meteorite resources (ASX:MEI)The Perth-based exploration company focused on developing rare earth materials has announced the appointment of Stuart Gale as its new Managing Director and Chief Executive Officer with immediate effect. Gale, who joins the company in April 2024, steps up from his role as general manager of the commercial division. He will succeed Nick Holthaus and will now focus on advancing the company’s Caldeira ionic clay rare earth project in Brazil.

Stuart Gale brings extensive experience in finance and operational leadership from previous roles, including as CEO of Resolute Mining. (ASX:RSG)There he oversaw the sale of the Bibiani gold mine and managed complex mining operations in West Africa. He also spent nearly 10 years at Fortescue Metals Group. (ASX:FMG) During the scale-up phase.

Commenting on his new role, Executive Chairman Andrew Tanks said: “Mr. Stuart has demonstrated exceptional leadership ability and strategic acumen. His experience in debt and equity capital markets makes him the ideal candidate to realize the world-class potential of the Caldeira Project. It is.”

Meteoric Resources shares rose 10.53% to close at 10 cents on the news.