We note the announcement yesterday from Pathfinder Minerals Plc regarding the proposed Board reshuffling and appointments of Blair Sergeant and Simon Farrell to CEO & Co-Chairman roles – two senior mining executives whose expertise and deep knowledge of both Africa and heavy mineral sands we respect.

Given the new Board appointments we confirm that we have now withdrawn the EGM requisition and support the new composition of the Board and believe we are in the best position we have been for a long time to, finally, hopefully conclude a deal outside of the courts which is in all Pathfinder Minerals shareholders interests.

• Pathfinder Minerals