The Dec 2021 appointment of CEO Len Jubber lead to this brief...

The Dec 2021 appointment of CEO Len Jubber lead to this brief look into history.

List of prior roles include CEO BMN Bannerman Energy, uranium with approximate cash costs around $40/lb v current price $45/lb, requires around $1b capex, not really viable now but promoted as a ready entrant; CEO PEM Perilya (delisted) zinc and lead producer; COO Oceana Gold Ltd (later part of OGC OceanaGold Corporation); and started with Rio in Namibia Uranium.

At BMN from 2008-2016 and oversaw declining share price, got thanked on exit for organising the acquisition of a minority 20% interest in their Namibia uranium project, a DFS and optimising it, building a demo leaching plant.

He joined PEM in 2005 and left in 2008. Got left out when a merger was proposed in 2008 which then did not proceed. He joined during the pre GFC commodity bubble and PEM made good money then crashed as prices fell. There was a 188m write down by the incoming CEO and Len was not thanked in the exit announcement. PEM then made losses as a high cost producer before being sold to Chinese interest in 2013.

Hi time as COO at Oceana Gold Ltd was a few years before OGC listing and so that role cannot be likened to the COO role at OGC today.

Keywords like Namibia, uranium, gold, DFS, leaching adds little to KLL right now. What KLL need is operational efficiency hopefully he has that covered too. Time will tell.