Flinders Mines Limited announced the appointment of highly experienced mining executive Mr. Steven Michael as the Company's Chief Executive Officer, effective 2 March 2023. Mr. Michael has over 25 years' experience in the resources industry, in senior executive leadership roles with ASX-listed mining and exploration companies and investment banking, corporate advisory and equities research positions with several global investment banks. Most recently, he served as Managing Director of ASX-listed uranium company Vimy Resources Limited, which culminated in the successful $658 million merger with Deep Yellow Limited, and Mr. Michael subsequently served as an Executive Director of Deep Yellow Limited.

Prior to his positions with Vimy Resources Limited and Deep Yellow Limited, Mr. Michael was a Managing Director with global business advisory firm FTI Consulting, where he specialised in economic evaluations, feasibility studies and project financing of mining projects across multiple commodities and jurisdictions. Mr. Michael's appointment positions Flinders to execute a multi-staged development of the Pilbara Iron Ore Project (PIOP), with a focus on sustainable cashflow generation from this long-life asset. He will take over key executive leadership responsibilities from Flinders' current General Manager Dr. Andrew Whitehead, who has served as General Manager since June 2020.

Dr. Whitehead will remain at the Company in the General Manager role, with Mr. Michael's appointment enabling him to dedicate greater time and resources towards project development initiatives.