REG - Tungsten West PLC - Board Change

Tungsten WestAnnouncement

05/12/2025 07:00

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RNS Number : 3645K  Tungsten West PLC  05 December 2025

5 December 2025

Tungsten West Plc

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

 

Board Change

 

Tungsten West (LON:TUN), the mining company focused on restarting production
at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon,
UK, announces that, following a review process, the current interim CFO, Phil
Povey, will be appointed as the permanent CFO to the Company and to the Board
as an Executive Director with immediate effect.

 

Stephen Harrison, Chairman of Tungsten West, commented:

 

"I am pleased to confirm that Phil will be continuing his role as CFO on a
permanent basis. Phil's knowledge of the Company and Project has proven highly
valuable over the last 12 months, in both his previous role as Head of
Commercial & Corporate Development and as Interim CFO. His experience will
further strengthen the management team and Board during this crucial period as
we progress key financing discussions and advance towards restarting
Hemerdon."

 

Further Information

 

Phil Povey brings more than 18 years of international experience in the mining
and mining services sector. He has a deep expertise spanning financial
management, commercial strategy, and operational leadership across the globe,
and has a proven ability to build and scale innovative mining start-up
projects, drive operational excellence and cultivate community partnerships.

 

Phil has held senior roles with leading industry organisations including
Capital Limited, Perenti (African Mining Services), Macmahon and Orica. While
at Capital Limited, Phil was integral in building the mining contracting
division from inception, transforming it into a business generating over $90
million annual revenue. He joined Tungsten West over a year ago in a corporate
development and commercial leadership capacity.  He stepped into the Interim
CFO role in September, and has played a key role in advancing the Hemerdon
project.

 

Phil has previously served as a director across multiple international
operations. He holds a Bachelor of Commerce with First Class Honours from the
University of Western Australia and is a Certified Practising Accountant
(CPA).

 

AIM Rules for Companies, Schedule 2(g) Disclosure

 

As required by Schedule 2(g) of the AIM Rules for Companies, the Company
confirms that Mr Philip Clifton Povey, aged 47, is currently a
director/partner, or has been a director/partner in the past five years, of
the companies listed below:

 

 Current directorships/partnerships:  Past directorships/partnerships within the last five years:

 Umbrella Mountain Limited            N/A

 

Mr Povey, through Umbrella Mountain Limited, a vehicle which he owns and
controls, is a holder of the Company's Convertible Loan Notes, as first
announced 19 May 2023 (the "CLN Notes"), worth approximately £110,000. The
CLN Notes have a conversion price of 0.03 pence and will convert into new
ordinary shares of a nominal value of one penny each in the capital of the
Company ("Ordinary Shares") on or before 31 December 2025. Mr Povey holds no
other Ordinary Shares in the Company.

 

There is no further information required to be disclosed under Schedule 2(g)
of the AIM Rules for Companies.

 

 

Ends

 

For further information, please contact:

 

Enquiries

 Tungsten West                               Strand Hanson

 Jeff Court                                  (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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