Rewards Minerals (RWD) has appointed former Yandal Resources (YRL) CEO and Managing Director Lorry Hughes as its new CEO, effective September 8.
An economic geologist by trade, Mr Hughes has 30 years of resource industry experience from working on numerous projects in Australia and overseas, holding management positions in companies like South Boulder Mines and Yandal.
At South Boulder Mines, he was responsible for the discovery and initial development of the world-class Colluli potash project in Eritrea, East Africa.
He has previously held other executive and senior management positions for mining and development companies including Intermin Resources, Australian Vanadium (AVL) and Rio Tinto (RIO).
His corporate and technical expertise includes capital raising, company promotion,
corporate strategy, feasibility study delivery, geological resource definition and expansion and mine planning.
“Lorry has a range of capabilities Reward will put to good use in the coming years as we develop the Kumpupintil Lake Potash project, commercialise our new potash brine processing technology and engage with third parties,” Executive Director Michael Ruane said.
“For the last three months he has been working at Reward in a corporate advisory role so should hit the ground running to lead us through the next steps.”
Commenting on his appointment, Mr Hughes said it is an outstanding opportunity ahead to continue the development and commercialisation of Reward’s technology.
His remuneration package includes a salary of $240,000 per annum plus superannuation with five million company shares at an exercise price of 20 cents each.
Shares in Reward Minerals have ended the day in the grey to close at 10 cents.
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