Staff Changes

Kore Potash

23/12/2022 07:00

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RNS Number : 6843K  Kore Potash PLC  23 December 2022

23 December 2022

 

Kore Potash Plc

("Kore Potash" or "the Company")

 

Staff Changes

 

Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), the potash development company with
97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin,
located in the Republic of Congo announces changes to the key management
personnel of the Company.

 

With Kore Potash in the process of finalising the Engineering, Procurement and
Construction ("EPC") contract for the Kola potash project ("Kola") the Company
has commenced reviewing management requirements for the construction phase of
Kola.

 

Having successfully completed the capital optimisation study and negotiated
the key terms for an EPC contract for Kola, the Company's current Chief
Operating Officer ("COO"), Gavin Chamberlain, who has served as COO since
September 2017, will conclude his employment with Kore Potash at the end of
January 2023 to take up a role located closer to his home base. Gavin leaves
within the Company highly experienced engineering capability to progress the
development of the Company's potash projects.

 

Mr Brad Sampson the CEO of Kore Potash said "The board of directors ("Board")
and management team of Kore Potash commend Gavin for his commitment and
valuable contribution to the Company for the last 5 years. We wish Gavin every
success in his next role."

 

Mr Ryan Leland, who has been the Project Director for Kola since 2017,
continues in this role and will report directly to the Chief Executive
Officer, Mr Brad Sampson, with immediate effect.

 

Mr Sampson said, "Ryan has more than 5 years' experience working on the design
of Kola as the Project Director and has extensive Canadian potash experience.
He is ideally positioned to continue to provide the project leadership that is
required through completion of the EPC contract negotiations and through the
construction of Kola."

 

The Company intends to commence recruitment for the construction phase of Kola
during the first half of 2023.

 

This announcement has been approved for release by the Board of Kore Potash.

 

Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

ENDS

 

 

For further information, please visit www.korepotash.com
(http://www.korepotash.com) or contact:

 

 Kore Potash                                      Tel: +27 84 603 6238

 Brad Sampson - CEO

 Tavistock Communications                         Tel: +44 (0) 20 7920 3150

 Emily Moss

 Adam Baynes
 SP Angel Corporate Finance - Nomad and Broker    Tel: +44 (0) 20 7470 0470

 Ewan Leggat

 Charlie Bouverat
 Shore Capital - Joint Broker                     Tel: +44 (0) 20 7408 4050

 Toby Gibbs

 James Thomas
 Questco Corporate Advisory - JSE Sponsor         Tel: +27 (11) 011 9205

 Doné Hattingh

 

 

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