Metallica Minerals Limited announced that commencing 8 July 2024, Mr. Stephen Everett has been appointed the Independent Non-Executive Chairman of the Company. This follows the re-composition of the board with Stephen Everett having commenced as directors of Metallica on 8 July 2024. Mr. Stephen Everett is a management and board professional with over 40 years' experience working with and advising boards, executive management and operating committees in the resources, construction and real estate industries.

His skills and experience enable him to increase organisation value, effectively manage risk, guide commercialisation efforts and strategise stakeholder management. The board has established an Independent Board Committee ("IBC") of Independent Non-Executive Directors Stephen Everett and Brad Sampson. The role of the IBC during the current Diatreme Resources Limited bid period will be to make decisions relating to the DRX bid and any matters where non independent directors are potentially conflicted.