Stellar Resources Ltd (ASX:SRZ, OTC:SLROF) has appointed Mark Connelly to the team as non-executive chair effective immediately. The company has also welcomed mining engineer Andrew Doe to the management team.
The appointment of these two highly experienced players, strengthens the company’s ability to advance the Heemskirk Tin Project in Tasmania through the prefeasibility stage and beyond.
“We welcome both Mark and Andrew to the Stellar team as we advance the Heemskirk Tin project through the prefeasibility stage in our mission to be development ready. Their addition provides valuable strengthening of the Board and management capabilities,” Stellar’s managing director and CEO Simon Taylor said.
“Our recent base case Scoping Study highlights robust economics with further upside potential through the conversion of additional inferred resource material to indicated status, incorporating ore sorting into our flow sheet and investigating both a standalone operation or utilising established infrastructure in close proximity to the project.
“I look forward to working closely with both Mark and Andrew, who are relevantly well credentialled to assist guiding Stellar through the prefeasibility stage and beyond.”
Experienced executive
Mark Connelly is an executive with over 30 years of experience in the ASX-listed natural resources sector, holding various senior management roles.
His previous position was non-executive chairman of Oklo Resources, where he collaborated with several current Stellar directors. Oklo Resources was acquired by B2Gold (NYSE:BTG) Corp in September 2022.
Connelly also served as managing director of Papillon Resources, playing a key role in the US$570 million merger with B2Gold Corp Ltd in October 2014. Before joining Papillon Resources, he was COO of Endeavour Mining Ltd, following the merger with Adamus Resources Ltd, where he served as managing director and CEO. He is a member of the Australian Institute of Company Directors (AICD), the Australian Institute of Management (AIMM), and the Society of Mining, Metallurgy and Exploration (SME).
“I am delighted to join the Stellar Board as non-executive chair and reunite with directors I have worked successfully within a former role,” Connelly said.
“The Heemskirk Tin Project is the highest-grade undeveloped tin resource in Australia and 3rd highest globally. As evidenced in the recent Updated Scoping Study, the economics are robust and strongly support the company’s decision to advance the project through the prefeasibility stage towards being development ready.
“Stellar is well positioned and active in pursuing this objective, with $12.3 million in cash and two drilling rigs currently on site.”
Leading the PFS
Stellar has also engaged Andrew Doe to join the management team, leading the Prefeasibility Study (PFS) currently underway for the Heemskirk Tin Project.
Doe is a mining engineer with 30 years of experience in various operational, technical, contracting, and consulting roles. For the past three years, he has worked as an independent consultant, following his position as an executive at Macmahon, a major mining contractor.
Before Macmahon, Doe held the role of regional vice president at AngloGold Ashanti (ASX:AGG). He also brings relevant experience from Tasmania, having served as mining manager at the Beaconsfield Mine from 2010 to 2013.
Doe holds a First Class Mine Managers Certificate of Competency (WA) and is a graduate of the Australian Institute of Company Directors (AICD).