Last checked at 22 Oct 2021 07:00
Trading Symbols
AIM: UFO
FWB: I3A1
22 October 2021
Alien Metals Ltd
("Alien" or "the Company")
Board Strengthened with Appointment of Experienced Mining Executive as Non-Executive Director
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to announce the appointment with immediate effect of Jonathan (Jo) Battershill as a Non-Executive Director of the Company.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
"We are really pleased to welcome Jo to the Board as we know his experience and knowledge will add significantly to the Company and the projects. He has been working in an advisory capacity over the last few months so we already appreciate the potential he adds to the Board. With his geologist career, followed by his corporate and business experience, he brings a great combination to the team and I am really looking forward to working with him going forward and having his experience to support the growth of Alien."
Jo graduated as a geologist from the Camborne School of Mines in 1995. His career spans over 25 years in global mining, business development and finance based across Australia, the UK, North America and the Caribbean. His industry experience includes senior operational and business development roles with WMC Resources as well as significant stockbroking and banking experience at Hartleys, Citigroup, UBS and Canaccord in Perth, Sydney and London. While as an analyst with UBS, Jo was voted the number one mining analyst in Australia for 6 years.
Between UBS and Canaccord, Jo ran a private consulting and advisory business where he advised public and private corporates in the natural resources sector on strategy, M&A and capital raisings with transactions totalling over c.US$300m.
He currently serves as the Chief Executive Officer of LSE listed Anglesey Mining plc, the Non-Executive Chairman of Black Dragon Gold Corporation and Non-Executive Director of Silver Mines Limited, both ASX listed.
In addition, the Company announces that Jo will be granted options over the common shares of the Company ("Options") under the terms of the Company's EMI Share Option Plan, which also makes provision for the award of non-EMI share options, as set out below:
No of Unapproved Options | Exercise Price (pence) | Exercisable from | Exercisable to |
10,000,000 | 1.00 | 6 months from issue | 3 years from issue |
10,000,000 | 1.15 | 6 months from issue | 3 years from issue |
15,000,000 | 1.45 | 6 months from issue | 3 years from issue |
Accordingly, under the UK Corporate Governance Code, which has been adopted by the Company, he will not be regarded as an independent director.
As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies further disclosures on Jo Battershill are as follows.
Jonathan ("Jo") Lesland Battershill, aged 51, has held the following directorships and/or partnerships in the past five years:
Current | Past |
Anglesey Mining Plc | None |
Black Dragon Gold Corporation, Canada |
|
Silver Mines Limited |
|
JJB Advisory Limited |
|
E-Cycle Metals Limited |
|
Black Dragon Gold Corp, Australia |
|
There is no further information on Mr Battershill required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information please visit the Company's website at www.alienmetals.uk, or contact:
Alien Metals Limited
Bill Brodie Good, CEO & Technical Director
(via St-James' Corporate Services, Company Secretary)
Tel: +44 20 7796 8644
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish
www.beaumontcornish.com
Tel: +44 (0) 207 628 3396
Turner Pope Investments (TPI) Limited (Broker)
Andrew Thacker / James Pope
Tel: +44 (0) 20 3657 0050
Yellow Jersey PR (Financial PR)
Sarah Hollins / Joe Burgess / Matthew McHale
alienmetals@yellowjerseypr.com
Tel: +44 (0) 20 3004 9512
Notes to Editors
Alien Metals Ltd is a mining exploration and development company listed on AIM of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities, with its operations located in proven mining jurisdictions and it has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets.
In 2019, the company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and has recently entered into a conditional agreement to increase its interest to 90%. In 2020 the company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the surrounding Munni Munni North Exploration Tenement. The Australian projects are located in the world-renowned Pilbara region of Western Australia.
The Company also holds two silver projects, San Celso and Los Campos, located in Zacatecas State, Mexico's largest silver producing state, which produced over 190m Oz of silver in 2018 alone, accounting for 45% of the total silver production of Mexico for that year. The Company holds a Copper Gold project in the same region, Donovan 2.
The company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.
In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects, Alien Metals has identified priority exploration targets within all of its projects which it is working to advance systematically.