Appointment of Managing Director - Seite 2

Background on Tom Hickey

Tom joined Kenmare in September 2022 as Finance Director. Since then, he has led the refinancing of the Company’s previous debt facilities with a $200 million Revolving Credit Facility, which provides additional financial flexibility for Kenmare during the upgrade and transition of Wet Concentrator Plant A to Nataka. He has also taken a central role in the negotiations with the Government of Mozambique relating to the renewal of the Company’s Implementation Agreement, which governs the Industrial Free Zone forming part of the Moma Mine.

Tom has 24 years’ experience as an Executive and Non-Executive Director of various public companies, including eight years as Chief Financial Officer of the African and South American-focused oil and gas producer Tullow Oil plc (“Tullow”) from 2000 to 2008. During this time, he developed and implemented the financial strategy that saw Tullow grow from a micro-cap company to a FTSE 100 business valued at $15 billion. He was central to the success of major acquisitions and debt and equity fundings, as well as responsible for capital allocation of an annual budget of over $700 million.

Tom also held senior financial roles with the oil and gas exploration company Petroceltic International plc between 2010 and 2016, including latterly as Chief Financial Officer.

Tom has strong Board-level experience, having previously served as an Independent Non-Executive Director with United Oil & Gas plc and Petroneft Resources plc. Tom has a Bachelor of Commerce degree and a Diploma in Professional Accounting, both from University College Dublin, and he is a Fellow of the Irish Institute of Chartered Accountants.

This announcement is made pursuant to UK Listing Rule 6.4.6.

For further information, please contact:
  
Kenmare Resources plc
Jeremy Dibb / Katharine Sutton / Michael Starke
Investor Relations
[e-mail]
Tel: [phone]
Mob: + 353 87 943 0367 / + 353 87 663 0875

Murray (PR advisor)
Paul O’Kane
[e-mail]
Tel: [phone]
Mob: [phone]

Richie Oakley
[e-mail]
Tel: [phone]
Mob: [phone]

About Kenmare Resources

Kenmare Resources plc is one of the world's largest producers of mineral sands products. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma's production accounts for approximately 7% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday quality-of-life items such as paints, plastics and ceramic tiles.

All monetary amounts refer to United States dollars unless otherwise indicated.