NickelX Ltd (ASX:NKL) has tapped experienced mining executive Peter Woods to take on the role of managing director.
Focus on uranium and gold
This appointment will support NickelX as it consolidates focus on its uranium and gold exploration projects and plans a strategic review across the company to assess other potential opportunities.
Woods has extensive ASX board-level experience across various industries and geographies, including considerable resources exposure, including uranium.
He has more than 15 years of experience in the financial services industry specialising in corporate finance, capital markets and project generation, successfully managing and raising capital for listed and unlisted companies alike.
Woods' experience in the uranium sector is strong – he recently listed a North American uranium-focused exploration company he founded.
Alongside this, he has proven his mettle when it comes to generating strategic opportunities, business development and driving growth for early-stage companies.
Woods is founding director of Bluebird Capital, a project generation, investment and strategic advisory business based in Perth.
ASX leadership positions
He is a Member of the Australian Institute of Company Directors, has held various ASX board positions including directorships for Matador Mining Ltd, Bunji Corporation Ltd, TNT Mines Ltd and is currently on the board of Corella Resources Ltd and Uvre Limited.
Chair Jonathan Downes said: “On behalf of the company, I am delighted to announce the appointment of Pete Woods to the role of managing director as NickelX plans to advance its exciting uranium and gold portfolio.
“With a tight capital structure of only around 88 million shares on issue, NickelX represents a leveraged opportunity to add shareholder value as the projects deliver exploration results and the company assesses other potential strategic opportunities with the aim of creating shareholder value.
“This appointment represents a transition away from nickel exploration and into the unrealised potential of the Elliot Lake Uranium Project. Elliot Lake hosts recorded uranium mineralisation in large-scale formations.
“Elliot Lake is located adjacent to the world’s largest commercial uranium refinery at Blind River, owned by Cameco. The project area is accessible year-round and by road and benefits from substantial infrastructure networks.”