Lions Bay Capital, Inc.TSXV: LBI

Ex-Harmony Gold CEO and Executive Chair of Lions Bay Resources to join Metals One as Chair

· Issued by Lions Bay Capital, Inc. via Newsfile

Summary by 6ix AI

Graham Briggs, Executive Chair of Lions Bay Resources Proprietary Limited (LBR) and former Harmony Gold Chief Executive, is set to join Metals One Plc, which trades on AIM (the London Stock Exchange's growth market), as Chair, subject to Metals One's proposed acquisition of LBR.

Key details

  • The appointment is part of a wider transaction involving LBR, Metals One and Lions Bay Capital Inc. that would bring the Barbrook Gold Mine, described as 2.1 million ounces, into LBR and make LBR a wholly owned subsidiary of Metals One.
  • Briggs has been involved with Barbrook for some time and was key to producing an updated competent person's report, a technical report on the project's resources.
  • In a video, Briggs and Metals One managing director Daniel Maling discuss creating a South Africa-focused gold and power business.

What’s still pending

  • Briggs's appointment as Chair is subject to Metals One's proposed acquisition of LBR.
  • Briggs says that, at this point, not all of Barbrook's historic ounces are expected to be brought into the updated resource.

6ix AI wrote this summary from the release below and checked it against the release.

Pretoria, South Africa--(Newsfile Corp. - October 29, 2026) - Former Harmony Gold Chief Executive and current Executive Chair of Lions Bay Resources Proprietary Limited ("LBR" or the "Company"), Graham Briggs, is set to join Metals One Plc (AIM: MET1) (OTCQB: MTOPF) ("Metals One") as Chair, subject to Metals One's proposed acquisition of LBR.

The appointment is part of the wider transaction with LBR, Metals One and Lions Bay Capital Inc. (TSXV: LBI) that will bring the 2.1 million ounce Barbrook Gold Mine ("Barbrook") into LBR and consolidate LBR as a wholly owned subsidiary of Metals One.

Briggs has been involved with Barbrook for some time and has been key to producing an updated competent person's report for the project. "At this point, not all of the historic ounces are expected to be brought into the updated resource, but there are a lot of known orebodies at Barbrook and there is huge potential," says Briggs.

Briggs is joined in this video by Metals One's managing director Daniel Maling to discuss the opportunity to create a South Africa-focused gold and power business with a world-class South African management team.

Video link: Ex-Harmony Gold CEO to Join Metals One as Chair



Cannot view this video? Visit:
https://www.youtube.com/watch?v=FTImRjrYKms

Contact:

Lloyd Birrell
CEO, Lions Bay Resources
[email protected]

Source: Lions Bay Resources Pty Ltd

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321567

View original source (Newsfile)Lions Bay Capital, Inc. on 6ix

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