Alicanto Minerals Ltd announces board and management restructuring

Alicanto Minerals Ltd (ASX: $AQI) has restructured its Board and Management team as part of a new growth strategy. The changes include the appointment of Raymond Shorrocks as Interim Executive Chair, Duncan Grieve and Russell Curtin as Non-Executive Directors, and Susan Field as the new Chief Financial Officer. The company also intends to review potential project acquisitions and consider strategic funding options to continue its exploration activities in Sweden.

Executive commentary on the restructuring and growth strategy

On behalf of the Board, I thank Rob for his commitment to driving the exploration program in Sweden. This saw Alicanto make strong progress towards its goal of unlocking the immense potential of these assets. We welcome Russell, Duncan, and Sue to the team. Their combined expertise in geology, finance, and corporate governance will be crucial as we advance our current projects, explore new opportunities, and drive shareholder value.

Summary of board and management changes and future outlook

Alicanto Minerals Ltd (ASX: $AQI) has made significant changes to its Board and Management team to align with its new growth strategy. The company aims to review potential project acquisitions and explore strategic funding options to support its exploration activities in Sweden. The recent Phase-1 drilling program at Falun in Sweden has highlighted the project's significant potential, leading Alicanto to consider further exploration. With the appointment of experienced individuals and the restructuring, Alicanto is poised to drive its current projects, explore new opportunities, and create shareholder value. The issuance of performance rights to key individuals reflects the company's commitment to incentivizing and retaining talent. Alicanto's focus on aggressive exploration campaigns in Sweden's mining region demonstrates its dedication to discovering and developing precious and base metal resources, positioning itself for future growth and success.