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Parabellum Resources Ltd (ASX:PBL) has bolstered its board through the appointment of Peter Secker, a mining engineer with more than 40 years of experience in mining engineering and capital markets, as an executive director.
Secker, whose appointment came into effect on November 8, has a track record in delivering early-stage greenfield projects into development across multiple jurisdictions.
This comes as Parabellum expedites the Khotgor REE Project in Mongolia and the Nyngan and Cobar copper-gold projects in NSW.
“Extremely motivated”
Secker said: “The Khotgor Project ranks as a significant undeveloped rare earth project that could strategically enhance the REE supply chain.
"I have been actively working and funding the Khotgor project for the last 18 months, I am extremely motivated by the opportunity to lead the project development program which commenced earlier this year.
"I am excited to be part of the Parabellum team and its strong collection of shareholders and will work diligently to deliver shareholder value, and of equal importance, value to our stakeholders in Mongolia and Australia.”
Track record
Secker has developed and operated greenfield projects in Australia, China, Africa, Canada and Mexico and has worked with multiple commodities including lithium, titanium, copper, gold and iron ore.
He is currently serving on the boards of Bacanora Lithium Ltd, where he has served as CEO, and Zinnwald Lithium PLC (LSE:ZNWD, OTC:ZNWLF).
Strong team in Mongolia
Parabellum non-executive chair Mark Hohnen said: “On behalf of the PBL board, we are delighted to welcome Peter Secker as our executive director as we continue to accelerate the company’s ambition to be a major supplier of NdPr via the development of the Khotgor Rare Earths project in Mongolia.
"I have personally worked with Peter for the past decade specifically during our time at Bacanora Lithium delivering an exceptional outcome for shareholders.
"Peter has established an incredibly strong team in Mongolia led by Ms Battuya Gankhuyag; overseeing all the operational activities in-country at the Khotgor REE Project.
"As expected, this has already been demonstrated with the excellent progress since the PBL and Temarise agreement was executed earlier this year with a focus on completing the Khotgor Scoping Study by Q2, 2023.
"The combined experience that both Peter and I have in the Asian region and capital markets should give our shareholders strong confidence in the company achieving its goals to bring the Khotgor REE Project into future development.”