Azimuth Resources has appointed former Grange Resources managing director Russell Clark as its new chief executive.
Mr Clark oversaw Grange’s merger with Australian Bulk Minerals during his 4 ½ year tenure at the helm, as the company grew its market capitalisation four-fold over the same time period.
Azimuth chairman Michael Hunt said the company was delighted to have attracted a chief executive of Mr Clark’s calibre.
“He has demonstrated abilities to both develop and manage projects as well as to communicate effectively with the market,” Mr Hunt said in a statement.
“Russell has visited the company’s flagship gold projects in Guyana and recognises the huge potential we have there.”
Mr Clark said he was confident of future exploration sucess at the West Omai gold project.
At 10:20AM, WST, Azimuth shares were up nearly 7 per cent, trading at 33.7 cents.
