Ann: Agreement with Non-Executive Director, page-6

Bit of news this morning on Peter Watson’s new position with AVL as ‘special advisor’.
Hopefully a sign that some high-powered business wrangling is on the cards, and that Graham as a first time CEO and self-admitted ‘team player’ has called in one of our experts on a ‘next level up’ basis?

https://www.australianresourcesandinvestment.com.au/2024/08/23/chalice-forges-ahead-amid-downturn/

…Australian Vanadium has announced a new casual employment agreement with non-executive director Peter Watson.​

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Watson’s extensive technical and project development experience will be harnessed to advance the company’s strategic initiatives. The agreement, which offers an additional $100,000 annual fee, remains on commercial terms and does not affect Watson’s current independent director status…​

To share a few more notes on Peter for others interested in his background;
It seems that,  after leaving the top job at Sedgman where he did that company proud,  he joined New Century Resources a company that was bought out last May (https://www.mining.com/sibanye-stillwater-goes-after-australias-new-century-resources/)
Here’s a retrospect to his introductory bio to NCZ

Nice eh?
cheers

https://wcsecure.weblink.com.au/pdf/NCZ/01942664.pdf
22 January, 2018
KEY OPERATIONAL APPOINTMENTS TO THE NEW CENTURY BOARD & MANAGEMENT
• Peter Watson: Former MD & CEO of Sedgman joins the New Century Board, providing
strong project development & delivery experience and extensive capability in asset operations, optimisation, maintenance & organisational leadership….
…
Mr Peter Watson – New Century Director
Peter Watson is a chemical engineer with over 30 years' experience in the resources sector, both in Australia and overseas. He has held technical and executive roles with a number of companies throughout his career, culminating in his appointment as the MD & CEO of Sedgman Limited, a market leading engineering and mining services firm.
Initially joining Sedgman as COO Metals Division in 2010,
Peter successfully led and supported the development and execution of EPC and Operations Contracts in excess of A$2 Billion as he progressed through roles as Executive General Manager (2011 – 2012) and Global Executive Director (2012 – 2014), before being made MD & CEO (2014 – 2016).

During this time at Sedgman, Peter provided leadership and guidance across a suite of over 10 large scale Mine Operations contracts and over 30 EPC contracts across a broad spectrum of commodities.
He was also instrumental in delivering significant growth of the Company, with Sedgman's market capitalisation doubling during the period he was MD & CEO, prior to a takeover by the CIMIC Group in 2016.
Peter was widely credited with the transformation of Sedgman through a strong focus on people and culture on a global scale.

Peter brings to New Century a successful background in project development and delivery, as well as asset optimisation & maintenance capabilities and organisational leadership experience. He also brings significant board level experience at both the public and wholly owned company level, particularity on matters covering safety, governance, financial reporting, risk management, strategy and leadership.
Commenting on his appointment to the Board of New Century, Peter said:
"It is a privilege to join the Board and be part of the rapidly evolving development story at New Century Resources.
The existing infrastructure and resources at Century provide a unique opportunity to quickly build a large scale zinc operation during a time of significantly constrained zinc metal supply.
I look forward to contributing to the successful restart of operations at Century in 2018.”