MINING executives Barry Eldridge and Andrew Law will take the reins at West Perth-based Wedgetail Mining Ltd following a decision to discontinue its Nullagine gold project. Mr Eldridge, whose current roles include that of director at Portman Ltd parent Cleveland-Cliffs, and Australian chairman of engineering company SNC-Lavalin, will become Wedgetail’s non-executive chairman under a new company strategy. Mr Law moved to Wedgetail from Moly Mines, and will take up the role of managing director later this month. Both men will be issued options upon their appointment, with Mr Eldridge to receive five million options at 20 cents and Mr Law to receive two million options in two tranches, with half exerciseable at 20 cents and the balance at 30 cents. The news came after Wedgetail founder Frank Vanspeybroeck announced his resignation from the company board, along with fellow non-executive director Evan Kirby and managing director Terry Stark the previous month. These changes come two months after the company announced a deferral of further project development at its Nullagine gold project until further notice. The company plans to continue exploration with the aim of increasing ore reserves to a minimum of 500,000 ounces.