Total
0
Shares
A Prospect Within the Millie’s Reward Project, Madagascar. Source: Greenwing Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Greenwing Resources (GW1) appoints Craig Lennon as Chief Executive Officer effective immediately
  • Mr Lennon previously held CFO and CEO positions with Highlands Pacific and continues to advise Nickel 28 Capital as well as Brisbane based refiner, Pure Battery Technologies
  • He takes over from Tim McManus who will remain with the company in a technical advisory role, supporting GW1’s activities in Madagascar
  • The incoming CEO will be on an annual salary of $300,000 and will be entitled to equity incentives inclusive of 400,000 options over ordinary shares
  • Company shares slid 3.7 per cent to 52 cents

Greenwing Resources has appointed Craig Lennon as Chief Executive Officer, effective immediately.

The new CEO of the green metals company will receive an annual salary of $300,000 and be eligible for equity incentives inclusive of 400,000 options over ordinary shares exercisable at 60 cents each on or before June 30, 2025.

Previously as a mining executive, Mr Lennon has worked with operating production assets in developing countries and has experience in exploration, development, corporate finance, joint ventures and mergers and acquisitions.

He has held CFO and CEO roles at Highlands Pacific, which owned an interest in the Ramu Nickel Cobalt mine and the Freida River copper gold porphyry deposit in Papua New Guinea.

Highlands was acquired by TSX listed Cobalt 27 Capital, which merged into Nickel 28 Capital, where Mr Lennon continues to act as an advisor.

He also advises Pure Battery Technologies, a Brisbane based nickel and cobalt refiner, and is a non-executive director of AMD Resources.

Mr Lennon takes over from Tim McManus, who will remain with the company in a technical advisory role.

The outgoing CEO will continue to support activities in Madagascar, including community relations, exploration and the operation, development and expansion of the Graphmada Mining Complex.

The news follows the company’s announcement at the start of November that it extended the Mahala Zone at the Graphmada complex through its drilling campaign.

The company thanked Mr McManus for his role in GW1’s progress over the past six years.

GW1 shares slid 3.7 per cent to trade at 52 cents at 3:11 pm AEDT.

GW1 by the numbers
More From The Market Herald
Vimy Resources (ASX:VMY) - Interim CEO, Steven Michael

" Vimy Resources (ASX:VMY) advances controversial Mulga Rock Uranium Project

Vimy Resources (VMY) has submitted a notification of ‘substantial commencement’ for the Mulga Rock Uranium Project in Western Australia.

" Dynamic Group (ASX:DDB) secures six short term contracts worth up to $14.1m

Dynamic Group (DDB) has secured six short-term contracts through its wholly-owned subsidiaries, Orlando Drilling and Drill & Blast.

" Horseshoe Metals (ASX:HOR) completes ASX requirements for potential relisting

Horseshoe Metals (HOR) has completed the activity requirements for the ASX to consider lifting its suspension from trading.
Bardoc Gold (ASX:BDC) - CEO, Robert Ryan

" Bardoc Gold (ASX:BDC) confirms extensions of Zoroastrian deposit

Bardoc Gold (BDC) has announced most recent assay results from the Zoroastrian deposit within its namesake project “exceeded expectations”.