Metals X Limited announced the appointment of Mr. Damien Marantelli as Managing Director and Chief Executive Officer of the Company effective 12 November 2018. Mr. Marantelli has been a Non-Executive Director of the Company since September 2018. Mr. Warren Hallam, Managing Director of the Company since the demerger of the gold business from Metals X in December 2016, has resigned from the Company effective immediately.

The current Chief Operating Officer, Mr. Allan King, is also leaving the Company effective immediately. During the past 18 years, Mr. Marantelli has had General Manager or Chief Operating Officer accountability for open pit and underground mines in Australia, Turkey, Spain, Zambia, Canada and Mexico. The Board recently strengthened the mining and technical expertise of its Executive Team as well as appointing a new General Manager at Nifty.

Under Mr. Marantelli, the company will be completely reviewing its operational strategy over the upcoming months.