Venture Minerals Limited has strengthened its board as it progresses a strategy to become one of Australia’s leading rare earth and critical minerals companies with the appointment of Tim Lindley as non-executive chair effective May 6, 2024.
As an experienced board director and previous investment banker in a career spanning 25 years, Lindley brings to Venture Minerals a proven track record in equity raising, project finance, debt and M&A.
Finance experience
Lindley has held several senior and executive roles in Australia and internationally, including country head (Australia) of Barclays (LON:BARC) Bank and a managing director of Morgan Stanley (NYSE:MS) (Australia).
He has led and completed more than 100 capital-raising transactions for Australian resource companies operating across jurisdictions around the globe.
“Pivotal time”
“I am excited to join Venture Minerals as chair, at this pivotal time when there is a clear opportunity to significantly advance the Jupiter Rare Earths Project and create substantial shareholder value, with a vision to make the company one of the best rare earths and critical minerals companies in Australia," Lindley said.
"I will be laser-focused on Venture Minerals delivering the highest standards of reliability and responsible mining.”
The new VMS chair is currently a non-executive director of Deep Yellow Ltd, Serendis Pty Ltd and the Wayside Chapel.
He was previously a non-executive director and chair of the Audit and Risk Committee for Onsite Rentals Group Pty Ltd and Little Wings.
Lindley has a master’s degree in economics and finance, and a bachelor's degree in history and economics, from the University of New South Wales. He is a Graduate of the Australian Institute of Company Directors (GAICD) and a Fellow of the Governance Institute of Australia (FGIA).
“Sharing the Jupiter journey”
Venture Minerals non-executive director Philippa Leggat said: “Jupiter has the makings of an extraordinary asset, with its grade and scale demonstrated in recent drilling results. It’s clear that investors agree – we should focus our attention to deliver on Jupiter’s potential.
“It’s this potential that has enabled Venture to attract a chair of Tim’s calibre. What a privilege to have someone of Tim’s credentials join our board, bringing the ability to leverage his institutional investor networks to advance Jupiter.
“We welcome Tim to the board and look forward to sharing the Jupiter journey with him.”
Following the appointment of the new chair, founding director Mel Ashton will resign from the board effective May 6, 2024.
In a statement, VMS said: “The company thanks Mel Ashton for his long service and contributions to Venture since it listed in 2006 and wishes him success in his future endeavours."