Sun Silver appoints new MD to drive growth

Sun Silver founder Andrew Dornan takes on role of managing director
Corporate lawyer Shaun Hardcastle now non-exec chairman
Dean Ercegovic moves into non-executive director role

Special report: Sun Silver has nominated experienced executive and co-founder of the company Andrew Dornan to the role of managing director and Shaun Hardcastle to non-executive chairman as the stock transitions into its next phase of expansion.

Dornan played a key role in shaping Sun Silver’s (ASX:SS1) strategy after identifying silver as a critical mineral of the future – driven by rapidly growing demand from industrial applications, particularly in photovoltaic cells.

In light of this compelling market opportunity, Dornan embarked on a strategy of targeting high-quality primary silver assets in Tier-1 jurisdictions, ultimately leading to the identification and acquisition of the Maverick Springs asset.

The new MD has a wealth of experience in leading the development of exploration and mining assets from exploration through to operations with previous roles at James Bay Minerals, Newmont, Rio Tinto, Fortescue, Pilbara Minerals and Tianqi Lithium.

At Fortescue’s T155 project, Dornan led the commercial team through its life cycle, ultimately delivering an additional 110Mt per annum of iron ore through the Anderson Point port facility.

New non-exec chairman

Meanwhile, highly regarded corporate lawyer Shaun Hardcastle has been appointed as Sun Silver’s non-executive chairman.

Hardcastle sports a distinguished legal career, spanning 20 years, and a strong track record in managing complex corporate structures.

He is currently a partner and head of corporate for the national law firm, Hamilton Locke, and is also a director of RareX Limited (ASX: REE).

With these two appointments, Gerard O’Donovan will step down from his role as executive director, effective immediately, and Dean Ercegovic will transition to the role of non-executive director where he will provide continued support and oversight of the company’s strategy.

Leading player in silver sector

“I am excited to take on the role of managing director [and] our immediate focus will be on increasing the resource classification at Maverick Springs as we move forward in the development life cycle,” Dornan said.

“By systematically advancing the Maverick Springs Project, we aim to unlock significant value for shareholders and position Sun Silver as a leading player in the silver sector.”

This article was developed in collaboration with Sun Silver, 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.