Having overseen the proposed sale of the Lake Johnston assets and implemented substantial cost-saving initiatives, CEO Craig Jones is departing Poisedon Nickel.
“With the divestment of Lake Johnston, Black Swan remaining on care and maintenance, the shift back to exploration and the continued focus on cost reduction, Jones who has a strong operational background, has decided to seek other opportunities,” said chairperson Peter Harold on Tuesday.
CFO Brendan Shalders will replace Jones on April 1. The CFO position will not be replaced.
Poisedon on Monday announced the planned sale of the Lake Johnston nickel concentrator plant and mining rights to Mineral Resources (MinRes), which is planning to establish a lithium processing hub. MinRes intends to convert the existing nickel plant to be able to process the lithium into spodumene concentrate. It will process ore from third parties and from miners in a “hub and spoke” model.