REG - Rome Resources PLC - Proposed Board Changes

Rome ResourcesAnnouncement

30/09/2024 07:00

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RNS Number : 0969G  Rome Resources PLC  30 September 2024

 

30 September 2024

 

Rome Resources Plc

("Rome Resources", the "Company" or the "Group")

 

Proposed Board Changes

 

Rome Resources (AIM: RMR), the DRC-focused tin explorer, is pleased to
announce that it intends to appoint Klaus Eckhof as Non-Executive Chairman to
the board of Rome Resources.

 

Mr Eckhof is a key adviser to Rome Resources, having been an instrumental
member of the team that discovered the Bisie North Tin Project that is
currently the subject of an intensive drilling campaign by the Company.

 

Mr Eckhof is a geologist with more than 20 years of experience, both exploring
and developing deposits across the globe, with a particular focus on Africa.
He started his career working for Mount Edon Gold Mines (Australia) Limited,
prior to its acquisition by Teck Resources Limited, and in 2003 founded Moto
Goldmines Limited in the DRC, which was subsequently acquired by Randgold
Resources Limited in 2013. Mr Eckhof has an extensive track record of
successful mineral exploration in the DRC and has a proven track record in
taking mines from exploration through development and into production.

 

Mr Eckhof was also founder and Executive Chairman of AVZ Minerals Ltd. (ASX:
AVZ).  AVZ Minerals Ltd. is focused on developing the DRC Manono Project,
reported as one of the world's largest undeveloped lithium deposits. Mr Eckhof
was instrumental in the early stages of exploration and development of the
Bisie Tin Project, close to Rome Resources' tin project in the DRC, which is
now owned by Alphamin Resources Corp who are listed on Canadian Stock Exchange
with a market capitalisation of approximately CA$1.4 billion.

 

Mr Eckhof is a significant shareholder of Rome Resources and is closely
aligned with the Board's aims of maximising shareholder returns.

 

Mark Gasson, the current Executive Chairman, is anticipated to move to the
role of Chief Operating Officer ("COO") following Mr Eckhof's appointment to
the board of Rome Resources. Mr Gasson's role will continue as oversight of
the drilling operations and geological evaluation as the programme at the
highly prospective Bisie North Project progresses.

 

The proposed appointment of Mr Eckhof to the board of Rome Resources remains
subject to approval from the Company's nominated adviser and completion of the
customary due diligence to satisfy itself as to board composition and the
suitability of the proposed director for the purpose of the AIM Rules for
Nominated Advisers.

 

A further announcement, including the requisite Schedule 2(g) disclosure
required under the AIM Rules for Companies, will be made in due course upon Mr
Eckhof's appointment to the board of Rome Resources.

 

Paul Barrett, CEO of the Company, commented:

 

"It is a great privilege to announce the proposed appointment of Mr Eckhof to
the board of Rome Resources as Non-Executive Chairman. He brings with him a
deep pool of experience and expertise in both the DRC and in mineral
exploration, specifically for tin and copper, which will prove to be
invaluable as we continue to explore the exciting Bisie North Tin Project.
 Mr Eckhof complements the skillset of the current board of directors of Rome
Resources, and I believe that the team will be perfectly poised to deliver
shareholder value. I would like to thank Mr Gasson for stepping into the role
of Executive Chairman, and I am look forward to work with him in his new
position as COO in due course.

 

"We look forward to updating the market on the progress of our drilling
campaign, that has already produced some exciting results, in due course."

 

 

For further information please contact:

 

Rome Resources Plc

Mark Gasson, Executive Chairman

Paul Barrett, Chief Executive Officer

Tel. +44 (0)20 3143 6748

 

Allenby Capital Limited (Nominated Adviser and Broker)

John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)

Stefano Aquilino / Joscelin Pinnington (Sales & Corporate Broking)

Tel. +44 (0)20 3328 5656

 

OAK Securities (Joint Broker)

Jerry Keen, Head of Corporate Broking (jerry.keen@oak-securities.com)

Henry Clarke, Head of Sales (henry.clarke@oak-securities.com)

Tel. +44 (0)20 3973 3678

 

Camarco (Financial PR)

Gordon Poole / Emily Hall / Sam Morris

Tel. +44 (0) 20 3757 4980

 

 

 

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