Kavango Resources Plc announced a restructuring of the board to meet the future commercial needs of the Company. Donald McAlister and Alexandra (Alex) Rose Gorman join the Board and Peter Wynter Bee assumes a new role as Deputy Chairman. Alex is currently a Mining Analyst at Peel Hunt. As part of the restructuring, Brett Grist and Jeremy Brett will step down from the Company's board of directors with immediate effect. Brett will continue in his roles as Kavango's Chief Operating Officer and Company Secretary, while Jeremy will continue to in his role as a Senior Geophysical Consultant to the Company. Alex, meanwhile, is a well-respected mining analyst for Peel Hunt. Alex brings with her a rare combination of technical geological and financial market experience. Importantly, Alex also has direct experience of the Kalahari Copper Belt in Botswana, having started her career working for Dave Catterall on the Zone 5 Discovery 10 years ago. Donald brings years of experience of operating in Zimbabwe and raising funds for many projects. He was a founding director and remains on the board of Tertiary Minerals plc.
Previously he was Finance Director of Mwana Africa plc, Ridge Mining plc and Reunion Mining plc and has served on the Board of Bindura Nickel Corporation and Freda Rebecca Gold mine, both in Zimbabwe. He also worked at Enterprise Oil plc, Texas Eastern N Sea Inc. and Cluff Oil Holdings plc. He has over 20 years' experience in all financial aspects of the resource industry, including metal hedging, tax planning and economic modelling. Donald's experience also includes the economic evaluation of gold and base metal mines and the arranging of project finance for feasibility studies and mine developments. He was also involved in the listing of Reunion Mining plc on the Luxembourg and London Stock Exchanges and the listing of Ridge Mining on AIM.
Mr McAlister will take on the responsibility of Chairman of the Audit Committee. Alex trained as a geologist and worked with Dave Catterall in Botswana. She is currently a Mining Analyst at Peel Hunt, covering small and mid-cap mining companies listed in London. Prior to that, Alex worked in BMO's commodities team, and in various analytical and consulting roles at Wood Mackenzie. She brings a wealth of banking and analytical experience. Donald's and Alex's appointments will take effect following the Company's 2024 AGM which takes place on 6 June.