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#GRX GreenX Metals LTD – Change of Director’s Interest Notice x2
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
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Name of entity GreenX Metals Limited |
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ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Benjamin Stoikovich |
|
Date of last notice |
6 December 2021 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Direct or indirect interest |
Direct |
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Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Not applicable |
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Date of change |
7 November 2023 |
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No. of securities held prior to change |
a) 1,492,262 b) 1,500,000 c) 1,500,000 |
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Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$0.45 each on or before 30 November 2025 c) Unlisted incentive options exercisable at A$0.55 each on or before 30 November 2026 |
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Number acquired |
Nil |
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Number disposed |
a) (672,856) b) Nil c) Nil |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$598,842 |
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No. of securities held after change |
a) 819,406 b) 1,500,000 c) 1,500,000
|
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Special crossing trade |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Detail of contract |
Not applicable |
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Nature of interest |
Not applicable |
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Name of registered holder (if issued securities) |
Not applicable |
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Date of change |
Not applicable |
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No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Not applicable |
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Interest acquired |
Not applicable |
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Interest disposed |
Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
Not applicable |
|
Interest after change |
Not applicable |
Part 3 – +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
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If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
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LEI |
213800EHCGNYSCN9T108 |
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Place of transaction |
Australian Securities Exchange (ASX) |
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
|
Name of entity GreenX Metals Limited |
|
ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Mark Pearce |
|
Date of last notice |
4 August 2023 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Direct or indirect interest |
Direct and Indirect |
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
NMLP Family Trust (beneficial interest)Crystal Brook Investments Pty Ltd (beneficial interest) |
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Date of change |
7 November 2023 |
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No. of securities held prior to change
|
a) 3,050,000 b) 500,000 c) 500,000 |
|
Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$0.45 each on or before 30 November 2025 c) Unlisted incentive options exercisable at A$0.55 each on or before 30 November 2026 |
|
Number acquired |
Nil |
|
Number disposed |
a) (200,000) b) Nil c) Nil |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$178,000 |
|
No. of securities held after change |
a) 2,850,000 b) 500,000 c) 500,000 |
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Special crossing trade |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Detail of contract |
Not applicable |
|
Nature of interest |
Not applicable |
|
Name of registered holder (if issued securities) |
Not applicable |
|
Date of change |
Not applicable |
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No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Not applicable |
|
Interest acquired |
Not applicable |
|
Interest disposed |
Not applicable |
|
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
Not applicable |
|
Interest after change |
Not applicable |
Part 3 – +Closed period
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
|
If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
|
LEI |
213800EHCGNYSCN9T108 |
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Place of transaction |
Australian Securities Exchange (ASX) |
#KAV Kavango Resources Plc – DIRECTOR/PDMR SHAREHOLDING
Non Exec Director Peter Wynter-Bee buys 63,250,000 shares at 0.8p and CEO Ben Turney buys 6,250,000 shares at 0.8p
#SVML Sovereign Metals – Key Mgmt Appointments for Development at Kasiya
Highlights
· Appointment of experienced African based mining executive, Mr Frank Eagar, as the new Managing Director and CEO
· Existing Managing Director Dr Julian Stephens to transition to Non-Executive Director
· Key technical appointments of experienced African engineering, social and environmental teams to work on project optimisation and advancing the development of the Kasiya Project
· Management changes bring a strong track record of successful large-scale project development in southern Africa
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce the appointment of Mr Frank Eagar as Managing Director and Chief Executive Officer (CEO), effective from 20 October 2023.
Mr Eagar has over 20 years’ experience in the financing, permitting, development and operation of mining projects with a strong focus in southern Africa.
Mr Eagar is a Chartered Accountant who has gained extensive corporate, commercial and technical experience in the mining sector throughout his career. Mr Eagar has previously held a number of senior executive positions in the resources sector, more recently with African mining focused private equity firm AMED Funds, which included acting as Chief Financial Officer (CFO) for AMED’s controlled company, Central Copper Resources PLC (Central Copper).
