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Minerals 260 (MI6) appoints experienced mining exec as CEO

ASX News, Materials
ASX:MI6      MCAP $30.42M
26 May 2023 10:18 (AEDT)

Source: Minerals 260

Minerals 260 (MI6) has appointed experienced mining executive Luke McFadyen as its new Chief Executive Officer, effective frmo July 1, 2023.

Mr McFadyen has more than 15 years’ experience working in top-tier, global organisations, including at BHP (BHP)South32 (S32)Syrah Resources (SYR), KPMG and the International Copper Association Australia.

He most recently served as Head of Portfolio Strategy & Economics at OZ Minerals.

Minerals 260 Chair Anthony Cipriano said the company was “extremely fortunate” to onboard someone of Mr McFadyen’s calibre.

“Luke is a passionate and strategic thinker and a strong and energetic leader who will be a fantastic addition to our senior leadership team,” he said.

“His recent role at OZ Minerals and extensive previous corporate experience has given him an excellent understanding of the value of exploration opportunities – such as the ones we have secured at Minerals 260 – as the foundation to drive our growth and help build a successful resources business.”

The company reported Mr McFadyen’s experience covers strategy, valuations, investment assessments, commodity market analysis and risk management.

Mr Cipriano expressed that Mr McFadyen will work closely with Founding Managing Director David Richards to drive the company’s growth strategy moving forward, overseeing the company’s ongoing exploration at Moora/Koojan and Aston, while also building a team for the future.

Shares in MI6 was up 3.33 per cent, trading at 46.5 cents at 10:20 am AEST.

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