RESOURCE GENERATION LIMITED - Non-Executive Director and Lead Independent Director Appointments

Non-Executive Director and Lead Independent Director Appointments

 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 November 2018
    ASX Limited
    Exchange Centre
    20 Bridge Street
    Sydney NSW 2000


    Non-Executive Director and Lead Independent Director Appointments
    Non- Executive Director
    Resource Generation Ltd is pleased to announce the appointment of Mr Michael Gray as an
    independent non-executive director of the Company.
    Michael is appointed to the Board following the resignation of Mr Peter Watson as a Non-Executive
    Director of the Company at the conclusion of the 2018 AGM. The appointment ensures continued
    compliance with the Corporations Act requirement for a public company to have two Australian
    resident directors.
    Michael has more than 25 years’ experience in the planning, approval, financing and development
    of resource and infrastructure projects and for the last 15 years has been focused on greenfield
    coal project development. He held executive roles at the Queensland Government’s Office of the
    Coordinator General and Macarthur Coal Limited and was Chief Executive Officer of Middlemount
    Coal Pty Ltd, where he had responsibility for development of the $600M Middlemount project from
    exploration project to operating mine. He has previously been a Director of Bandanna Energy
    Limited, Wiggins Island Coal Export Terminal Pty Ltd and the Queensland Resources Council.
    He holds a Bachelor of Engineering (Civil) and an MBA and is a graduate of the Australian Institute
    of Company Directors.
    The Board welcomes Michael and looks forward to his contribution.
    Lead Independent Director
    The Chairman of the Company is not regarded as independent due to his association with a
    significant Shareholder. Consequently, the Independent Directors have agreed that it would be
    appropriate from a governance perspective to appoint a Lead Independent Director. It is envisaged
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, Michael Gray
Interim CEO: Leapeetswe Molotsane
Joint Company secretaries: Mike Meintjes, Brendan O’Regan
that the role will include providing leadership to Independent Directors and advice to the Board on
matters where there may be an actual or perceived conflict of interest involving the Chairman.
The Board is pleased to announce that Rob Croll has been appointed to this position.
On behalf of the Board
Lulamile Xate
Chairman

About Resgen:

Resource Generation Limited (the “Company” or “Resgen”) is an emerging ASX and JSE-listed
energy company, currently developing the Boikarabelo Coal Mine (“the mine”) in South Africa’s
Waterberg coalfield. The Waterberg coalfield 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 Company’s operating subsidiary Ledjadja Coal, were updated in 2016 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 (BEE) subsidiary 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/ Charmane Russell on +27 11 880 3924

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




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