REG - Jubilee Metals Group - Appointment of CFO and Head of Energy Metals

Jubilee MetalsAnnouncement

14/08/2023 07:00

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RNS Number : 1446J  Jubilee Metals Group PLC  14 August 2023

Jubilee Metals Group PLC

Registration number (4459850)

Registration number: JBL

Registration number: JLP

ISIN: GB0031852162

("Jubilee" or "the Company" or "the Group")

 

 

Appointment of Chief Financial Officer

New Strategic and Operational Executive Team

 

 

Jubilee Metals Group Plc, a leader in metals processing with operations in
Africa (AIM: JLP/Altx: JBL), is pleased to announce the expansion of its
executive leadership team in support of its growth strategy with the
appointment of Neal Reynolds as Chief Financial Officer (CFO) effective
October 1, 2023, as well as Ricus Grimbeek who will be leading Jubilee's
expansion drive into energy metals with a specific focus on the roll-out of
the Company's Zambian Copper Strategy.

Neal is a Chartered Accountant (South Africa) with a postgraduate
qualification in Leadership Development.  Neal holds more than 14 years of
experience in mostly African focused mining and metals operations.  He was
most recently Chief Operational Officer at Chemaf, an established copper and
cobalt producer in the Democratic Republic of the Congo. He began his career
at Deloitte & Touche and in 2009 moved to Pan African Resources Plc.  In
2019, he was appointed CFO of Mopani Copper Mines and later became CFO of
Glencore Copper Africa.

Pedja Kovacevic, the current acting CFO, will continue in his role as Chief of
Strategy and Advisory once Neal has joined the Company.

Ricus is a Mining Engineer and has more than 30 years of experience in the
mining industry holding various executive management and technical roles with
global mining houses. He has managed numerous operations and the
implementation of projects, across various mining jurisdictions. He is also a
board member of Makor Resources which focuses on the formalisation of small
scale and artisanal miners in Africa.

Expanded Executive Management Team

In addition to the appointment of the CFO, Jubilee has expanded its executive
and senior leadership to coincide with the expansion of the Company's
operations and strategic focus.

The new structure entails the formation of a Strategic Executive Committee,
comprising five members including Leon Coetzer the Chief Executive Officer,
along with the Chief of Operations, Chief of Strategy and Advisory, Chief of
Energy Metals, and the CFO.

Reporting to them will be an Operational Executive Committee, made up of the
various country heads, the heads of technical, projects, human resources, as
well as finance.

 

Leon Coetzer, CEO, commented:

 

"I am pleased to welcome Neal to this important role at Jubilee and look
forward to working closely with him as we continue to build capacity and grow
our footprint in Zambia and investigate new opportunities in South Africa. As
an accomplished mining executive with over 14 years of experience, we are
delighted to have attracted someone of his calibre.

 

"Additionally, I am delighted to welcome Ricus to the Jubilee Metals team and
believe that, with more than 30 years of experience in various management and
technical roles, he will make an invaluable contribution to the team and will
assist in achieving our goal of rapid growth and expansion specifically in
Zambia.

 

"I am equally pleased to be announcing the new executive structure within the
Group which I am confident provides the organisational capacity to support our
ambitious growth strategy, both in South Africa and Zambia."

 

14 August 2023

 

For further information visit www.jubileemetalsgroup.com
(http://www.jubileemetalsgroup.com/)   or contact:

 

Jubilee Metals Group Plc

Leon Coetzer

Tel:  +27 (0) 11 465 1913

 

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway

Tel: +44 (0) 207 920 3150

 

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/ James Keeshan

Tel: +44 (0) 20 3368 3555

 

Joint Broker - Berenberg

Matthew Armitt/ Jennifer Lee/ Detlir Elezi

Tel +44 (0) 20 3207 7800

 

Joint Broker - WHIreland

Harry Ansell/ Katy Mitchell

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

 

Joint Broker - Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Tel +44 (0) 20 7186 9900

 

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

 Alison McLaren

Tel: +27 (11) 011 9212

 

 

 

 

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