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RESOURCE GENERATION LIMITED - CFO Appointment

Release Date: 10/02/2020 08:19
Code(s): RSG     PDF:  
 
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CFO Appointment

    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”)


    10 February 2020


                                                                   CFO Appointment


    Resource Generation Limited (ASX:RES/JSE:RSG)(Company or ResGen), an
    emerging ASX and JSE listed coal producer, is pleased to announce the appointment of
    Brian Harvey as Chief Finance Officer (CFO) commencing 1 June 2020.
    Brian has over 15 years’ experience in senior finance roles after having initially qualified
    and worked as a mechanical engineer. He then undertook a conversion course to obtain
    a BCom (Hons) and qualified as a CA (SA) in 2004.
    He has worked for multinational, foreign listed and JSE listed companies, principally in
    the resources sector, including Weir Minerals Africa and Middle East, Royal Bafokeng
    Holdings Pty Ltd and Anglo American plc. He has both strategic and operational level
    experience in the finance area and importantly has been involved with the oversight of
    the delivery of a number of capital projects.
    Papi Molotsane, Interim CEO and MD of Resgen said: “We welcome Brian to our
    management team and we look forward to his contribution in our quest to build a world
    class coal mining operation”.
    On behalf of the Board
    Lulamile Xate
    Chairman

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, Michael Gray, Gregory Hunter
Interim CEO: Leapeetswe Molotsane
Company secretary: Mike Meintjes
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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Date: 10-02-2020 08:19:00
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