Australian Rare Earths (ASX:AR3) reports that Chairman Dudley Kingsnorth will retire at the close of the forthcoming Annual General Meeting on 8 November 2023.
Subject to his re-election as a Non-Executive Director at the AGM, Angus Barker has been appointed as Non-Executive Chairman with effect from the close of the AGM.
Barker was appointed to the board as a Non-Executive Director in March 2023 and is a member of the Audit and Risk Committee. He has more than 20 years’ investment banking experience across mergers and acquisitions and capital markets, working with global investment banking firms in Hong Kong, Australia, and the UK.
“It is now some 3 short years since I met the founders of AR3, seeking someone with rare earths expertise to join their board“
Commenting on his retirement, Kingsnorth says: “It is now some 3 short years since I met the founders of AR3, seeking someone with rare earths expertise to join their board. I was struck by their enthusiasm for the project then and now that enthusiasm is very much part of the company’s culture. This enthusiasm is a key component of our success so far, and I believe will ensure the company continues to mature and grow under the guidance of Angus and Travis.”
Australian Rare Earths’ 100% owned flagship Koppamurra Project is located in the new Koppamurra rare earths province in southeastern South Australia and western Victoria.
Koppamurra is a prospective ionic clay hosted rare earth deposit, ‘rich’ in all the elements required in the manufacture of rare earth permanent magnets which are essential components in electric vehicles, wind turbines, and domestic appliances.
Write to Adam Orlando at Mining.com.au
Images: Australian Rare Earths