26 Nov

Retirement of The Hon. Cheryl Edwardes AM

Vimy Resources Limited Telephone: +61 8 9389 2700 First Floor, 1209 Hay Street Website: vimyresources.com.au West Perth Western Australia 6005 ASX Announcement 2 6 November 202 1 Retirement of The Hon. Cheryl Edwardes AM Vimy Resources Limited ( ASX:VMY, OTCQB:VMRSF ) ( Vimy or Company ) announces that having achieved notification of substantial commencement for the C ompany’s flagship Mulga Rock Project, its long - serving chairperson, The Hon. Cheryl Edwardes AM, has advised the Company of her intention to retire from the Board on or around 1 March 2022. Ms Edwardes has served on Vimy’s B oard and as the Company’s Independent Non - Executive Chairperson since 2014 and has tirelessly n avigated Vimy through the project development process that has culminated in Mulga Rock achieving the critical substantial commencement milestone . Commenting o n her decision to retire in ealy 2022, Ms Edwardes said: “I had committed to the Board to remain with the Company to see the substantial commencement of development activities at our world - class Mulga Rock Uranium Project. I am absolutely delighted that t his significant milestone in Mulga Rock’s development has now been achieved, putting Vimy on a clear path to becoming Australia’s next uranium producer and a global clean energy supplier. Coupled with the recent appointments of Wayne Bramwell as an Indepen dent Non - Executive Director and our interim CEO Steven Michael as an Executive Director from next week , the Company is in very good hands and enjoying strong and positive momentum in our quest to deliver sustained shareholder value. It is therefore the rig ht time for me to help the Board undertake a global search to identify the next chair before I hand over the baton to my successor early next year. My confidence in Vimy’s future success remains as high as ever and I thank shareholders for their unwavering support – and patience – over the years as we stuck to our goal of delivering on Mulga Rock’s potential.” On behalf of the Board, Non - Executive Director, Dr Tony Chamberlain said : “Cheryl’s contribution to Vimy has been significant . U nder her stewardship she has navigated the C ompany through the difficult early phases of project development, approvals and early work program. Her steady and clear vision of what Mulga Rock could be and strength in leadership during the down cycle in the uranium market now positions Vimy with an advanced uranium development project that will be a significant contributor to the Kalgoorlie region and Western Australia. The Board, management and shareholders sincerely thank Cheryl for her contribution to Vim y and look forward to her attend ing the opening of Western Australia’s first uranium project in the future as one of the key people who assisted in its evolution . ” Released for and on behalf of the Board of Vimy Resources Limited Vimy has adopted Towards Sustainable Mining ® an award - winning accountability framework which helps minerals companies evaluate, manage and communicate their sustainability performance. Adopting the independently verified system will reinforce Vimy’s commitment to continuous improvement in sa fety, environmental and social governance (ESG). Committed to: The amount of natural uranium produced from Mulga Rock (3.5Mlbs pa U 3 O 8 ) if utilised in nuclear reactors which displaced coal - fired electricity would reduce carbon dioxide equivalent emissions by approximately 64 million tonnes That is equivalent to about 12% of Australia’s and 70% of Western Australia’s greenhouse gas emissions About Vimy Resources Vimy Resources Limited (ASX: VMY , OTCQB: VMRSF ) is a Perth - based resource development company. Vimy’s flagship project is the Mulga Rock Project (100%) , one of Australia’s largest undeveloped uranium resources, which is located 290km by road ENE of Kalgoorlie in the Great Victoria Desert of Western Australia. Vimy also wholly owns and operates the largest granted uranium exploration package in the world - class Alligator River uranium district, located in the Northern Territory. Vimy is exploring for large high - grade uranium unconformity deposits identical to those found in the Athabasca Basin in Canada. Vimy acknowledges the Traditional Custodians of the country on which we work and travel, throughout Australia, and respects their associated connections. Directors and Management The Hon. Cheryl Edwardes AM Non - Executive Chairman Wayne Bramwell Non - Executive Director Dr Tony Chamberlain Non - Executive Director Steven Michael Interim Chief Executive Officer Paula Arthur Manager Approvals and ESG Shannon Coates Company Secretary Scott Hyman Vice President Sales and Marketing Xavier Moreau General Ma nager, Geology and Exploration Matthew Owen Chief Financial Officer For a comprehensive view of information that has been lodged on the ASX online lodgement system and the Company website , please visit asx.com.au and vimyresources.com.au , respectively. Principal Place of Business First Floor 1209 Hay Street West Perth WA 6005 Postal Address: PO Box 23 West Perth WA 6872 T: +61 8 9389 2700 F: +61 8 9389 2722 E: info@vimyresources.com.au ABN: 56 120 178 949 Share Registry Automic Group T: 1300 288 664 (within Australia) +61 2 9698 5414 (outside Australia) W: investor.automic.com.au E: hello@automicgroup.com.au
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