Lucapa Diamond Company – Non Executive Recruitment

Board Direction, on behalf of Lucapa Diamond Company (ASX LOM) is seeking to appoint two (2) Independent Non-Executive Directors with either mining industry or capital markets experience.

ABOUT LUCAPA DIAMOND COMPANY

Lucapa Diamond Company Ltd is a growing global producer of high-value diamonds from the Lulo alluvial mine (40% stake) (Angola) and Mothae kimberlite mine (70% stake) (Lesotho). In 2021, it acquired 100% of the Merlin Diamond Project in Australia’s Northern Territory. Lucapa is also achieving encouraging results from its kimberlite exploration program to find the primary source of the exceptional alluvial production from Lulo. In 2022, Lucapa’s attributable revenue was A$69.1m with EBITDA of A$14.9m. The average price it achieved per carat in 2022 was A$2,309. The Company is listed on the ASX with a secondary listing on the Frankfurt Stock Exchange.

For more information about Lucapa Diamond Company, its Board and Management visit: https://www.lucapa.com.au/about/ 

ROLE DESCRIPTION

With solid financials and a stable board which sees strong opportunities for growth Lucapa now seeks to appoint two (2) new independent NEDs who can guide the growth and governance of the organisation utilising either their industry expertise or capital markets experience.

More specifically, the role of the NEDs will be to: Help shape the Company’s strategic direction and performance; Provide independent oversight and constructive challenge to balance the interests in the boardroom; Bring an independent and fresh perspective to decision making; Demonstrate relevant capability, expertise, and ethical behaviour; Act as a leader of the organisation and set the tone from the top in terms of the Company’s values and culture of the organisation; Challenge, support, mentor and monitor the CEO and senior management; Draw on relevant external networks to support the Company’s ambitions; Understand the fundamentals of the business in which the organisation is engaged, and being familiar with the financial position of the organisation; and Actively participate in board matters and contribute effectively to the Board’s work.

Lucapa values diversity in all aspects of its business and is committed to continually assessing and proactively monitoring these diversity trends and advocates that every candidate suitably qualified for a position has an equal opportunity of appointment regardless of gender, age, ethnicity or cultural background.

PERSON SPECIFICATION

Essential Criteria: The successful candidates must be able to provide evidence of success in the following essential criteria:

  1. Governance: Prior Board level or Non-Executive Director (NED) experience is essential.  

Preference will be given to those who can demonstrate proven governance success in an organisation of similar scope and scale (preferably in an ASX-listed (small cap) environment).

  1. Skills & Experience: One of the following:
  • Exposure to mining projects/operations in Africa – direct project development experience desirable

Preference may be given to specialist commodity/gemstone or minerals exposure and specialist sustainability exposure – though this is desirable experience only.

OR

  • Knowledge of capital markets and sophisticated institutional capital funding sources – experience with capital raising

Preference will likely be given to applicants who can demonstrate their networks and have a practical understanding of what institutional investors want.

  1. Qualifications:  The successful candidate must be able to demonstrate strong legal or accounting experience at board level.

Preference will be given to candidates who also have a formal accounting or legal qualification.

  1. Committee Experience: Evidence of having sat on and Chaired either Audit and Risk or Remuneration and Nomination Committees.

Preference will be given to those who understand the governance procedures to, and have, set up these committees in the past.

  1. Cultural Fit: A proven ability to work successfully in a small board environment.

Preference will be given to those who bring governance experience/expertise but also a willingness to be involved in operational matters.

  1. Additional information: Please tell us why this role in particular appeals and whether you have any formal governance qualifications.


Candidate Location: Candidates can be located anywhere in Australia if willing and able to attend board meetings in Perth.

Board Meetings and Time Commitment: The board currently meets six (6) times a year + attend the AGM. All meetings are held in Perth. In person attendance is preferred. 

Remuneration and Benefits: Annual remuneration – circa $120k including superannuation + travel and other company-related expenses.

TIMINGS (as a guide)

  • Applications close: Monday 18th December 2023 (late applications may be accepted)
  • Successful/unsuccessful candidates informed: late January 2024.
  • Interviews: wc 29th January 2024 (tbc)

TO APPLY

You MUST complete and submit the form below and attach your Board CV prior to Monday 18th December 2023. For questions or to arrange a confidential discussion please email ua.mo1733856554c.noi1733856554tceri1733856554ddrao1733856554b@tca1733856554tnoc1733856554.

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