Mayur Resources Limited announced the appointment of Mr. Richard Pegum as an Executive Director of Mayur effective 29 November 2023. Mayur also advises that current Chairman, Mr. Charles Fear, will retire as a Director at the upcoming 2023 Annual General Meeting (AGM). Upon Mr. Fear?s retirement, Mr. Pegum will be appointed Executive Chairman.

Mr. Pegum is a highly accomplished finance and investment professional, bringing a rich legacy of experience to the role. Having started his career at Macquarie Bank, he rapidly advanced to the position of Executive Director (at age 29). His strategic leadership was instrumental in expanding one of the bank's key trading divisions to regions including Hong Kong, South Africa, Japan, Europe and Brazil.

He then went on to become the founding Partner of Bennelong Asset Management in the United Kingdom and successfully managed the firm's growth, overseeing assets over $3 billion. Mr. Charles Fear, Mayur?s current Non-Executive Chairman, has advised of his intention to retire as a Director at the conclusion of the 2023 AGM to be held on Friday 22 December 2023. Upon Mr. Fear?s retirement, Mr. Pegum will be appointed Executive Chairman.

Mr. Pegum?s appointment as a Director takes effect immediately. He will commence the role of Executive Chairman upon Mr. Fear?s retirement at the 2023 AGM, and will stand for re-election at the same meeting as per the Company?s Constitution.