THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.
Appointment of Chief Operating Officer
Red River Resources (ASX: RVR) has appointed Mel Palancian as the company’s new chief operating officer and executive director.
Palancian has over 20 years experience in the mining industry with his most recent role being deputy operations director at Newcrest’s Gosowong operation in Indonesia.
Prior to this, he held a range of senior positions at a number of company’s including MMG, OZ Minerals, and Zinifex.
“We are delighted that Mel is joining Red River and bringing the requisite technical skills and background to continue the transformation of Red River into Australia’s newest listed zinc producer,” Red River Resources managing director Donald Garner said.
“Mel brings technical strength to the senior management team of Red River and he has a proven track record in base metal project development and operation.”
Greenland Minerals and Energy (ASX: GGG) announced Roderick McIllree has resigned as managing director of the company and Dr John Mair, a current and long-standing executive director of the company has been appointed as the company’s new managing director.
Chairman, Michael Hutchinson has relinquished this role with the Board but will continue to serve as a non‐executive director.
Tony Ho, an independent non‐executive director and chairman of the Audit Committee, has been appointed as the new independent chairman of the company.
Simon Cato, a non‐executive director has assumed the role of the chairman of the Audit Committee.
“Roderick was a founding director of GMEL, initiated the Kvanefjeld project acquisition that crystallised in 2007, and whose passionate drive presents GMEL with the opportunity to develop the world’s largest undeveloped resource of rare earth elements and uranium, in close consultation with Greenland,” GMEL chairman Tony Ho said.
“On behalf of the directors, staff and stakeholders of GMEL, the directors thank Roderick for his major contributions and wish him the best for his future endeavours.
“I would also like to thank Mike Hutchinson for chairing the company through its formative years and look forward to his counsel in the re‐constituted Board.
“The changes to the Board and management of the company signal the evolution of GMEL from an exploration to a project development company, and at the same time ensuring our business has the best structure as we enter this exciting phase of development at Kvanefjeld,”
Director and Company Secretary Changes
Select Exploration (ASX: SLT) advised the market Cherie Leeden has resigned from her position on the Board as a non‐executive director due to other work commitments.
Leeden is replaced on the Board by in‐coming non‐executive director Phil Warren, a chartered accountant and executive director of West Perth-based Corporate Advisory firm Grange Consulting Group.
Warren has over 18 years experience in finance and corporate roles in Australia and Europe.
He is a non‐executive director of ASX-listed Cassini Resources (ASX: CZI).
As a result of his appointment, Warren has resigned his position as company secretary and is to be replaced in that role by Steven Wood.
Appointment of Alternate Director
Frontier Resources (ASX: FNT) chairman and managing director Peter McNeil has appointed Ms Paige McNeil to act as an alternate director at any meeting of directors at which he is not able to exercise his powers as a director.
The appointment is for an initial twelve month period.
Ms McNeil is a Corporate Governance practitioner with 15 years’ experience in the mineral exploration industry in Australia, Canada and Papua New Guinea.
She has worked for ASX and TSX-V listed and unlisted companies and possesses an extensive skill set including but not limited to Corporate Administration, Human Resources, Compliance, Risk Management, Strategic and Operational Planning and Capital Raising.
She is currently managing director and former company secretary of Quintessential Resources and an executive director of Exploration & Management Consultants and Extra Mile Developments.