Lunnon Metals Ltd (ASX:LM8, OTC:LNMLF) will farewell non-executive director and founding shareholder Ian Junk today after he informed the board of his intention to retire from his position.
Pivotal role
Junk has spent most of the last decade as a director of Lunnon Metals, during which time he played a pivotal role in its formation, initial funding and strategic direction.
He was a founding shareholder of ACH Nickel Pty Ltd, the forerunner of Lunnon Metals, and remains a current Top 10 shareholder.
"Ian and I were neighbours in Kambalda in the late 1990s. Little did I realise that this was a relationship that would endure the test of time and go on to last for over 25 years,” reflected managing director Edmund Ainscough.
Boundless energy
“Ian has been a fundamental part of the company’s and my own professional journey. His unbridled enthusiasm, wise advice and deep operating experience will be sorely missed by everyone at the company.
“Having given so much over such a long period of time, to Kambalda as well as the company, we totally understand his desire to step back now and have more time to spend on his own passions and his family. Thank you Ian.”
Chair Liam Twigger said: “Ian’s dedication, commitment and boundless energy will be missed.
“He has been a fabulous source of advice and counsel and we thank him for his service and wish him all the very best with his future endeavours.”
Support continues
Junk added: "The Lunnon Metals journey has been a very exciting one and although I will no longer be a non-executive director of the company, I will continue to follow and support the company closely, both as a major shareholder and because I have a passion for Kambalda and the world-class nickel and gold deposits that keep being discovered in the district.
“When we started Lunnon Metals as a private company back in 2014, we could not have imagined that we would define over 113,000 tonnes of nickel metal in JORC compliant mineral resource and make a significant discovery, Baker, in the process.
“As a past resident of Kambalda, the region has seen its ups and downs but what always stands it in good stead is the amazing endowment of nickel and gold and the continual discovery of quality deposits.
“I wish the company well and know that its board and management will ensure it will be very successful going forward.”
The board of Lunnon Metals has made the decision to not replace Ian’s position in the short term, aligned with a range of recent initiatives to preserve cash during the prevailing negative market sentiment for nickel.