Stellar Resources (ASX: SRZ) has appointed German mineral resources investor and long term shareholder Dr Markus Elsasser as a non-executive director.
He is the head of the Elsasser family office M. Elsasser & Cie AG 1971 in Dusseldorf, Germany, where he provides advice to a number of European investors.
Elsasser was also previously director of Finance at the Dow Chemical Company in Germany and also has extensive experience as a managing director in the chemical and food industries in Singapore and Australia.
He is also the a non-executive director of Impact Minerals (ASX: IPT), Stellar Diamonds PLC (LON:STEL) as well as Swedish companies Arctic Gold AB and Kopy Goldfields AB.
Stellar expects Elsasser’s experience and advice in financing junior resource companies to be a valuable asset.
Elsasser has held shares in the company for the past three years and currently holds 5,717,666 shares.
The company had in April reported that it had made a thicker than expected intersection of high grade tin – including a peak assay of 10 metres at 2.54% tine – with its first hole at the main Queen Hill ore body at its Heemskirk Tin project in Tasmania.
Most (more than 97%) of the tin also appears to take the form of cassiterite – the most favourable tin mineral for processing.
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