Directorate Resignation
Sovereign Metals Limited announces the resignation of Dr Julian Stephens as a Non-Executive Director, effective immediately, after a significant tenure including his role as Managing Director from June 2016 to October 2023, during which he was instrumental in discovering the Kasiya deposit. Dr Stephens will continue to provide consulting services to the Company. He held 13,157,518 ordinary shares and 600,000 unlisted performance rights expiring June 2028.
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Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or Company) advises that Dr Julian Stephens has resigned as a Non-Executive Director of the Company effective immediately.
Dr Stephens was Managing Director of Sovereign from June 2016 until October 2023 where he was instrumental in the Company's growth and development. He first identified rutile mineralisation in Malawi and subsequently led the team that discovered Sovereign's world-class Kasiya deposit, progressing the project through its scoping and pre-feasibility study stages.
Upon his transition from Managing Director to Non-Executive Director in October 2023, Dr Stephens continued to support the Company and its technical and management teams.
Following his resignation as a Non-Executive Director, Dr Stephens will continue to provide consulting services to the Company.
The Board would like to express its sincere gratitude to Dr Stephens for his long-standing and significant contribution to Sovereign for more than a decade and looks forward to his continued involvement with the Company in his consulting capacity.
A Final Director's Interest Notice is provided below.
Introduced 30/9/2001.
Name of entity Sovereign Metals Limited
ABN 71 120 833 427
| Name of director | Julian Stephens |
| Date of last notice | 12 May 2026 |
| Date that director ceased to be director | 2 October 2026 |
Part 1 - Director's relevant interests in securities of which the director is the registered holder
Number & class of securities 13,157,518 Ordinary fully paid shares 600,000 Unlisted Performance Rights subject to the "Construction and Finance Milestone", expiring 30 June 2028
| Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest N/A | Number & class of securities |
| Part 3 - Director's interests in contracts | |
| Detail of contract | N/A |
| Nature of interest | N/A |
| Name of registered holder (if issued securities) | N/A |
| No. and class of securities to which interest relates | N/A |
| Initial notification/Amendment | Initial |
| LEI | 213800NSPXSASTENFQ34 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.