Minerals 260 appoints experienced mining executive as new CEO

ASX-listed Minerals 260 (ASX:MI6) has appointed experienced mining executive Luke McFadyen as its new Chief Executive Officer (CEO), effective from 1 July 2023. 

The company says McFadyen will be working closely with Minerals 260’s Managing Director, David Richards, who will be transitioning into the Executive Director role, as the company works at executing its growth strategy. 

Commenting on his appointment, Luke McFadyen says: “I will be focused on leading the company from a relatively new explorer into an innovative mining company that will be focused on creating value for our stakeholders with the development of high-value critical and modern minerals assets.

I was attracted to Minerals 260 because of the quality of the board, the existing portfolio, the strength of its balance sheet, and the entrepreneurial spirit which underpins the company”

I was attracted to Minerals 260 because of the quality of the board, the existing portfolio, the strength of its balance sheet, and the entrepreneurial spirit which underpins the company. I am looking forward to joining the team and contributing my skills and expertise to take this business forward.”

Additionally, Minerals 260 Chairman Anthony Cipriano says: “Luke is a passionate and strategic thinker and a strong and energetic leader who will be a fantastic addition to our senior leadership team. 

His recent role at OZ Minerals and extensive previous corporate experience has given him an excellent understanding of the value of exploration opportunities — such as the ones we have secured at Minerals 260 — as the foundation to drive our growth and help build a successful resources business. 

David will continue to play a critical role as Executive Director in helping oversee our ongoing exploration programs at Moora/Koojan and Aston while working with Luke to build our team for the future — with significant experience across exploration, project development, project generation, and financial markets.”

The company notes in McFadyen’s recent role at OZ Minerals as Head of Portfolio Strategy and Economics, he was responsible for the development and analysis of corporate strategy and market intelligence and group valuation, and he led the internal independent assessment of growth opportunities at the company.

Minerals 260 is an ASX-listed company based in Perth, Western Australia, created to contain the non-lithium assets of Liontown Resources (ASX:LTR). The company’s portfolio of assets includes the Moora and Koojan Projects, located in the Julimar Mineral Province of southwest Western Australia, and the Dingo Rocks project near Esperance.

Images: Minerals 260 Ltd
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.