November 2017

Priyank Thapliyal takes up full-time CEO position at Jupiter Mines

Pallinghurst announces that Executive Director, Priyank Thapliyal, will take up the role of full-time Chief Executive Officer of Jupiter Mines Limited (“Jupiter”), in which Pallinghurst holds an 18.4% stake. Mr Thapliyal has therefore resigned from his positions at the Company with immediate effect and his responsibilities will be absorbed by the other Executive Directors.

Record auction result – US$55 million generated

Pallinghurst is pleased to announce the results of an auction of rough rubies held by its 100% subsidiary, Gemfields plc (“Gemfields”), in Singapore from 6 – 10 November 2017. The rough rubies were extracted by Montepuez Ruby Mining Limitada (“MRM”, which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada) from the licence held by MRM in the Montepuez district of Mozambique.