Meteoric Resources (ASX:MEI) has appointed an experienced resource industry executive, Nicholas Holthouse, to the role of Chief Executive Officer to progress the Caldeira REE (rare earth elements) project through exploration and studies to production.
Meteoric Resources says Mr Holthouse has held leadership roles with Hastings Technology Metals, Merdeka Copper Gold, Finders Resources, and European Nickel.
It also says Mr Holthouse has a proven track record of progressing projects from feasibility to operations and brings extensive experience in operations, project development, technical review, project finance and marketing/offtakes.
Upon completion of the acquisition of the Caldeira Project, he'll receive a salary of $320,000 per annum and incentives in the form of performance rights that will convert into Ordinary Shares based on the completion of certain milestones.