Vanadium Resources Limited announced that it has appointed highly experienced financier Tim Feather as Chief Financial Officer. Mr. Feather has over 25 years of experience in corporate finance. Following a law degree at the University of Nottingham, he qualified as a chartered accountant with Deloitte in the UK.
In 1995 he moved into corporate finance in the City of London by joining Brown Shipley before leaving to co-found Westhouse Securities, where he was head of corporate finance and specialised in advising and fundraising for mining and oil and gas companies. He joined WH Ireland in 2012 and continued to focus on the resource sector. In 2019, he joined the Sumner Group, a privately held group with interests in mining, healthcare and defence, where he was Business Development Director.
He is a non-executive director of Orcadian Energy plc, a North Sea oil development company. Mr. Feather joins VR8’s experienced management team, who have been responsible for completing a DFS over the Steelpoortdrift Vanadium Project, that demonstrated outstanding project economics including a post-tax NPV of US$1.2 billion (A$1.9 billion), with robust margins, rapid payback of 27 months and strong IRR of 42% post tax¹. The Company is in the process of transitioning into a mid-tier mining company through the development of its world-class Steelpoortdrift Vanadium Project, located in the world- renowned Bushveld Complex in South Africa.
The Company is planning a number of further appointments in the coming months, as it builds out its team to transition the Steelpoortdrift and Tweefontein projects into the next global vanadium producer.
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