RCS - Sovereign Metals Ltd - Capabilities Strengthened with Key Appointments

Sovereign MetalsAnnouncement

01/03/2024 07:00

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RNS Number : 0731F  Sovereign Metals Limited  01 March 2024

NEWS RELEASE I 1 MARCH 2024

SOVEREIGN STRENGTHENS IN-COUNTRY CAPABILITIES WITH KEY APPOINTMENTS

Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is
pleased to announce three senior appointments and promotions across key legal,
permitting, and technical functions in Malawi. The appointments have
strengthened the Company's in-country capabilities as it continues to advance
its Kasiya Rutile-Graphite Project (Kasiya).

Mr Maxwell Kazako has been appointed Acting In-Country Manager following the
promotion of Frank Eagar to Managing Director. Mr Kazako has a strong
background in human resources management, general administration and
government relations. He brings over 18 years of experience to the role,
having worked across Malawian commerce and industry, including for First
Merchant Bank and Malawian Airlines.

Ms Natasha Namisengo has been appointed General Legal Counsel. Ms Namisengo is
a qualified lawyer with a Bachelor of Laws (Hons) and is admitted to practice
in the Supreme Court of Malawi. She also holds a Master's in Business
Administration (MBA). Ms Namisengo has prior experience acting as legal
counsel and in company secretary roles in Malawi.

Mr Pilirani Bangula has been appointed Legal Counsel - Compliance. Mr Bangula
is a qualified lawyer with 12 years of experience as a legal practitioner,
including five years specifically as in-house legal counsel. Mr Bangula has
wide-ranging experience in compliance, project oversight and risk management,
contract negotiation, and policy drafting.

Figure 1: (left to right) Mr Maxwell Kazako, Acting In-Country Manager, Ms
Natasha Namisengo, General Legal Counsel and Mr Pilirani Bangula, Legal
Counsel - Compliance

  The Company has also promoted Ms Tupoche Kayange to Laboratory Manager in
line with its employee training and development program. Ms Kayange has been
instrumental in developing and managing the Company's laboratory facility in
Lilongwe, Malawi. Recently, Ms Kayange led the facility's expansion and
commissioning of new equipment to support bulk sample programs that are
currently underway.

Figure 2: Ms Tupoche Kayange, Laboratory Manager at the Company's facility in
Lilongwe, Malawi

Sovereign understands Kasiya's significant potential to deliver material and
long-lasting social and economic benefits for Malawi, including fiscal
returns, job creation, skills transfer, and sustainable community development
initiatives. Sovereign also recognises the importance of training programs to
enhance the capabilities of its employees. The Company has structured training
and skills transfer programs, covering on-the-job training for full-time
employees and programs for local graduates and interns.

These appointments and promotions align with the Company's initial targets,
ensuring equal opportunity and fairness in employing a diverse workforce and
Malawian nationals where possible. Sovereign employs over 80 individuals in
Malawi, with at least 30% of the staff being women.

 

ENQUIRIES

 Frank Eagar (South Africa/Malawi)  Sam Cordin (Perth)  Sapan Ghai (London)

Managing Director
+61(8) 9322 6322
+44 207 478 3900

 +61(8) 9322 6322

 

 Nominated Adviser on AIM and Joint Broker
 SP Angel Corporate Finance LLP             +44 20 3470 0470
 Ewan Leggat

 Charlie Bouverat

 Harry Davies-Ball

 Joint Brokers
 Berenberg                                  +44 20 3207 7800
 Matthew Armitt
 Jennifer Lee

 Buchanan                                   + 44 20 7466 5000

 

Forward Looking Statement

This release may include forward-looking statements, which may be identified
by words such as "expects", "anticipates", "believes", "projects", "plans",
and similar expressions. These forward-looking statements are based on
Sovereign's expectations and beliefs concerning future events. Forward looking
statements are necessarily subject to risks, uncertainties and other factors,
many of which are outside the control of Sovereign, which could cause actual
results to differ materially from such statements. There can be no assurance
that forward-looking statements will prove to be correct. Sovereign makes no
undertaking to subsequently update or revise the forward-looking statements
made in this release, to reflect the circumstances or events after the date of
that release.

 

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