Sponsored

Vanadium Resources (ASX:VR8) appoints John Ciganek as MD and CEO - Kalkine Media

December 05, 2022 11:46 AM AEDT | By Ankur Jaiswal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • John Ciganek is all set to join the board of Vanadium Resources (ASX:VR8) as its MD and CEO
  • Ciganek holds over 30 years of experience in the mining and finance industries and in his career to date, has raised debt and equity funding of more than ~AU$5 billion for different clients
  • VR8 expects Ciganek to drive the company through the final stages of the Steelpoortdrift Vanadium Project

ASX-listed emerging vanadium producer Vanadium Resources Limited (ASX:VR8) has appointed John Ciganek as its new Managing Director (MD) and Chief Executive Officer (CEO), effective from 9 January 2023. VR8 believes Mr Ciganek will bring with him extensive experience in mining, project funding, development, and operational expertise to the company.

Previously, Mr Ciganek was associated with VR8 as an Independent Non-executive Director. He has over 30 years of experience in the mining and finance industries.

Key terms of employment

VR8 has highlighted that the key terms of Mr Ciganek's proposed employment contract are as follows:


Image source: © 2022 Kalkine Media®, Data source: Company update

Mr Ciganek’s accolades

A Master of Business Administration graduate, Ciganek has skills in open pit and underground mining operations and other project development and financing aspects.

Through his career to date, Ciganek has raised debt and equity funding of more than AU$5 billion for different clients.

During his association with the finance industry, he has worked in senior managerial positions at Euclase Capital, BurnVoir Corporate Finance, and Commonwealth Bank.

Moreover, his extensive finance and mining experience includes senior engineer-level positions at Hargraves Resources, Reynolds Yilgarn Gold, and Comalco/Rio Tinto (previously CRA).

Mr Ciganek’s transition: reviving Steelpoortdrift’s developments

VR8 believes Mr Ciganek’s transition to Managing Director will be smooth, and his skill sets are expected to drive the company through the final stages of the Steelpoortdrift Vanadium project, which boasts impeccable economics, including a post-tax NPV of AU$1.9 billion.

As per VR8, Mr Ciganek's appointment is part of the company’s strategy for transforming its Steelpoortdrift asset into the next global vanadium producer.

VR8’s Executive Chairman, Mr Jurie Wessels, statement on Mr Ciganek’s appointment:

Image source: © 2022 Kalkine Media®, Data source: Company update

VR8 shares traded at AU$0.061 apiece on 5 December 2022.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024



Top ASX Listed Companies


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.