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Cornish Metals Inc. (LSE:CUSN) has announced the appointment of Don Turvey as the new Chief Executive Officer (CEO) and Director of the Company, effective September 1, 2024, pending UK work visa approval. Don Turvey will relocate from South Africa to Cornwall, where he will be based.
Background and Experience of Don Turvey
Don Turvey brings over 40 years of experience in the mining sector to his new role. His background includes senior management positions in production, project execution, business development, and minerals resource management. Since 2008, Turvey has served as CEO for various private, ASX, and AIM-listed mining companies, where he successfully funded and brought new projects and historic mines into production. His experience also includes leading multiple mergers and acquisitions. Before this, Turvey spent over two decades at BHP Billiton, holding roles such as General Manager and Vice President of Project Development.
Statement from Patrick Anderson
Patrick Anderson, Chair of Cornish Metals, welcomed Don Turvey to the role, stating that Turvey’s extensive experience in commercial and operational roles will guide Cornish Metals as it progresses with the South Crofty project. Anderson also expressed appreciation for Ken Armstrong's contributions as Interim CEO during the recent transitional period.
Don Turvey’s Remarks
Don Turvey expressed enthusiasm about joining Cornish Metals and working with the project team to advance the South Crofty project towards production. He highlighted his commitment to contributing to the company’s vision of revitalizing tin mining in Cornwall.
Changes in Company Leadership
Following Turvey’s appointment, Patrick Anderson will revert to his role as Non-Executive Chair of the Board, while Ken Armstrong will continue as Non-Executive Director.
Don Turvey does not currently hold any common shares in Cornish Metals. He previously served as CEO of Continental Coal Limited, which entered a standstill arrangement with creditors in February 2014 and was liquidated in 2016.
About Cornish Metals
Cornish Metals is a mineral exploration and development company listed on AIM and TSX-V: CUSN. The company is advancing the South Crofty high-grade, underground tin project in Cornwall, UK. South Crofty, with a history of continuous operation from 1592 to 1998, is now poised for redevelopment. The project has Planning Permission for underground mining and all necessary infrastructure, including an Environmental Permit for dewatering the mine.
Project Highlights
- South Crofty is noted for its high-grade tin resources and existing mine infrastructure.
- The 2024 Preliminary Economic Assessment estimates an after-tax NPV8% of US$201 million and a 29.8% IRR.
- The project could produce an average of 4,700 tonnes of tin annually over its early years.
- The project benefits from local, regional, and national government support and could create up to 320 jobs.
