THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.
Nimbus project Manager Appointment
MacPhersons Resources (ASX: MRP) has appointed Andrew Lawry, a highly-experienced group project manager to lead the design and costings process for the company’s Nimbus silver-zinc-gold project in Western Australia.
Lawry will oversee the design of the Nimbus processing plant and the project’s final capital and operating cost estimates.
These estimates will form a key part of the Nimbus Bankable Feasibility Study, which is due to be completed in the middle of next year. First production is scheduled for 2016.
Lawry will also oversee the engineering, construction and commissioning of the Nimbus plant and remain a key member of MacPhersons’ executive team as production ramps up.
Appointment of Managing Director
Kidman Resources (ASX: KDR) announced executive director Martin Donohue will now assume the role of managing director.
“Martin has been instrumental in bringing opportunities to Kidman from pre IPO and Kidman will benefit from Martin’s focus and drive to take the company forward,” Kidman Resources chairman Garrick Higgins said.
“I look forward to doing so with him at the helm”.
Executive Director Appointment
Dateline Resources (ASX: DTR) has appointed Stephen Baghdadi as executive director of the company.
Mark Johnson has resigned his executive role but will remain as chairman of DTR.
Baghdadi will receive a monthly fee of $5,000 which will be accrued for and paid at the Board’s discretion as cashflow allows.
He will also receive 7.5 million options with a strike price of 4 cents and an expiry date of 21st May 2016.
New Non-Executive Director
Minera Gold (ASX: MIZ) announced Brett Heath has been appointed to the company’s board of Minera Gold as a non-executive director.
Heath is the newly-appointed nominee of SilverStream SEZC, a precious metals streaming company, which has funded Minera Gold with US$6 million of its US$9.5 million total commitment in exchange for entering into gold and silver purchase agreements covering production from the company’s 100 per cent-owned Torrecillas gold project and the recently acquired San Santiago mill, both located in Southern Peru.
Heath is currently serving as president and director of SilverStream SEZC.
Appointment of Managing Director and Chairman
Celamin Holdings (ASX: CNL) announced the appointment of the company’s current chief executive officer, Nic Clift as managing director.
Clift is an experienced senior mining industry executive with expertise in the sub-Saharan and North African region, experience that has proved invaluable in the company’s aims to advance its core asset, the Chaketma phosphate project in Tunisia.
The company has also appointed Martin Broome, who is currently a non-executive director as the company’s new chairman.
Broome has more than 37 years’ experience in the African minerals industry having founded African Mining Consultants in 1994 where he was managing director until 2010.