RareX has added some highly experienced players to its management team in a move it says will enhance market reach and accelerate the development of its Cummins Range rare earths and phosphate project in WA.

Effective April 3, 2023, experienced mining executive James Durrant will assume the role of chief executive officer leveraging his extensive experience in rare earths, bulk commodities and fertilisers to lead the company through its next phase of growth.

Notably, Durrant was previously director of projects with Canyon Resources, has held project development and marketing leadership roles at Danakali and spent seven years with BHP Billiton Iron ore.

RareX (ASX:REE) founder and current managing director Jeremy Robinson, will transition to the role of non-executive chairman, while current chairman, John Young, will become a non-executive director. 

In addition, Kay Hofmann has joined as Cummins Range study manager, and long-serving exploration manager, Guy Moulang, will continue to serve in his role, as the company prepares for the 2023 exploration season.

Supporting the transition from explorer to developer

The board believes now is the logical time to make these changes to its senior leadership team as the Cummins Range project advances from exploration to the study and development stage.

“Having grown the resource almost 10 times in size in just three years and with a clear pathway to development involving two increasingly-in-demand commodities, I believe now is the logical time to hand over to James,” Robinson said.

“I have every confidence that the restructured senior leadership team will be well qualified to lead RareX forward into its next exciting growth chapter.

“The board is well-constructed to provide the breadth of support and governance necessary as the company transitions towards becoming a developer.

“These changes also follow the recent appointment of Danny Goeman, who brings senior marketing and sales expertise to the board, as well as Kay Hoffman, who joins the team as study manager.”

 

 

 

This article was developed in collaboration with RareX 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.

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