PMI Gold Corporation has appointed Ausdrill co-founder Jim Askew as its new chairman, replacing Peter Buck who resigned in the fallout of the company's failed merger deal with Canada's Keegan Resources.
Mr Askew has considerable experience in the mining and resources investment sectors, particularly in Ghana's gold industry, where he has been involved since 1985.
As well as co-founding Ausdrill, Mr Askew founded James Askew & Associates, which is now known as Australian Mining Consultants (AMC).
He is also currently chairman of OceanaGold Corporation and Climax Mining.
Mr Buck stepped down as PMI chairman in February, after the company was unable to complete a merger agreement with Keegan Resources.
Interim chair Ross Ashton said today that Mr Askew was a “standout appointment”.
“He as been directly involved in multiple corporate successes which have required strong strategic leadership and resulted in enormous value creation,” Mr Ashton said in a statement.
PMI also said it would nominate metallurgist Peter Bradford and former Exco Resources managing director Michael Anderson for election at the company's May annual general meeting.
Executive director Thomas Ennison will not seek re-election at the AGM, PMI said.
Mr Ennison will continue as the company's Ghanaian legal counsel.
At close of trade today, PMI Gold shares were down 5.8 per cent, trading at 56.5 cents.