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Venture Minerals Limited has further strengthened its board by appointing experienced resource industry executive Nick Cernotta as a non-executive director (NED), another step in its strategy to become one of Australia’s leading critical minerals companies.
An engineer with more than 30 years of professional operations and international management experience in the resources sector, Cernotta has recently shifted his focus to corporate strategy and growth in new and evolving energy transition supply markets.
This change follows the appointment earlier this month of Tim Lindley as the company’s non-executive chair.
READ: Venture Minerals appoints Tim Lindley as non-executive chair
Considerable experience
Cernotta has previously held director-level roles in other ASX-listed companies with exposure to offtake arrangements, joint ventures and partnering arrangements across a range of commodities.
He is a non-executive director of Pilbara Minerals Ltd and Northern Star Resources (ASX:NST) Ltd as well as the non-executive chair of Panoramic Resources Ltd.
"I am excited to be joining the Venture Minerals board, as the company focuses on the potential for wealth creation in its rare earths assets, in this challenging world of opaque markets, energy supply and transition,” Cernotta said
"I look forward to bringing my experience to Venture Minerals and offering my learnings as we navigate our way through the identification and harnessing of value identified at our Jupiter Rare Earth Project."
“Will enable valuable insights”
The company’s non-executive chair said: “I am delighted to have Mr Cernotta join the Venture board. His experience will enable valuable insights that add to the assessment, valuation and development of Venture's critical resources.
“Mr Cernotta’s experience in Pilbara Minerals, which has been value accretive for its shareholders, is of particular relevance. Pilbara has progressed a world-class asset, from greenfield resource through technical challenges, and on to the development of a world-class, critical minerals supply asset.
"The value of Nick’s expertise being brought to bear on Venture’s Jupiter Rare Earths Project cannot be underestimated.
“We take comfort in adding a safe pair of hands to guide the company on its journey from explorer to potential development.
"Mr Cernotta also brings governance and discipline associated with ASX50 companies, which in time, we hope will serve our board and the Venture Minerals shareholders well,” Lindley added.