REG - Critical Metals PLC - Appointment of Non-Executive Director

Critical MetalsAnnouncement

11/03/2024 07:00

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RNS Number : 2498G  Critical Metals PLC  11 March 2024

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

 

 

11 March 2024

 

Critical Metals plc

 

("Critical Metals" or the "Company")

 

Appointment of Non-Executive Director

 

Critical Metals plc, a mining company established to acquire mining
opportunities in the critical and strategic metals sector, currently
developing the Molulu copper cobalt mine in the Democratic Republic of Congo
("DRC"), is pleased to announce the appointment of Mr. Gordon Thompson to the
board as Non-Executive Director and Chair of the Technical committee as of 1
April 2024.

 

Mr. Thompson brings a wealth of experience and expertise to Critical Metals,
with a career spanning over 30 years in both leadership and advisory roles in
the mining and exploration industry. He has demonstrated proficiency in
overseeing mine operations and executing growth strategies across key mining
jurisdictions such as Western Australia, West Africa, Southern Africa, Mali,
DRC, and Brazil.

 

Mr. Thompson is the Chief Operating Officer at Copper 360, an emerging
powerhouse in copper mining and processing based in the Northern Cape South
Africa, and as a Non-Executive Director at Contango Holdings Plc. His
extensive industry experience and engineering background, including several
years in technical consultancy and strategic planning, as well as direct
technical and commercial work experience in mechanized surface (open cut) and
shallow to ultra-deep underground mining operations, will be an invaluable
asset to Critical Metals.

 

Mr. Thompson's previous management roles in the mining industry include Chief
Operations Officer of Tiger Resources Limited, Chief Executive Officer of
Taurus Gold Limited (BVI), and Chief Operations Officer of Central African
Mining & Exploration Co. Plc. During the Covid-19 pandemic, Mr. Thompson
set up and became a Technical Consultant at Gordon Thompson Inc., a Mining
Investment consultant advising mid-tier investment funds seeking mining
opportunities in West Africa.

 

 

Russell Fryer, CEO of Critical Metals said: "We are delighted to welcome
Gordon as the Chair of our Technical Committee and newest member of the Board
of Critical Metals. His deep understanding of the copper mining industry, and
exceptional technical prowess and engineering background bring a wealth of
knowledge that will undoubtedly enrich our decision-making processes.
Moreover, his extensive experience in the DRC at the CAMEC, Kipoi, and Chemaf
operations coupled with his track record of delivering results, will greatly
strengthen our future strategic capabilities both in the DRC and regionally.

 

Furthermore, Gordon has already visited the Molulu mine and has an early
understanding of the first actions that need to begin in order to maximise its
potential."

 

 

Mr Thompson currently holds the following Directorships:

 

 Current Directorships    Former Directorships and/or partnerships (within the last five years)
 Non-Executive Director

 Contango Holdings

 

***ENDS ***

 

For further information contact:  

 

 Critcial Metals plc             Tel: +44 (0)20 7236 1177

 Russell Fryer, CEO

 St Brides Partners Limited      Tel: +44 (0)20 7236 1177

 Financial PR

 Ana Ribeiro / Isabelle Morris

 

Notes to Editors

 

About Critical Metals

Critical Metals PLC has acquired a controlling 100% stake in Madini Occidental
Limited, which holds an indirect 70% interest in the Molulu copper/cobalt
project, an ex-producing medium-scale asset in the Katangan Copperbelt in the
Democratic Republic of Congo. In line with its investment strategy of focusing
primarily on known deposits, targeting projects with low entry costs and the
potential to generate short-term cash flow; the Company intends to produce
120,000t/per annum of Copper Oxide Ore. 

The Company will continue to identify future assets that are in line with its
stated acquisition objective of low CAPEX and OPEX projects with near-term
production, concentrating on minerals that are perceived to have strategic
importance to future economic growth and generate significant value for
shareholders. 

 

 

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