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Highlights
- Vanadium Resources has appointed Tim Feather as CFO.
- A highly experienced financier, Mr Feather specialises in corporate finance, law, and public markets.
- Over the coming months, further team additions are anticipated as VR8 is transitioning into a mid-tier mining company.
Vanadium Resources Ltd (ASX: VR8) has appointed Tim Feather, a highly experienced financer, as its Chief Financial Officer (CFO). He holds 25 plus years of corporate finance experience.
Mr Feather joins the company’s management team that managed the definitive feasibility study over the Steelpoortdrift Vanadium Project. The study delivered outstanding project economics, including a post-tax NPV of AU$1.9 billion, IRR of 42% post-tax, payback of 27 months and robust margins.
Rich Experience
Mr Feather completed his law degree from the University of Nottingham. He qualified as a chartered accountant with Deloitte in the UK.
Mr Feather has a diverse executive management skillset. He entered the field of corporate finance in 1995 as he joined Brown Shipley. He left Brown Shipley to co-found Westhouse Securities, heading corporate finance and specialising in fundraising and advising for mining and oil & gas companies.
In 2012, he joined WH Ireland, where the focus was on the resources sector. Later, he joined the Sumner Group in 2019 as business development director.
Presently, he works with Orcadian Energy plc, a North Sea oil development company, as a non-executive director.
With the development of its Steelpoortdrift project, located in South Africa, VR8 is in the process of transitioning into a mid-tier mining company. As the company is building out a team to transition its Tweefontein and Steelpoortdrift projects into the next global vanadium producer, it plans further appointments in the coming months, highlights VR8.
VR8 shares traded at AU$0.070 midday on 23 August 2023, up more than 4.4% from the last close.