Nigel Broomham Named Managing Director with 8.25M Performance Rights at Breakthrough

Leadership Change at a Pivotal Moment

Breakthrough Minerals (ASX, BTM) has announced the appointment of Nigel Broomham as Managing Director, effective 20 March 2026. This move comes as the company aims to accelerate growth and transition from exploration towards development at its flagship North Queensland Copper-Gold Project. Broomham brings a wealth of experience, combining technical expertise with operational and corporate leadership, positioning him well to lead Breakthrough through its next phase.

A Proven Track Record in Mining and Exploration

With over 15 years in the mining sector, Broomham’s background spans exploration, resource development, and mining operations. His recent role as CEO of Battery Age Minerals saw him drive global project acquisitions and expand exploration tenure across multiple jurisdictions. Prior to that, he held senior leadership roles at Pilbara Minerals, including Head of Geology and Production Superintendent at the renowned Pilgangoora Lithium-Tantalum Project. His experience navigating projects from exploration through to production will be invaluable for Breakthrough’s ambitions.

Strategic Focus on North Queensland Copper-Gold Assets

Breakthrough’s North Queensland Copper-Gold Project covers a substantial 952 square kilometres in the Mount Isa-Cloncurry region, a well-established mining province. The project hosts a JORC-compliant resource of 18.8 million tonnes at 1.07% copper equivalent, with significant potential for expansion given the under-drilled nature of large portions of the tenure. Broomham’s appointment aligns with the company’s strategy to rapidly grow this resource base through disciplined exploration and targeted drilling.

Leadership Transition and Incentive Structure

Alongside Broomham’s arrival, Executive Director Peretz Schapiro will step down from executive duties and take on a Non-Executive Director role, marking a leadership transition focused on operational execution. Broomham’s remuneration package includes a base salary of A$300,000 plus performance rights tied to key milestones, including resource growth targets and share price hurdles, incentivising delivery of tangible value for shareholders.

Outlook for Breakthrough Minerals

The board, led by Chairman Graeme Robertson, expressed confidence that Broomham’s disciplined approach and extensive industry experience will unlock the full potential of Breakthrough’s copper-gold assets. As the company moves from exploration towards development, investors will be watching closely for drilling results and resource updates that validate this strategic pivot.