Oct 07, 2020

Jadar appoints GM to lead silver mine restart

Jadar appoints GM to lead silver mine restart

Jadar Resources has appointed a general manager to lead the Texas silver mine back into production at the Granite Belt Silver Project in the Goondiwindi region of southern Queensland..

It comes after Jadar Resources announced last month that it had completed due diligence on the assets and was moving ahead with the acquisition under a deal with the liquidators of Moreton Resources.

Alastair Bauer, expected to come onboard in late October, is described as having an impressive record in troubleshooting and experience in mine restarts.

His recent roles include general manager of Australian Ilmenite
Resources’ Roper Bar project in the Northern Territory, and general manager of Goondicam Resources’ Monto project in Queensland.

Announcing his appointment, Jadar said Mr Bauer had first-hand knowledge of the Texas silver mine operations, having briefly acted as general manager of the Granite Belt Project from September to December 2019.

He would bring significant experience and knowledge on the challenges faced as the company sought to complete its acquisition of the project and develop its restart program, Jadar said.

“Alastair’s first point of call will be assisting the company in its review of the project, the recruitment of a suitable team and the development of a re-start production program for the Texas Silver Mine,” executive director Adrian Paul said.

Mr Bauer said he was excited to be joining the Jadar team as the company moved forward with the Texas silver mine acquisition.

“I look forward to contributing my technical knowledge and experience during a very exciting time for Jadar as we transition the Texas silver mine into production to unlock it’s true potential value by resolving
historic key production issues,” he said.

The mine’s previous operators included Macmin, which ran a heap leach operation at the site from 2000 and commenced mining production in 2008 to 2009. The operation was re-commissioned by Alcyone in 2011 and production continued until early 2014.

It was restarted by Moreton Resources from 2016 until early late 2019, when operations ceased due to funding and production issues.