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- Centrex Metals (CXM) has appointed Robert Mencel as Chief Executive Officer
- The appointment comes with a base salary of $390,000, effective from May 24
- Chairman Graham Chrisp said Robert Mencel was attractive to the company given his significant experience with developing, operating and marketing phosphate and potash projects
- The appointment comes after news that Centrex has completed its initial stage of mining at the Ardmore Phosphate Deposit, with costs coming in substantially below the company’s budget expectations
- Centrex Metals is up 5.66 per cent, trading at 5.6 cents
Centrex Metals (CXM) has appointed Robert Mencel as Chief Executive Officer of the company, effective from May 24.
The appointment comes with a base salary of $390,000 exclusive of superannuation, plus participation in an incentive scheme.
Robert Mencel comes with more than 25 years’ experience developing and operating a wide range of mining, mineral processing and engineering operations. He previously held the position of CEO for RONPHOS Corp, the Republic of Nauru’s phosphate company, where he was responsible for production, marketing and export of phosphate to customers through Asia and the Indian Pacific region.
Chairman Graham Chrisp said Mr Mencel was particularly attractive to the company given his significant experience with developing, operating and marketing phosphate and potash projects.
The Chairman says the appointment comes at a critical growth phase for the company as it progresses the financing and development of its flagship asset, the Ardmore rock phosphate project in Northern Queensland, with the aim of transitioning from explorer to developer.
This announcement comes after the news that Centrex has completed its initial stage of mining at the Ardmore Phosphate Deposit, with costs coming in substantially below the company’s budget expectations. During this stage, just over 25,000 tonnes of ore was stockpiled.
Additionally, the process of funding an additional $1 million is proceeding, with the work to complete preconditions required under the agreement being undertaken. This funding is set to be received by the end of the month.
Centrex Metals is up 5.66 per cent, trading at 5.6 cents at 2:40 pm AEST.
