Southern Cross Goldfields has announced the immediate resignation of three of its directors, just days after announcing the departure of the company’s chief executive.
The West Perth-based miner merged with Brisbane-based Polymetals Mining last month, with Polymetals becoming a wholly owned subsidiary of Southern Cross.
Southern Cross chief executive Glenn Jardine was expected to retain his role following the merger but the company announced last week that he would no longer continue in the role, in the wake of a post-merger company review.
Non-executive director Frank Terranova will step in as interim chief executive to oversee the conclusion of merger activities.
Today the company announced that chairman Samantha Tough and directors John Rowe and Graham Brock would resign from the board effective immediately.
Chief financial officer Stephen Jones will also resign but intends to serve out a three-month period of notice.
Southern Cross said the market would be updated in due course with respect to any further changes.
The company is due to hold its annual general meeting in November, when it expects to have completed the majority of its merger implementation activities.
The newly merged company is expected to have a market capitalization of around $30 million and a combined portfolio of gold and base metals projects in Western Australia, South Australia and New South Wales.