Tri-Star Resources PLC Directorate Change (6558X)
November 28 2017 - 2:01AM
UK Regulatory
TIDMTSTR
RNS Number : 6558X
Tri-Star Resources PLC
28 November 2017
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No. 596/2014 until the release of this
announcement
28 November 2017
Tri-Star Resources plc
("Tri-Star" or the "Company")
Directorate Change
Strategic & Precious Metals Processing LLC ("SPMP") has
advised the Company that Emin Eyi has stepped down as SPMP's Chief
Executive Officer with immediate effect but will continue to have a
key role advising SPMP on its branding strategy for antimony as
well as on other uses for SPMP's current technology. SPMP is
developing the Oman Antimony Roaster ("OAR") project in Sohar,
Oman. Tri-Star has a 40% equity interest in SPMP.
Emin Eyi was the founder and promoter of the antimony roaster
concept and has made a major contribution to bringing the OAR into
reality. SPMP states that it is delighted that SPMP will still have
access to Emin's immense knowledge of this commodity going
forward.
Mr Jason Peers, an existing SPMP Director, is being appointed
Interim Chief Executive Officer, in the meantime. Jason has been
closely involved with SPMP since its initial formation. He has
developed a wealth of experience whilst operating in the Middle
East over the last 27 years and has been involved in natural
resources throughout his career. Jason is the SPMP Board
Representative for Dubai Natural Resources Ltd, an investor in the
project.
Separately, SPMP has confirmed that the OAR project remains on
budget and on schedule. Cold commissioning is expected to start in
January 2018. Commitments to supply concentrates have been received
from a number of suppliers to enable the facility to ramp-up to
design capacity by the end of 2018.
Emin Eyi remains a Non-Executive Director and Deputy Chairman of
Tri Star Resources plc.
Enquiries:
Tri-Star Resources plc Tel: +44 (0) 20 3470 0470
Mark Wellesley-Wood, Executive Chairman
SP Angel Corporate Finance (Nomad and Broker) Tel: +44 (0) 20 3470 0470
Robert Wooldridge / Jeff Keating
Yellow Jersey PR Limited (Media Relations) Tel: +44 (0) 776 932
5254
Charles Goodwin / Julia Kalcheva / Joe Burgess
This information is provided by RNS
The company news service from the London Stock Exchange
END
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