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Chairpersons

Altamin Limited Announces Strategic Board Changes and Leadership Renewal

Strategic Insights

— 1 min read

Altamin Limited, a mining company based in Sydney, Australia, has made significant changes to its Board of Directors and management structure. The company aims to advance its mission to supply essential commodities for the global energy transition and achieve sustainable development goals in Europe. Mr. Peter Edwards, a seasoned executive with a wealth of experience in the resources sector, has joined the Board as non-executive Chairman. He is accompanied by Mr. Geraint Harris, who returns to the company as CEO and brings a deep technical knowledge of Altamin's assets and key stakeholders.

Mr. Harris will receive A$60,000 in director fees and additional remuneration from September 2025, as well as 10,000,000 options subject to shareholder approval. The company is also proposing to issue 2,250,000 Performance Shares to Mr. Stephen Hills, the CFO, as a performance bonus, subject to shareholder approval.

Key Takeaways:

  • Altamin Limited has appointed Mr. Peter Edwards as non-executive Chairman, bringing a wealth of experience and knowledge to the Board.
  • Mr. Geraint Harris returns to the company as CEO, bringing a deep technical knowledge of Altamin's assets and key stakeholders.
  • Harris will receive A$60,000 in director fees and additional remuneration from September 2025, as well as 10,000,000 options subject to shareholder approval.
  • The company is also proposing to issue 2,250,000 Performance Shares to Mr. Stephen Hills, the CFO, as a performance bonus, subject to shareholder approval.
  • Mr. Alexander Burns and Mr. Marcello Cardaci, both non-executive directors, have resigned from the Board, effective immediately.
  • Mr. Edwards has commented that the Board renewal will attract the right mix of skills to guide the business to achieving its long-term vision.
  • The timing for these changes is considered right by Mr. Burns, and he thanks Mr. Cardaci for his support on the Board since 2014.

Statistics:

  • Altamin Limited has issued 10,000,000 options to Mr. Harris.
  • The company proposes to issue 2,250,000 Performance Shares to Mr. Hills.
  • Mr. Edwards will receive no fees as non-executive Chairman of the Company.
  • Mr. Harris will receive A$60,000 in director fees from the date of appointment.
  • Mr. Hills will receive an additional A$60,000 as per his existing executive service agreement.

Sources:

  • Altamin Limited news release, date not specified
  • Victor Smorgon Group press statement, date not specified
  • Adriatic Metals Limited, "Geraint Harris to Join Altamin's Board as CEO"

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