The Directors of Collerina Cobalt Limited announced that it is proposed that Rimas Kairaitis will replace Justin Werner as Managing Director in August 2018 following a planned IPO of Nickel Mines Limited. Kairaitis is currently serving in the capacity of Technical Director of the Company. The full terms of Mr. Kairaitis's appointment as Managing Director are currently being finalised. Werner is currently Managing Director of Nickel Mines Limited and, upon this conditional change of Managing Director, Mr. Werner will continue to serve as a Non-Executive Director of Collerina.