Board Changes

RNS Number : 5017U

Tungsten West PLC

28 March 2023

 

28 March 2023

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

Board Changes

Tungsten West (LON:TUN), the mining company focussed on restarting production at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon in the UK, announces that, following his appointment as CEO, announced 13 March, Neil Gawthorpe has been appointed to the Board as an Executive Director.

David Cather, Chairman of Tungsten West, commented: "On behalf of the Board and the Company, it is a pleasure to welcome Neil to the Executive team. Having someone with Neil's operational and industry experience as part of the Senior Management and Director teams will be an invaluable asset to the Company during this pivotal time.

"I remain confident that we can successfully restart the Hemerdon Mine and deliver long-term value for all stakeholders."

Further Information

Neil holds a Bachelor of Engineering (Hons) in Mineral Engineering from the University of Leeds and has enjoyed a successful career in the mining industry, spanning almost 30 years, working in various roles, both operationally and as a consultant across multiple jurisdictions. Most recently Neil held the role of Senior Vice President ("SVP") Business Development at Allied Gold, where he was responsible for the due diligence on potential mergers and acquisitions, as well as leading transitional management and integration at newly acquired assets. Neil was heavily involved in the integration of the company's flagship Sadiola operation in Mali, following its purchase from AngloGold Ashanti/IAMGOLD in late-2020. He played a key role in embedding the new management team and mining contractor, culminating in an on-time and budget restart of mining. He also provided similar support during the integration of the company's multiple operations in Cote D'Ivoire.

Neil also spent nine years as part of the executive team at Sierra Rutile Limited, taking a struggling operation and transforming it into becoming the world's largest rutile producer. After completion of several major expansion projects, the asset was sold in December 2016 for more than US$400 million.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.

AIM Rules for Companies, Schedule 2(g) Disclosures

As required by Schedule 2(g) of the AIM Rules for Companies, the Company confirms that Mr Neil Gawthorpe , aged 50, currently holds or has held the following directorships and partnerships in the last five years:

Current Directorships	Past Directorships (in the last five years)
	Ongopolo Mining Ltd
	Weatherly Mining Namibia Ltd

Mr Gawthorpe does not hold any ordinary shares or options in the Company.

Other than as provided in this announcement, no other disclosures in relation to Mr Neil Gawthorpe are required under Rule 17 and schedule 2 (g) of the AIM Rules for Companies.

Enquiries

Tungsten West Neil Gawthorpe/ Nigel Widdowson Tel: [phone]	Strand Hanson (Nominated Adviser and Financial Adviser) James Spinney / James Dance / Abigail Wennington Tel: [phone]
BlytheRay (Financial PR) Tim Blythe / Megan Ray Tel: [phone] Email:  [e-mail]	VSA Capital Limited (Financial Adviser and Joint Broker) Andrew Raca / Andrew Monk [phone] Hannam & Partners (Joint Broker) Andrew Chubb / Matt Hasson / Jay Ashfield [phone]

Follow us on twitter @TungstenWest

Ends

 

END

 

 

BOAUWSAROBUOUAR