Battery metals player Firetail Resources Ltd (ASX:FTL) has made two executive changes which it hopes will support exploration plans, particularly two key copper assets in North and South America.
Glenn Poole – an experienced geologist who was previously Firetail’s chief executive officer – has now been promoted to the position of managing director, while former executive chairman Brett Grosvenor has repositioned himself in a non-executive chairman role.
The shift comes as Firetail launches plans to substantially unlock the York Harbour copper-zinc-silver Project in Newfoundland, while also maintaining a focus on other copper assets in Peru.
Mr Grosvenor said Glenn Poole’s experience – which includes the roles of technical director and chief geologist for Greenstone Resources and technical lead for Firefly Resources – would set Firetail up to tackle these objectives.
“As the company starts to understand the potential of the York Harbour Project, it is critical
that Glenn is empowered to drive the Company from a technical and management
perspective,” he said.
“It is clear to us from the early works completed, that the York Harbour project will
be transformational for Firetail and these changes ensure that we have the right team to
develop the asset.”
Mr Poole said he was honoured by the board’s confidence in him and was looking forward to providing news-flow from both major geological regions of focus.
“My recent visits to the Picha Project in Peru and the York Harbour Project in Newfoundland,
Canada have reinforced the potential I see for both these projects to deliver significant value to shareholders,” he added.
“In Newfoundland, the team is assembled and we are eagerly awaiting the commencement of drilling and geophysics activities in the coming weeks: work is ongoing reassessing the historic core, so we can further understand and demonstrate the unrealised potential of this project.
“In Peru, the focus is on modification of the approved work area to encompass the
highly prospective Ichucollo target in preparation for drilling, planned for mid 2025.
“I look forward to bringing shareholders updates on our exploration activities at York Harbour and share our progress as we seek to unlock the potential across our copper-focused assets in Canada and Peru.”
Shares in Firetail moved up on this news, and at 12:10 AEST, they were trading at 8.4 cents – a rise of 4.32% since the market opened.