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Ajanth Saverimutto

Ajanth (AJ) Saverimutto is a mining engineer with extensive senior management experience, and was the founder and managing director of privately-held Australian company Salt Lake Mining. During his time with Salt Lake Mining, Mr Saverimutto led the acquisition of a high quality asset portfolio including the Beta Hunt nickel-gold mine in Western Australia which was successfully brought out of care & maintenance, financed and into production, producing both nickel and gold. After operating the Beta Hunt mine for nearly four years, Salt Lake Mining was acquired in 2016 by TSX-listed Royal Nickel Corporation. Mr Saverimutto also held senior management roles including as chief operating officer of ASX-listed gold miner and explorer Unity Mining, mining manager of BHP Billiton Stainless Steel Materials, as well as being mining manager and chief mining engineer for leading international copper producer FreeportMcMoRan (NYSE: FCX).
Bio last updated 08 Nov 2019

Article Timeline

Positions - Previous

PositionCompanyYearCompany's current rankWA staff
Managing Director
Venturex Resources
Venturex Resources
2018 - 2019105
Founder, Managing Director
Default
Salt Lake Mining
2012 - 2016

Directors Interests

CompanyDateTransaction typeNumber of sharesPrice per shareTransaction valueNature of change
Venturex Resources15 May 2019Bought50,000$0.20$9,750On-market trade
Venturex Resources17 Dec 2018Bought83,334$0.18$15,000OtherParticipation in share purchase plan
Venturex Resources17 Aug 2018Issued65,000,000OtherIssue of securities: 65,000,000 - Performance Rights.
Venturex Resources13 Apr 2018Bought3,783,333$0.01$49,701On-market trade
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Directors Shareholdings

CompanyDirect sharesIndirect sharesTotal sharesTotal value
Venturex Resources385,557385,557$26,603

Equity Capital Markets Deals

DateCompanyTransaction TypeTotal Value
18/03/19Venturex ResourcesPlacement$4.7m>>
17/12/18Venturex ResourcesPlacement + share purchase plan$2.3m>>

Total Shareholder Return as at 28/02/20

1 year TSR5 year TSR
2ndRareX3000%16%
100thRumble Resources64%22%
601stBuxton Resources-39%-14%
725thVenturex Resources-58%6%
671 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

15/05/19
$10k Bought
17/12/18
$15k Bought
17/08/18
$0 Issued
Total value as at the date of the transaction
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Revenue

105th↑Venturex Resources$1.3m
120th↓Buxton Resources$726k
122nd-RareX$721k
125th↑Rumble Resources$677k
126th↓Carbine Resources$676k
479 listed resources companies ranked by revenue.
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