Capital Metals PLC Appointment of Technical Manager (6732I)
16 Agosto 2021 - 1:00AM
UK Regulatory
TIDMCMET
RNS Number : 6732I
Capital Metals PLC
16 August 2021
16 August 2021
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Capital Metals plc
("CMET" or the "Company")
Appointment of Technical Manager
Capital Metals plc (AIM:CMET), a natural resources company
focused on the development of the Eastern Minerals Project in Sri
Lanka ("the Project"), one of the highest-grade mineral sands'
projects globally, is pleased to announce the appointment of
Richard Stockwell as Technical Manager .
Richard Stockwell is a seasoned technical mining expert having
worked in the minerals sands industry for over 20 years. His
expertise covers mineral exploration, resource development and mine
planning.
Richard will be a key part of the Company's senior management
team and his initial duties include overseeing the following:
i) Development Study which will provide an updated understanding
of the technical scope and economics of the Project prior to its
full commercial development.
ii) Project Exploration Strategy with the aim to increase the
overall resource and target high value areas.
Richard spent over 13 years with ASX-listed Iluka Resources
Limited, one of the world's largest mineral sands companies, based
in Perth, Western Australia. At Iluka, Richard held a variety of
roles and was a responsible Competent Person (CP) under the JORC
reporting guidelines, for reporting of mineral resources for much
of this time. Prior to commencement as an independent consultant,
Richard's role at Iluka was Manager Exploration, Western Australia.
The role included a number of technical and innovative exploration
studies of particular relevance to CMET's longer-term strategy.
In 2013, Richard commenced his own consultancy business within
the mineral sands sector acting in mentoring, management and CP
roles for a number of global ASX-listed and private minerals sands
companies.
Michael Frayne, CEO, commented:
"We are very pleased to welcome Richard Stockwell to Capital
Metals. Richard has a wealth of experience in the mineral sands
industry and is a strong addition to our senior management
team.
His guidance in mineral exploration, resource development and
mine planning will be invaluable as the Company finalises the
environmental and licensing permits for the Project and moves
towards development and production."
Richard has been engaged through his consulting company, Placer
Consulting Pty Ltd ("Placer"), with a meaningful incentive linked
to project milestones, in order to align interests with
shareholders.
Placer will be issued 1,500,000 options exercisable at 12p,
valid for 4 years with the following vesting milestones:
500,000 after 3 months' engagement
500,000 options after 25% tonnage increase of current
resource
500,000 options after first production
For further information, please visit www.capitalmetals.com or
contact:
Capital Metals plc
Michael Frayne (CEO) +44 (0) 20 7317 6800
SPARK Advisory Partners (Nominated
Adviser)
Neil Baldwin / James Keeshan +44 (0) 20 3368 3554
WH Ireland Limited (Joint Broker)
Harry Ansell / Katy Mitchell +44 (0) 20 7220 1666
Brandon Hill Capital Limited
(Broker)
Jonathan Evans/Oliver Stansfield +44 (0) 20 3463 5000
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