REG - Critical Metals PLC - Appointment of DRC Project Field Manager

Critical MetalsAnnouncement

13/10/2022 09:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221013:nRSM7971Ca&default-theme=true

RNS Number : 7971C  Critical Metals PLC  13 October 2022

 

 

 

Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End
Investments

 

 

13 October 2022

Critical Metals plc

("Critical Metals" or the "Company")

 

Appointment of DRC Project Field Manager

 

 

Critical Metals plc, a mining company established to acquire mining
opportunities in the critical and strategic metals sector, currently
developing an ex-producing copper cobalt mine in the Democratic Republic of
Congo ("DRC"), is pleased to announce the appointment of Lloyd Kirtley, as DRC
Project Field Manager with immediate effect.

Mr. Kirtley is a highly experienced geologist with over 40 years' experience
in mining and mineral exploration including a recent role in the DRC. Mr.
Kirtley started his career with companies associated with Anglo American
Corporation and went on to spend 25 years in various roles there, across
several jurisdictions in different capacities from mining and geologist roles
to management roles, the last role with them being Field Office Manager of
Anglogold Exploration Tanzania Limited (now AngloGold Ashanti Limited), at the
time the world's largest mining company.

Mr. Kirtley has since held roles in a number of African based exploration and
production companies, including Uramin Inc., as Field Manager with projects in
South Africa, Namibia and Central African Republic, Niger Uranium with
projects in Niger, and more recently Kore Potash Plc where Mr. Kirtley was
Site and Field Manager of the project in Congo-Brazzaville. At Kore Potash
Plc, Lloyd was responsible for overseeing and constructing their exploration
camp as well as being involved in the management thereof, which included all
the logistical needs of everything on site including overseeing drilling and
seismic programmes. Lloyd's most recent role was with Pasofino Gold Limited, a
Canadian based mineral exploration company with a project in Southern Liberia,
again as Logistics and Field Manager.

At Critical Metals, Mr. Kirtley's role will be to support all activities at
the Molulu Project, including all environmental and social assessments, all
start-up mining activities, camp management (including infrastructure
upgrades), and critically the logistics for the delivery of materials to local
smelters for processing and/or selling channels for copper and cobalt
production.

Russell Fryer, CEO of Critical Metals, commented: "I am delighted to welcome
Lloyd to the Critical Metals team so swiftly after the completion of our
acquisition of the Molulu Project in DRC. His experience with working in the
field in many African countries will be invaluable as we quickly move this
ex-producing copper/cobalt asset, in a highly prospective region, into
production in Q4 2022, which is intended to generate the cash flow required to
fund future expansion and operations.

"Having been on the ground at the Molulu Project in recent days with my fellow
directors and management team, work is underway to repair the mine roads and
remobilise the camp and with Lloyd now on the team, I look forward to proving
shareholders with regular updates as we move towards bringing the Molulu
Project into production and proving its resource potential."

**ENDS**

 

 

For further information on the Company please visit www.criticalmetals.co.uk
(http://www.criticalmetals.co.uk) or contact:

 

 Russell Fryer                                  Critical Metals plc                           Tel: +44 (0)20 7236 1177

 Rory Murphy / James Bellman                    Strand Hanson Limited                         Tel: +44 (0)20 7409 3494

                                                Financial Adviser

 Lucy Williams /                                Peterhouse Capital Limited, Corporate Broker  Tel: +44 (0)20 7469 0936

 Heena Karani                                                                                 Tel: +44 (0)20 7469 0933

 Catherine Leftley/Ana Ribeiro/Isabelle Morris  St Brides Partners Ltd,                       Tel: +44 (0)20 7236 1177

                                                Financial PR

Notes to Editors

 

About Critical Metals

Critical Metals was formed as an investment company and intends to make equity
investments into operators or near-term production operators within the
natural resources development and production sector in the continent of
Africa. It is envisaged that such acquisition or acquisitions will trigger a
reverse takeover in accordance with the listing rules. The Company intends to
search initially for acquisition opportunities in the natural resources sector
on known deposits and more specifically minerals that are perceived to have
strategic importance to future economic growth. Commodities such as antimony,
beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin,
tungsten, titanium, and vanadium have been identified by several governments
as "critical minerals" and so guaranteeing supplies is seen as a strategic
necessity. The Company therefore believes that the market conditions for these
minerals will remain strong in the short-to-long term.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCMJBPTMTTBMMT