Balkan Mining and Minerals Limited announced that highly experienced mining executive Karl Simich has been appointed to the Company's Board as a Director, tasked with a particular focus on strategy, corporate development
and growth. Mr. Simich stepped down as Managing Director of Sandfire Resources at the end of September 2022 after 15 years at the company's helm, having overseen its transformational growth from a junior micro-cap to a successful mid-tier producer with a global footprint. As a Director of Balkan Mining, Mr. Simich will provide input and advice on strategy, corporate and business development and stakeholder relations. Mr. Simich has 36 years experience with publicly listed mining and exploration companies on the ASX, TSX and LSE, most recently as the founder, Managing Director and CEO of Sandfire between 2006 and September 2022. During this time he guided Sandfire through the discovery, financing, development and successful 10-year operation of the highly profitable DeGrussa copper operations in Western Australia. He also oversaw the implementation of Sandfire's international expansion strategy to become a globally significant copper miner, including the $1.865 billion acquisition of the MATSA copper operations in Spain. At the end of his tenure, Sandfire had mining operations and development
projects spanning three continents. Throughout his career, Mr. Simich has overseen the financing and development more than 10 mines in Australia, New Zealand and Africa. These have including base, precious and industrial
metals spanning small to large-scale open pit, underground and alluvial operations.