Media Pack

Media Pack

Pembridge Resources seeks to generate shareholder value through the acquisition and development of near producing and producing mining projects in the base and precious metals space. 

The Pembridge team believe that through their unique experience and connections within the mining industry the company is well positioned to benefit from the coming mining ‘upcycle’.  

“Our goal is to create sustainable growth and position Pembridge for the long term.”  David Linsley, CEO.

 Pembridge is structured as

  • A company listed on the standard segment of the Official List and the main market of the London Stock Exchange.
  • Uniquely strong team of leaders to exploit base and precious metals mining projects
  • A private equity style investment policy allows for direct management of assets

Pembridge Resources plc is a company listed on the standard segment of the Official List of the Financial Conduct Authority and the main market for listed securities of the London Stock Exchange. It plans to invest in a portfolio of mining projects diversified across the base and precious metals sector, focusing primarily on North and South America, Europe and sub-Saharan Africa.

Pembridge has a highly experienced team with a proven track record in various board and executive positions in the mining area spanning several decades. Their extensive expertise covers geology, engineering, project appraisal and commercial development, across a wide range of commodity groups and mining jurisdictions.

Pembridge initially intends to deliver Shareholder returns through capital growth and is aiming ultimately to be in a position to distribute income via dividends. The Directors believe that an investment policy similar to that of a hybrid private equity fund will enable the Company to utilise its pool of experience and expertise to deliver shareholder returns.

The Directors believe an opportunity exists for the Company to take advantage of current asset and project valuations in this stage of the mining cycle. Base and precious metals are offering significant opportunities to invest in orphaned projects where existing management teams have been restricted of capital. The Company believes that there are a number of projects available for investment that may require not only cash but also technical and financial expertise.

The Company is targeting the acquisition of mining projects by direct investments or through farm-ins. The investments may be in companies, partnerships, special purpose vehicles, joint ventures or direct interests. Target investments will generally be in projects in the near production and/or producing stage, and may include exploration opportunities as part of a larger transaction. Such investments may take the form of equity, debt and/or other financial instruments. The Company’s interest in a proposed investment may range from a minority position to 100% ownership.

In selecting investment opportunities, the team will focus on projects that are available at attractive valuations and hold opportunities to unlock embedded value or where there is the prospect of adding value. All material aspects of any potential investment will be subject to appropriate due diligence. 


  • The Company was previously known as China Africa Resources, which listed on AIM in 2011; its principal activity was the exploration and development of base metals, primarily lead and zinc. 
  • In February 2017 David Linsley was appointed to develop the company’s potential as a cash shell. 
  • In March 2017, the Company’s name was changed to Pembridge Resources and in May 2017 the Company announced it would be pursuing a London Stock Exchange standard listing in favour of its existing AIM listing. At the time, David Linsley said: “Given the unique strategy being pursued by Pembridge we feel that an LSE standard listing will be more in line with our strategic objectives and ultimately more advantageous to the company and our shareholders."
  • In August 2017, Pembridge announced that it has raised £2.27 million (before expenses) via the issue of 142,006,062 New Ordinary Shares through a placing and subscription at 1.6 pence per new Ordinary Share.
  • The Company's Ordinary Shares were de-listed from trading on AIM and commenced trading on the Standard Segment of the Official List and the Main Market of the London Stock Exchange on 21 August 2017. Commenting at the time, David Linsley said: "Our transition from AIM to a standard listing on the London Stock Exchange has been delivered seamlessly and on time by our legal advisors. We are now in a position to fully exploit our stated aims to build a portfolio of compelling investments with our uniquely qualified team."


