Davenport Resources (ASX:DAV) has appointed investment banker Dr Reinout Koopmans to the board, adding to the miner’s European network as it accelerates its large-scale potash project, located in central Germany.Dr Koopmans, who has more than 15 years as an investment banker, will join the company as an independent non-executive director.
The move significantly boosts the potash developer’s local network, with Dr Koopmans having served as a management consultant for McKinsey & Co in Germany during the 1990’s.
In addition, he has been responsible for public equity raisings for natural resources companies at Deutsche Bank and led the European equity capital markets team at investment banking firm Jefferies International.
Reinout has a PhD and Masters degree from the London School of Economics, and a degree from Erasmus University, Rotterdam.
Commenting on the appointment, Davenport chairman Patrick McManus said:
I am delighted to welcome Reinout to the Board of Davenport. As we continue to develop the South Harz potash project, Reinout’s experience with German and European capital markets will be invaluable.”
As Dr Koopmans joins the miner, fellow non-executive director Mr Chris Bain will step aside.
“Chris was a key contributor in listing Davenport and has been a major part of the executive group. The Board would like to thank Chris for his input and guidance and wish him well in his future endeavours,” Mr McManus said.
The board transition has occurred while Davenport pushes ahead with plans for maiden drilling during 2019.
It is expected that the drilling will push its current JORC Inferred Resources to the higher, Indicated level, with the company controlling over 3.4 billion tonnes of JORC Inferred potash resources.
The company also aims to complete an economic study by the end of the calendar year.