Aeon Metals Limited appoints Dr Fred Hess as new Managing Director and CEO

SYDNEY, AUSTRALIA: Aeon Metals Limited has appointed Dr Fred Hess as its new permanent Managing Director and CEO, effective immediately.

Dr Hess has been acting in the role of Interim Managing Director and CEO since March 2021.Thedecision to appoint Dr Hess in a permanent capacity has been taken by the Aeon Board as a direct result of his expressed commitment to the role, his exceptional professional track record and expertise, and the sustained focus that he has already brought to the executive leadership position.

The appointment of Dr Hess also delivers strong continuity as Aeon progresses the revised Pre-Feasibility Study (PFS) phase on the Walford Creek Copper-Cobalt Project (Walford Creek) in north-west Queensland. The Walford Creek PFS is targeted for completion in H1 2022.

Non-Executive Chairman, Mr Paul Harris, commented: “In the short time that Fred has led the business, Aeon has embarked on a series of significant changes in strategic direction. These changes have resulted in the adoption of a simpler and more effective flow sheet to treat the Walford Creek polymetallic mineral resource, and the commencement of a targeted exploration program to support the potential for longer life and greater scale in development of Walford Creek. We are very pleased that Fred, an experienced metallurgist, project developer, mine operator, and executive leader, has committed to stay on to guide Aeonon the exciting path ahead.”

Managing Director and CEO, Dr Fred Hess, commented: “The recent changes to the strategic direction of the Walford Creek Project are indeed transformational–both technically and economically. The decision to continue my hands-on involvement in the current role reflects my excitement with the challenge, my growing confidence in success, and ultimately my determination to guide the Walford Creek Project towards a development reality.”