logo-loader
viewPensana Metals Ltd

Pensana Metals appoints Kaplan as CFO ahead of planned LSE listing next month

Pensana’s flagship asset is its globally significant Longonjo NdPr Project in Angola.

Pensana Metals Ltd -
Neodymium and Praseodymium (NdPr) are globally critical rare earth elements

Pensana Metals Ltd (ASX:PM8) has appointed Robert Kaplan as chief financial officer (CFO) and company secretary of Pensana Rare Earths Plc ahead of its planned listing on the main Board of the London Stock Exchange next month.

The UK plc company is proposing to acquire the ASX-listed entity which will be voted on by shareholders on 15 January 2020.

Kaplan previously worked in financial and treasury roles for Petra Diamonds (LON:PDL) where he was involved in mine financing valued at over US$1 billion from multiple sources.

Pensana aims to become one of the world’s biggest suppliers of NdPr exporting concentrates through the development of its Longonjo NdPr Project in Angola.

Finance experience to accelerate Longonjo development

Pensana’s chairman Paul Atherley said: “We welcome Rob to the team. He brings extensive African mine finance and operational expertise to the company at a time when we are making the transition from feasibility studies into financing, construction and production. 

“Rob is based in Africa and has worked previously with our CEO Tim George in Angola.

“His broad corporate finance skills will help accelerate the development of Longonjo as the world’s first major rare earth mine in nearly a decade.”

“Robert is a Chartered Accountant with over 20 years operating experience in the African mining sector.

“His addition to the Pensana team brings a broad skill set in both the UK and sub‐Saharan corporate finance together with experience in mining operations in Angola, South Africa and Tanzania."

Familiar with CEO and Angola

Kaplan added: “Having previously worked with Tim George in Angola I am absolutely delighted to have the opportunity to join the team to work on this exciting project.

“Angola has made transformational changes since we both last worked there and this bodes well as we are looking to rapidly advance the Longonjo project from pre‐feasibility status into production and become the first major rare earth mine to be developed at a time when demand for magnet metals is taking off.“

Quick facts: Pensana Metals Ltd

Price: 0.18 AUD

ASX:PM8
Market: ASX
Market Cap: $27.54 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Pensana Metals Ltd named herein, including the promotion by the Company of Pensana Metals Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Pensana Metals Ltd - Proactive Mining Capital conference

Pensana Metals Ltd's (ASX:PM8) Paul Atherley presents to investors at the Proactive Mining Capital conference in London. Pensana's continuing to progress site activities and overall project development and financing of the Longonjo NdPr (neodymium and praseodymium) project in Angola.

on 4/12/19

2 min read