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- Catalyst Metals (CYL) promotes Non-Executive Director James Champion de Crespigny to Managing Director following the retirement of Gary Schwab
- A qualified chartered accountant by trade, Mr Champion de Crespigny has extensive experience in capital markets, and mergers and acquisitions, especially in mining
- With his appointment, the company is preparing for its next stage of growth which will focus on maximising value out of its two significant assets
- Mr Champion de Crespigny’s remuneration package includes a salary of $400,000 including superannuation
- Shares in Catalyst hold steady at $1.27 at market close
Catalyst Metals (CYL) has promoted Non-Executive Director James Champion de Crespigny to Managing Director following the retirement of Gary Schwab.
A qualified chartered accountant by trade, Mr Champion de Crespigny has extensive experience in capital markets, and mergers and acquisitions, especially in mining.
He was previously a director of financial advisory firm Cutfield Freeman & Co and prior to that, an Associate Director at the private equity company, EMR Capital.
With his appointment, the company is preparing for its next stage of growth which will focus on maximising value out of its two significant assets, the Henty gold mine in Tasmania and a landholding north of the Bendigo goldfields.
“The entire board believes James is highly qualified to guide Catalyst through this next phase in its life cycle,” Chairman Steve Boston said.
“18 months ago, Catalyst bought the Henty gold mine. In the process, Catalyst graduated from explorer to operator.
“Catalyst is now well advanced on a strategy to revitalise the Henty operations and we are looking to grow our portfolio beyond its current asset base.”
The prized landholding covers a near contiguous land position over 75 kilometres of strike which the company believes is now the most advanced exploration project in the Bendigo/Fosterville region.
The Henty gold mine is the next step in the company’s life cycle, which it saw as a previously attractive operation within highly prospective geology.
Catalyst believes that by continuing to invest in Henty and rebuilding its foundations, it could ultimately return to its previously attractive production and cost profile.
Mr Champion de Crespigny’s remuneration package includes a salary of $400,000 including superannuation.
Shares in Catalyst held steady at $1.27 at market close.
