Last checked at 21 Dec 2022 07:00
PRESS RELEASE
21st December 2022
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Director Appointments
Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce the appointments of Peter Wynter Bee and Jeremy S. Brett (the "New Directors") to the board of directors, effective from 01 January 2023.
Peter Wynter Bee, 67, joins the Company as a non-executive director and is the Chairman of Moxico Resources, the majority owner and operator of the producing Mimbula Copper Project in Zambia. Peter is an experienced lawyer who has focused on financing and managing mining companies. Following a period as a General Counsel for KPMG, he became General Counsel and Director of Reunion Mining plc with 500 employees in Africa and the UK. He has a strong experience in joint venture negotiations, raised project finance and coordinated 15 companies within the Group until the takeover by Anglo-American plc. He has served as Director and Managing Director of ZincOx Resources plc. Peter has raised capital for the development of projects since 1990. Successful projects include the development of a gold mine in Zambia, a copper mine in Zimbabwe and the Skorpion zinc mine in Namibia prior to its takeover by Anglo-American.
Jeremy S. Brett, 55, joins Kavango as an executive director. He is a senior geophysical consultant with 28 years international mineral exploration in most commodities. Jeremy has a strong background in geology, structure, ore deposit models, project management & strategy. He has a B.Sc. in Geophysics & M.Sc. in Geology, University of Toronto. Jeremy built his career for 26 years with MPH Consulting Limited and has consulted to more than 100 of Canada's leading junior & major exploration / mining companies & governments on five continents. Jeremy has been working closely with Kavango as a consultant since February 2021. He has been instrumental in overhauling the Company's exploration processes, professional compliance, and significantly deepened Kavango's understanding of geophysical surveying technologies and techniques.
David Smith, Non-Executive Chairman of Kavango Resources, commented:
"We are delighted to welcome Peter and Jeremy onto the board of directors. Following our recent strategic financing, this marks another significant step forward for Kavango.
Peter brings a wealth of commercial experience in the mining exploration and developments sectors to the board. As a co-founder of Moxico Resources, Peter has enjoyed considerable success in bringing the 93.7Mt Mimbula Copper Project into production in Zambia.
Jeremy, meanwhile, has been working closely with Kavango since February 2022. Over this period, he has played a key role in enhancing the Company's exploration programmes. Jeremy now joins the board, as we enter the next crucial growth phase for Kavango.
I look forward to both Peter and Jeremy joining us in the New Year."
Further Details
The New Directors hold the following financial instruments in Kavango:
Holder | No. of shares held | No. of warrants or options held |
Jeremy Brett | 0 shares | 3,000,000 5p options* |
Peter Wynter Bee | 6,218,182 shares** | 1,000,000 8.5p warrants** 5,000,000 3p warrants** |
* Awarded 4 January 2022 ** Held in Wynter Bee Resources Ltd, a company in which Peter Wynter Bee holds a 25% stake and his wife, Sarah Wynter Bee, holds a 25% stake | ||
Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
bturney@kavangoresources.com
+46 7697 406 06
First Equity (Broker)
+44 207 374 2212
Jason Robertson