Astute Metals makes shrewd board moves

Astute Metals (ASX:ASE) General Manager of Exploration Matt Healy has been appointed as the company’s new Executive Director effective from today (30 November). 

The management shift comes as current Executive Chairman Tony Leibowitz announces he intends to transition to Non-Executive Chairman.

Astute, which has a $13.13 million market capitalisation, says Healy’s appointment to the board in an executive capacity is considered to be critical to its ongoing success.

The company states Healy has been instrumental in the formulation and execution of its corporate strategy and in the implementation of its exploration and growth strategy across its growing North American lithium portfolio. 

Healy is also noted to have made an invaluable contribution to the establishment of a solid platform with ‘significant’ growth potential. 

Leibowitz says: “I am thrilled to have overseen Matt’s rapid growth and progression with the company and to now announce his appointment as an Executive Director. 

Matt has and will continue to make a significant contribution to the company’s strategy and the continued creation of value for the benefit of all shareholders.”   

Healy is a geologist with more than 17 years’ experience working at senior levels within ASX-listed explorers and private resources companies exploring for and developing critical minerals, base metal, and precious metal ore deposits. 

Prior to joining Astute, he served as Chief Executive Officer for Greenvale Energy (ASX:GRV) and Exploration Manager at Round Oak Minerals (a then wholly owned subsidiary of diversified investment company Washington H. Soul Pattinson & Co). 

Healy joined the team at Astute in November 2022 following Astute’s acquisition of an 80% interest in the Georgina Basin iron oxide copper gold (IOCG) Project from Greenvale Energy  

Astute Metals is a diversified explorer focusing on finding and developing critical minerals required for electrification and the global energy transition. 

The company’s project portfolio sits in tier-one jurisdictions including Nevada, US, Western Australia, and the Northern Territory. 

As of 30 September 2023, Astute Metals had $4.182 million cash and cash equivalents at hand, according to its latest quarterly report.

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Images: Astute Metals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.