– UK, London – Capital Metals (LON: CMET), a mineral sands company approaching the mine development stage at the high-grade Eastern Minerals Project in Sri Lanka, announced the appointment of Bruce Griffin to its Board as a Non-Executive Director, with immediate effect.
Bruce Griffin is a nominee director of Sheffield Resources Limited (ASX: SFX, who owns approximately a 10% stake in the Company.
About Bruce Griffin
Bruce Griffin is an experienced resources industry professional with a significant background in mineral sands. He is currently Executive Chair of Sheffield, the 50% owner of the recently commissioned A$484 million Thunderbird mineral sands mine in Western Australia. Mr Griffin is also a Non-Executive Director of Savannah Resources PLC (AIM: SAV), CVW CleanTech Inc (TSX: CVW), and Mawson Gold Limited (TSX: MAW). He has previously held several Chief Executive and senior management roles with mineral sands and titanium dioxide pigment companies, including at LB Group, TZ Minerals International (TZMI), and BHP. Other prior roles include executive, commercial, strategy, and management consulting positions and a nine-year career with Shell. Mr Griffin holds undergraduate degrees in chemical engineering and economics, as well as a Master of Business Administration. He has previously acted as a consultant to Capital Metals through Fairview Solutions Limited.
About Capital Metals
Capital Metals is a UK company developing the Eastern Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sand projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimization potential. We are committed to applying modern mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$130m in direct government royalties and taxes to be paid.
For more information: https://capitalmetals.com/
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