- CZR Resources (CZR) appoints Stefan Murphy as Managing Director, effectively immediately
- He will be replacing Rob Ramsay who did not state why he was leaving the company
- Mr Murphy began his career as a mine geologist in the Pilbara, working with BHP and spending the last 20 years working across a range of project
- In additon, he has worked in corporate finance roles across Australia and the United Kingdom with a focus on capital markets and mergers and acquisitions
- CZR ends the day in the grey with shares trading at 0.7 cents
CZR Resources (CZR) has appointed Stefan Murphy as Managing Director, effective immediately.
He will be replacing Rob Ramsay, who did not state why he was leaving.
Mr Murphy began his career as a mine geologist in the Pilbara, working with BHP and spending the last 20 years working on mining and exploration projects throughout Australia.
Most recently, he led the development and commissioning of the Roper Bar iron ore mine in the Northern Territory.
In addition to these mining and exploration roles, Mr Murphy has worked in corporate finance roles across Australia and the United Kingdom, with a focus on capital markets and mergers and acquisitions.
Chairman Russell Clark is pleased to have Mr Murphy join the team and thanks outgoing Managing Director Rob Ramsay.
“We are delighted to have Stefan join the CZR team. His geology background, combined with his corporate finance and project development experience, is a perfect fit and we look forward to him progressing CZR’s portfolio of highly promising projects,” Mr Clark commented.
“On behalf of the CZR Board, I would like to thank outgoing Managing Director Rob Ramsay for his valuable contribution over the past decade, during which time the company has enjoyed significant exploration success and is now developing a new iron ore mine.”
In this Managing Director role, Mr Murphy will receive a salary of $300,000 per annum plus statutory superannuation.
He will also be issued 40 million performance options with an exercise price of $0.000001 and an expiry of four years from employment.
Mr Murphy commented on his employment.
“The Robe Mesa iron ore project is an exceptional development opportunity with near-term production potential,” he said.
“CZR also has an outstanding exploration portfolio and pipeline of projects. I look forward to continuing the exceptional work of Rob and his team, bringing Robe Mesa into production and realising the potential of CZR’s exploration assets.”
CZR has ended the day in the grey with shares trading at 0.7 cents in a $24.40 million market cap.