New World Resources Leadership Change: Nick Woolrych Appointed as Managing Director and CEO

Leadership Transition

New World Resources Limited has appointed Nick Woolrych as the new Managing Director and CEO, effective immediately. Woolrych, who previously served as the company's Chief Operating Officer (COO) and Executive Director, succeeds Mike Haynes, who will transition to the role of Non-Executive Director.

Woolrych is a qualified mining engineer with over 20 years of experience in the mining industry. He has a strong background in financing, operational management, contracting, and project development, both in Australia and internationally. Before joining New World in November 2022, he was the CEO of PYBAR Mining Services Pty Ltd and Diversified Minerals Pty Ltd.

Focus on Antler Copper Project

The leadership change comes as New World Resources gears up to take its high-grade Antler Copper Project in Arizona, USA, into production. The recent completion of a positive Pre-Feasibility Study (PFS) has positioned the project for significant development. Woolrych's extensive experience in mine project finance and development is expected to play a pivotal role in advancing the project.

Mike Haynes, who has led the company for seven years, will continue to provide oversight on the company's resource expansion and greenfield exploration activities. His tenure saw the transformation of New World into a high-grade copper development company in North America.

Board and Management Evolution

New World Resources is also evolving its board and senior leadership team to ensure it has the right mix of mining, operational, and corporate skills as it prepares to develop the Antler Copper Project and advance other significant resource opportunities. The company remains well-funded and is focused on enhancing its already attractive development proposition at Antler.

Richard Hill, Non-Executive Chairman of New World Resources, expressed his gratitude to Mike Haynes for his dedication and skill in building the company's project pipeline and exploration team. Hill also congratulated Nick Woolrych on his promotion, emphasizing the exciting times ahead for the company as it moves toward production at Antler.

Future Prospects

Incoming Managing Director and CEO Nick Woolrych expressed his excitement about leading New World into the next phase of its development. He highlighted the company's unique investment opportunity, underpinned by a high-grade, technically and financially robust near-term copper development opportunity in a premier mining jurisdiction.

Woolrych also noted the significant interest from the mining investment community, potential financiers, off-takers, and regulators in North America. He looks forward to regularly communicating with shareholders as the company meets its project milestones and continues its exploration success.