Ironveld PLC Appointment of Chief Executive Officer ("CEO") (8997V)
06 Diciembre 2019 - 1:00AM
UK Regulatory
TIDMIRON
RNS Number : 8997V
Ironveld PLC
06 December 2019
IRONVELD PLC
("Ironveld" or the "Company")
Appointment of Chief Executive Officer ("CEO")
Ironveld is pleased to announce that Martin Eales is joining the
Company as CEO and will be appointed to the Board of Directors from
16 December 2019. Dr Peter Cox will become Technical Director of
the Company, focusing on technical matters relating to the future
smelting operations and offtake partners.
Martin brings significant industry experience to the role,
having held the position of CEO at London listed Rainbow Rare
Earths Limited from 2014 to 2019, where he oversaw the development
of the company into the only rare earths producer in Africa. Prior
to that, Martin was a Managing Director at RBC Capital Markets with
a strong track record advising natural resource companies on
fundraisings and other corporate transactions.
Giles Clarke, Chairman, commented: "I am very pleased to welcome
Martin to the Company and to the Board of Ironveld. His strong
sector knowledge and experience supporting and leading companies to
deliver their growth plans will be invaluable in guiding Ironveld
through the next phase of its development. On behalf of the Board,
I would like to thank Dr Peter Cox for his enormous contribution
whilst CEO of Ironveld and look forward to working alongside him in
his new role as Technical Director, with the Company continuing to
benefit from his industry experience."
Commenting on his appointment, Martin Eales said: "I am
delighted to be joining Ironveld at this exciting stage for the
Company. I look forward to working alongside the team to drive
forward the strategic direction of the business."
Further information in accordance with the AIM Rules
Martin Wentworth Eales (47) has the following current and
previous directorships:
Current directorships and partnerships Past directorships and partnerships
Barham Wentworth Limited Rainbow Rare Earths Limited
and subsidiaries
There are no further disclosures required under Schedule 2g of
the AIM Rules
For further information, please contact:
Ironveld plc c/o Camarco
Giles Clarke, Chairman +4420 3757 4980
Martin Eales, Chief Executive
finnCap (Nominated Adviser)
Christopher Raggett / Hannah Boros +4420 7220 0500
Camarco
Gordon Poole / Kimberley Taylor / Thayson Pinedo +4420 3757 4980
Notes to Editors:
Ironveld (IRON.LN) is the owner of Mining Rights over
approximately 28 kilometers of outcropping Bushveld magnetite with
a SAMREC compliant ore resource of some 56 million tons of ore
grading 1,12% V2O5 68,6% Fe2O3 and 14,7% TiO2.
The Definitive Feasibility Study published in April 2014
confirms the project's viability to deliver a Vanadium slag product
for which the company has an offtake agreement as well a High
Purity Iron product which commands a premium in the market place
and Titanium slag containing commercial grades of titanium.
Ironveld is an AIM traded company. For further information on
Ironveld please refer to www.ironveld.com.
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END
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