PERTH (miningweekly.com) – Jon Price on Friday tendered his resignation as the MD of ASX-listed Phoenix Gold, shortly after the miner signed gold producer Evolution Mining onto its registry.
Phoenix did not give a reason for Price’s departure.
“Despite the disappointing performance of the Kintore mine, the recently announced strategic alliance with Evolution Mining and the inherent future value of the licence to mine and ore sale agreement with Norton Goldfields, leaves Phoenix well placed to maximise value from both the Kunanulling and Zulekia gold shears,” said executive chairperson Dale Rogers.
“The board would like to acknowledge the contributions that Price has made in establishing and building Phoenix into a Western Australian-focused gold company with an enviable resource position."
Price was a founding director of Phoenix.
Meanwhile, Rogers had been appointed as executive chairperson, from his previous role as nonexecutive chairperson, while company secretary Ian Gregory had been appointed to the board as a nonexecutive member.