EuroPacific Metals Announces Leadership Reshuffle and Strategic Board Appointment

CEO Karim Rayani Takes on Expanded Role as Executive Chairman; Dr. Wazir Khan Joins Board to Bolster Technical Expertise Amid Ongoing Exploration Successes

EuroPacific Metals Inc. (TSXV) (OTCQB) has recently announced pivotal changes in its leadership structure as the company continues to expand its operations across Portugal’s Iberian Peninsula. In a significant move, Mr. Karim Rayani, who has been leading the company as Chief Executive Officer and Director since October 17, 2023, has been appointed Executive Chairman of the Board. This dual role will see Rayani not only maintaining his responsibilities as CEO but also taking on the strategic duties of Executive Chair, a position previously held by Catalin Kilofliski.

The Board expressed its heartfelt appreciation for Kilofliski’s instrumental role in the establishment of EuroPacific, acknowledging his contributions with gratitude and wishing him well in his future endeavors. Rayani, in turn, praised Kilofliski for the progress made under his leadership and looked forward to steering the company toward new heights in his expanded role.

As part of the leadership transition, EuroPacific is also strengthening its technical team with the appointment of Dr. Wazir Khan to its Board of Directors. Dr. Khan is a seasoned exploration geologist with over three decades of experience working across various metallogenic districts. His expertise spans early-stage greenfield exploration to advanced feasibility studies, making him a valuable addition to EuroPacific’s strategic goals.

Dr. Khan’s academic credentials are impressive, with a Ph.D. in economic geology and igneous petrology from the University of Iowa, an M.Phil. in mineralogy from the University of Baluchistan, and an M.Sc. in mineralogy/petrology from the University of Peshawar. His career highlights include early exploration work at the Reko Dig Cu-Au porphyry deposit in Pakistan and discoveries of chromite, nickel, platinum, palladium, and zinc deposits in Ontario’s Ring of Fire.

Karim Rayani emphasized that Dr. Khan’s appointment would significantly enhance the company’s technical capabilities, especially as EuroPacific looks to expand its project portfolio in Portugal. “Dr. Khan’s extensive experience in exploration and project development is invaluable as we move forward with our ambitious plans,” Rayani stated, underscoring the strategic importance of this new addition to the Board.

In tandem with these leadership changes, EuroPacific provided an update on its ongoing exploration activities at the Miguel Vacas copper deposit. The company has completed 11 drill holes totaling 1,410 meters, with promising results. Most of these holes intercepted a substantial quartz-breccia zone, with thicknesses varying from approximately 5 meters to over 30 meters. A notable 350-meter undercut hole was also drilled beyond the initial plan, expanding the exploration scope.

The results from eight of the eleven holes have confirmed the presence of the breccia zone over a 1.1 km strike length, with the zone remaining open to both the north and south. This confirmation not only validates the company’s exploration strategy but also highlights the potential for further expansion and resource development in the region.

With these strategic leadership appointments and ongoing exploration successes, EuroPacific Metals is well-positioned to advance its operations and create significant value for its shareholders as it continues to explore and develop its mineral assets in Portugal and beyond.

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