Highlights
- Allister Caird has been appointed as CEO of Mount Ridley Mines, effective 6 November 2025.
- Mr Caird brings a leadership background from Locksley Resources Ltd, where he served as Head of Critical Minerals and directed downstream strategy in the US.
- MRD shares were trading 125% higher at 7.2 censt per share on 3 November 2025.
Mount Ridley Mines Limited (ASX:MRD) has announced the appointment of Allister Caird as Chief Executive Officer, effective 6 November 2025. The decision is part of the company’s strategic focus on advancing its rare-earth and gallium projects in Western Australia and exploring downstream critical-minerals opportunities.
New CEO Brings Decades of Critical Minerals Experience
The company has revealed that Allister Caird will assume the CEO role from 6 November 2025. Mr Caird is a geologist whose career spans over 15 years in the energy and resources sector, encompassing exploration, research (including work at CSIRO), project development and capital-markets activity across ASX, OTC and AIM platforms.
Previous Role Highlights Downstream and Global Reach
Prior to his new role, Mr Caird served as Head of Critical Minerals at Locksley Resources Ltd (ASX:LKY), where he led the company’s downstream strategy in the United States. During that tenure, he was instrumental in forming a collaboration with Rice University to advance innovative processing technologies.
Mount Ridley Chairman, Peter Christie, said: “We are delighted to welcome Allister to Mount Ridley at a pivotal time for the Company. His technical background, combined with a strong understanding of global critical minerals markets and downstream opportunities, will be instrumental as we advance our rare earth and gallium projects in Western Australia and explore strategic partnerships in the United States.”
Executive Terms and Performance Rights
Under the Executive Services Agreement, Mr Caird will receive a base salary of AUD 275,000 per annum (plus superannuation). In addition, he has been granted 20,000,000 performance rights: 10,000,000 rights vesting at a 20-day VWAP of the company’s shares reaching AUD 0.02 (expiry five years from grant) and another 10,000,000 rights vesting at a VWAP of AUD 0.04 (also five-year expiry). Either party may terminate the agreement with three months’ notice.
MRD Shares Rally
MRD shares were trading 125% higher at 7.2 censt per share at the time of writing on 3 November 2025.
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