06/08/2018 - 14:48

Board Moves: Rox, Galena, Alicanto, Infinity

06/08/2018 - 14:48

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Four local mining companies have announced new chief executives as the industry shifts its focus to the annual Diggers & Dealers conference in Kalgoorlie, which kicked off today.

Adrian Byass will remain on the board as a director. Photo: Attila Csaszar

Four local mining companies have announced new chief executives as the industry shifts its focus to the annual Diggers & Dealers conference in Kalgoorlie, which kicked off today.

Infinity Lithium has appointed Ryan Parkin as managing director as part of a board restructure, replacing Adrian Byass.

Mr Parkin previously served as the company’s general manager of corporate development.

Mr Byass will remain on the board as a director and will continue to manage the feasibility study for the company’s San Jose lithium project in Spain.

Humphrey Hale and Eric Lilford have resigned as directors as part of the restructure.

Chairman Kevin Tomlinson welcomed Mr Parkin to the role.

“I wish to thank outgoing directors for their commitment and service in advancing to this point and wish them all the best in future endeavours,” he said.

“The company believes that the updated board reflects the requirements of an evolving corporate dynamic in the industry and the stage of the San Jose project and it positions Infinity Lithium for great advances to be made.”

Infinity shares finished down 6.5 per cent at 7.2 cents each.

Meanwhile, Rox Resources announced the board for its subsidiary Helios Gold, which is seeking an ASX listing, with Gold Road Resources managing director Ian Murray appointed as a non-executive director.

Former Sundance Resources executive Robin Longley was also appointed as managing director, while Rox managing director Ian Mulholland will serve as a non-executive director.

“I am very pleased that we have been able to attract such a high calibre board for Helios,” Rox chairman Stephen Dennis said.

“Both Rob and Ian are quality appointments and will bring significant geological and commercial success and experience to the table.”

Galena Mining also announced the appointment of a managing director, with former Paladin chief executive Alex Molyneux set to take over the role next month.

Mr Molyneux served at Paladin for three years and previously worked in various executive positions at Ivanhoe Mines Group.

He currently serves on the board of Argosy Minerals and Tempus Resources, among others.

Mr Molyneux will be paid a monthly director and consulting fee of $US20,000, along with 16.5 million performance rights.

Shares in Galena finished up 2.5 per cent today.

Alicanto Minerals has announced former Mineral Resources project manager Peter George as its new chief executive.

Mr George also previously worked at Keras Resources.

“I am pleased to welcome Peter’s appointment as CEO,” Alicanto chairman Didier Murcia said.

“His unique blend of experience in management, operations and project development across multiple jurisdictions as well as previous corporate positions at a senior level will be invaluable in establishing Alicanto’s strategy and next phase of growth.”

Mr George will be paid a base salary of $240,000 along with 1 million performance-based options.

Shares in Alicanto were unchanged today.

 

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