Ironveld PLC Directorate Change (8798M)

TIDMIRON

RNS Number : 8798M

Ironveld PLC

19 September 2019

19 September 2019

IRONVELD PLC

("Ironveld" or the "Company")

Directorate Change

Ironveld plc, the owner of a High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the "Project") announces that Rupert Fraser has advised the Board of his resignation as a Non-Executive Director from the Company with immediate effect.

Giles Clarke, Chairman of Ironveld commented:

"I would like to thank Rupert for his valued contribution to the Board and speak on behalf of the Company and Board in wishing him every success in the future."

For further information, please contact:

 
Ironveld plc                                     c/o Camarco 
 Giles Clarke, Chairman                           [phone] 
 Peter Cox, Chief Executive 
 
  finnCap (Financial Adviser) 
  Christopher Raggett / Hannah Boros               [phone] 
 
  Shore Capital (Nominated Adviser and Broker) 
  Jerry Keen / Toby Gibbs                          [phone] 
 
  Camarco 
  Gordon Poole / Kimberley Taylor / Thayson 
  Pinedo                                           [phone] 
 

Notes to Editors:

Ironveld (IRON.LN) is the owner of a High Purity Iron (HPI), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province South Africa. Ironveld expects to mine its own VTM ore as feedstock for a 7.5 MW DC smelter which will produce speciality iron products including high purity iron powder as well as vanadium and titanium slag products.

The Definitive Feasibility Study published in April 2014 confirms the project's viability to deliver an exceptionally high-grade iron product (99.5% Fe) called High Purity Iron which commands a premium in the market place. Vanadium and Titanium slag containing commercial grades of vanadium and titanium will also be produced and sold.

Ironveld's Board includes; Giles Clarke as Chairman, Peter Cox as CEO, Vred von Ketelhodt as CFO, Nick Harrison and Duncan Harvey as a Non-Executive Directors.

Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.

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September 19, 2019 02:02 ET (06:02 GMT)