Veteran executive Chris McFadden to take the helm at Resolution
Resolution has appointed veteran resources executive Chris McFadden to progress its diverse portfolio of gold and battery metals projects as well as pursue new opportunities.
McFadden is a lawyer with over 25 years’ experience in exploration and mining along with a history of building several successful companies including NexGen Energy (TSX: NXE), which now has a market cap in excess of $2bn, IsoEnergy and NxGold (now Consolidated Uranium).
He is currently the chairman of NexGen and a director of IsoEnergy. Previous roles include being the business development manager at Newcrest Mining, head of commercial, strategy and corporate development at Tigers Realm Coal, and commercial general manager at Rio Tinto.
During his career, McFadden developed strong skills in leading project evaluation and development teams and has a strong track record in executing major transactions.
He has extensive experience in dealing with governments, traditional owners and other stakeholders, as well as wide experience in the capital market, which will undoubtedly benefit Resolution Minerals (ASX:RML).
“I am honoured to be selected to take the helm of Resolution Minerals at such an exciting time,” McFadden said.
“The company is ideally positioned to take the next step with its diverse portfolio of gold and battery metals exploration projects and to pursue new opportunities.
“I look forward to building a company with elite standards for sustainable environmental management and relationships with people that delivers value to shareholders.”
Resolution recently started a process to commercialise its wholly-owned Wollogorang project within the McArthur Basin in the Northern Territory as it focuses on the George silica sand project in South Australia.
Wollogorang hosts the Stanton cobalt deposit which has a current resource of 942,000t grading 0.13% cobalt, 0.06% nickel and 0.12% copper.
Previous reverse circulation drilling had identified prospective host rocks with chalcopyrite stringers present in black shales and the project is interpreted to have the potential to host a range of mineralisation styles and commodities including sedimentary stratiform copper, SEDEX and MVT zinc-lead-silver and sandstone-hosted phosphorus-uranium-rare earth elements.
Meanwhile, the George project includes the Etadunna silica sands prospect which has been defined over 1km2 by historical drilling, which returned a top near-surface intersection of 34m grading 99.87% SiO2 (silica) that is open at depth.
George is also prospective for paleo-channel style uranium deposits, which is demonstrated to the east of the George Project in the well-recognised Frome Embayment with existing uranium mines such as Beverly and Four-Mile.
This article was developed in collaboration with Resolution 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.