Multi-mineral ASX-listed Oar Resources has appointed senior mining executive, Justin Richard as its new Chief Executive Officer and Managing Director, effective immediately. Richard previously served as Managing Director of ASX-listed Alara Resources, where he led that company through several capital raisings, a bankable feasibility study, a maiden ore reserve estimation and an offtake agreement.
Richard, a qualified Lawyer who holds an MBA from the London Business School, will initially be tasked with running an operational review of Oar Resource’s projects and strategies, before blazing new trails for the company.
The company also promoted its General Manager of Exploration, Anthony Greenaway to the board where he will serve as Oar’s Technical Director. The company says Greenaway’s rise will strengthen the board’s technical expertise and extend the existing management teams skillset.
Oar Resources Chairman Chris Gale, said:“We are excited to have Justin join OAR at an important point in the company’s development, to assist OAR in progressing its project portfolio including the Crown Ni-Cu-PGE Project and Nevada Gold assets. He brings a wealth of corporate and management experience, having delivered projects in multiple jurisdictions and worked with governments and stakeholders to achieve project success.”
Mr Richard will find himself with plenty to do as the company looks to build on the success of its maiden exploration program at its Douglas Canyon Gold Project in the United States amongst others.
Oar’s Douglas Canyon campaign saw the explorer sink four diamond holes totalling around 1,000 metres to test high-grade outcropping gold and silver mineralisation. The program was aimed at probing a string of parallel vein structures.
Outside of Oar’s American operations, the company has its foot on a portfolio of domestic tenements including its Gibraltar project on the Eyre Peninsula in South Australia. At Gibraltar, the company recently unveiled what it says was the highest grade halloysite hit ever recorded in Australia. Drilling results at the project include intersections with grades of over 30 per cent and boasted one sample going over 53 per cent.
The company’s stable also includes its nickel, copper and platinum group elements-focused Crown project in the red-hot Julimar district of WA. The project sits around 8 kilometres away from Chalice Mining’s revered Gonneville nickel, copper and PGE deposit.
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