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Finnaust Mining plc ORD 0.01P

FinnAust Mining PLC Appointment of mineral sands specialist, Greenland

FinnAust Mining plc ORD 0.01p (LON:FAM), the AIM and FSE listed company with projects in Greenland & Finland, have today announced that it has engaged the services of Titanium Industry Global Advisory Pte Ltd (‘TIGA’) as marketing advisor to the Company. TIGA is an advisory firm specialising in providing strategic and commercial direction to the mineral sands industry with focus on titanium dioxide (‘TiO2’) feedstocks.

Bruno Cavalancia, Managing Director of TIGA, a mining professional with over 25 years of experience in the mineral sands industry, will guide the Company towards commercialisation and strategic partnering for the Pituffik Titanium Project in Greenland (‘Pituffik’ or the ‘Project’), where metallurgical test work has highlighted the potential for commercial production of an ilmenite product from a pure, high-grade mine concentrate.

Prior to TIGA, Bruno was Head of Commercial and Strategic Development – Asia for Kenmare Resources Plc (‘Kenmare’). For the last five years of his career at Kenmare he was based in Singapore where he managed the company’s business development efforts in China, India and Japan. His career in the industry started at Rio Tinto where he worked for 20 years in senior global and regional roles within the titanium business unit, including Director of Business Development, Global Director of Sales and Marketing and VP, Sales and Marketing – Asia. He is recognised for developing and executing market entry and growth strategies as well as establishing competitive intelligence platforms and building long-term customer and stakeholder relationships throughout Asia, Europe and the United States.

FinnAust Mining plc ORD 0.01p CEO Roderick McIllree said, “With a maiden JORC resource expected in the coming months ahead of bulk sampling in 2017, and metallurgical test work highlighting the potential for a commercially pure, high-grade concentrate, we remain committed to the fast-paced development of Pituffik. In support of this, we are delighted to have appointed TIGA as we look to prove up the Project’s commercial viability. Bruno’s proven experience within the mineral sands industry will be invaluable in positioning our product for sale and identifying potential end-users in order to maximise the value potential of Pittufik. We look forward to working with him to support the on-going growth of the Project.”

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