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Shree Minerals (ASX:SHH) appoints chief geologist to strengthen technical team

  • April 08, 2021 06:54 PM AEST
  • Akshay
    Akshay
    Senior Analyst Akshay
    20 Posts

    Akshay is a research professional with 6.5 years of experience in Consulting and Research industry across the Mining, Chemicals and Energy domains. He is trained in client servicing, due diligence, research and analysis of the mining and energy commo...

Shree Minerals (ASX:SHH) appoints chief geologist to strengthen technical team

Source: kaband, Shutterstock

Summary

  • Martin Bennett has been appointed as the Chief Geologist and Technical Director of SHH.
  • Currently, SHH has prioritised the re-permitting of the Nelson Bay River Iron Ore Project. The prevalent strong iron ore price environment has enhanced the prospectivity of the mining operations at NBR.
  • The submission of the draft - DPEMP - to the Tasmanian EPA aligns with company’s anticipation to be in a position to take a formal investment decision on the resumption of the Nelson Bay River project in 2021.
  • The company recently raised over $3 million from sophisticated and professional investors to fuel growth activities across portfolio.

Iron ore and gold exploration and development company Shree Minerals Ltd. (ASX:SHH) announced the appointment of Mr. Martin Bennett, a seasoned geologist, as the Chief Geologist and Technical Director.

Industry Veteran Joins SHH as Technical Director and Chief Geologist

Mr. Bennett is an industry veteran with an extensive technical background and significant experience across leadership and management of minerals project. He had been involved in mineral projects across Africa, Canada, Australia, and the South-East Asia. Mr. Bennett holds significant exposure in the successful discovery and acquisition of mineral projects.

He has also served as the General Manager of Exploration with Endeavour Mining Corporation (ASX:EVN), Exploration Manager with BCI Minerals Limited (ASX:BCI) and also held the same designation with La Mancha Resources.

The experienced geologist will take charge of his role at Shree in the middle of May 2021. The new appointment would strengthen the leadership and technical team at SHH. A strong-and-dynamic team would steer SHH’s path towards the resumption of iron ore mining operations at the Nelson Bay River project and progress on the gold, copper, and base metals projects in the Tier 1 mining jurisdictions of NSW, WA and NT.

Action-Packed 2021 Across Portfolio

SHH has prioritised the re-permitting of the Nelson Bay River Iron Ore Project. Recently, the company has successfully raised over $3 million from sophisticated and professional investors to progress on the direct shipping ore project at Nelson Bay River and fund the exploration programs at the gold and base metals projects.

SHH mineral project portfolio Source: SHH Presentation 14 December 2020

The recovery in the iron ore prices since mid-2018 aides the prospectivity of the DSO project at Nelson Bay River. Recently, SHH submitted a draft of the Development Proposal & Environment Management Plan (DPEMP) to the Tasmanian EPA (Environmental Protection Agency). The submission of the draft aligns with the company’s anticipation to be in a position to take a formal investment decision on the resumption of the Nelson Bay River project in 2021.

Shree Minerals closed at $0.014 a share on 8 April 2021 with a market capitalisation of $14.14 million.

All financial information pertains to Australian Dollars unless stated otherwise.

 


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