Last checked at 13 Oct 2022 09:21
Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End Investments
13 October 2022
Critical Metals plc
("Critical Metals" or the "Company")
Appointment of DRC Project Field Manager
Critical Metals plc, a mining company established to acquire mining opportunities in the critical and strategic metals sector, currently developing an ex-producing copper cobalt mine in the Democratic Republic of Congo ("DRC"), is pleased to announce the appointment of Lloyd Kirtley, as DRC Project Field Manager with immediate effect.
Mr. Kirtley is a highly experienced geologist with over 40 years' experience in mining and mineral exploration including a recent role in the DRC. Mr. Kirtley started his career with companies associated with Anglo American Corporation and went on to spend 25 years in various roles there, across several jurisdictions in different capacities from mining and geologist roles to management roles, the last role with them being Field Office Manager of Anglogold Exploration Tanzania Limited (now AngloGold Ashanti Limited), at the time the world's largest mining company.
Mr. Kirtley has since held roles in a number of African based exploration and production companies, including Uramin Inc., as Field Manager with projects in South Africa, Namibia and Central African Republic, Niger Uranium with projects in Niger, and more recently Kore Potash Plc where Mr. Kirtley was Site and Field Manager of the project in Congo-Brazzaville. At Kore Potash Plc, Lloyd was responsible for overseeing and constructing their exploration camp as well as being involved in the management thereof, which included all the logistical needs of everything on site including overseeing drilling and seismic programmes. Lloyd's most recent role was with Pasofino Gold Limited, a Canadian based mineral exploration company with a project in Southern Liberia, again as Logistics and Field Manager.
At Critical Metals, Mr. Kirtley's role will be to support all activities at the Molulu Project, including all environmental and social assessments, all start-up mining activities, camp management (including infrastructure upgrades), and critically the logistics for the delivery of materials to local smelters for processing and/or selling channels for copper and cobalt production.
Russell Fryer, CEO of Critical Metals, commented: "I am delighted to welcome Lloyd to the Critical Metals team so swiftly after the completion of our acquisition of the Molulu Project in DRC. His experience with working in the field in many African countries will be invaluable as we quickly move this ex-producing copper/cobalt asset, in a highly prospective region, into production in Q4 2022, which is intended to generate the cash flow required to fund future expansion and operations.
"Having been on the ground at the Molulu Project in recent days with my fellow directors and management team, work is underway to repair the mine roads and remobilise the camp and with Lloyd now on the team, I look forward to proving shareholders with regular updates as we move towards bringing the Molulu Project into production and proving its resource potential."
**ENDS**
For further information on the Company please visit www.criticalmetals.co.uk or contact:
Russell Fryer
| Critical Metals plc | Tel: +44 (0)20 7236 1177
|
Rory Murphy / James Bellman | Strand Hanson Limited Financial Adviser
| Tel: +44 (0)20 7409 3494 |
Lucy Williams / Heena Karani
| Peterhouse Capital Limited, Corporate Broker | Tel: +44 (0)20 7469 0936 Tel: +44 (0)20 7469 0933 |
Catherine Leftley/Ana Ribeiro/Isabelle Morris | St Brides Partners Ltd, Financial PR
| Tel: +44 (0)20 7236 1177 |
Notes to Editors
About Critical Metals
Critical Metals was formed as an investment company and intends to make equity investments into operators or near-term production operators within the natural resources development and production sector in the continent of Africa. It is envisaged that such acquisition or acquisitions will trigger a reverse takeover in accordance with the listing rules. The Company intends to search initially for acquisition opportunities in the natural resources sector on known deposits and more specifically minerals that are perceived to have strategic importance to future economic growth. Commodities such as antimony, beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin, tungsten, titanium, and vanadium have been identified by several governments as "critical minerals" and so guaranteeing supplies is seen as a strategic necessity. The Company therefore believes that the market conditions for these minerals will remain strong in the short-to-long term.