David Charles Linsley

Chief Executive Officer

David Linsley is a former Executive Director of Behre Dolbear. Prior to his work with BD he was a co-founder of Northern Zinc, a group formed to acquire a near production zinc asset in upstate New York. Mr Linsley founded Sirius Investment Management LLP in 2005, a Gibraltar based multi strategy fund management group specialising in fund of funds and hedge fund products. The most notable fund launched was the Sirius Resource Fund which invested in global mining and resource transactions. Previously, in 1998, Mr Linsley was a co-founder and CEO of Cross Asset Management Ltd, a UK- based hedge fund management company which managed $500 million in assets across multiple strategies including Event Driven Equity and Credit. As a multi-strategy Europe-focused arbitrage firm, Cross was involved in mergers, corporate restructurings, IPOs and private placements across Europe. In 2005, Cross Asset Management was sold to RAB Capital, a specialist asset manager focusing on natural resource and long/short equity investments. Mr Linsley started his career at Lehman Brothers International in the prime brokerage and equity finance group, where he was involved with numerous hedge fund structures as an early participant in the London based hedge fund community. Mr Linsley has developed strong relationships with institutional funds internationally, including in Europe and the US. In addition, Mr Linsley has been involved in numerous financings in the mining and natural resource sectors around the world and has sat on the board of several mining companies


Peter Bojtos


Peter Bojtos is a professional Engineer with over 40 years of experience in the mining industry and a strong background in corporate management; including all facets of the industry from exploration through the feasibility study stage to mine construction, operations and decommissioning. He has been President & CEO of RFC Resource Finance Corp, President & CEO of Consolidated Nevada Goldfields Corp and Chairman & CEO of Greenstone Resources Ltd. He has also been an independent director of numerous Canadian, US, Australian, London or European listed mining and exploration companies over the past 18 years. These include Birim Goldfields Inc., Desert Sun Mining Corp., Queenstake Resources Ltd., European Uranium Inc., US Gold Corp., Vaaldiam Resources Ltd. and William Resources Inc. During the course of his career he has visited and evaluated properties in over 70 countries carrying out approximately 20 significant corporate acquisitions, mergers or sales that involved 24 operating mines; participating in the financing, development, building or reopening of 19 mines and has had a hand in the operation of 24 producing mines.



Adam Melnik

Vice President – Strategy

Adam has significant breadth of experience gained in the past 12 years within the natural resources industry. He is currently working with Vedanta Resources plc in Strategy and Corporate Development in the office of its Founder and Chairman, Anil Agarwal. Adam has significant experience in strategic planning, M&A, operations management, organization building, outsourcing and partnerships. He has worked alongside Anil Agarwal and his two strategic advisors, Cynthia Carroll (former CEO Anglo American plc) and Kuldip Kaura (former CEO Vedanta Resources plc), and Vedanta's CEO, Tom Albanese (former CEO Rio Tinto plc). Prior to his engagement at Vedanta Resources, Adam was a Metals and Mining Research Analyst with Canaccord Genuity in Toronto and London focused primarily on precious metals producers and developers. Adam holds an MBA in Finance from the Lazaridis School of Business and Economics at Wilfrid Laurier University and a BASc in Geological Engineering from the University of Waterloo

Thomas Horton


Thomas Horton is a mining professional with a range of work experience across Canada, Middle East, Europe and the UK. He joins Pembridge from Private Equity firm Duke Street Capital, where he was involved in deal execution and origination, following the completion of his MBA. Prior to this, Thomas was business development manager for MineARC Systems, where he successfully expanded the business across Europe and Middle East. Before MineARC, Thomas was at RFC Ambrian where he worked with a number of London and ASX listed mining and oil & gas clients in a corporate broking and capital markets capacity. Prior to RFC Ambrian, Thomas was as a project engineer in the Canadian mining industry working for AMEC and Fluor Corp, where he worked on Vale’s Long Harbour nickel processing plant construction, Freeport McMoran’s El Abra SX EW plant expansion, and the feasibility studies for BHP’s Jansen project and Agrium’s Vanscoy expansion project. Thomas holds a Masters in Business Administration (MBA) from London Business School, and has a Master’s degree (MEng) in Mechanical Engineering from the University of Manchester. Thomas is also Co-Chairman and Secretary for the Association of Mining Analysts


