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Finnaust Mining plc ORD 0.01P

FinnAust Mining PLC Strengthens Management Team to support the Development of the Pituffik Titanium Project

FinnAust Mining plc ORD 0.01p (LON:FAM) the AIM and FSE listed company with projects in Greenland & Finland, is pleased to announce that it has finalised two senior appointments to strengthen the development team as it continues to evaluate commercialisation of the Pituffik Titanium Project in Greenland (‘Pituffik’ or the ‘Project’), where metallurgical test work has demonstrated the potential for commercial production of an ilmenite product from a pure, high-grade mine concentrate.

Hans Jensen (‘Hans’) has been appointed as Chief Operating Officer. Hans has more than 30 years of experience managing and operating Greenland wide logistical, transport and resupply chains, as well as international shipping. Hans has previously held senior roles in the largest Greenland transportation and logistics companies such as Royal Arctic Line AS and Leonhard Nilsen & Sønner AS where he was Vice-President in charge of Projects and Transportation. Hans is also familiar with permitting regulations required by the various Ministries of Greenland regarding these types of activities.

In addition, the Company has also engaged Eric Sondergaard (‘Eric’) as Manager of Geology. Eric is a graduate of the University of Calgary, has extensive experience in Greenland and has worked on similar sedimentary type projects in Canada. Eric also managed the exploration team that uncovered the super-giant Kvanefjeld Rare Earth project in Greenland.

FinnAust Mining plc ORD 0.01p CEO Roderick McIllree said, “Today’s appointments continue to demonstrate our commitment to the Project. Hans is one of the most experienced supply chain experts in this part of the world. Eric is an experienced Greenlandic operator having executed several large-scale projects prior to this. I expect their appointments to have an immediate positive impact on the work programmes currently being designed and implemented as we continue to develop Pituffik. We look forward to the maiden JORC resource for Pituffik and further additions to the team in the medium term.”

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