A.I.S. Resources Welcomes New Director and Fiscal Changes
A.I.S. Resources Limited Welcomes New Leadership
A.I.S. Resources Limited (TSXV: AIS, OTC-PINK: AISSF) recently announced the appointment of Marc Enright-Morin as a director on its Board. His appointment as President and CEO on February 24, 2025, marks a strategic move for the company, aiming to leverage his considerable expertise in capital markets and business development.
New Fiscal Year-End Implementation
In addition to this leadership change, A.I.S. Resources Limited is transitioning its fiscal year-end from December 31 to March 31. This adjustment is designed to align the company’s financial reporting with its affiliates, enhancing the efficiency of compliance and disclosures.
Thanks to this strategic realignment, stakeholders can anticipate the company's annual disclosures, including audited financial statements for the fifteen months ending March 31, 2025. The new timeline anticipates filing these documents in late July 2025, following guidelines established by National Instrument 51-102 – Continuous Disclosure Obligations.
Meet Marc Enright-Morin
Marc Enright-Morin is a distinguished entrepreneur based in Vancouver. With a robust career that began at a boutique merchant bank, he has successfully raised over $300 million for various public and private enterprises through significant partnerships in Europe, Asia, and North America.
Mr. Enright-Morin trifolds more than 20 years of experience within both public and private sectors. His extensive network in the investment banking sphere has facilitated the growth of numerous startups and junior companies. His past positions include roles as CEO, president, and director in multiple publicly traded resource companies, underscoring his operational acumen and leadership skills.
AIS' Prominent Gold Projects in Australia
With the recent surge in gold prices, A.I.S. Resources is intensifying its exploration initiatives. The company holds an impressive portfolio of key gold projects in Australia that hold considerable potential for advancement.
1. Fosterville-Toolleen Gold Project
A.I.S. Resources boasts a 100% interest in the Fosterville-Toolleen Exploration License (EL6001), which spans 28 km² and is located just 10 km east of the renowned Fosterville mine owned by Agnico Eagle. This area has identified promising drill targets with geological features akin to those of the high-grade Fosterville mine.
2. Bright Gold Project
The company holds a 60% stake in the 58 km² Bright Exploration License (EL6194) and has the option to acquire full ownership. A.I.S. is currently evaluating the 2023 drilling results and is preparing to delineate additional high-potential drill targets, reinforcing its exploration strategy.
3. Kingston Gold Project
A.I.S. Resources owns a 100% interest in the Kingston Exploration License (EL6318), a 167 km² area that includes a small-scale mine with a vertical shaft of 50 meters. The company will benefit from 15% of the revenue generated from gold extracted by the vendor during their mining activities outside their prospecting license.
Combined, these three properties cover over 250 km² and are situated in the prolific Lachlan Fold Belt of Central Victoria, commonly termed the 'Golden Triangle.' According to the Geological Survey of Victoria, there remains a potential of up to 75 million ounces of gold yet to be discovered in this biosphere.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly listed company on the TSX Venture Exchange. The company is focused on exploring natural resource opportunities, aiming to unlock value through the acquisition of early-stage projects. A.I.S. is supported by a skilled team of engineers, geologists, and finance professionals, all with a track record of success in capital markets.
On behalf of A.I.S. Resources Limited
Martyn Element
Chairman
Corporate Contact
For further information, please contact:
Martyn Element, Chairman of the Board
T: +1-604-220-6266
E: melement@aisresources.com
Website: www.aisresources.com
Frequently Asked Questions
What recent changes has A.I.S. Resources made in its leadership?
A.I.S. Resources appointed Marc Enright-Morin as a new director and CEO to enhance its strategic growth.
Why is A.I.S. Resources changing its fiscal year-end?
The fiscal year-end is changing to better align financial statements with affiliates and streamline disclosure requirements.
What are some of the key projects of A.I.S. Resources?
A.I.S. Resources has significant gold projects, including Fosterville-Toolleen, Bright, and Kingston, all located in Victoria, Australia.
How does A.I.S. Resources plan to advance its projects?
The company is focusing on exploration efforts, especially with the recent increase in gold prices, and plans to define additional drill targets.
Where can I find more information about A.I.S. Resources?
Additonal information is available on A.I.S. Resources' official website or by contacting their corporate office directly.
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