Elementos (ASX:ELT) - Chairman, Andy Greig
Chairman, Andy Greig
Sourced: Elementos
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  • Elementos (ELT) CEO Chris Creagh has stepped down from his position as part of a board restructure
  • The restructure comes ahead of the release of an economic study for the recently acquired Oropesa Tin Project in Spain
  • In addition, the company has appointed Emilio Hormaeche Bogorra as the Project manager for the new Spanish tin project
  • He is a chemical engineer with over 40 years experience in mine development
  • Shares in Elementos closed flat at 0.2 cents each before the Easter long weekend

Elementos (ELT) CEO Chris Creagh has stepped down from his position as part of a board restructure.

The restructure comes ahead of the release of an economic study for its Oropesa Tin Project located in Andalucia, Spain which the company acquired in January this year.

The restructuring, according to Elementos Chairman Andy Greig was prompted by the acquisition in Spain and the need to assemble a corresponding skillset.

“With the pending release of the Oropesa Economic Study, Elementos restructured both the company’s Board and management to introduce new skills and provide the appropriate resources in Spain to deliver on the planned work programs.”

Mr Creagh will continue to offer geological consulting for the Oropesa project as well as the company’s Cleveland Tin Project in Tasmania.

In addition, the company has appointed Emilio Hormaeche Bogorra as the Oropesa Project Manager. He is a chemical engineer with over 40 years experience in mine development as well as the founder of the Spanish engineering company, Soluciones, Concentradores Y Procesos de Ingeniera.

“Emilio’s appointment represents an exciting new phase of growth for Elementos and complements the recent appointment of Brett Smith to the board who has significant experience developing mining projects in Europe,” said Andy Greig.

Elementos’ focus on the Oropesa Tin Project in part of its strategy to capitalise on rising demand for tin, fueled by the growing global interest in renewable energy and electric vehicles.

Shares in Elementos closed flat at 0.2 cents each before the Easter long weekend.

ELT by the numbers
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