Carnavale Resources Ltd (ASX:CAV) (FRA:YBB) has appointed Humphrey Hale, a resource industry veteran, as chief executive officer (CEO) effective June 1, 2021, a move that will benefit the company as he brings a strong mix of exploration and corporate skills.
Hale has held the role of consulting managing geologist at Carnavale from July 2020 and has successfully managed the acquisition of new opportunities and exploration of the company’s assets.
The company is hopeful that Hale, after formally joining the company, will lead the team to the next discovery.
“Work together in a more formalized arrangement”
Carnavale chairman Ron Gajewski said: “Humphrey brings a rare skill set to Carnavale with his blend of exploration and corporate skills.
“He is committed to achieving the best value for Carnavale shareholders through strategic management and exploration of the company’s assets.
“He has already made a strong contribution to the company as a consultant, and we are pleased to continue to work together in a more formalized arrangement.”
Hale has over 25 years of experience in the resource industry, exploring and developing assets and through his previous roles, he has gained extensive experience in market equities, strategy development, compliance with ASX listing rules and development and investor relations.
His most recent role has been as an exploration and mining consultant, providing corporate and project development services to the gold and battery metal sectors, including Chalice Gold Mines Ltd (ASX:CHN) (OTCMKTS:CGMLF) (FRA:C8U) and Erinbar Ltd.
Before this, he was engaged as executive director of ASX-listed Infinity Lithium Corporation Ltd (ASX:INF), where he was instrumental in the growth and development of the San Jose lithium asset in Spain.
Hale has also worked as managing director at Wolf Minerals Limited from its IPO in early 2007 until January 2014, and under his management, Wolf acquired and developed substantial tungsten and tin deposit in Europe, taking the project from acquisition to construction.
During his stint with Wolf, Hale negotiated offtake agreements and structured project finance.
Before that, Hale was exploration manager at AngloGold Ashanti Ltd’s (NYSE:AU) (FRA:AOD1) Sunrise Dam Gold Mine responsible for mine exploration and the substantial drill out required for the UG feasibility study.
His experience also includes the development of exploration assets to resources, the management and delivery of feasibility studies and associated substantial capital raisings.