The board of NextSource Materials Inc. announced the appointment of Hanré Rossouw as Chief Executive Officer effective November 1, 2024. Hanré joins NextSource from his role as Executive Director and Chief Financial Officer of Sasol Limited with extensive experience in the global natural resources industry over the last 25 years. A British and South African national, Hanré has held senior positions in leading global mining and investment companies where his roles involved business development, M&A, capital markets, asset management and growth optimization. Prior to Sasol Limited, Hanré was Chief Financial Officer and Executive Director of Royal Bafokeng Platinum between October 2018 and March 2022 having joined after 5 years as a portfolio manager at Investec Asset Management. During nearly a decade at Xstrata plc, Hanré was latterly CFO of the Alloys Division having been part of the small head office team which completed numerous international transactions and associated fundraisings as part of a corporate development plan which grew the market capitalization fivefold during his tenure. Previously, Hanré worked at both Accenture and as a project manager with De Beers Group having started in the mining industry as a metallurgist with Anglo American in 1998. Hanré studied Chemical Engineering at Stellenbosch University and Economics at the University of South Africa as well as completing an MBA at the University of Oxford's Said Business School. Craig Scherba, current NextSource President and CEO, has achieved the vision set out by the
Company's founders who developed the Molo graphite deposit in Madagascar: to bring the Molo mine into production, establish a value enhancing downstream business and develop a customer base with the automotive OEM supply chain. Effective November 1st, 2024 Craig will continue as a Director and Chief Development Officer of NextSource to focus on developing strategy, managing offtake negotiations and expanding the Company's OEM relationships around the world.