Appointment of Non-Executive Director

RNS Number : 7128Z

Ironveld PLC

19 December 2017

 

19 December 2017 

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

Appointment of Non-Executive Director

Ironveld plc, the owner of a High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the "Project"), is pleased to announce that Duncan George Harvey has been appointed to the board as Non-Executive Director effective immediately. 

Duncan has more than 15 years of experience across strategy, operating model design and business development. Currently an independent consultant focused on helping management teams increase shareholder value, he was previously a strategy consultant with Accenture (2003-2006) and held a senior internal strategy role with the Westpac Group (2007-2011). Throughout his career Duncan has lead numerous analytical teams to identify and quantify profit opportunities.

Commenting on the appointment Chairman Giles Clarke said:

"We are delighted to welcome Duncan to the Board and we look forward to working with him. He brings a wealth of experience in strategic, financial and operational analysis that will further strengthen the Board as we look to move into production."

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For further information, please contact:

Ironveld plc Peter Cox, Chief Executive	c/o Camarco 020 3757 4980
Shore Capital and Corporate Limited Stephane Auton / Toby Gibbs (corporate finance) Jerry Keen (corporate broking)	020 7408 4090
Camarco Gordon Poole / Kimberley Taylor / Monique Perks	020 3757 4980

In relation to the appointment of Mr Harvey, the Company confirms that there is no further information to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies save as disclosed below:

Duncan George Harvey, aged 38

Current directorships DG Harvey Ltd Woodforde's Limited	Previous directorships (past 5 years) None

Notes to Editors:

Ironveld (IRON.LN) is the owner of 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 7.5 MW DC smelter which will produce speciality iron products including high purity iron powder as well as vanadium and titanium slag products.

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 as CEO, Vred von Ketelhodt as CFO, Nick Harrison and Rupert Fraser as a Non-Executive Directors.

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

 

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