(3 Minutes Read)
Rajasooriar, a mining engineer with over 25 years of global experience, officially takes the helm next week and brings with him a resume tailor-made for emerging resource plays. It includes various senior positions at industry giants Newmont Mining and Gold Fields Ltd.
ASX-listed Noronex Limited has picked up experienced mining industry player Victor Rajasooriar as its new managing director and chief executive officer in a move set to realise its ambitions across the coveted Kalahari Copper Belt in southern Africa.
Noronex Limited is situated in Subiaco, Western Australia. The company operates in Australia, Canada, and Namibia, with its head office in Subiaco. Rajasooriar, a mining engineer with over 25 years of global experience, officially takes the helm next week and brings with him a resume tailor-made for emerging resource plays. It includes various senior positions at industry giants Newmont Mining and Gold Fields Ltd.
Rajasooriar is no stranger to the junior mining game either, having carved out a reputation with stints at Breakaway Resources, Panoramic Resources and Siren Gold.
Although his hands-on experience stretches from early-stage explorers all the way to producers, a key chapter of his career was spent at mining contractor Barminco between 2014 and 2018. There, as Chief Operating Officer, he ran the company’s contract mining operations across Australia and Africa, including the Zone 5 copper mine in Botswana.
However, it was at Echo Resources where Rajasooriar turned a few heads. Taking charge of the then-$43 million junior, he propelled it into the spotlight with a rapid rise that saw its value skyrocket. In less than a year, Echo’s market cap had touched $243 million, and the company was ultimately snapped up by Northern Star in a takeover.
Rajasooriar has also contributed some skin in the game to his Noronex appointment, committing USD 100,000 to 7.1 million new shares at 1.4 cents each, subject to shareholder approval.
Read Also:
The mining veteran landed his new job after current director James Thompson decided to step down from all managerial and directorship roles with the company following six years of involvement. Thompson founded Noronex privately in 2018, helped assemble the company’s original copper asset base and crafted the acquisition strategy for the Kalahari Copper Belt. He intends to remain a shareholder.
Arabic
Chinese (Simplified)
Danish
English
French
Hindi
Italian
Norwegian
Portuguese
Russian
Spanish
Swedish