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Minbos Resources Limited (ASX:MNB)

ALERT: Price-sensitive ASX Announcement for MNB
Current share price for MNB : $0.022 0.003 (12.82%)+
Announcement
Release
13 Feb 2026 8:54AM
Price at Release
$0.020
Full Release
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Summary
Minbos Resources Limited announced the resignation of Managing Director Lindsay Reed, who will continue as a Non-Executive Director. Rob Newbold has been appointed as Acting CEO, bringing over 20 years of industry experience. The company is dealing with administrative challenges related to its Mining Licence in Angola, which include clerical errors in the expiry date of the licence that need correction. Minbos is actively engaging with the Angolan Ministry and local stakeholders to resolve these issues and is focusing on capital management by prioritizing essential expenditures. The Board is committed to strengthening alignment across the business and supporting Angola's agricultural development through international market expansion.
Key Points
  • Lindsay Reed resigns as Managing Director, remains as Non-Executive Director.
  • Rob Newbold appointed as Acting CEO.
  • Administrative challenges with Mining Licence in Angola.
  • Clerical errors in Mining Licence expiry date need correction.
  • Engagement with Angolan Ministry to resolve issues.
  • Focus on capital management and essential expenditures.
  • Commitment to support Angola's agricultural development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.