Richmond Vanadium Technology Limited announced that as part of its accelerated project development activities, it has appointed experienced study manager Peter Hedley as the Project Director for the Company's Richmond Vanadium Project Bankable Feasibility Study ("BFS"), commencing on 27 March 2023. Peter is a qualified Chemical Engineer and a highly experienced Feasibility Study and Project Manager, with over 40 years of experience in projects, study management, engineering and construction in the chemicals and minerals processing industries. He joins RVT after serving on both the Iluka Resources owners' team and global engineering and construction company Fluor Corp.

EPCM team for the Greenfields Eneabba Rare Earths Refinery Project. Peter was also the study manager for Australian Strategic Materials $1.5 billion rare earth and poly-metallic mine and mineral processing plant, and Australian Vanadium's Greenfields mine and processing plant to produce high purity vanadium pentoxide. In this newly created role, Peter will oversee the completion of the BFS on RVT's Richmond Vanadium Project in northern Queensland with award of the BFS contract expected in second quarter 2023.