Mineral Commodities (ASX:MRC) CEO and MD Jacob Deysel resigns

• Mineral Commodities (MRC) CEO and Managing Director Jacob Deysel resigns due to personal reasons
• While his resignation is effective immediately, Mr Deysel will remain with the company in an advisory capacity
• Mineral Commodities Chief Financial Officer Adam Bick will step in as interim CEO from today
• The company’s forward focus is on growing its asset valuation through accelerated Munglinup development with a final investment decision targeted for Q2 2023
• Shares in Mineral Commodities last traded at seven cents on January 5

Mineral Commodities (MRC) CEO and Managing Director Jacob Deysel has resigned, citing personal reasons.

While his resignation is effective immediately, Mr Deysel will remain with the company in an advisory capacity.

Chairman Brian Moller thanked Mr Deysel for his “significant contribution” to the company.

“Jacob laid the foundation for MRC’s Five Year Strategic Plan 2022-2026 and the recent
Rights Issue that was strongly supported by shareholders,” he said.

“He has worked hard on fostering strong relationships with shareholders and regulators, with the company now well placed to build improved profitability in its heavy minerals business and increase the asset value of its battery minerals business.”

Mineral Commodities has appointed its Chief Financial Officer Adam Bick as interim CEO to step in from today.

Mr Bick joined the company in 2017 and was promoted to CFO in 2019, bringing with him nearly three decades of experience across global resources companies.

“Adam has a long term understanding of MRC’s assets and has built positive, wide ranging relationships with staff, customers, suppliers, shareholders and regulators,” Mr Moller said.

“He brings strong business acumen and will continue to deliver the Strategic Plan for shareholders.”

The company will turn its focus to growing its asset valuation through accelerated Munglinup development with a final investment decision targeted for Q2 2023.

Shares in Mineral Commodities last traded at seven cents on January 5.