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Neometals Ltd

Neometals adds two experienced directors ahead of demerger

Further details on the demerger will be provided at the upcoming annual general meeting.

board room
The AGM will be held on 30 November 2018

Neometals Ltd (ASX:NMT) has appointed Dr Jennifer Purdie and Leslie Guthrie as non-executive directors to the company board.

Both Dr Purdie and Mr Guthrie are well‐credentialed professionals who bring extensive experience and skills to Neometals ahead of its plan to demerge its titanium-vanadium assets.

The Barrambie Titanium‐Vanadium Project will be spun out into a new ASX‐listed company referred to as NewCo.

READ: Neometals to demerge titanium-vanadium assets, focus on lithium

Dr Purdie is the CEO for Adani Australia Renewables and has had held roles in engineering, senior technology, strategy and operations for leading international mining companies.

Guthrie brings over 40 years of experience including high‐level roles within senior corporate management, project management and capital program development in the UK, Australia, North America and Asia.

READ: Neometals receives 50 cent price target from Euroz

Neometals’ chairman Steven Cole said: “We are delighted to welcome both Jenny and Les to the board of Neometals.

“Their respective skills and exceptional experience across numerous industries align well with our growth strategy, and our current stage of development across both the integrated lithium and titanium/vanadium business arms.

“With the Neometals NewCo demerger timeline advancing well, we are pleased to have a full complement of skills to draw from to finalise the Board composition for both companies.”

Shareholders will likely be voting on a number of resolutions related to the demerger at the annual general meeting (AGM) on 30 November 2018.

Quick facts: Neometals Ltd

Price: $0.18

Market: ASX
Market Cap: $95.28 m
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