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Metals X names new chairman

Metals X Ltd. named Simon Heggen nonexecutive chairman following the resignation of Peter Newton.

Haggen has been a nonexecutive director since 2012, while Newton was a founding director of Metals X, according to an Oct. 24 news release.

In September, Metals X launched a A$32.7 million equity raising to fund its reset plan and exploration activities for the Nifty copper project in Western Australia and for general working capital requirements.