Alicanto Minerals Ltd (ASX:AQI) has brought on board highly experienced resources executive Rob Sennitt as managing director.
Sennitt will take over the role from September 1, 2022 and is tasked with enhancing the rapid growth strategy at Alicanto’s Sala Project in Sweden. He replaces Peter George, who will move from managing director to executive director, using his wealth of knowledge to develop and operate projects in Sweden.
Alicanto is pursuing aggressive exploration campaigns in Sweden’s highly regarded mining region of Bergslagen. The first of these is targeting extensions of the historic Sala silver-zinc-lead deposit and the second involves greenfields exploration around the Greater Falun copper-gold and polymetallic skarn project.
Experience counts
Sennitt, has more than 30 years’ experience in the resources industry and as an investment banker provided strategic advice to companies in the sector, before moving to Mineral Deposits Limited as its managing director.
MDL owned a 50% interest in the TiZir Joint Venture (comprising the Grande Cote [Mineral Sands] Mining Operations in Senegal and the TTI [Titanium Slag and Iron] smelting operations in Norway).
At MDL, he oversaw the performance, restructure and refinancing of the joint venture as well as driving MDL strategy, delivering a number of successful outcomes, including a significant recapitalisation of MDL.
The company was acquired by French mining giant Eramet SA.
Prior to joining Alicanto, Sennitt held a senior advisor role to resource-focused private equity firm, Appian Capital Advisory LLP and was responsible for sourcing investments and portfolio management in Australia and South East Asia.
Alicanto Chairman Ray Shorrocks said of Sennitt’s appointment: “The recent maiden JORC resource at Sala demonstrated the huge opportunity we have to establish a world-scale project in a tier-one location.
“In addition to this significant resource, we have identified extensive high-grade mineralisation, paving the way for further growth.
“In light of this, the board has committed to accelerating the process of unlocking the full value of Sala. This means pursuing multiple aspects of the exploration and development strategy in parallel.
“Rob’s skills and resource executive experience will help ensure we can drive Alicanto at a project level while ensuring the value of our flagship asset is fully recognised in financial markets.
“By ensuring Peter’s sole focus is on Sala and our activities in Sweden, we will maximise the efficiency and effectiveness with which the project is advanced.
“This two-pronged approach will spearhead a new chapter for Alicanto as we demonstrate the outstanding credentials and future of Sala.”