REG - Tungsten West PLC - Appointment of Chief Executive Officer

Tungsten WestAnnouncement

15/08/2024 07:00

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RNS Number : 5119A  Tungsten West PLC  15 August 2024

15 August 2024

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

 

Appointment of Chief Executive Officer

 

Tungsten West (LON:TUN), the mining company focused on restarting production
at the Hemerdon tungsten and tin mine in Devon, UK ("Hemerdon" or the
"Project"), is pleased to announce the appointment of Mr Jeffery Court as
Chief Executive Officer ("CEO") of the Company. The appointment, which is
intended to be effective no later than 1 November 2024, upon completion of the
notice period from his current employer Capital Ltd ("Capital"), is subject to
the approval of a UK work visa. It is the Directors' intention for Jeff to
join the Board of Directors on appointment.

 

Jeff is an experienced international mining executive, having worked in the
mineral resource sector for over 30 years, covering numerous roles from
project feasibility and start-up, major EPC/EPCM and product mineral
processing plant projects, mining operations and contract mining services,
operational and business management.

 

Having started his career at Rio Tinto, during which time he was heavily
involved in mine feasibility and long-term planning, Jeff spent 15 years at
Orica, where he held multiple senior business executive roles and led a
structural and strategic review to improve business performance. Jeff
subsequently worked at FLSmidth, where he oversaw the industrial capital
equipment division of over US$500 million annually, and Perenti Limited
(formerly Ausdrill Ltd), where he was responsible for the operational and
business management of the African Mining Service division, which reported
US$350 million annual turn-over across seven major mining sites in Senegal,
Mali, Burkina Faso and Ghana.

 

More recently, as the Chief Executive Officer - Mining & Chief Development
Officer - Mining of Capital's drilling and mining services business, Jeff has
managed the provision of its services to the industry, ranging from
exploration, grade control and production drilling to load and haul contract
mining. Collectively, these roles have spanned across Australia, Asia, Europe,
the Middle East, Africa and North America.

 

It is the Directors' intention that on his appointment as CEO, Jeff will join
the Board of Directors, subject to completion of the customary due diligence
required by the AIM Rules for Nominated Advisers to be undertaken by the
Company's Nominated Adviser, Strand Hanson Limited. A separate announcement on
this, including the requisite Schedule 2(g) disclosures required under the AIM
rules for Companies, will be made in due course.

 

David Cather, Chairman of Tungsten West, said:

 

"On behalf of the Board, I am delighted to welcome Jeff as the CEO of Tungsten
West. I'm pleased that, following a competitive process, we have been able to
attract someone of Jeff's calibre, and I look forward to working with him on
progressing the strategically important Hemerdon mine towards production. I am
confident that Jeff's prior experience will prove invaluable to the Company,
with his work across project feasibility, mining operations, and his
responsibility for key corporate divisions, complementing our goal of securing
further financing for the Project and recommencing mining and processing
operations at Hemerdon in 2026."

 

Jeff Court, incoming CEO of Tungsten West, said:

 

"I look forward to advancing the historic Hemerdon mine towards production and
contributing to the development of this key supply project of UK critical
minerals, in addition to contributing to the continued reinvigoration of the
UK minerals industry. I believe my prior experience will support the team at
Tungsten West in delivering the Company's goals in a sustainable manner to
maximise value to Tungsten West's stakeholders."

 

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

Ends

 

For further information, please contact:

 

Enquiries

 Tungsten West                               Strand Hanson

 Alistair Stobie                             (Nominated Adviser and Financial Adviser)

 Tel: +44 (0) 1752 278500                    James Spinney / James Dance / Abigail Wennington

                                             Tel: +44 (0) 207 409 3494
 BlytheRay

 (Financial PR)

 Tim Blythe / Megan Ray

 Tel: +44(0) 20 7138 3204

 Email:  tungstenwest@blytheray.com

 Hannam & Partners

 (Broker)

 Andrew Chubb / Matt Hasson / Jay Ashfield

 Tel: +44 (0)20 7907 8500

 

Follow us on X @TungstenWest

 

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