A-Cap Energy Limited has appointed Dr. Andrew Tunks as Chief Executive Officer to direct the company's upcoming feasibility studies on its two core projects:
Letlhakane Uranium in Botswana and Wilconi Ni-Co in Western Australia. Dr. Tunks is a member of the Australian Institute of Geoscientists holding a B.Sc. (Hons) from Monash and a Ph.D. in Economic Geology from the University of Tasmania. Dr. Tunks has held numerous leadership and exploration positions during his 30+ year career, with various ASX- listed companies. Most notably, he was Managing Director of A-Cap Resources from 2006 to 2011 where he led the development of the Letlhakane Project from discovery and first drill hole to one of the world's largest uranium resources. A-Cap Chairman, Mr. Jiandong He, said Dr. Tunks is a proven performer whose technical and corporate expertise would drive a new chapter of growth for the company. Amid strong global uranium prices, Dr. Tunks was pleased to be returning to A-Cap, describing the discovery and growth of Letlhakane as the highlight of his career. Dr. Tunks' remuneration package is $430,000 per annum (all inclusive) with 7 million options and 5 million Performance Rights with 25% vesting at $0.18, $0.22, $0.24 and $0.28 as per Appendix 3B released this day. Dr. Tunks is a member of the Australian Institute of Geoscientists holding a B.Sc. (Hons) from Monash and a Ph.D. in Economic Geology from the University of Tasmania.