West Perth-based Alicanto Minerals has announced a series of senior leadership appointments, in line with its recent acquisition of the Mt Henry gold project.
West Perth-based Alicanto Minerals has announced a series of senior leadership appointments, in line with its recent acquisition of the Mt Henry gold project.
Alicanto shareholders approved of the $64.4 million acquisition from Westgold Resources, announced last December, at its annual general meeting on Friday.
As part of the deal, Wayne Bramwell-led Westgold now holds a 19.9 per cent stake in the midcap developer.
In November last year, Alicanto announced that it had appointed Jeff Sansom as its chief executive, effective from March 3, with interim executive chair Ray Shorrocks transitioning to the role of non-executive chair on the same date.
On Monday, the company said these changes had come into effect, as per its recent quarterly report, and is confident it will provide an ideal springboard for its next phase of growth.
Along with this, Ben Palich will become Alicanto’s executive general manager of growth and development, while Tim Sloan will be geology manager.
“The Mt Henry acquisition gives Alicanto an exceptional opportunity to create value through brownfields gold exploration in WA, Mr Shorrocks said.
“As well as already having a 915,000oz resource, we know the project has substantial low hanging fruit with mineralisation outlined over a 16km corridor, much of which sits outside the resource.
“With Jeff now in the role of CEO, a strengthened executive and leadership team in place, and the ongoing support of Steve and Mike, the board is confident the company is well positioned to systematically advance Mt Henry and unlock long-term shareholder value.”
Mr Sansom, an experienced company executive across both ASX and TSX-listed firms, joined Alicanto following time as Regis Resources' executive head of investor relations and external affairs.
Alicanto shares closed trade on Monday down 3 per cent to 17.5 cents.
