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- Walkabout Resources (WKT) has announced changes to its board and senior management positions
- The new roles include Mike Elliott taking the position of Non-Executive Chair, Allan Mulligan assuming the role of Chief Operating Officer and Andrew Cunningham appointed as Chief Executive
- The board changes come after the recent acquisition of debt funding for the company’s Lindi Jumbo graphite project in Tanzania
- The company has also identified a number of senior roles that will be recruited once companion equity funding is complete
- Walkabout Resources is up 5.63 per cent, trading at 37.5 cents
Walkabout Resources (WKT) has reshuffled its board and senior management positions.
This announcement comes after the recent acquisition of debt funding for the company’s Lindi Jumbo graphite project in Tanzania.
Mike Elliott has been elected as a Non-Executive Chair of the board. Elliott has been a non-executive director since 2018 and provided essential guidance to the team during the debt funding process over the COVID pandemic.
Allan Mulligan will step down from the board and assume the new role of Chief Operating Officer, with his main focus on the delivery of the Lindi Jumbo project.
As a result of this exit, Walkabout will reorganise its board composition. This will entail the appointment of two additional non-executive directors, once suitable candidates have been identified.
Additionally, Andrew Cunningham has been appointed Chief Executive. Cunningham has been working with Walkabout Resources since 2013 and brings a wide range of exploration, feasibility study management, resource development and mine development experience to the company. Andrew Cunningham is also based in Africa, which marks a major advantage to the company as COVID travel restrictions make any Australian-based management complex.
Bruce White will continue to act as Lindi Jumbo Project Manager.
The company says it believes the safe, punctual and budgeted delivery of the Lindi Jumbo mine construction is a corporate priority.
“Given the unique aspects of developing and operating a project in Tanzania and in the graphite sector, it is a major risk mitigant that our executive team has strong continuity from the exploration, evaluation and design phase,” said Mike Elliott.
The company has also identified a number of senior roles that will be recruited once companion equity funding is complete.
Walkabout Resources is up 5.63 per cent, trading at 37.5 cents at 9:40 am AEST.
