With over 30 years of experience in managing projects at all levels, his expertise in progressing an emerging company such as Castillo should be valuable.
Meagher’s past experience includes a period as chairman of Extract Resources (ASX:EXT).
Building Extract Resources to a $2.1 billion takeover
Meagher was instrumental in growing Extract’s projects.
These were eventually acquired by China Guangdong Nuclear Power Group through a takeover which valued Extract at over A$2.1bn in 2012.
Meagher also brings experience in corporate finance, an important attribute as the company looks to fund extensive exploration programs.
Appointment comes at a crucial time for Cangai Copper Mine
As Castillo is looking to fast track activities at its high-grade Cangai Copper Mine in New South Wales towards production, Meagher’s entry is well timed.
His appointment also coincides with an uptick in the base metal cycle and unprecedented demand for key lithium-ion battery inputs.
Alan Armstrong, executive director said: “The incumbent Board members are delighted to welcome Peter Meagher to Castillo Copper and look forward to working with him as we progress an aggressive agenda to re-open Cangai Copper Mine.”