ABx Group (ASX:ABX) has appointed Joycelyn Morton as an independent non-executive director as it looks to accelerate a number of ‘outstanding’ opportunities.
Managing Director and Chief Executive Officer Mark Cooksey tells Mining.com.au, Morton has a long experience as a director both of large companies like Australia’s largest specialised naval defence company ASC, as well as Snowy Hydro.
She also has experience within smaller companies like ABx Group, including Gelion, which is the developer of innovative battery technologies, he says.
“This has been an appointment that we’ve been thinking about for some time.
The boards of both ABx and ALCORE recognise that rejuvenation was appropriate and so we’re very delighted to welcome Joycelyn to the boards and we look forward to her contribution over coming years.”
Cooksey says: Morton brings substantial expertise in growing small, innovative companies, and her experience across a broad range of industries is ideally suited to ABx’s portfolio of growth opportunities.
“With the addition of Ms Morton, ABx looks forward to accelerating the development of its two outstanding opportunities; the ionic adsorption clay rare earth project in northern Tasmania, and the ALCORE process to convert aluminium smelter waste into high value hydrogen and aluminium fluoride.”
Morton will replace long-serving ABx non-executive director Ken Boundy, who has stepped down to focus on other director duties, alongside the ALCORE director position previously held by Derek Firth prior to his resignation in late 2023.
She currently serves as a non-executive director of two ASX-listed companies; investment company Argo Global Listed Infrastructure (ASX:ALI) and developer of a procurement management platform and vendor marketplace for the construction sector Felix Group (ASX:FLX). She is also a non-executive director of AIM-listed Gelion and privately held Epic Energy Group.
Morton has previously had non-executive director positions across a range of boards, including specialised naval defence company ASC, Snowy Hydro, and Beach Energy (ASX:BPT).
Cooksey adds: “I would like to thank Ken Boundy for his substantial and insightful contributions to ABx, having served on the board for over a decade.
“Over this long period, Ken has provided critical guidance overseeing ABx’s strategy and leaves the company well-positioned for future success. Similarly, I would like to thank Derek Firth for his support and astute contributions to ALCORE since its inception in 2018.”
ABx Group is a high-tech Australian company looking to deliver materials for a cleaner future. The company is focused on the creation of an ionic adsorption clay rare earth project in northern Tasmania, and establishing a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste via its 83% owned subsidiary ALCORE.
As of 31 December 2023, the company had $5.85 million in cash at hand, according to its latest quarterly report. Since then, ABx raised $615,960 via a share purchase plan.
Write to Aaliyah Rogan at Mining.com.au
Images: Argo Infrastructure
