Si6 appoints new chairman

Si6 has appointed David Sanders as an Independent and Non-executive chairman.

Sanders is a corporate lawyer with over 20 years’ experience and is currently corporate counsel at law firm Bennett.

He has advised numerous entities, including ASX-listed and private companies on capital raising, mergers and acquisitions, commercial transactions and ASX and Corporations Act compliance, across a range of industries.

Si6 Metals (ASX:SI6) has also started a global executive search to identify an executive director who could bolster its technical capabilities while driving on ground exploration and enhance the company’s promotional aspect.

This search is focused on someone with on ground exploration experience in places such as Africa, particularly in the lead up to the upcoming drilling planned at the Maibele project in Botswana.

Patrick Holywell, the previous Executive Chair, will remain available on a consulting basis to assist the board and exploration team, and said that as a long-term supporter and large shareholder of the company, he was happy with its current strategy and the potential of its Botswana base metal project and the Western Australian gold project.

“Si6 is now at a stage where it presents as a significant opportunity for the right candidate to demonstrate the value proposition that exists through successful exploration and promotional activities particularly as a result of exploration undertaken in the last two years which has de-risked projects greatly,” he added.

“Exciting exploration at the 100% owned regional targets in Botswana have been the recent focus whilst approvals are pending for the joint venture near Selebi Phikwe, where significant exploration upside exists as well as known resources at Maibele.

“Recent exploration success in Western Australia has also validated the need to continue exploring for bulk tonnage multi-million ounce deposits, such as Granny Smith and Wallaby mines, as well as repetitions of resources at Mt Morgan’s Project, which have already been proven through known resources at Korong and Waihi.”

Waiting on drill approval

Si6 is currently waiting on the liquidators of 40% joint venture partner BCL to approve its proposed drill program for the Maibele project.

Once this is secured, it will seek final mining and environmental approvals.

Si6 is also awaiting assay results for its recent aircore drilling program in Western Australia with another phase of drilling planned later this quarter.

This article was developed in collaboration with Si6 Metals, 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.