Australian Mines Limited announced the appointment of Andrew Luke Nesbitt as Chief Executive Officer (CEO) of the Company, effective 2 October 2023. Mr. Nesbitt holds a BSc (Eng) Mining and an MBA and has over 25 years of experience in the natural resources sector. He has held various executive, production and technical roles and has raised funds for numerous Metals and Mining companies.

He has held positions with both De Beers and Goldfields and has carried out a number of feasibility studies across the world with the leading technical consulting group SRK. In addition, Mr. Nesbitt is also an experienced investor, having previously worked as a partner and portfolio manager for Craton Capital Pty Limited, a global precious metals mining fund with over $400 million of assets under management investing in exploration and pre-development assets. Mr. Nesbitt was the previous Chief Executive Officer of Resource Mining Corporation Limited, an ASX Listed Metals and Mining exploration company focused on Nickel and Lithium exploration.

He is a Director of AIM listed RiverFort Global Capital Plc, a specialist provider of financing to junior companies, personally completing more than $150 million of capital allocation. Mr. Nesbitt has exceptional expertise and experience in identifying, progressing, and qualifying projects of significance, particularly in battery metals. Mr. Holmes will step down as CEO on 2 October 2023, but will remain with the company during a handover period until 6 October 2023.