Ferrum Option Extension and Directorate Change (0117T)

TIDMEML

RNS Number : 0117T

Emerging Metals Limited

30 November 2011

For Immediate Release: 0700hrs 30 November 2011

Emerging Metals Limited

("EML" or the "Company")

Extension of Ferrum Option Period

Change to Board of Directors

Extension of Ferrum Option Period

Further to its announcement on 3 June 2011, the Company confirms that the deadline for exercise of its option to acquire all the issued and to be issued ordinary shares of Ferrum Resources Limited ("Ferrum") not already owned by it has been extended from 30 November 2011 to 31 January 2012, with completion of the acquisition not later than 31 March 2012.

The Company is currently interested in 37.23 per cent. of the issued share capital of Ferrum.

Change to Board of Directors

The Company also announces that Mitchell Alland, who has been a member of the board of EML ("Board") since his appointment in January 2008, has stood down from the Board with immediate effect. The Company will seek to appoint a replacement non-executive director in due course.

Jim Mellon, Executive Co-Chairman of EML, said: "The Board would like to thank Mitch for his valued contribution during his time with the Company and wish him well for the future."

For further information:

 
 Emerging Metals       Religare Capital        Evolution Securities   GTH Communications 
  Limited               Markets Limited         Limited 
 Denham Eke            Peter Trevelyan-Clark   Jeremy Ellis           Toby Hall 
                        Emily Staples           Matt Tyler             Suzanne Johnson 
                                                                       Walsh 
                       [phone]         [phone]         [phone] 
 [phone]    0800                    4300                   3902 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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