REG - Sovereign Metals Ltd - Appointment of Experienced ESG Officer

Sovereign MetalsAnnouncement

15/02/2024 07:00

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RNS Number : 2114D  Sovereign Metals Limited  15 February 2024

NEWS RELEASE I 15 FEBRUARY 2024

SOVEREIGN APPOINTS EXPERIENCED LEAD ESG OFFICER AND ADVANCES ESIA

Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is
pleased to announce the appointment of highly experienced environmental and
social specialist Mr Marco Da Cunha, as its new Lead Environmental, Social and
Governance (ESG) Officer.

Mr Da Cunha has almost 20 years of experience in the field of environmental
and social management, including over a decade preparing Environmental and
Social Impact Assessments (ESIAs), and Environmental Management Plans, for
mining projects. In addition, Mr Da Cunha has specialist experience in Social
Impact Assessments, and Management Plans, for large scale mining, oil &
gas, and infrastructure projects, throughout Sub-Saharan Africa.

Recently, Mr Da Cunha was part of Rio Tinto's Simandou iron ore project team
in Guinea. Simandou is the world's largest undeveloped high-grade iron ore
deposit, and its development will be the largest greenfield integrated mine
and infrastructure investment in Africa. Mr Da Cunha's role at Simandou
involved functioning as international support to the Simandou Mine Communities
and Social Performance Manager in Guinea, and the support and development of
the social management strategy.

Kasiya's ESIA will now advance following the appointment of Mr Da Cunha.
Sovereign has previously completed site surveys by specialist environmental
and social consultants in August 2021, May 2022, and October 2023. These
surveys provide a solid basis from which to advance the ESIA.

Kasiya's ESIA will be undertaken in compliance with relevant Malawian
legislation, regulations, and standards; in particular, the Environmental
Management Act (No. 19 of 2017) and Guidelines of Environmental Impact
Assessment (DEA, 1997). The project also aims to meet international guidelines
and standards, including the IFC Performance Standards on Environmental and
Social Sustainability (IFC, 2012), the World Bank Group Environmental, Health
and Safety Guidelines (WBG, 2007), and the Equator Principles (Equator
Principles Association, 2020).

Upon Mr Da Cunha’s appointment, Managing Director, Frank Eagar commented:
"Our ambition, with the development of Kasiya, is to set the global standard
in Climate Smart Mining by bringing our low carbon footprint rutile and
graphite products to market, while realising real-world community and
environmental benefits. In order to achieve this, we have attracted the best
talent and experience in the ESG field. Marco's appointment has bolstered our
Owners Team's ESG capability bringing exemplary experience in environmental
and social management for large-scale African mine development projects
aligning and consolidating on the recent appointment of SocialEssence."

 

 

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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