23 Nov

NMT Board Succession Planning

23 November 20 2 1 ACN 099 116 361 Level 1 , 1292 Hay Street West Perth WA 6005 Locked Bag 8 West Perth WA 6872 T: +61 8 9322 1182 F: +61 8 9321 0556 info@neometals.com.au neometals.com.au NMT BOARD SUCCESSION PLANNING s Innovative p roject development company, Neometals Ltd (ASX: NMT) (“ Neometals ” or “ the Company ”) , advises that after almost 20 years serving in executive, chair and non - executive director capacities , Mr David Reed, intends to retire from the Board at the upcoming Annual General Meeting on 30 th November 2021. David founded Neometals (previously Reed Resources Ltd) in 2003 as Executive Chairman and has been instrumental in the Company’s succ ess. David became a N on - executive Chairman in 20 12, Non - executive d irector in 2015 and has been pivotal in guiding Neometals ’ growth in the minerals sector and its transition towards sustainable materials recovery. Given Neometals ’ current robust market position and strength of board composition, David has chosen to step aside at this time in order to focus on his family and his extensive involvement in charitable e ndeavours. As a major shareholder, David has a v ested interest in the Company’s ongoing success and his industry insights will remain important to Neometals as it approaches a dual listing on the London Stock Exchange with multiple project financial invest ment decisions foreshadowed in 2022. Neometals’ Chairman, Steven Cole commented: “ As a founding Director of Neometals, David has been instrumental in guiding the Company to its present position of strength. David’s counsel, industry insights and character, both at the board table and in the community, will be missed. As a veteran in the ASX listed minerals and materials space, David’s ethical standards and approach to organisational culture are now ingrained a s the way of doing business for the Co mpany. We all thank David for his service and the legacy of his contribution .” Retiring Non - Executive director, David Reed said: “ After 20 years of active involvement with Neometals, the Company and its stakeholders all remain dear to my heart. I remain ac tively invested as a major shareholder going forward and I know I leave the Company in the capable hands of the current Board , led by Steven Cole as Chair, and its CEO Chris Reed, with whom I proudly co - founded the original Company on its 200 2 ASX listing. ” Authorised on behalf of Neometals by Christopher Reed, Managing Director ENDS For further information, please contact: Chris Reed Managing Director Neometals Ltd T: +61 8 9322 1182 E: info@neometals.com.au Jeremy Mc m anus General Manager - Commercial and IR Neometals Ltd T: +61 8 9322 1182 E: jmcmanus@neometals.com.au About Neometals Ltd Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. With a f ocus on the energy storage megatrend, the strategy focuses on de - risking and developing long life projects with strong partners and integrating down the value chain to increase margins and return va lue to shareholders. Neometals has three core projects that support the globa l transition to clean energy and span the battery value chain: Recycling and Resource Recovery: • Lithium - ion Battery Recycling – a proprietary process for recovering nickel, cobalt and other valuable materials from spent and scrap lithium batteries. Show cas e demonstration plant trials targeted for DecQ 2021with 50:50 JV partner SMS group. Targeting a development decision in Mar Q 2022; and • Vanadium Recovery – sole funding evaluation studies to form a 50:50 joint venture with Critical Metals Ltd to recover hi gh - purity vanadium pentoxide from processing by - products (“Slag”) from leading Scandinavian steelmaker SSAB. Underpinned by a 10 - year Slag supply agreement, Neometals is targeting an investment decision to develop a 200,000tpa processing plant in Dec Q 202 2. Upstream Industrial Minerals: • Barrambie Titanium and Vanadium Project - one of the world's highest - grade hard - rock titanium - vanadium deposits, working towards a development decision in 2022 with potential operating JV partner IMUMR and potential corners tone product off - taker, Jiuxing Titanium Materials Co.
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