Perseus Appoints Additional Non-Executive Director

perth, May 02, 2024 (GLOBE NEWSWIRE) -- perseus mining appoints additional independent non-executive director to its board

Perth, Western Australia/May 2, 2024/Perseus Mining Limited (ASX/TSX:PRU) (Perseus or the Company) is pleased to advise that Mr Rick Menell has agreed to join the Board of Perseus in the role of non-executive, independent Director and will take up this position with immediate effect.

Rick is an eminent South African citizen whose business career has spanned over 40 years and has involved senior leadership roles in a range of major African based resources companies.

Trained originally as an exploration geologist at Cambridge and Stanford universities, Rick worked as a geologist in Canada, USA and South Africa before spending time as an investment banker for the mining industry in New York and Australia with JP Morgan. After a period as an executive director for Delta Gold in Australia, working on new gold mines in Australia and gold and platinum projects in Zimbabwe, he returned to South Africa in 1991 and rejoined the mining industry there as finance director for diversified mining company Anglovaal Mining.

Rick led Anglovaal Mining from 1996 as CEO and then Executive Chairman until 2004. During this time, he managed the restructuring, transformation and modernisation of the group, including major investments in new platinum, gold, manganese, chrome, iron ore, coal and nickel mines in South Africa, new ferrochrome and ferromanganese smelters in South Africa, and investments in copper and cobalt mining, smelting and refining in Zambia. This work continued when he merged Anglovaal with Patrice Motsepe’s ARM to form African Rainbow Minerals, where he remained Deputy Chairman, and also CEO of subsidiary Teal Mining and Exploration Inc, until he left the group in 2008.

Up to 2011, Rick also served as President of the SA Minerals Council, Chairman of Tourism SA, Chairman of Bateman Engineering, Deputy Chairman of Harmony Gold and of Associated Manganese Mines, and a director of Standard Bank Group, Telkom South Africa and Mutual & Federal Insurance. He has been a director of the World Gold Council, senior advisor to the WTO, the IOM and a Mining Council member for the World Economic Forum. He is a Fellow of the Geological Society (London), and of the SAIMM and the AusIMM.