DGAP-News

EcoGraf Appoints Experienced Finance Director

DGAP-News: EcoGraf Limited / Key word(s): Personnel EcoGraf Appoints Experienced Finance Director 02.03.2021 / 10:45 The issuer is solely responsible for the content of this announcement. EcoGraf Appoints Experienced Finance Director

EcoGraf Limited (ACN 117 330 757) ("EcoGraf" or the "Company") (ASX: EGR) is pleased to announce the appointment to its Board of experienced finance executive and current Chief Financial Officer, Mr Howard Rae as an Executive Director.

Since joining the Company in 2017, Howard has played a key role with Managing Director Andrew Spinks in establishing the EcoGraf battery anode material business and advancing the new EcoGraf(TM) Australian processing facility towards construction and operations.

Commenting on the appointment, Chairman Robert Pett said:

"The Company's recently announced A$54.6 million institutional placement positions EcoGraf to accelerate its development plans to provide high purity battery anode materials for the lithium-ion market, to finalise the financing of the Epanko flake graphite mine and to advance its battery recycling business. As a result, it's essential that the Company has the blend of skills and experience to create the platform for further growth and build long-term shareholder value.

Howard's appointment as Finance Director fills an essential role on our Board and his strong financial and corporate expertise and experience will be invaluable in the continuing growth of our graphite products and recycling businesses."

Biography

Howard is a Chartered Accountant with over 20 years' experience in acquiring, developing, financing and operating a range of businesses in Australia, Canada, Asia, Africa and Europe.

During that time, he's been responsible for new business development, joint ventures, structuring and negotiating corporate, project and infrastructure funding transactions, product sales, risk management and implementing business improvement programs.

His career encompasses Corporate Finance and Chief Financial Officer roles with a number of successful publicly listed companies active internationally in the precious and base metals, steel-making materials and industrial minerals sectors. These organisations include South African resources group Kumba, Australian bulk commodities company Aquila Resources and the diamonds division of global miner Rio Tinto.