THE BOURSE WHISPERER: Rox Resources (ASX: RXL) has appointed Alex Passmore to the position of Chief Executive Officer, commencing immediately.
Passmore is a qualified geologist with extensive corporate experience and is a well-known identity in the resources sector having been spent over ten years at Patersons Securities in roles such as Director – Corporate Finance, Head of Research, Resources Analyst, and Institutional dealer.
He was also Executive Director – Natural Resources & Institutional Banking for Commonwealth Bank of Australia for two years.
Rox Resources espoused Passmore’s qualifications as an experienced corporate executive and company director with recent appointments including Managing Director of Cookatoo Iron, Non-Executive Director of Aspire Mining, Non-Executive (and Executive) Director of Equator Resources Ltd/Cobalt One (which merged with TSX-listed First Cobalt Corp), and CEO of Draig Resources (now Bellevue Gold).
In these positions, Passmore played a role in acquiring assets of the companies, reorganising their capital and funding, and setting them on a path to success.
Passmore has also Mr Passmore’s appointment follows the announced retirement of Ian Mulholland from the Rox Board effective 30 April 2019.
“We are extremely pleased to have been able to secure the services of such a high calibre executive as Alex Passmore,” Rox Resources chairman Stephen Dennis said in the company’s announcement to the Australian Securities Exchange.
“His track record is very strong, and we look forward to a new chapter at Rox under Alex’s stewardship.”
Passmore said he was delighted to be joining Rox.
“It is very well placed, with a strong cash position, advanced projects at Mt Fisher, Fisher East and Collurabbie where existing resources are set to grow and drill ready targets are being followed up,” he said.
“The company continues to evaluate other growth opportunities which are complementary to the company’s strategic plan and expertise.”