Prior to Central Copper, Mr Eagar was the CEO (and prior to that the CFO) of Baobab Steel Limited (Baobab) another AMED controlled company, where he managed the completion of a Definitive Feasibility Study (DFS) and a joint venture with the World Bank’s IFC to procure strategic investors and raise project finance for Baobab’s US$1 Billion, fully permitted, integrated 500ktpa Steel and Vanadium Project in Mozambique.
Mr Eagar joined Sovereign in December 2022 as General Manager in Malawi, where he has already expanded the team with a focus on Malawian nationals, developed strong relationships with Government and demonstrated a clear understanding of the Kasiya Project and its development landscape.
Sovereign has also made several key technical appointments as the Company transitions into project optimisation and development of the Kasiya Project and is poised to become a significant supplier of natural rutile and graphite. These key appointments bring a strong track record of successful large-scale project development and operations management, as well as extensive experience in southern Africa.
These management changes come at an important time for the Company as it transitions from the Pre-Feasibility Study (PFS) into the next phase of project optimisation, community and stakeholder engagements and ultimately the completion of a DFS.
Effective from 20 October 2023 current Managing Director, Dr Julian Stephens, will transition to a Non-Executive Director of Sovereign, remaining as a consultant assisting and supporting the incoming technical and management team.
Dr Stephens has been Managing Director of Sovereign since June 2016 and has been instrumental in the Company’s growth and development. He first identified rutile mineralisation in Malawi and then led the team that discovered Sovereign’s world-class Kasiya rutile-graphite deposit.
The Board would like to take this opportunity to thank Dr Stephens for his significant contribution to the Company and look forward to his continual involvement with Sovereign as the Company continues the development of the Kasiya Project.
Dr Julian Stephens commented: “It has been a privilege to lead Sovereign through the discovery and early study phases and it is now a logical time for leadership transition as the Company continues through the next phases of development. I am extremely proud of the significant achievements our team has accomplished during my time. With the appointment of Frank as MD and CEO, plus the technical team enhancements, I am confident that the Company is in very good hands and in a strong position to establish itself as a globally significant supplier of natural rutile and graphite.”
Incoming Managing Director, Mr Frank Eagar commented: “Securing Rio Tinto as a strategic investor alongside the completion of the high-quality PFS, provides the foundation for what will be an extremely exciting time in the Company’s development story. I am very honoured and look forward to taking on my new role as MD and CEO. The Kasiya Project is multi-generational, has the potential to deliver a valuable, long-term source of low-CO2 critical minerals and generate substantial economic and socio-economic returns.”
Sovereign’s Chairman Ben Stoikovich commented: “Today’s management changes and appointments mark a pivotal step for the Company as it lays the foundation for project optimisation and development. With Rio Tinto’s investment and the release of a world-class PFS, the Company is entering an exciting new phase. I would like to thank outgoing MD, Julian Stephens, who has done a tremendous job in the discovery of Kasiya, a truly once-in-generation deposit, and growing Sovereign to where it is today. The Company is looking forward, in collaboration with Rio Tinto, to conducting the optimisation review, progressing to the Definitive Feasibility Study and delivering the significant potential of Kasiya to all stakeholders.”
Details of Mr Eagar’s remuneration are included in Appendix A.
ENQUIRIES
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Dr Julian Stephens (Perth) +61(8) 9322 6322 |
Sam Cordin (Perth) |
Sapan Ghai (London) |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat Harry Davies-Ball |
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Joint Brokers |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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Tavistock PR |
+44 20 7920 3150 |
Sovereign Metals #SVML – Change of AIM Nominated Adviser
Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM, AIM:SVML) is pleased to announce the appointment of SP Angel Corporate Finance LLP as the Company’s AIM Nominated Adviser and Joint Broker, with effect from 21 June 2023, replacing the Company’s outgoing Nominated Adviser, RFC Ambrian Limited.
