Freshly listed DY6 Metals has appointed a new CEO in Lloyd Kaiser, who brings a wealth of knowledge and experience in the rare earths sector to help drive the company’s growth strategy at its Machinga project in Malawi.
Kaiser was previously GM of sales and marketing at Arafura Rare Earths (ASX:ARU) where he successfully negotiated binding rare earth offtake agreements with key automotive and wind energy equipment manufacturers.
During his 10+ year tenure at Arafura, he also spent a number of years as GM of technology and engineering where he successfully delivered technology and process flowsheet development milestones, enabling completion of feasibility and FEED engineering at Arafura’s flagship asset, Nolans Bore, in the Northern Territory.
“I am very excited to have the opportunity to join DY6 Metals (ASX:DY6),” Kaiser said.
“I will be focused on leading the company from a relatively new explorer into an innovative mining company that will create value for our stakeholders with the development of strategic critical metal assets.
Machinga a quality HREE and niobium project
Kaiser said he commends the DY6 board for the portfolio of projects they have secured and for rapidly advancing to drilling at the flagship Machinga project, which is particularly enriched with high-value heavy rare earth elements dysprosium and terbium – and holds significant niobium and tantalum potential as well.
“For me, the Machinga HREE + niobium project presents as a fantastic opportunity for the company,” he said.
“While there are numerous explorers and developers focusing on NdPr rare earth projects, there is a lack of quality heavy rare earth projects being developed.
“Dysprosium and Terbium are vitally important to meet the needs of high strength magnets.”
Experience in developing downstream opportunities
DY6 chairman Dan Smith said the company is extremely fortunate to have secured someone of Kaiser’s experience, capability and drive as CEO.
“Lloyd is a passionate and strategic thinker and a strong and energetic leader who will be a fantastic addition to our senior leadership team,” he said.
“His recent role at Arafura and extensive previous corporate and technical experience has given him an excellent understanding of the rare earths market and developing downstream opportunities.
“He also has extensive experience in cultivating and maintaining strong stakeholder relationships, including with investors and financial markets.
“We are looking forward to the strong leadership and vision that he will bring to help grow and inspire our team, while at the same time unlocking the full value of the assets we already have.
New geo to oversee Malawian operations
The company has also appointed a new senior exploration geologist, Troth Saindi, to oversee its Malawian operations.
Saindi has 15+ years’ experience in exploration and mining across gold, PGEs and base metals, with significant contribution to conversion of both greenfields and brownfields exploration projects into operating mines.
Kaiser will commence his role with the company on 21 August 2023, and Saindi will commence his role on 1 September 2023.
This article was developed in collaboration with DY6 Metals Limited, 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.