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- Recharge Metals’ (REC) announces the resignation of Managing Director Brett Wallace, who will leave the company at the end of February 2023
- The company did not say why Mr Wallace was leaving
- Recharge has now begun a “comprehensive” search for a new Managing Director and board member
- Non-Executive Director Felicity Repacholi-Muir will step in as interim Executive Director, effective immediately
- Shares in Recharge Metals are down 6.9 per cent to 13.5 cents at 12:45 pm AEDT
Recharge Metals’ (REC) has announced the resignation of Managing Director Brett Wallace, who will leave the company at the end of February 2023.
Recharge did not specify why Mr Wallace was leaving, but the company has now begun a “comprehensive” search for a new Managing Director and board member.
Non-Executive Director Felicity Repacholi-Muir will step in as interim Executive Director, effective immediately.
A geologist by trade, Ms Repacholi-Muir has 20 years of experience in the field of mineral exploration and resource development.
Recharge said she was experienced in conducting due diligence and project evaluations for venture capital business development and had a wide range of experience in mineral commodities.
Further, she has been part of the exploration team responsible for the discovery and delineation of several economic deposits at the company.
Prior to joining Recharge, Ms Repacholi-Muir was a founding Non-Executive Director of Whitestar Resources.
Non-Executive Chairman Simon Andrew paid tribute to Mr Wallace’s contribution to the company and wished him well in his future endeavours.
“Brett was instrumental in the formation of the company and the successful listing of Recharge on the ASX in October 2021,” Mr Andrews said.
“He has successfully completed multiple drilling campaigns on the company’s flagship asset, the Brandy Hill South copper project.”
Ms Repacholi-Muir will be retained on a month-to-month basis with no fixed term.
Her remuneration is set at $1500 per day in addition to non-executive fees.
Shares in Recharge Metals were down 6.9 per cent to 13.5 cents at 12:45 pm AEDT.
