- Viridis Mining and Minerals elevates its leadership with the appointment of Rafael Moreno as Chief Executive Officer
- Mr. Moreno, a seasoned executive with over 20 years of global experience, joins the team for the next phase of growth
- His extensive track record includes notable projects like the Rincon Lithium Project and Santos’ Barossa project
- The appointment takes effect on 15 January 2024, marking a strategic move for the company’s Colossus Ionic Adsorption Clay Rare Earth ‘IAC REE’ Project
- Viridis is trading at $1.94 at 1:30pm AEDT
Viridis Mining and Minerals (ASX:VMM) has reinforced its executive team with the appointment of Rafael Moreno as CEO, effective from 15 January 2024.
This move comes as the company prepares for the next phase of growth, particularly in advancing its Colossus Ionic Adsorption Clay Rare Earth ‘IAC REE’ Project.
Mr. Moreno brings a wealth of experience to the role, boasting over 20 years in the mining and petrochemical industries across various continents.
His resume includes key roles in significant projects such as the Rincon Lithium Project, Santos’ Barossa Project (US$6bn), and INPEX’s Ichthys Project (~US$45bn).
Management comment
“We’re extremely pleased to welcome Mr. Moreno to the team as Viridis gears up for the next phase of growth at the Colossus Ionic Adsorption Clay Rare Earth ‘IAC REE’ Project.” Agha Shahzad Pervez, Executive Chairman of Viridis said
Mr. Moreno’s role will be crucial in steering the efficient development of the Colossus project following the completion of maiden resource drilling.
His expertise in project development and management, garnered from overseeing substantial projects globally, positions him as a valuable asset for Viridis.
Salary details
In terms of material details, Mr. Moreno’s remuneration includes a total salary package of $331,500 per annum, commencing January 15, 2024.
Additionally, performance incentives are outlined, tied to specific milestones such as achieving a $2.00 VWAP, delineating mineral resource estimates, and reaching a $4.00 VWAP over specific timeframes.
Viridis shares last traded at $1.94 at 1:30pm AEDT.