Berenberg and Optiva Securities will continue as the Company’s Joint Brokers.
ENQUIRIES
|
Dylan Browne +61(8) 9322 6322 |
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Nominated Adviser on AIM |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat Harry Davies-Ball |
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Joint Brokers |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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Optiva Securities |
+44 20 3137 1902 |
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Daniel Ingram |
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Mariela Jaho |
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Christian Dennis |
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Tavistock PR |
+44 20 7920 3150 |
Seed Capital Solutions #SCSP – Board Changes
Seed Capital Solutions plc (LON: SCSP), a Company formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, is pleased to announce the appointment of Segar Karupiah (“Segar”) as Chief Financial Officer (“CFO”).
Segar Karupiah, aged 64 has over 35 years of experience in financial and accountancy roles, and latterly senior PLC executive roles. After joining the Institute of Chartered Accountants in 1986, Segar held accountancy roles at Automotive & Financial Group Plc and Caledonia Motor Group Plc during the 1990’s. In the early noughties, Segar held operational roles at Lookers Southern Plc, and took up directorship roles at Mobile Gaming Solutions Plc and Danmar Management Ltd, where he remains to this day. Segar will take up his position with immediate effect.
CEO John Zorbas commented: “I pleased to welcome Segar as our new CFO at Seed Capital Solutions. Creating sustainable solutions to societal problems represents a key challenge for every company and every board of directors in today’s corporate world, and this is a factor that investors have become increasingly aware of. I look forward to working with Segar and our Board to identify the very best ESG investment opportunities.”
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Seed Capital Solutions plc | Tel: +44 (0)1535 647 479 | |||
| Chairman Damion Greef
Brand Communications |
Tel: +44 (0) 7976 431608 |
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| Public & Investor Relations | ||||
| Alan Green
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ABOUT SEED CAPITAL SOLUTIONS PLC
Seed Capital Solutions Plc (LON: SCSP) has been formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance and increased investor appetite.
#POW Power Metal Resources PLC – Appointment of Non-Executive Director
Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces the appointment of Bill Brodie Good as a Non-executive Director of the Company with immediate effect.
Bill has over 30 years experience in global exploration and project management with extensive work in geological and project management in Australia, Francophone West and Central Africa, the Middle East and Central Asia.
Bill’s most recent role was as CEO and Technical Director of AIM listed Alien Metals in which he made the significant discovery of a DSO Iron Ore resource amongst other achievements with the company.
Bill’s experience has extensively involved the design, planning and implementation of new and grass roots exploration programmes with an emphasis on in country logistics planning, government liaison, people management and project delivery on time and in budget.
In addition to his role as a Non-executive Director, Bill will also provide consulting services to Power Metal directly at the project level.
Sean Wade, Chief Executive Officer of Power Metal Resources commented:
“I am delighted to welcome Bill to the Power Metal team and very much look forward to working with him as we seek to continue the development of our business.
We are very fortunate to have someone with Bill’s experience and technical skills to assist with project development across the Company.
Our business model is based on selective project acquisition, adding value through exploration and corporate advancement and crystallisation to unlock the inherent value in our portfolio. Bill’s expertise along with that of the rest of the board and our first class management team will ensure that that continues to happen.”
Regulatory Disclosures:
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Douglas William Brodie Good, aged 61:
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Current directorships and/or partnerships: |
Former directorships and/or partnerships (within the last five years):
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KBG Consultants Limited |
Alien Metals Limited Mineral Exploration Services Ltd SRK Exploration Services Limited SRK Exploration Services Nominee Company Limited |
Mr Brodie Good does not hold any shares in Power Metal.
Mr Brodie Good has confirmed there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM rules.
As part of Mr Brodie Good’s employment contract Mr Brodie Good has been issued with Power Metal share options, namely, 5 million options to subscribe for new Power Metal ordinary shares of 0.1p each at an exercise price of 3.25 pence with a life to expiry of 3 years from today (the “Director Options”). The Director Options are subject to a minimum service period of 6 months and may not be exercised until the volume weighted average price of Power Metal shares trades at 5.0 pence for ten consecutive trading days.
