NextSource Materials Inc. announced that Mr. Robin Borley has resigned as Chief Operating Officer of the Company. The company announced it has appointed Mr. Johnny Velloza as Chief Operating Officer on an interim basis. Mr. Velloza has a wealth of technical and operating experience in the mining industry spanning 30 years during which he managed operational optimisation processes and large capital expansions across a range of commodities and in many jurisdictions.

Mr. Velloza was previously Deputy CEO and COO of Gem Diamonds and CEO of Chemaf. Prior to this, he was with BHP Western Australia Iron Ore where, from 2013 to 2015, he was General Manager at Mining Area C, the larger iron ore mine in the BHP portfolio, leading a number of successful operational efficiency programs. He also acted as a Senior Exploration Manager in Zambia and in Chile for BHP from 2011-2013, Operations Manager at AngloGold Ashanti from 2009-2010 and held numerous managerial positions at De Beers from 2001-2009. Mr. Velloza holds a Bachelor's degree in Mining Engineering from The University of Johannesburg and a Bachelor's degree in Business from The University of South Africa.

Mr. Borley has also resigned as a director of the Company and will not be standing for re-election at the upcoming NextSource shareholders' meeting. The Company wishes Mr. Borley well in his future endeavours.