- Group 6 Metals (G6M) appoints Keith McKnight as its new Chief Operation Officer
- Mr McKnight joins the resources exploration and development company through a consultancy agreement with Dara Advisory on a $30,000 per month agreement
- The incoming CEO has over 22 years of mining and resources project delivery and company management experience in Australia and overseas
- As Group 6 prepares for the redevelopment of its Dolphin tungsten mine located on King Island, Tasmania, the new CEO says he is honoured to lead the company
- At market close, shares were trading 8.8 per cent lower at 15.5 cents
Group 6 Metals (G6M) has appointed Keith McKnight as its new Chief Operating Officer.
Mr McKnight joins the resources exploration and development company through a consultancy agreement with Dara Advisory on a $30,000 per month agreement which begins today.
According to Group 6, the incoming CEO has over 22 years of mining and resources project delivery and company management experience in Australia and overseas.
In previous roles, he has been involved with mechanical design as well as management across contract, construction, commissioning and operations.
He was previously Managing Director and co-founder of Kirrama Resources, a commodities development company with chromite and manganese projects in Madagascar.
Mr McKnight brings to the role extensive experience spanning a range of commodities and has a Bachelor’s Degree in Mechanical Engineering (Honours) from the University of Limerick, Ireland.
At present, Group 6 Metals is focused on the redevelopment of its Dolphin Tungsten Mine located on King Island, Tasmania and the new CEO said he is honoured and privileged to lead the company through its next phase of growth.
“G6M is a company with a strong foundation for growth, underpinned by its world-class tungsten asset at Dolphin on King Island, with a talented team who are passionate about their industry and community,” Group 6 Metals Executive Chairman Johann Jacobs said.
“The opportunity to lead this team as we work towards production at Dolphin and pursue critical mass is exciting.”
In addition to $360,000 per year, the consultancy agreement also includes a consultancy bonus of up to $144,000 per annum.
Subject to shareholder approval, a sign-on bonus will be issued via three tranches of 2.5 million unquoted share options, each with the right to be issued one company share for a strike price of 18 cents per share, with a three-year expiry term, 20 cents per share, with a four-year expiry term and 22 cents per share, with a five-year expiry term.
Shares closed 8.8 per cent lower to trade at 15.5 cents.