Board Changes

RNS Number : 5083Q

Bezant Resources PLC

02 September 2014

 



2 September 2014

Bezant Resources Plc

("Bezant" or the "Company")

Board Changes

Bezant (AIM: BZT), the AIM listed copper-gold exploration and development company operating in the Philippines and Argentina, today announces the appointment of Mr Edward Nealon as Non-Executive Chairman of the Company with immediate effect. Accordingly, Dr Evan Kirby has relinquished the role of Non-Executive Chairman and assumed his former role of Non-Executive Director also with immediate effect.

Mr Nealon is a geologist with over 40 years' experience in the mining and exploration industry. Mr Nealon is currently Non-Executive Chairman of Ferrum Crescent Limited, the AIM-quoted iron ore mining company, and Non-Executive Chairman of Richland Resources Limited, the AIM-quoted miner of coloured gemstones. After graduating in 1974, Mr Nealon began his career in South Africa with Anglo American Corporation before moving to the Rio Tinto Group in Australia in 1980. Since 1983, Mr Nealon has operated his own mining consultancy practice which has seen him involved in numerous projects worldwide; during this period he also founded Aquarius Platinum Limited and Sylvania Resources Limited. Mr Nealon holds a B.Sc. degree in Mineral Exploration from University College Cardiff and a M.Sc. degree in Sedimentary Geology from the University of Reading and is a member of the Australian Institute of Mining and Metallurgy.

Mr Nealon brings a wealth of experience to Bezant having successfully developed and transacted natural resource projects across the globe. He has spent significant time working in the Philippines, where Bezant's primary asset is located. Mr Nealon joins the Board at a time when the Company is engaged in a sale/joint venture process for its Mankayan copper-gold project and simultaneously working with sector peers in the Philippines to consult with the Philippines Government over recent proposed changes to the taxation regime for the country's mining industry. As Chairman, Mr Nealon shall lead and work with the Board as it seeks to deliver value for shareholders and build on its track record of delivering real exploration success and returning capital.

Bernard Olivier, Chief Executive Officer, commented:

"We are delighted to welcome Ed to the Bezant Board. His significant knowledge and experience of the global mining sector, industry contacts and involvement with several publicly quoted companies will be of considerable value and assistance with Bezant's future growth and development."

For further information, please contact:

Bernard Olivier Chief Executive Officer, Bezant Resources Plc                                Laurence Read Non-Executive Director, Bezant Resources Plc James Harris / Matthew Chandler / James Dance Strand Hanson Limited                                                           James Maxwell N+1 Singer                                               or visit http://www.bezantresources.com

Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone]

Additional information on Mr Nealon:

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

Edward Francis Gerrard Nealon (aged 63):

Current Directorships/Partnerships	Past Directorships/Partnerships (last 5 years)
Ferrum Crescent Limited	Condoto Platinum NL
Richland Resources Limited	Eligere Trustees Limited (formerly Chalkwell Investments Limited)
Athlone International Consultants Pty Limited
Almaretta Pty Limited
Danwell Holdings Pty Limited

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies. 

 

END

 

 

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