Who is Mr Paul Ferguson? New Chief Executive Officer of Metalstech Limited
Metalstech Limited
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Who is Mr Paul Ferguson? New Chief Executive Officer of Metalstech Limited

Metals Australia Welcomes Paul Ferguson as CEO to Spearhead Development and Exploration

Summary: Metals Australia Ltd (ASX: MLS) has announced the appointment of Paul Ferguson as its new Chief Executive Officer (CEO). With over 30 years of global experience in the resources sector, Ferguson's expertise spans across base metals, iron ore, coal, and industrial minerals.

His appointment comes at a pivotal time as Metals Australia aims to advance its flagship Lac Rainy high-grade graphite project in Quebec and its suite of battery metals exploration projects. With A$15. 5 million in cash reserves, the company is well-positioned to accelerate project development and exploration under Ferguson’s leadership.

A Veteran Mining Engineer Takes the Helm

Paul Ferguson brings to Metals Australia a wealth of experience from his extensive career in the global resources sector. Having held senior roles with Exxon-Mobil in Canada and GMA Garnet in the USA, Ferguson has demonstrated exceptional skill in designing, building, and operating significant mining operations.

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His return to Perth in 2018 marked a continuation of his impact on the mining industry, now culminating in his leadership role at Metals Australia.

Strategic Vision for Lac Rainy and Beyond

Under Ferguson's guidance, Metals Australia is set to further develop the Lac Rainy project through feasibility studies and into commercial production. His deep knowledge of North America and experience working with government, landowners, and First Nations groups will be invaluable in navigating the project's advancement. Furthermore, Ferguson will oversee the exploration of the company’s battery metals projects, including the Warrambie and Manindi projects in Western Australia and the Corvette River lithium project in Quebec.

Board’s Confidence in Ferguson’s Leadership

Chairman Mike Scivolo expressed the board’s enthusiasm for Ferguson’s appointment, highlighting his proven track record in taking major resources projects from early stages to successful mining operations. Ferguson's appointment aligns with Metals Australia’s goal to transition from exploration to development and production, crucial for meeting the growing global demand for critical minerals essential in the energy transition.

Comprehensive Compensation Package

Ferguson’s employment agreement includes a base salary of $330,000 per annum, along with short-term incentives comprising shares and options, and a long-term incentive that increases his base salary to $430,000 per annum upon the company reaching a market capitalisation of $100,000,000 for 30 consecutive days. This package is designed to align Ferguson’s interests with those of the company and its shareholders, ensuring a shared commitment to the company’s success.

Metals Australia's Strategic Focus

With a proven track record in battery minerals discovery, Metals Australia is focused on the development of its high-quality portfolio of battery minerals and metals projects. The company’s strategic emphasis on the Lac Rainy flake-graphite project in Quebec positions it to deliver premium, battery-grade graphite to the North American market.

Under Paul Ferguson's leadership, Metals Australia is poised to capitalize on its exploration successes and advance its projects through the development pipeline, contributing significantly to the supply of critical minerals for the global green energy transition.

Paul Ferguson's appointment as CEO of Metals Australia marks a significant milestone in the company’s journey towards becoming a key player in the battery minerals sector. With his extensive experience and strategic vision, Ferguson is expected to drive Metals Australia towards realizing the full potential of its projects, thereby playing a pivotal role in the global energy transition.

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