Copper-focused base and precious metals mining company 29Metals (ASX:29M) has strengthened its board by appointing 2 new directors effective on 17 April 2023.
The company reports the appointment of Tamara Brown as an independent Non-Executive director, and Francis ‘Creigh’ O’Connor as the second EMR Nominee Director, will further strengthen the depth of experience on the board.
29Metals reports Brown brings ‘extensive’ executive experience and senior management experience gained in the precious and base metals mining sector. Brown has also been appointed by the board as a member of the Sustainability Committee, and as an additional member of the Audit, Governance, and Risk Committee.
Meanwhile O’Connor is joining the board under the terms of the relationship deed between 29Metals and the EMR Capital Investors, bringing with him further commercial and mining sector experience. O’Connor has also been appointed as a member of the board’s Remuneration and Nominations Committee.
Commenting on the appointments, 29Metals Board of Directors Chair, Owen Hegarty says: “On behalf of the board, I welcome Tamara and Creigh. We are delighted to be joined by 2 high-calibre directors.
“In addition to considerable commercial and mining sector experience, Tamara and Creigh will bring a fresh perspective to the board”
In addition to considerable commercial and mining sector experience, Tamara and Creigh will bring a fresh perspective to the board as we navigate current shorter term challenges and ensure that 29Metals remains positioned to capitalise on our opportunities.”
29Metals reports Brown will participate in the non-executive director salary sacrifice share plan (NED Share Plan), approved by shareholders at the 2022 Annual General Meeting following her appointment. The company also notes that O’Connor is eligible to participate in the NED Share Plan but is not expected to participate as his interest in the company is greater than the board’s minimum shareholding policy.
29Metals is an ASX-listed copper-focused base and precious metals mining company that currently holds the Golden Grove Mine in Western Australia, the Capricorn Copper Mine in Queensland, and the Redhill Project in Chile.
Images: 29Metals Ltd
