REG - Jubilee Metals Group - Board changes

Jubilee MetalsAnnouncement

31/10/2024 07:00

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RNS Number : 2901K  Jubilee Metals Group PLC  31 October 2024

Jubilee Metals Group PLC

Registration number (4459850)

AIM share code: JLP

Altx share code: JBL

ISIN: GB0031852162

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

 

Board changes

 

Jubilee Metals is pleased to announce the appointment of Jonathan (Jonny)
Morley-Kirk as Board Director. Additionally, the Company confirms the
appointment of Dr Reuel Khoza as a Board Director, following the announcement
made on 19 September 2024. Both appointments are effective immediately.

Jonathan has also been appointed as the interim Finance Director of the
Company, effective immediately, until a new Group CFO is appointed. At that
time, Jonathan will transition to a non-executive role on the Jubilee Board.
He will be largely based at the South African and Zambian offices of Jubilee.
During this interim phase, Jonathan will support the Board, particularly the
CEO, in engaging with shareholders and advancing the implementation of
decentralised executive boards for the Company's operations in Zambia and
South Africa, in alignment with the enhanced governance structures.

Jonathan qualified as a Chartered Accountant in 1986 and held directorial
positions at Samuel Montagu & Co and SG Warburg Securities in London
before moving to Jersey in 1995. Jonathan has over 30 years' experience in
senior finance roles in public and private companies, mainly focused on
natural resources in developing economies, including CFO roles at Longreach
Oil & Gas Ltd (TSX-listed) and Jersey Oil & Gas (E&P) Ltd (before
its sale to AIM-listed Trap Oil plc).

He is currently a non-executive director of Clean Tech Lithium PLC, Bluebird
Mining Ventures Limited and Amala Foods PLC, as well as at a number of
investment companies and investment funds.  Jonathan has previously served as
a non-executive director of various listed companies, including Cardinal
Resources PLC and East Siberian PLC. He has also acted as interim CFO at a
number of private and public companies and has extensive experience managing
multi-jurisdiction projects, different teams and governance environments, as
well as investor relations.

Leon Coetzer, CEO of Jubilee commented:

"I am delighted that both Reuel and Jonathan have joined our Board, and
particularly pleased that we can tap into Jonathan's extensive executive
experience of financial leadership within rapidly growing, listed resource
companies, during his role as Jubilee's interim Finance Director."

 

Regulatory disclosures

Jonathan Morley-Kirk

The following details in relation to the appointment of Jonathan (Jonny)
Charles Rowell Morley-Kirk, aged 63, are disclosed in accordance with Schedule
2(g) of the AIM Rules for Companies:

 Current directorships         Former directorships within the past five years
 Amala Foods PLC               Fox Davies Capital Holdings Jersey Limited
 Bluebird Mining Ventures Ltd  Fox Davies Capital (DIFC) Ltd
 Clean Tech Lithium PLC        Kalahari Opportunities Limited
 Northglen Opportunities Fund  BlueGold Jersey Limited
 Cal FX 20 Fund                Global Biotechnology Transfer Foundation Limited
 Slater Feeder Fund            National Aquaculture Centre Ltd
 IVAPPS UK PLC                 British Honey Company PLC
 IVAPPS Jersey Limited         Ocana Enterprises Ltd
 L & J limited                 Tarragona Assets Ltd
 Lorton Media Fund             Edistil Limited

 

Dr Reuel Khoza

The following details in relation to the appointment of Dr Reuel Jethro Khoza,
aged 74, are disclosed in accordance with Schedule 2(g) of the AIM Rules for
Companies:

 Current directorships                                         Former directorships within the past five years
 Acorn City Development Partners                               Assupol Holdings Limited
 AKA Capital (Pty) Ltd                                         Assupol Life Limited
 AKA Liquid Fuels (Pty) Ltd                                    Cedar Isle Auto
 Angels View Graskop Hotel                                     Eglin Investments No 30
 Centre of Excellence in Financial Services                    Eglin Investments No 31
 Coromining Pty Ltd                                            Eglin Investments No 34
 Discovery Bank                                                Engage Entertainment
 Discovery Bank Holdings                                       Engage Entertainment Holdings
 Dzana Investments                                             Khomani Koeltehius Joint Venture
 Dzana Property Investment Holdings                            Revego Africa Energy
 Dzana SPV (RF)                                                Sam Nzima Foundation
 Era Stene (Pty) Ltd
 Great Apple Trade 9
 Hlayisani Capital (Pty) Ltd
 Hlayisani Fund Managers
 Hlayisani Growth Fund GP
 Hlayisani Growth Fund Investment Company
 Hlayisani Growth Fund Performance GP
 Hlayisani Growth Fund SPV 1
 Hoyohoyo Hotels and Resorts
 Imbali Safari Lodge
 Khocha Capital
 Khozeni Farming Operations (Pty) Ltd
 Khusel'indalo South Africa NPC T/A Conservation South Africa
 Main Street 57 (Pty) Ltd
 Mpumalanga Partners in Agri Land Solutions
 Ntwanana Investments
 Okani Schools of Excellence
 Parmtro Investments No. 65
 Platinum Hospitality Holdings
 R J Khoza Family Trust (trustee)
 Rainier Investments
 Skukuza Airport Management Company
 The Ethics Institute
 Vezubuntu Investments CC
 Wheatfields Investments No. 230 (Pty) Ltd
 Wisani Investments (Pty) Ltd
 Protea Hotels Empowerment Initiative

 

 

ENDS

31 October 2024

For further information visit www.jubileemetalsgroup.com
(http://www.jubileemetalsgroup.com/)  , follow Jubilee on Twitter
(@Jubilee_Metals) or contact below:

Jubilee Metals Group PLC

Leon Coetzer (CEO)/Jonny Morley-Kirk (FD)

Tel: +27 (0) 11 465 1913 / Tel: +44 (0) 7797 775544

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/James Keeshan

Tel: +44 (0) 20 3368 3555

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway

Tel: +44 (0) 207 920 3150

Joint Broker - RBC Capital Markets

Farid Dadashev/Jamil Miah

Tel +44 (0) 20 7653 4000

Joint Broker - Zeus Capital

Harry Ansell/Katy Mitchell

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

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

Alison McLaren

Tel: +27 63 482 3802

 

About Jubilee

 

Jubilee is a low-cost, diversified producer, specialising in the recovery and
processing of metals from previously overlooked resources, such as unprocessed
historical waste rock, run-of-mine materials and tailings in Zambia and South
Africa. The Company's low-capex, modular processing facilities are deployed
close to these various types of material, producing high-grade concentrates
for sale or further refining to finished metal at the Company's downstream
facilities. Production currently consists of copper, chrome, and platinum
group metals (PGMs). The modular processing facilities offer a platform for
growth and the rapid expansion of Jubilee's operational footprint in Zambia
and South Africa. Jubilee's success is derived from operational and technical
excellence, an experienced management team and a pioneering Technical
Development Centre.

 

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