NOTICE OF BOARD CHANGES and ANNUAL GENERAL MEETINGThe Board of...

NOTICE OF BOARD CHANGES and ANNUAL GENERAL MEETING
The Board of Kogi Iron Limited (ASX: KFE – the “Company” or “Kogi”) is pleased to provide an update on the
Company’s Board composition and a date for its Annual General Meeting (AGM) of 15 December 2020.
The Company’s Non-Executive Chairman Mr Greg Boulton, is due to retire at the Company’s upcoming AGM and
has advised that he is not intending to stand for re-election due to personal business reasons. In addition, the
Company has received notice from the Company’s Managing Director, David Turvey, of his impending retirement
as Managing Director and Board member, with effect from completion of the upcoming AGM, to re-focus on
current business ventures.
Mr Craig Hart , recently appointed Director and Deputy Chair, will be seeking approval of the Board to take the
role of Chairman provided he receives broad support from the shareholders in terms of a strategic path for the
business in 2021 that he will be outlining at the AGM.
Craig has been assisted by both Greg and David in formulating a transition plan. That handover process will
continue over the next 2 months culminating at the AGM.
Peter Huljich will continue as a Director working with Craig. In addition, it is intended that the Board will appoint
two additional directors to ensure that the full complement of skills in terms of specialist industry and mining
expertise are adequately represented at Board level.
The Company advises that, based on the scheduled AGM date of 15 December 2020, that the last day for the
receipt of director nominations to be considered at the AGM is close of business 2 November 2020.
It is intended that the Board will assume most executive responsibilities for the immediate future and that a new
Managing Director will not be appointed until the strategic path for the business as will be explained to
shareholders at the AGM and the required capital to deliver key milestones has been raised. In the interim, David
Turvey has agreed, where available, to assist as a consultant as requested by the Deputy Chair.
At the AGM, which the Board hopes can be attended physically by as many shareholders as possible, the Deputy
Chair will address a recommended approach with respect to matters including, but not limited to, the following,
• Key milestones for each quarter of calendar year 2021
• Capital required for each milestone
• The potential alignment with key strategic partners
• Augmented communication with our Nigerian stakeholders
• The most appropriate bankable feasibility study
• Conditions precedent to the primary capital raise for the broader project realisation.
Some of these matters are already under review and consideration.
In the circumstance that there are developments in relation to any of these positive steps the Board will make a
further announcement as required between now and the AGM. It is anticipated that the Annual Report will be
released on or before 30 October 2020.
The Board has decided to hold the Annual General Meeting later than usual, on 15 December 2020, to maximise
the prospects of Covid 19 lockdown restrictions being eased, affording as many shareholders as possible the
chance to attend this important meeting and also to allow the progression of several initiatives under review by
the Board in the next 6 weeks. The Board are planning on holding a multi-site AGM, connected by video
conferencing. A notice of meeting will be released to the market in due course.