RESOURCE GENERATION LIMITED - Despatch of the Notice of Meeting

Despatch of the Notice of Meeting

    Resource Generation Limited
    Registration number ACN 059 950 337
    (Incorporated and registered in Australia)
    ISIN: AU000000RES1
    Share Code on the ASX: RES
    Share Code on the JSE: RSG
    (“Resgen” or the “Company”)
    30 October 2018
    ASX Announcement

                                                                     2018 AGM
    Despatch of the Notice of Meeting

    Resource Generation Limited (ASX:RES) (Resgen or Company) is pleased to
    announce that it has today despatched the Notice of Meeting for the Annual General
    Meeting to be held at 10am (Brisbane time) on Friday 30 November 2018 at the office
    of Minter Ellison, Level 22, Waterfront Place, 1 Eagle Street, Brisbane, Qld 4000.

    Shareholders can also view the on-line version on the Company’s website at
    http://www.resgen.com.au/investors-and-media/announcements/2018

    Retirement of a Non-Executive Director

    Peter Watson who was appointed as a director on 22 November 2017, to fill a casual
    vacancy, has advised the Board that he does not wish to stand for election due to
    competing demands on his time. Peter has been a valuable contributor to Board
    discussions and has been actively involved as Chair of the Remuneration Committee
    and a member of the Audit Committee. The Board would like to thank him for his
    contribution and wish him well in his future endeavours.

    Peter will retire from the Board at the conclusion of the Annual General Meeting.

    The Nomination Committee has commenced a process of identifying a suitably
    experienced replacement to the Board to ensure compliance with the Corporations Act
    2001 requirement for a public company to have two Australian resident shareholders.

    Change of Auditor
Resource Generation Australia (ACN 059 950 337)
c/o Level 1, 17 Station Road, Indooroopilly, QLD, 4068
GPO Box 126, Albion QLD 4010. Phone +27 (011) 010 6310 Fax +27 (086) 539 3792
Directors: Lulamile Xate (Chairman), Robert Croll, Dr. Konji Sebati,
Colin Gilligan, Leapeetswe Molotsane, Manish Dahiya, Peter Watson               www.resgen.com.au
Acting CEO: Leapeetswe Molotsane
Company secretary: Mike Meintjes
   
   In July 2018, the Company conducted a tender process for the statutory audit of
   Resource Generation Limited and its subsidiaries. BDO Audit Pty Ltd was selected by
   the Audit Committee as the preferred tenderer based principally on their approach,
   experience in the sector and their financial proposal. The Board has approved the
   recommendation of the Audit Committee and approval for the change is in the process
   of being obtained from the Australian Securities and Investment Commission (ASIC).

   In accordance with section 327C of the Corporations Act 2001 and subject to receipt of
   the ASIC approval, a resolution will be placed before Shareholders at the 2018 Annual
   General Meeting to ratify the appointment of BDO Audit Pty Ltd.

   Lulamile Xate
   Chairman
   For and on behalf of the Board


   About Resgen:

   Resource Generation Limited (Resgen) is an emerging ASX and JSE-listed energy company,
   currently developing the Boikarabelo Coal Mine in South Africa’s Waterberg region. The Waterberg
   accounts for around 40% of the country’s currently known coal resources. The Coal Resources
   and Coal Reserves for the Boikarabelo Coal Mine, held through the operating subsidiary Ledjadja
   Coal, were recently updated based upon a new mine plan and execution strategy. The Boikarabelo
   Coal Resources total 995Mt and the Coal Reserves total 267Mt applying the JORC Code 2012
   (ASX Announcement :23 January 2017- In accordance with Listing Rule 5.23.2 the Company
   confirms that it is not aware of any new information that would impact on the Reported Coal
   Resources and Coal Reserves). Stage 1 of the mine development targets saleable coal production
   of 6 million tonnes per annum. Ledjadja Coal is a Black Economic Empowerment subsidiary (BEE)
   operating under South Africa’s Broad-based Black Economic Empowerment Act, Section 9(5):
   Codes of Good Practice.

   ResGen’s primary shareholders are the Public Investment Corporation of South Africa (PIC), Noble
   Group and Altius Investment Holdings.



   For further information please contact:

   Mike Meintjes, Company Secretary on mmeintjes@resgen.com.au or +61 413 706 143

   Media enquiries:

   South Africa: Marion Brower on +27 11 880 3924

   JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited




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