Appointment of Chief Financial Officer

RNS Number : 3110S

Ironveld PLC

07 July 2015

 

7^th July 2015

Ironveld plc ("Ironveld" or the "Company")

Appointment of Chief Financial Officer

Ironveld plc, the High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa is pleased to announce the appointment to the Board of Mr Vred von Ketelhodt as Chief Financial Officer.

Mr von Ketelhodt has a 25 year career in the mining industry with significant management, financial and project management expertise. He has been providing consultancy services to the Company since February 2013, principally in relation to the preparation of the Company's pre-feasibility and detailed feasibility studies. Between 1990 and 1999 Vred worked at Avgold Limited, Rex Diamond Mining Corporation Limited, Kloof Gold Mining Company, and Durban Roodepoort Deep Gold Mine. In 1999 he moved to become an analyst at Anglogold Limited, before joining Absa Corporate & Merchant Bank and Export Venture Capital Corporation (Pty) Ltd. Between 2006 and 2007 he was CEO of the Diamond Mining Division of The Tau Group of Companies before going into management consultancy with IMMK Consultants (Pty) Ltd. More latterly Vred has been Head of Corporate Finance, Treasury and Value Based Management at Kumba Iron Ore Limited, CFO of Delta Mining Consolidated Limited, CEO of Mining Division of The Africa Corporation and a consultant at Novem Consulting.

Giles Clarke, Chairman of Ironveld:

"We welcome Vred to the Board of Ironveld and look forward to the contributions he will no doubt make to the Board with his 25 years of experience in the mining industry in South Africa as we build our 15MW DC smelter for the production of High Purity Iron and Vanadium and Titanium slag by-products."

Save for the information above and below, there are no further disclosures to be made in accordance with Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Mr von Ketelhodt, aged 48.

Vred von Ketelhodt - Current Directorships/Partnerships

Ironveld Holdings (Pty) Ltd.

Novem Consulting CC

Vred von Ketelhodt - Past Directorships/Partnerships (within 5 years)

Incabex (Pty) Ltd

African Tantalum (Pty) Ltd

Mr von Ketelhodt holds 262,500 shares in Ironveld plc.

Ends

For further information, please contact:

Ironveld plc Peter Cox, Chief Executive	c/o Camarco 020 3757 4980
Shore Capital Stephane Auton / Toby Gibbs (corporate finance) Jerry Keen (corporate broking)	020 7408 4090
Camarco Billy Clegg/ Georgia Mann	020 3757 4980

Notes to Editors:

Ironveld (IRON.LN) is a High Purity Iron, Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province South Africa.  Ironveld expects to mine its own VTM ore as feedstock for a 15MW smelter which will produce speciality iron products including high purity iron powder as well as vanadium and titanium products.  In June 2015, the smelter received EIA approval from the Limpopo Department of Economic Development, Environment and Tourism.

The Definitive Feasibility Study published in April 2014 confirms the project's viability to deliver an exceptionally high grade iron product (99.5% Fe) called High Purity Iron which commands a premium in the market place. Vanadium and Titanium slag containing commercial grades of vanadium and titanium will also be produced and sold.

Ironveld's Board includes; Giles Clarke as Chairman, Peter Cox, CEO and Nick Harrison as a Non-Executive Director.

Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.

 

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