Suvo Strategic Minerals Ltd (ASX:SUV) has appointed Mark Pensabene as non-executive director, effective immediately.
Pensabene holds Bachelor of Engineering and Commerce degrees from the University of Western Australia and has more than 20 years of experience in the engineering and construction sectors.
He replaces Agu Kantsler, who has resigned from the board.
“We welcome Mark to the team. For more than two decades Mark has developed relationships with the largest miners in the country in leading teams that have built out their processing facilities,” executive chairman Aaron Banks said.
“Leveraging these relationships, and Mark’s intimate knowledge of these facilities, is invaluable as it cements our end-to-end value proposition, that being characterising these industrial by-products and creating low carbon geopolymer concrete for various end use applications.
“On behalf of the board, I would like to thank Agu for the exceptional support he has provided to the board and management team since joining the company.
"Agu’s effort and professionalism have made a significant difference which have not gone unnoticed.
“We thank Agu for his contribution and guidance and wish him all the best.”
Finalising JDA with PERMAcast
Pensabene’s previous roles include 18 years at Monadelphous Group, an ASX-200 company, where he held several general manager positions.
Most recently, he served as executive general manager and chief operating officer at Primero Group, a subsidiary of NRW Holdings, specialising in EPC services for the mining sectors in Western Australia and North America.
The appointment coincides with Suvo's efforts to finalise a binding joint development agreement (JDA) with PERMAcast, aimed at accelerating the commercialisation of low carbon geopolymer concrete (GPC) products.
PERMAcast’s expertise is seen as pivotal for scale-up and industry validation.
Read more: Suvo Strategic Minerals signs term sheet with PERMAcast for delivery of low-carbon geopolymer concrete
Suvo plans to leverage Pensabene’s extensive network, which includes significant mining companies, to source raw material inputs for GPC products developed under the JDA with PERMAcast.
PERMAcast is Western Australia’s leading supplier of precast and prestressed concrete products for the state’s major infrastructure, oil and gas, and mining projects.
Yesterday Suvo unveiled an updated strategic direction and revised production and earnings guidance for the 2024 financial year.
Of the updated direction, interim CEO Bojan Bogunovic said: “We consider that Suvo now has an advanced understanding of the kaolin industry worldwide and most importantly we understand where our product fits and who to target for the sale of our product.”