PDMR Disclosure
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director’s share dealing.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Bill Brodie Good
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2
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Reason for the notification
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a)
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Position/status
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Non-executive Director
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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||||
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a)
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Name
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Power Metal Resources Plc
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|||
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b)
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LEI
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213800VNXOUPHTX53686 |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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||||
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a)
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Description of the financial instrument, type of instrument |
ordinary shares of 0.1p each |
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Identification code |
ISIN: GB00BYWJZ743 |
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b)
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Nature of the transaction
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Issue of Options
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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3.25p
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5,000,000
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||||
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d)
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Aggregated information |
||||
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– Aggregated volume |
5,000,000 |
||||
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– Price |
3.25p |
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e)
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Date of the transaction
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5 May 2023 |
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f)
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Place of the transaction
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Off Market |
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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Sean Wade (Chief Executive Officer) |
+44 (0) 7766 465 617 |
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SP Angel Corporate Finance (Nomad and Joint Broker) |
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Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
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SI Capital Limited (Joint Broker) |
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Nick Emerson |
+44 (0) 1483 413 500 |
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First Equity Limited (Joint Broker) |
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David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
Kavango Resources #KAV – Director Dealing
The Company announces that it was notified on 3 October 2022 that Ben Turney (CEO) and Brett Grist (COO), Directors / Persons Discharging Managerial Responsibility (‘PDMRs’) have each purchased in the region of £15,000 worth of the Company’s Ordinary Shares of £0.001 each (“Ordinary Shares”).
The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail on the transactions.
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1
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Details of PDMR / person closely associated with them
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a)
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Name
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Ben Turney
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer |
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|||
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Kavango Resources PLC |
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b)
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LEI
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2138007PZJFATXWUTS29 |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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||||
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of £0.001 each |
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|||
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||||||
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Identification code |
ISIN: GB00BF0VMV24 |
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||||
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b)
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Nature of the transaction
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Acquisition of shares via nominee dealing account. |
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c)
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Price(s) and volume(s) |
|||||
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Price(s) GBPX |
Volume(s) |
|||||
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1.70 1.70 1.6349 |
20,245 150,000 750,000 |
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d)
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Aggregated information -Aggregated Volume -Price
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920,245 1.65 |
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|||
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||||||
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e)
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Date of the transaction
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3 October 2022 |
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|||
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f)
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Place of the transaction
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London Stock Exchange (XLON) |
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1
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Details of PDMR / person closely associated with them
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a)
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Name
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Brett Grist |
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2
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Reason for the notification
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||||
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a)
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Position/status
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Chief Operating Officer |
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|||
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b)
|
Initial notification /Amendment
|
Initial Notification |
|
|||
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
||||
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a)
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Name
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Kavango Resources PLC |
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|||
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b)
|
LEI
|
2138007PZJFATXWUTS29 |
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|||
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|
||||
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a)
|
Description of the financial instrument, type of instrument |
Ordinary shares of £0.001 each |
|
|||
|
|
||||||
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Identification code |
ISIN: GB00BF0VMV24 |
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||||
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|
||||||
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b)
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Nature of the transaction
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Acquisition of shares via nominee dealing account. |
|
|||
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c)
|
Price(s) and volume(s) |
|||||
|
Price(s) GBPX |
Volume(s) |
|||||
|
1.63 |
920,245 |
|||||
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d)
|
Aggregated information -Aggregated Volume -Price
|
n/a – single transaction |
|
|||
|
|
||||||
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e)
|
Date of the transaction
|
3 October 2022 |
|
|||
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f)
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Place of the transaction
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London Stock Exchange (XLON) |
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|||
First Class Metals #FCM – Appointment of Director to Canadian Subsidiary
First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo land holding is pleased to announce it has appointed Mr Carlos Espinosa to the board of its 100% owned subsidiary First Class Metals Canada Inc (“FCMC Inc”).
