– TOGO, Lome – Premier African Minerals Limited (LON: PREM) today announced the appointment of Non-Executive Director Neil Herbert as Non-Executive Chairman, effective immediately. George Roach will revert to his Board role of Chief Executive.
“I am grateful that Neil Herbert has accepted this appointment and particularly at this time when our Company is looking to exploit the opportunities both for cash generative assets and to add value as we anticipate granting of our EPO application at Zulu Lithium and Tantalum and through our existing and recently acquired exploration and development projects,” said George Roach.
He added: “I look forward to further board and management changes and a stronger focus on operational efficiencies, improvements and value generation.”
Mr Herbert was appointed a director of the Company on 28 August 2019.
About Neil Herbert
As previously announced, Mr. Herbert has nearly three decades of experience in finance. Mr. Herbert trained with PwC and has been involved in growing mining ventures, both as an executive (including Antofagasta plc, Brancote Holdings plc and UraMin Inc.) and as a manager of investments (including Galahad Gold plc and Polo Resources Limited). Mr. Herbert has served as a director of companies on the AIM, ASX, LSE, JSE and TSX and was previously a director of Premier between 20 August 2013 and 22 April 2016.
Today, Mr. Herbert works with growth companies across sectors and he is chairman of IronRidge Resources, Helium One, Siderian Resource Capital and was the former Chairman of MN Holding Limited and its subsidiaries which operate Otjozondu.
Mr. Herbert has a BA with Joint Honours from the University of Leicester and is a Fellow of the Association of Chartered Certified Accountants.
Mr. Herbert currently has 4 million vested options in the Company with the first 2 million being exercisable at 1.15 pence and the second 2 million being exercisable at 1.5 pence. Apart from the above options, Mr. Herbert holds no ordinary shares in the Company.
Mr. Herbert has a formal engagement with MN Holding Limited to act as a consultant under which he is entitled to a 10% fee on any overall purchase of MNH, payable by MNH.
About Premier African Minerals
Premier African Minerals Limited is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe. The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe, encompassing brownfield projects with near-term production potential to grass-roots exploration.
The Company holds 5,010,333 shares in Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world-class asset.
In addition, the Company holds a 19% interest in MN Holdings Limited, the owner and operator of the Otjozondu Manganese Mining Project in Namibia.
For more information: https://www.premierafricanminerals.com
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