Alcanto Minerals Ltd welcomes new CEO to help develop projects in Sweden
Alcanto Minerals Ltd (ASX:AQI) has brought in highly experienced resource manager Rob Sennitt as managing director.
Sennitt takes up the role from 1 September 2022 and is tasked with strengthening the strategy for rapid growth at Alicanto’s Sala project in Sweden. He replaces Peter George, who will move from managing director to managing director and use his extensive knowledge to develop and run projects in Sweden.
Alcanto conducts aggressive exploration campaigns in Sweden’s highly regarded Bergslagen mining region. The first of these is focused on extensions of the historic Sala silver-zinc-lead deposit and the second involves exploration of greenfields around the Greater Falun copper-gold and polymetallic skarn project.
Experience counts
Sennit, has more than 30 years of experience in the resources industry and as an investment banker, he provided strategic advice to companies in the industry before moving to Mineral Deposits Limited as its Managing Director.
MDL held a 50% stake in the TiZir Joint Venture (which includes Grande Cote [Mineral Sands] Mining operations in Senegal and TTI [Titanium Slag and Iron] smelter in Norway).
At MDL, he oversaw the performance, restructuring and refinancing of the joint venture and drove the MDL strategy, which produced a number of successful outcomes, including a significant recapitalization of MDL.
The company was acquired by French mining giant Eramet SA.
Prior to joining Alicanto, Sennitt was a senior advisor to resource-focused private equity firm Appian Capital Advisory LLP, responsible for investment sourcing and portfolio management in Australia and Southeast Asia.
Alicante chairman Ray Shorrocks said of Sennit’s appointment: “The recent JORC resource at Sala demonstrated the enormous opportunity we have to establish a world project at a tier one location.
“In addition to this significant resource, we have identified extensive high-grade mineralization, which paves the way for further growth.
“In light of this, the board is committed to accelerating the process of unlocking Sala’s full value. This means pursuing multiple aspects of the exploration and development strategy in parallel.
“Rob’s skills and management experience will help ensure we can run Alicanto at a project level while ensuring the value of our flagship asset is fully recognized in the financial markets.
“By ensuring that Peter’s sole focus is on Sala and our operations in Sweden, we will maximize the effectiveness and efficiency with which the project advances.
“This two-pronged strategy will lead a new chapter for Alicanto as we showcase Sala’s outstanding credentials and future.”