The executive and board appointments announced today will provide Suvo with the necessary experience and expertise to step up its Pittong hydrous kaolin plant. Image: Getty
Mining
The executive and board appointments announced today will provide Suvo with the necessary experience and expertise to step up its Pittong hydrous kaolin plant.
Suvo Strategic Minerals (ASX:SUV) has commenced a strategic management restructure to help support the momentum and growth of the company.
Following the recent $7.5m capital raise, Suvo has today announced key appointments that will drive the development of its hydrous kaolin plant.
Henk Ludik and Oliver Barnes have been appointed as Non-Executive Directors, with Ludik acting as the interim Non- Executive Chairman.
The Non- Exec Chairman role had previously been held by Robert Martin, who tendered his resignation after having served since the company’s listing in August 2020.
Marty Helean meanwhile has been appointed Chief Operating Officer, and will continue to oversee the expansion of the Pittong Plant while the search for a Chief Executive Officer is ongoing.
The Board says it will directly oversee the recruitment process to ensure that Suvo appoints a high calibre mining CEO to drive the company strategically moving forward.
The company wants to hire an experienced mining executive with a strong track record of delivering scale, innovation and enhanced value for stakeholders.
“We’ve been patiently laying the foundations for long-term growth, and we’re delighted to welcome new expertise with operational experience as the business expands its Pittong plant,” said Non-Executive Director, Dr Ian Wilson.
Suvo is currently undergoing an important transitional phase, as it drives production forward at its flagship Pittong kaolin operations, located 40km west of Ballarat in Victoria.
The company produces about 25,000 tonnes of kaolin per annum from the Pittong plant.
The appointments announced today are expected to provide the expertise needed to support the company’s asset revitalisation, as well as plans to increase mining and plant output.
Ludik’s 20 years experience in mining, along with his expertise in feasibility, mine optimisation, ESG and corporate finance, is expected to contribute to Suvo’s long term strategy.
His experience in working with investment banks with over $10bn in mining transactions since 2006 will also help Suvo with its capital requirements going forward.
Barnes also has a 20 years’ experience in natural resources and asset development, with expertise in carbon, rural development, ESG and clean technology commercialisation.
He was previously the Managing Director of an ASX-listed land and water developer, and held a senior role with an ASX listed phosphate technology company.
Meanwhile, Helean has over 25 years’ experience in senior management and executive roles across mining, exploration, manufacturing and construction industries.
He was previously Director of Operations for ASX and LSE listed Greenland Minerals and Energy (ASX:GGG), and Chief Operating Officer of Meneghello Industries.
“This is an exciting time for Suvo, and we can’t wait to provide an update to our shareholders in due course,” said Wilson.
This article was developed in collaboration with Suvo Strategic 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.
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