Pinnacle Minerals has secured a wealth of experience to lead the development of its kaolin business after appointing Nic Matich as its chief executive officer.

Matich will join Pinnacle (ASX:PIM) after 15 years in the resources industry focused on industrial minerals providing engineering, risk consulting and insurance services to Tier 1 mining companies operating in mineral sands, kaolin, gold and zinc.

His deep understanding of the industrial minerals thematic includes a stint as a resources analyst at Patersons Securities and most recently as executive director at Heavy Minerals, which is developing a garnet mine in WA.

In his time there Matich delivered a maiden resource and scoping study in his first year as an executive director.

Securing a CEO is a key step for the company as it looks to progress its Holly and Bobalong projects in WA and its Camel Lake and White Knight projects in South Australia, the latter located just 40km from Andromeda Metals’ high grade Mount Hope halloysite discovery.

Bulk sample testing from the Bobalong project has already received independent verification from Chinese researchers that it boasts a whiteness of more than 85%, above most kaolin standards.

“Having Nic join Pinnacle Minerals as its new CEO is a very important step towards growing the company,” chairman William “Chub” Witham said.

“Nic’s knowledge of the industrial mineral sector and his experience in delivering results will be invaluable for the evolution of Pinnacle Minerals.

“We have been very fortunate to secure Nic’s services and we look forward to working with Nic in building the company and progressing our key projects.”

Matich says he looks forward to “delivering positive results for the company and its shareholders.”

Matich will receive executive remuneration of $18,000 a month plus super, as well as 3 million options exercisable at 25c on a number of performance targets for the  PIM share price.

 

 

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This article was developed in collaboration with Pinnacle Minerals (ASX:PIM), 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.

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