Flanagan to chair graphite play

Mozambique-focused graphite explorer Metals of Africa has recruited former Atlas Iron boss David Flanagan as its new chairman.

Mr Flanagan will take on the new role as non-executive chair from today, replacing Gilbert George who will remain on the board as a non-executive director.

“For some time we have been seeking someone of David’s calibre to help us move towards the realisation of our aim of becoming one of the world’s pre-eminent producers of high quality, environmentally traceable graphite,” Mr George said.

“David’s experience encompasses the qualities need to finance and develop our projects, and effectively market our products to the industries at the forefront of the new energy revolution.”

Mr Flanagan resigned from Atlas in June after having served in the roles of managing director and chairman of the iron ore miner over 12 years.

Last month, he joined Northern Star Resources as the local gold miner restructured its board.

In his new role, Mr Flanagan will receive an annual director’s fee of $60,000 including superannuation, plus options.

Metals of Africa said it was also pursuing further appointments.

Shares in Metals of Africa were 9.6 per cent higher to 5.7 cents each at 11:15am.