Board of Directors:


David Charles Linsley

Chief Executive Officer (see Management Team, above)


Frank McAllister


With over 50 years' industry experience, Frank McAllister has held various senior and Board positions in a number of metals and mining companies. He worked with ASARCO Incorporated for 33 years during which he became Chief Financial Officer in 1982 and then Executive Vice President of Copper Operations in 1993. Eventually became ASARCO's President and Chief Operating Officer before becoming Chairman and Chief Executive Officer in 1999. In 1996 he became an Independent Director of Cliffs Natural Resources Inc and its Lead Director from 2004 to 2013. During the same period, he was also Chairman, CEO and a Director at Stillwater Mining Co, after which he became President of the National Mining Association.


Guy Le Bel

Non-Executive Director

Guy brings more than 30 years of international experience in strategic and financial mine planning to the Pembridge team. He was previously Vice President Evaluations for Capstone Mining Corp, Director of Golden Queen Mining, RedQuest Capital Corp and was VP, Business Development at Quadra Mining Ltd. He also held business advisory, strategy and planning, business valuation, and financial planning management roles at BHP Billiton Base Metals Ltd., Rio Algom Ltd. and Cambior Inc. E Extensive experience across precious and base metals industries in the Americas. Guy holds an MBA Finance from École des Hautes Études Commerciales, a Master Applied Sciences, Mining Engineering - University of British Columbia and a B.Sc. Mining Engineering from Université Laval.


Gati Al-Jebouri

Non-Executive Director

Mr Al-Jebouri, who was born in Bulgaria in 1969, graduated from the University of Bristol with a Civil Engineering degree in 1990 and from the Institute of Chartered Accountants as a chartered accountant in 1994.  In 2001 he was appointed Deputy Minister of Energy of Bulgaria and in 2002 Bulgaria’s First Deputy Minister of Finance. 

His varied career has included working for the accountancy firm KPMG in London and Bulgaria until being recruited to LUKOIL, where he soon became Director of investment and Finance in the London office.  In 2003 he became Chief Financial Officer of LITASCO (LUKOIL International Trading and Supply Company), where he rose to Chief Executive Officer two years later. In 2010 he became Executive Director for Finance and Marketing of LUKOIL Mid East Ltd and in 2017 was promoted to Managing Director of the company.

Major Shareholders

Shareholder name Amount % Holding
Mark Lancaster 18,813,656 8.4%
East China Exploration  15,000,000 6.7%
Gati Al-Jebouri 12,500,000 5.6%
Hargreaves Lansdown Asset Management 11,384,168 5.1%
Darren Hazelwood 9,670,288 4.32%
Directors' shareholding 9,506,917 4.2%
Grant Stevens 7,032,163 3.1%

Corporate and Social Responsibility:

Pembridge Resources plc is committed to complying with all Health and Safety, environmental and social legislation in the countries in which it operates and protecting the health and general well-being of its employees and contractors. It is committed to preserving the environment and the communities in the areas where we operate. 



Concern for the environment is of upmost importance to Pembridge Resources plc. It is our policy to reduce to a minimum the potential environmental impact of our activities and have a positive impact on the areas in which we operate. 


Health, Safety and Security:

The health, safety and security of the personnel and communities in which we operate takes priority in the management of our operations. Our goal is to prevent injury and ill health to employees and contractors by providing a safe and healthy working environment and by minimising risks associated with occupational hazards. 


Business Ethics:

Pembridge Resources plc is committed to carrying out all its operations with high moral and legal standards. Pembridge Resources plc has an anti-corruption and anti-bribery policy which are in line with the requirements of the UK Bribery Act. Staff and contractors are made aware of their obligations both on recruitment and by periodical updates.



For further information contact:


+44 (0)20 7920 3150
Contact : Charles Vivian and Gareth Tredway