Kevin Tomlinson brings global industry experience to Plymouth Minerals
Published 08-JUN-2017 10:22 A.M.
2 minute read
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Plymouth Minerals (ASX: PLH) has strengthened its Board with the appointment of Mr Kevin Tomlinson as Non-Executive Chairman.
Tomlinson possesses over 30 years’ experience in mining and finance within the Toronto, Australian and London stock markets. He is a resident of London, England, placing him in close proximity to the San Jose lithium-tin project located in Spain.
This is a highly advanced lithium project with an established mineral resource. PLH is progressing the project towards development, and in so doing can earn up to 75% by completing a feasibility study within four years.
Tomlinson’s inclusion on the Board brings a strong mix of industry and corporate experience, as well as an extensive knowledge of a broad range of geographic regions.
His background in project finance, development and mining experience includes previous roles as Managing Director at Westwind Partners/Stifel Nicolaus (investment banking) and the Boards of Centamin Plc and Medusa Mining (mining companies).
Tomlinson is also the Non-Executive Chairman of ASX-listed Cardinal Resources which is developing a large gold project.
In highlighting the valuable experience that Tomlinson possesses, PLH’s Managing Director, Adrian Byass said, “The company is excited by the addition of Mr Tomlinson to the Board and believes that his experience in project funding and development will add significant value to Plymouth’s mineral assets, led by the highly advanced San Jose lithium-tin deposit in Spain.”
It should be noted here that this is still a speculative stock and investors considering this stock for their portfolio should seek professional financial advice.
As well as earning 75% of San Jose by refreshing historic feasibility study, which involves open pit mining and a process flow sheet to produce lithium carbonate on site, PLH recently announced a maiden JORC resource and metallurgy work updates. Byass said the company plans to lodge a Mining Lease Application over San Jose in the third quarter of 2017.
PLH recently announced investment into its Spanish subsidiary holding company via London-based Reabold Resource Plc. and is investigating opportunities to create shareholder value through divestment of its highly advanced lithium-tin assets in Spain and its large, well located potash projects on the coast of Gabon.
As part of the strengthening of the Board, current Executive Chairman Adrian Byass will assume the role of Managing Director. Subject to regulatory and shareholder approval, Mr Tomlinson will receive 2 million Options over Ordinary Shares with a strike price of $0.32. Plymouth will call a shareholder meeting to seek approval to issue.
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