Carlos is a mining executive with over 30 years of experience within Canadian capital markets, international business development and commercial banking. Recognized for his leadership and long-term business relationships with C-level executives, government officials, and clients globally.
Mr. Espinosa earned an MBA from Kellogg School of Management at North-western University and a Bachelor of Business Administration at UNAM – “Universidad Nacional Autónoma de Mexico”.
He is currently, CEO at RooGold Inc. (CSE: ROO) an exploration mining company with gold and silver assets in Australia, and Director at Monarca Minerals, Inc. (TSXV: MMN), former CFO of Fredonia Mining, Inc. (TSXV: FRED), former Director of Silver X Mining (TSXV: AGX), former advisor of Mineros SA (TSX: MSA), and former Head of Business Development, Global Mining at the TSX and TSXV.
James Knowles, Executive Chairman commented “The FCM Board is very pleased to appoint Mr Carlos Espinosa to the Board of our Canadian subsidiary FCMC Inc. Carlos brings a wealth of knowledge and contacts within the Canadian mining industry. We are confident these skills will allow us to grow and develop our corporate profile in Canada, creating a wider awareness of the company in the country that we hold our extensive asset base.”
#KAV Kavango Resources – Director Retirement
Kavango Resources plc (LSE:KAV) (“Kavango”) announces that Mike Moles, a Non-executive Director of the Company and one of its founders, has decided to retire from the board with effect from 31 August 2022. He will continue as a consultant to the Company until 28 February 2023.
Mike Moles commented “Hillary Gumbo and I established Kavango Minerals in 2017, and we floated Kavango Resources PLC on the London Stock Exchange in 2018. I am delighted with the progress that we have been able to make over that time, particularly in our two major projects, in the Kalahari Copper Belt and the Kalahari Suture Zone. The independent support which our work on the KSZ received in the reports on the 2021/22 drill programme which the Company published on 18 August 2022 was particularly pleasing. As a substantial shareholder in the Company, I shall look forward to further positive news on our projects over the coming months and years.”
David Smith, Chairman of Kavango, said “Mike has had a long and distinguished career in the mining industry and Kavango has been lucky to benefit from his experience for many years. His influence on the Company and its projects has been profound and will continue to be felt for some time. We are fortunate that we will continue to have access to Mike’s advice for a further six months, and we wish him well in his retirement.”
———————————————————————–
Further information in respect of the Company and its business interests is provided on the Company’s website atwww.kavangoresources.com and on Twitter at #KAV.
For additional information please contact:
Kavango Resources plc
Ben Turney
bturney @kavangoresources.com
+46 7697 406 06
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson
Kavango Resources #KAV – Director Retirement
Director Retirement
Kavango Resources plc (LSE:KAV) (“Kavango”) announces that Mike Moles, a Non-executive Director of the Company and one of its founders, has decided to retire from the board with effect from 31 August 2022. He will continue as a consultant to the Company until 28 February 2023.
Mike Moles commented “Hillary Gumbo and I established Kavango Minerals in…., and we floated Kavango Resources PLC on the London Stock Exchange in 2028. I am delighted with the progress that we have been able to make over that time, particularly in our two major projects, in the Kalahari Copper Belt and the Kalahari Suture Zone. The independent support which our work on the KSZ received in the reports on the 2021/22 drill programme which the Company published on 18 August 2022 was particularly pleasing. As a substantial shareholder in the Company, I shall look forward to further positive news on our projects over the coming months and years.”
David Smith, Chairman of Kavango, said “Mike has had a long and distinguished career in the mining industry and Kavango has been lucky to benefit from his experience for many years. His influence on the Company and its projects has been profound and will continue to be felt for some time. We are fortunate that we will continue to have access to Mike’s advice for a further six months, and we wish him well in his retirement.”