Alicanto’s new MD to accelerate Sala project growth
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Alicanto has appointed veteran resources executive Rob Sennitt as its new managing director to advance the rapid growth strategy for the Sala project in Sweden.
Sennitt has more than 30 years’ experience in the resources industry and was initially an investment banker providing strategic advice to companies in the sector before becoming the managing director of Mineral Deposits, which owned 50% in the TiZir Joint Venture.
TiZir owned mining operations in Senegal and the TTI smelting operations in Norway.
He will join Alicanto Minerals (ASX:AQI) on September 1 from his previous roles as a senior advisor to resource-focussed private equity firm, Appian Capital Advisory, where he was responsible for sourcing investments and portfolio management in Australia and South East Asia.
With his appointment, Peter George will move from being managing director to executive director with a focus on driving project approvals and community relations for the Sala zinc-silver project.
Chairman Ray Shorrocks said Sala’s recent maiden JORC resource demonstrates the huge opportunity to establish a world-scale project in a tier-one location while extensive high-grade mineralisation paved the way for future growth.
“In light of this, the board has committed to accelerating the process of unlocking the full value of Sala. This means pursuing multiple aspects of the exploration and development strategy in parallel,” he added.
“Rob’s skills and resource executive experience will help ensure we can drive Alicanto at a project level while ensuring the value of our flagship asset is fully recognised in financial markets.
“By ensuring Peter’s focus is on Sala and our activities in Sweden, we will maximise the efficiency and effectiveness with which the project is advanced.
“This two-pronged approach will spearhead a new chapter for Alicanto as we demonstrate the outstanding credentials and future of Sala.
Sala has a resource of 311,000t zinc, 15Moz silver and 44,000t lead, ranking it as Sweden’s largest, active and undeveloped zinc-silver deposit.
Alicanto also has the ambition of being one of the first underground mines which is fully designed for electrical power with no fossil fuels.
There is plenty of room for growth as recent drilling and field mapping has identified multiple new structures parallel to Sala which could represent a repeat of Sala-style mineralisation.
This article was developed in collaboration with Alicanto Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.