SYDNEY, AUSTRALIA: A-Cap Energy Limited (ASX: ACB) ) has appointed Dr Andrew Tunks as Chief Executive Officer to direct the company’s upcoming feasibility studies on Letlhakane Uranium in Botswana and Wilconi Ni-Co in Western Australia.
Dr Tunks is a member of the Australian Institute of Geoscientists holding a B.Sc. (Hons) from Monash and a Ph.D. in Economic Geology from the University of Tasmania. Dr Tunks has held numerous leadership and exploration positions during his 30+ year career, with various ASX-listed companies.
Most notably, he was Managing Director of A-Cap Resources from 2006 to 2011 where he led the development of the Letlhakane Project from discovery and first drill hole to one of the world’s largest uranium resources.
A-Cap Chairman, Mr Jiandong He, said Dr Tunks is a proven performer whose technical and corporate expertise would drive a new chapter of growth for the company.
“The chief executive role is new to our organisational structure but critical to making the most of our projects, particularly the Letlhakane Project which hosts one of the world’s top 10 uranium resources,” Mr He said.
“Dr Tunks is a seasoned mining veteran with wide experience spanning many facets of the resources industry, and several countries including Botswana and Australia where our projects are located. Given his track record, and significant A-Cap history, Dr Tunks is the perfect candidate to lead the company during its next phase of growth.”
Amid strong global uranium prices, Dr Tunks was pleased to be returning to A-Cap, describing the discovery and growth of Letlhakane as the highlight of his career.
Dr Tunks stated “I am delighted at being asked to come back to lead A-Cap Energy. The discovery and growth of Letlhakane and the excellent technical team we built in Botswana was a highlight of my career. I have always believed that if the uranium price turned around then the time would come that Letlhakane could be one of the world’s leading uranium projects. I believe that time has come and the world needs uranium to supply clean electricity, underpinning critical base load power to the surge in renewable power. The addition of the Wilconi Ni-Co project puts A-Cap in the centre of the clean energy world and will provide an exciting time for our shareholders as we progress both projects.”
Dr Tunks is a member of the Australian Institute of Geoscientists holding a B.Sc. (Hons) from Monash and a Ph.D. in Economic Geology from the University of Tasmania.
A-Cap Energy is an Australian resources company focused on the development of critical minerals serving the world’s path to carbon net zero.