THE BOURSE WHISPERER: Rox Resources (ASX: RXL) announced that managing director Ian Mulholland has advised the Board of Directors of his intention to retire and step down from the position effective 30 April 2019.
Rox Resources is now on the hunt for a suitable replacement with Mulholland working on a reduced salary until his departure and being available to work with the Board and the new appointee to ensure a smooth transition.
“Ian was a co-founder of the company and has been with it since its inception in late 2003, leading to a successful IPO and ASX listing in April 2004,” Rox Resources chairman Stephen Dennis said in the company’s announcement to the Australian Securities Exchange.
“Along the way, Ian has made a significant contribution, including negotiation of a number of project acquisitions, including the Laos zinc project; the Reward zinc project, its subsequent Joint Venture with Teck, and the resulting sale of our interest for approximately $20 million; and the Mt Fisher gold and Fisher East and Collurabbie nickel projects that have led to JORC mineral resources being established and a Scoping Study completed on the Fisher East nickel project.
“The Fisher East nickel discovery led to Rox being awarded the Explorer of the Year in 2015 by Australian Mining, and the Teena zinc discovery resulted in Ian and two members of the Teck team sharing the prestigious AMEC Prospector Award in 2016.
“On behalf of the Rox Board of Directors, I want to thank Ian for his commitment and contribution to Rox over the past 15 years.
“We wish Ian well in his retirement, however I am certain he will continue to make a valuable contribution to the resources industry.”
In response Mulholland said he was proud of the achievements of Rox under his watch.
“It has been an honour and privilege to lead the company over the last 15 years,” <ulholland said.
“I wish to thank all of our staff, past and present, who have also contributed to our successes and supported me as managing director.
“I also wish to thank the three chairmen I have had the pleasure of working with, Dr Alistair Cowden, Mr Jeff Gresham, and Mr Stephen Dennis.
“I have benefitted greatly from their guidance and encouragement over the last 15 years.”