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Geopacific refreshes board

8th November 2023

By: Creamer Media Reporter

     

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Exploration and development company Geopacific Resources has appointed highly experienced Australian mining executives to its board as part of its leadership renewal.

The company, which owns the Woodlark gold project in Papua New Guinea, recruited Graham Ascough as nonexecutive chairperson, succeeding Andrew Bantock who is stepping down.

Ascough is currently nonexecutive chairperson of Sunstone Metals Black Canyon and PNX Metals and was the chairperson of Musgrave Minerals, recently acquired by Ramelius Resources.

Geopacific also appointed Rowan Johnston and Hamish Bohannan as nonexecutive directors. Hansjoerg Plaggemars and Michael Brook will continue as nonexecutive directors, while Richard Clayton has stepped down.

The company will announce a new CEO “shortly”, it said in a statement.

The progress that Geopacific has achieved with its 2022 business transformation programem and 2023 technical work programme has addressed many of the Woodlark gold project’s underlying issues, so the board renewal comes at an important and opportune time for the company.

“We are delighted that Graham, Hamish and Rowan have now agreed to bring the benefit of their considerable experience, capability and insights to drive the company’s strategic and corporate agenda into the future, to realise the potential of Woodlark. Beyond these new board appointments, I am pleased that the company is also close to finalising its permanent CEO appointment,” said outgoing chair Bantock.

Meanwhile, Ascough said the new board and management had recently spent four days in Papua New Guinea and two days at the project on Woodlark Island.

“We all came away with a positive and enthusiastic view of the potential of the Woodlark gold project. The latest round of work has, in our opinion, progressed the project and resolved many of the engineering and construction issues. Even more exciting is what we believe to be the significant exploration potential on the island,” he said.

Edited by Creamer Media Reporter

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