THE BOURSE WHISPERER: Wolf Minerals (ASX: WLF) has appointed former Grange Resources managing director Russell Clark as the company’s new managing director.
Clark replaces inaugural managing director Humphrey Hale who is to remain with the company as a consultant for three months to ensure an efficient hand-over and transition of leadership.
Wolf said the change of MD was in line with its transition strategy as it moves from the exploration-development phase into mine construction, and eventual production, at the company’s Hemerdon tungsten and tin project in Devon, in southwest England.
Hale departs after seven years with Wolf, where he oversaw its ASX listing in 2007, and acquired the Hemerdon project and managed its growth and development, which culminated in a robust Definitive Feasibility Study and a major funding package to facilitate the project’s development.
Clark comes to the job well credentialed with more than 35 years’ experience in technical roles, project management, general management and executive positions in the USA, Africa, Papua New Guinea, and Australia.
He was previously managing director of Grange Resources (ASX: GRR) when it merged with Australian Bulk Minerals.
He was also in charge during Grange’s completion of prefeasibility and bankable feasibility studies for its $3 billion Southdown magnetite project.
“I am absolutely delighted that the Company’s advanced Hemerdon tungsten project has attracted someone of Russell’s calibre to join Wolf as its managing director,” Wolf Minerals chairman John Hopkins said in the company’s announcement to the Australian Securities Exchange.
“He has demonstrated abilities to both develop and manage projects as well as to communicate effectively with the market.”