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AIM & Small Cap Mining & Metals Tamar Minerals

Tamar Minerals names Dominic Claridge as CEO

The Cornwall-focused tin and copper explorer has appointed a 35-year mining veteran as chief executive, backed by a related-party services deal with a company owned by its outgoing executive chairman.

by tickstock newsroom
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Tamar Minerals, the AQSE-listed exploration company focused on tin and copper in South West England, has appointed Dominic Claridge as chief executive with immediate effect.

Claridge brings more than 35 years in mining operations and project management across Australia, Europe, Asia and Africa, including roles as Griffin Mining's chief operating officer for six years and Group Mining Engineer at Perilya Ltd.

His services, along with those of Sam Bolton as full-time head of exploration to run Tamar's planned drill programme in Cornwall, will be provided under contract by MET Mineral Resources (MMR), a company wholly owned by Mark Thompson.

The combined arrangements will cost Tamar £192,000 a year, matching MMR's own costs for supplying the two roles.

Thompson will step back from executive chairman to non-executive chairman, with his pay falling from £60,000 to £30,000 a year.

The arrangements are classified as a related party transaction under Aquis Growth Market Rules.

"I am confident that his skills and experience will add immense value to the Company," said Thompson, non-executive chairman.

Claridge will work a minimum of two days per week in the role as Tamar advances its Cornish tin and copper exploration programme.

by tickstock newsroom