Kingfisher Mining Taps Chris Bittar to Accelerate Project Growth
Kingfisher Mining has appointed geologist Chris Bittar as Managing Director, aiming to leverage his expertise to advance its NSW and Western Australian mineral projects.
- Chris Bittar appointed Managing Director with immediate effect
- Over 15 years’ experience in resource development and exploration
- Focus on NSW copper, silver, base metals and WA Rare Earth projects
- Remuneration includes A$230,000 base salary plus performance rights
- Incentives tied to share price milestones and mineral resource targets
Leadership Change at Kingfisher Mining
Kingfisher Mining Limited (ASX – KFM) has announced the appointment of Christopher Bittar as its new Managing Director, effective immediately. With a solid 15-year track record in geology and resource development, Bittar brings a blend of technical expertise and financial acumen to the company. His previous leadership roles at Auking Mining and Pantoro Gold underscore his capability in advancing exploration projects from discovery through to commercial viability.
Strategic Focus on Key Mineral Projects
Kingfisher is positioning itself for growth by focusing on its diverse portfolio, which includes copper, silver, and base metal projects in New South Wales, alongside Rare Earth prospects in Western Australia. Bittar’s appointment is seen as a pivotal step to unlock value in these assets, particularly given his hands-on approach to project advancement and resource evaluation. The company’s NSW tenure spans approximately 700 square kilometres across three proven mining districts, while its Western Australian holdings cover 938 square kilometres in the underexplored Gascoyne Mineral Field.
Incentivising Performance with Equity
Bittar’s remuneration package includes a base salary of A$230,000, complemented by performance-based incentives structured as unquoted performance rights. These incentives are contingent on Kingfisher’s share price reaching specified milestones ($0.20 and $0.40 VWAP over 30 trading days) and achieving defined mineral resource targets, such as a 50,000-tonne copper resource or a combined 100,000-tonne lead and zinc inventory. This alignment of executive rewards with shareholder value creation signals the board’s confidence in Bittar’s ability to drive tangible progress.
Market Implications and Outlook
The appointment comes at a time when Kingfisher is gearing up for a period of exploration and development activity. Non-Executive Chairman Scott Huffadine highlighted Bittar’s technical leadership as critical to advancing the company’s projects. Investors will be watching closely to see how swiftly Bittar can translate his experience into operational milestones and whether the company’s share price and resource base can meet the ambitious targets set out in his incentive plan.
Bottom Line?
Chris Bittar’s leadership could be the catalyst Kingfisher needs to transform its mineral assets into shareholder value.
Questions in the middle?
- How quickly can Bittar advance Kingfisher’s NSW and WA projects to commercial stages?
- What are the specific timelines for achieving the mineral resource targets tied to his incentives?
- How will the market respond to Kingfisher’s progress under new leadership in the coming quarters?
