Dundas Metals has appointed Steven Formica as its non-executive chair, effective immediately.
Mr Formica – presently chair of WA-based trio Kaiser Reef, Albion Resources and Ragnar Metals – replaces Mark Chadwick, who has resigned from the role.
It marks the second significant managerial change for the junior in the space of five months, which is moving towards drilling at both its Kalgoorlie hub and Romano gold projects.
In early-October last year, Dundas appointed Jonathan Downes as its managing director, on the back of founding MD Shane Volk announcing his retirement.
Prior to his arrival, Mr Downes, the founder of Kaiser Reef, was the midcap’s MD from February 2020 until October 2025.
In recent months, Dundas has undertaken two capital raises – of $1.1 million and $2.5 million respectively – in order to further both gold exploration and drilling activities across its WA assets.
On December 30, it acquired an 80 per cent stake in Romano from Cazaly Resources, which is located adjacent to the Gruyere gold mine, which Mr Downes said the junior had the opportunity to benefit from in terms of geographical exposure.
Dundas last traded at 5.5 cents, up 2 per cent, as of 10.14am AWST.
