- Alicanto Minerals (AQI) appoints Rob Sennitt as Managing Director, effective September 1
- Mr Sennett’s appointment will enhance the company’s rapid growth strategy at its Sala project in Sweden
- Current Managing Director Peter George will move to Executive Director and will focus on advancing the project
- Mr Sennitt’s remuneration package includes a salary of $330,000 including superannuation
- Shares in Alicanto are up 7.55 per cent, trading at 5.7 cents just before market close
Alicanto Minerals (AQI) has appointed Rob Sennitt as Managing Director (MD), effective September 1.
Mr Sennett’s appointment is believed to enhance the company’s rapid growth strategy at its Sala project in Sweden.
Current Managing Director Peter George will move to Executive Director and will focus on advancing the project.
With more than 30 years of experience in the resources industry, Mr Sennitt was most recently the MD of Mineral Deposits (MDL) which holds a 50 per cent interest in the TiZir joint venture in Senegal and the titanium slag and iron smelting operations in Norway.
At Mineral Deposits, he was responsible for the performance, restructure and refinancing of the JV as well as driving MDL’s strategy and delivering a number of successful outcomes before its acquisition by French mining giant Eramet SA.
Chairman Ray Shorrocks said Mr Sennitt’s skills and resource executive experience will help ensure the company brings the value of its “flagship asset” to be fully recognised in financial markets.
“In light of this, the board has committed to accelerating the process of unlocking the full value of Sala (which) means pursuing multiple aspects of the exploration and development strategy in parallel,” he said.
“By ensuring Peter’s sole focus is on Sala and our activities in Sweden, we will maximise the efficiency and effectiveness with which the project is advanced.”
Mr Sennitt’s remuneration package includes a salary of $330,000 including superannuation.
Shares in Alicanto were up 7.55 per cent, trading at 5.7 cents just before market close.