Australian Mines appoints new CEO with battery metals expertise

SYDNEY, AUSTRALIA: Australian Mines Limited (AUZ), a company developing the Sconi Battery Mineral Project in Queensland, has announced the appointment of Andrew Luke Nesbitt as its new Chief Executive Officer (CEO), effective from 2 October 2023.

Mr Nesbitt is a mining engineer and an MBA graduate with over 25 years of experience in the natural resources sector. He has worked in various executive, production and technical roles for companies such as De Beers and Goldfields, and has also been involved in raising funds for numerous Metals and Mining companies. He has conducted feasibility studies across the world with the leading technical consulting group SRK.

Mr Nesbitt is also an experienced investor, having previously worked as a partner and portfolio manager for Craton Capital Pty Limited, a global precious metals mining fund with over US$400 million of assets under management. He was the previous CEO of Resource Mining Corporation Limited, an ASX Listed Metals and Mining exploration company focused on Nickel and Lithium exploration. He is currently a Director of AIM listed RiverFort Global Capital Plc, a specialist provider of financing to junior companies.

Mr Nesbitt has exceptional expertise and experience in identifying, progressing, and qualifying projects of significance, particularly in battery metals. This provides an excellent opportunity for AUZ to not only cement its current foothold, but also to expand the company’s offering in the green energy space.

Australian Mines Chairman, Michael Ramsden, commented that “The Board is pleased to announce Andrew’s appointment as CEO. His diverse skill set and extensive experience will play an important role in advancing negotiations with various prospective key strategic partners and guiding Australian Mines through the next phases of the Sconi Project’s development. Moreover, under Andrew’s leadership, there is potential for the company to explore opportunities for acquiring additional, synergistic battery mineral projects.”

The Board also thanked departing CEO, Michael Holmes, for his leadership in obtaining the Greenvale Mining Lease and moving the Sconi Battery Mineral Project permitting and regulatory activities forward. Mr Holmes will step down as CEO on 2 October 2023, but will remain with the company during a handover period until 6 October 2023.

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