Critical
Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End
Investments
11 March 2024
Critical Metals
plc
("Critical Metals" or the "Company")
Appointment of Non-Executive
Director
Critical Metals plc, a mining
company established to acquire mining opportunities in the critical
and strategic metals sector, currently developing the Molulu copper
cobalt mine in the Democratic Republic of Congo ("DRC"), is pleased
to announce the appointment of Mr. Gordon Thompson to the board as
Non-Executive Director and Chair of the Technical committee as of 1
April 2024.
Mr. Thompson brings a wealth of
experience and expertise to Critical Metals, with a career spanning
over 30 years in both leadership and advisory roles in the mining
and exploration industry. He has demonstrated proficiency in
overseeing mine operations and executing growth strategies across
key mining jurisdictions such as Western Australia, West Africa,
Southern Africa, Mali, DRC, and Brazil.
Mr. Thompson is the Chief Operating
Officer at Copper 360, an emerging powerhouse in copper mining and
processing based in the Northern Cape South Africa, and as a
Non-Executive Director at Contango Holdings Plc. His extensive
industry experience and engineering background, including several
years in technical consultancy and strategic planning, as well as
direct technical and commercial work experience in mechanized
surface (open cut) and shallow to ultra-deep underground mining
operations, will be an invaluable asset to Critical
Metals.
Mr. Thompson's previous management
roles in the mining industry include Chief Operations Officer of
Tiger Resources Limited, Chief Executive Officer of Taurus Gold
Limited (BVI), and Chief Operations Officer of Central African
Mining & Exploration Co. Plc. During the Covid-19 pandemic, Mr.
Thompson set up and became a Technical Consultant at Gordon
Thompson Inc., a Mining Investment consultant advising mid-tier
investment funds seeking mining opportunities in West
Africa.
Russell Fryer, CEO of Critical Metals
said: "We are delighted to welcome
Gordon as the Chair of our Technical Committee and newest member of
the Board of Critical Metals. His deep understanding of the copper
mining industry, and exceptional technical prowess and engineering
background bring a wealth of knowledge that will undoubtedly enrich
our decision-making processes. Moreover, his extensive
experience in the DRC at the CAMEC, Kipoi, and Chemaf operations
coupled with his track record of delivering results, will greatly
strengthen our future strategic capabilities both in the DRC and
regionally.
Furthermore, Gordon has already visited the Molulu mine and
has an early understanding of the first actions that need to begin
in order to maximise its potential."
Mr Thompson currently holds the
following Directorships:
|
Current Directorships
|
Former Directorships and/or partnerships (within the last five
years)
|
|
Non-Executive
Director
Contango Holdings
|
|
***ENDS
***
For
further information contact:
|
Critcial Metals plc
Russell Fryer, CEO
|
Tel: +44 (0)20 7236 1177
|
|
St
Brides Partners Limited
Financial PR
Ana Ribeiro / Isabelle
Morris
|
Tel: +44 (0)20 7236 1177
|
Notes to Editors
About Critical Metals
Critical Metals PLC
has acquired a controlling 100% stake in Madini Occidental Limited,
which holds an indirect 70% interest in the Molulu copper/cobalt
project, an ex-producing medium-scale asset in the Katangan
Copperbelt in the Democratic Republic of Congo. In line with its
investment strategy of focusing primarily on known deposits,
targeting projects with low entry costs and the potential to
generate short-term cash flow; the Company intends to produce
120,000t/per annum of Copper Oxide Ore.
The Company will continue to
identify future assets that are in line with its stated acquisition
objective of low CAPEX and OPEX projects with near-term production,
concentrating on minerals that are perceived to have strategic
importance to future economic growth and generate significant value
for shareholders.