REG - Tungsten West PLC - Board Changes

Tungsten WestAnnouncement

28/03/2023 13:00

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RNS Number : 5017U  Tungsten West PLC  28 March 2023

28 March 2023

Tungsten West Plc

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

 

Board Changes

 

Tungsten West (LON:TUN), the mining company focussed on restarting production
at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon
in the UK, announces that, following his appointment as CEO, announced 13
March, Neil Gawthorpe has been appointed to the Board as an Executive
Director.

 

David Cather, Chairman of Tungsten West, commented: "On behalf of the Board
and the Company, it is a pleasure to welcome Neil to the Executive team.
Having someone with Neil's operational and industry experience as part of the
Senior Management and Director teams will be an invaluable asset to the
Company during this pivotal time.

 

"I remain confident that we can successfully restart the Hemerdon Mine and
deliver long-term value for all stakeholders."

 

Further Information

 

Neil holds a Bachelor of Engineering (Hons) in Mineral Engineering from the
University of Leeds and has enjoyed a successful career in the mining
industry, spanning almost 30 years, working in various roles, both
operationally and as a consultant across multiple jurisdictions. Most recently
Neil held the role of Senior Vice President ("SVP") Business Development at
Allied Gold, where he was responsible for the due diligence on potential
mergers and acquisitions, as well as leading transitional management and
integration at newly acquired assets. Neil was heavily involved in the
integration of the company's flagship Sadiola operation in Mali, following its
purchase from AngloGold Ashanti/IAMGOLD in late-2020. He played a key role in
embedding the new management team and mining contractor, culminating in an
on-time and budget restart of mining. He also provided similar support during
the integration of the company's multiple operations in Cote D'Ivoire.

 

Neil also spent nine years as part of the executive team at Sierra Rutile
Limited, taking a struggling operation and transforming it into becoming the
world's largest rutile producer. After completion of several major expansion
projects, the asset was sold in December 2016 for more than US$400 million.

 

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.

AIM Rules for Companies, Schedule 2(g) Disclosures

As required by Schedule 2(g) of the AIM Rules for Companies, the Company
confirms that Mr Neil Gawthorpe, aged 50, currently holds or has held the
following directorships and partnerships in the last five years:

 

 Current Directorships  Past Directorships (in the last five years)
                        Ongopolo Mining Ltd
                        Weatherly Mining Namibia Ltd

 

Mr Gawthorpe does not hold any ordinary shares or options in the Company.

Other than as provided in this announcement, no other disclosures in relation
to Mr Neil Gawthorpe are required under Rule 17 and schedule 2 (g) of the AIM
Rules for Companies.

Enquiries

 Tungsten West                                                              Strand Hanson

 Neil Gawthorpe/ Nigel Widdowson                                            (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)                                                             VSA Capital Limited

 Tim Blythe / Megan Ray                                                     (Financial Adviser and Joint Broker)

 Tel: +44(0) 20 7138 3204                                                   Andrew Raca / Andrew Monk

 Email:  tungstenwest@blytheray.com (mailto:tungstenwest@blytheray.com)     +44 (0)20 3005 5000

                                                                            Hannam & Partners

                                                                            (Joint Broker)

                                                                            Andrew Chubb / Matt Hasson / Jay Ashfield

                                                                            +44 (0)20 7907 8500

 

Follow us on twitter @TungstenWest

 

 

 

Ends

 

 

 

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