Novo Resources (NVO) has appointed current Director Michael Spreadborough as Executive Co-Chairman.
Spreadborough has a mining engineering background with over 20 years of experience in lead, zinc, uranium, copper, gold and iron ore. He has held roles across the scope of the industry from business and project development to operations and exploration.
He is currently CEO of Metals X Limited and was previously Managing Director & CEO of Nusantara Resources and Non-Executive Director of CleanTeQ Holdings. He was also General Manager of Coastal Operations for Rio Tinto, responsible for port operations and the Pannawonica mine site, as well as Chief Operating Officer for Inova Resources (formerly Ivanhoe Australia).
Novo remains focused on production using its Golden Eagle processing facility, developing mechanical sorting technology to transform nuggety conglomerate deposits, and exploring its highly prospective 14,000 sq. km Pilbara tenements.
Dr. Quinton Hennigh, Novo's outgoing Chairman and President, commented,
"Mr. Spreadborough joined the company in January 2021 and immediately became an integral part of the team. Michael brings a wealth of Australian resource industry operational experience and international executive public company experience with both TSX and ASX-listed issuers to Novo. As the company transitions to steady state operations, Michael’s operational expertise and guidance will be invaluable. The other Directors and I look forward to advancing Novo’s operational efforts and future growth."
"Dr. Hennigh has guided the company from exploration to production in just over a decade, which is a rare feat in the industry," added Spreadborough. "I would like to thank Quinton, the Board and Novo’s management team for their support and I look forward to guiding the company to operational excellence."
Novo is commissioning its flagship Beatons Creek Gold Project while developing its 14,000 sq. km land package in the Pilbara region of Western Australia.
Novo Resources (NVO) closed up 7.92 per cent trading at $2.18 per share.