Fortified by Strong Management, Comet Resources Advancing Well on its Project Portfolio

  • Mar 26, 2020 AEDT
  • Team Kalkine
Fortified by Strong Management, Comet Resources Advancing Well on its Project Portfolio

While the world appears grappled by the deadly impact of Covid-19, the Australian explorer, Comet Resources Limited (ASX: CRL) has garnered a focused approach towards its project developments. The company is advancing well with its project operations as it undertakes significant activities and accomplishes various milestones in relation to the Springdale Graphite project. 

The high-grade Springdale Graphite  project located in Western Australia’s southwest region basks in the glory of robust infrastructure in the form of proximity to Port Esperance, sealed roads, piped gas and grid power. 

Operating as the explorer of the battery commodities, Comet Resources, along with the graphite development, is extending is operations to the copper exploration as well. The proposed acquisition of the Barraba Copper project in New South Wales opens a myriad of opportunities with the growing demand for copper. 

 

               Source: ASX

                      Source: ASX

 

Under the leadership of the experienced industry experts, the company successfully undertook a range of critical activities along with the drilling programs that highlighted high-grade graphite exploration prospects for the company.

The appointment of Mr Matthew O’Kane as Managing Director of Comet Resources on 12 November 2019 comes as a further strengthening point, and the company is expected to benefit from the vast array of experience that comes along with him. 

With this backdrop, let us have a glimpse at the experienced management whose proficiency and expertise lies behind the successful endeavours of the company

Matthew O’Kane- Managing Director

Bachelor of Economics and Finance, MBA (Royal Melbourne Institute of Technology), CPA

Matthew O’Kane, with over 25 years of finance experience in the automotive, mining and commodities sectors, held senior executive roles in a range of private and public companies in Australia, Asia and USA. His expertise also incorporates his nine years in Asia where he gained a wealth of experience and contacts over a wide range of commodities including producing companies, exploration and development plays and commodities trading.

Mr O’Kane has experience in forecasting and analysis, long-range planning, external and internal financial reporting, corporate governance, internal control and productive negotiations.

Alex Molyneux- Non-executive Director

Bachelor of Economics (Monash University)

Alex Molyneux is extensively known for his vast amount of mining industry experience as he worked as an executive and financier in the metals and mining sector and currently is the CEO of Galena Mining Limited (ASX: G1A). Prior to Galena, he served as the CEO of Paladin Energy Ltd. (ASX: PDN)for three years and spent around five years with Ivanhoe Mines Group and Ivanhoe Energy. 

Besides Galena, he serves on many company boards such as Metalla Royalty & Streaming Ltd. (TSX-V: MTA), Azarga Metals Corp. (TSX-V: AZR), Argosy Minerals Ltd. (ASX: AGY) and Tempus Resources Ltd. (ASX: TMR). As a specialist resources investment banker, he for around 10-years provided services related to investment banking to the companies invested in natural resources. He worked for Citigroup’s Asia Pacific division as Managing Director and Head of Metals and Mining Investment Banking before holding key director and executive roles in the mining sector

Hamish Halliday- Non-Executive Chairman

BSc (Geology), Professional Association- MAusIMM

Mr Halliday’s professional experience is embellished by his role in Adamus Resources Limited, which he not only founded but also grew to a multi-million ounce emerging gold producer. He also co-founded two successful junior explorers which include Gryphon Minerals Limited and Venture Minerals Ltd.

Mr Halliday serves as a Director of Alicanto Minerals Ltd, Blackstone Minerals Ltd and Venture Minerals Ltd. 

David Prentice- Non-executive Director

MBA (Deakin University)

With 25 plus years of international and domestic experience, Mr David Prentice is a senior resources executive. In his early career, he has worked with Australia’s most successful nickel and gold exploration and mining companies as he worked in business development and commercial roles within the resources sector. 

While working with Australian publicly traded companies in both non-executive and executive director roles, he has gained production sector and international oil and gas exploration experience during the last 12 years. Besides being the non-executive director of Comet Resources, Black Mesa Production and LLC, he also serves as the Chairman of Lustrum Minerals Limited and Managing Director of Brookside Energy Limited. 

CRL traded at $0.009 on 26 March 2020 (12:12 PM AEDT).

Comet Resources seems to be well positioned to take advantage of key commodities market, transitioning the high-grade graphite project to the next stage of development and eyeing potential acquisition of copper project, backed by strong management and strategic development goal.


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