Join our daily newsletter At The Bell to receive exclusive market insights
- Celsius Resources (CLA) appoints Robert Gregory as Managing Director
- The new MD will be paid annual salary of $300,000 plus superannuation
- Mr Gregory is an experienced mining engineer with a history in corporate and operational management
- He spent many years bringing mines into development and production including several years working in the Philippines.
- Shares are flat this morning at 1.8 cents each
Perth-based Celsius Resources (CLA) has appointed experienced mining engineer Robert Gregory as Managing Director from the start of next year.
The new MD will be paid a base salary of $300,000 plus superannuation, with provision for performance bonuses and options.
Subject to shareholder review, he could be granted equity compensation including 15 million options at a price of 2.5 cents and 20 million performance rights as long term incentive.
Chairman Martin Buckingham said he was delighted to welcome Mr Gregory to the company.
“He has an outstanding reputation globally, including in the Philippines where we have our world-class Maalinao-Caigutan-Biyog copper-gold project,” he said.
“He is a hands-on leader with extensive experience in bringing mines into production, and we look forward to him taking the helm to transition Celsius towards becoming a leading copper producer.”
Mr Gregory has been involved in a range of publicly listed companies throughout Australia, the United Kingdom and Asian jurisdictions.
In Asia, he oversaw the mine site construction at Aurora’s Mt Muro project and was responsible for the construction of the Tanjianshan mine in China. His experience includes his role as chairman of the Australian and New Zealand Chamber of Commerce Extractive Minerals Committee in the Philippines as well as the Trustee for Philippines Mining & Exploration Association.
The company announcement highlighted his strategic planning and risk management skills.
Mr Gregory will take responsibility for the company’s corporate affairs, including investor and shareholder relations, presentations and roadshows to brokers, investors and institutional funds within Australia, and coordinating the company’s industrial relations and public relations strategy.
Shares are flat this morning at 1.8 cents each at 1118am AEDT.
