Firefinch board members bow out

Firefinch non-executive directors Naomi Scott and Liz Wall have resigned from the company’s board no less than a month after they were appointed.  

The Mali-focused gold miner issued a scant statement to the ASX informing the market of their departure, which took effect as of June 27.

“Firefinch advises that Ms Liz Wall and Ms Naomi Scott, who were recently appointed to the Board of Firefinch, have advised of their resignation as directors effective 27 June 2022,” it read.

Ms Wall and Ms Scott joined Firefinch on May 30.

Upon her appointment, Ms Wall was described as a specialist consultant in environmental social and governance matters, with more than 20 years’ experience spent working on projects such as Simandou, ExxonMobil’s Rovuma and Papua New Guinea LNG.

Fellow outgoing non-executive director Ms Scott was previously chief executive of Anglo American in Mozambique and currently sits as general counsel and country director Mozambique for Battery Minerals.  

Their resignation was announced the day after Firefinch shares entered a trading halt pending an update on operational performance and production guidance at its flagship Morila gold project.

Firefinch spin-off Leo Lithium, which was demerged to house the company’s Goulamina lithium project in Mali, listed on the ASX last week.

Prior to the trading halt, Firefinch shares last traded at 20 cents.  

It had been trading around $1.11 at the end of May, but fell sharply to 35 cents in early June.