Business
Board Change
Tungsten West Plc has appointed Phil Povey as its permanent Chief Financial Officer and an Executive Director, effective immediately. Povey, who previously served as Interim CFO and Head of Commercial & Corporate Development, brings over 18 years of international mining sector experience, including a role at Capital Limited where he helped build a division generating over $90 million in annual revenue. He currently holds convertible loan notes valued at approximately £110,000, which are convertible into ordinary shares by December 31, 2025. This appointment strengthens the management team as the company progresses financing discussions and aims to restart the Hemerdon tungsten and tin mine. Disclaimer*
About this update from Tungsten West Plc
[{"type":"text","content":"\n\n5 December 2025\nTungsten West Plc\n(\"Tungsten West\", the \"Company\" or the \"Group\")\n \nBoard Change\n \nTungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine (\"Hemerdon\" or the \"Project\") in Devon, UK, announces that, following a review process, the current interim CFO, Phil Povey, will be appointed as the permanent CFO to the Company and to the Board as an Executive Director with immediate effect.\n \nStephen Harrison, Chairman of Tungsten West, commented:\n \n\"I am pleased to confirm that Phil will be continuing his role as CFO on a permanent basis. Phil's knowledge of the Company and Project has proven highly valuable over the last 12 months, in both his previous role as Head of Commercial & Corporate Development and as Interim CFO. His experience will further strengthen the management team and Board during this crucial period as we progress key financing discussions and advance towards restarting Hemerdon.\"\n \nFurther Information\n \nPhil Povey brings more than 18 years of international experience in the mining and mining services sector. He has a deep expertise spanning financial management, commercial strategy, and operational leadership across the globe, and has a proven ability to build and scale innovative mining start-up projects, drive operational excellence and cultivate community partnerships.\n \nPhil has held senior roles with leading industry organisations including Capital Limited, Perenti (African Mining Services), Macmahon and Orica. While at Capital Limited, Phil was integral in building the mining contracting division from inception, transforming it into a business generating over $90 million annual revenue. He joined Tungsten West over a year ago in a corporate development and commercial leadership capacity. He stepped into the Interim CFO role in September, and has played a key role in advancing the Hemerdon project.\n \nPhil has previously served as a director across multiple international operations. He holds a Bachelor of Commerce with First Class Honours from the University of Western Australia and is a Certified Practising Accountant (CPA).\n \nAIM Rules for Companies, Schedule 2(g) Disclosure\n \nAs required by Schedule 2(g) of the AIM Rules for Companies, the Com...