration company to London's PLUS market this morning.
Mr Ring is finance director of Dublin-headquartered mining and exploration firm Teknomining, while exploration company veteran Michael Holden is managing director and Liam McGrattan is chairman.
The group owns two exploration licences over areas in the Turkish province of Diyarbakir in eastern Anatolia.
The group's main focus is copper, chromium and iron ore deposits within these licence areas. The exploration licences were originally issued in 2008 and were acquired by Teknomining Ltd in January. They expire in 2011 but can then be extended for a further two years.
The group's short-term strategy and work programme is to complete further exploration and test drilling to confirm the location and level of reserves in the two licence areas and prepare geological reports.
The company was set up by Michael Holden, an engineer with links to Turkey, and Liam McGrattan, a director of three companies listed on PLUS -- a five-year London-based exchange for 7,500 companies. Those companies are Great Western Mining Corporation Plc, US Oil and Gas Plc and Captive Audience Display Solutions Plc. Mr Holden is also managing director of Wilhan Ltd, an international private investment company.