Asiamet strengthens board, management
Tuesday, February 21 2017 - 04:11 PM WIB
Asiamet Resources Limited announced Tuesday a further strengthening of its board and management team as it advances the BKM feasibility study through to completion in 2017 and ramps up project financing and mine development related activities.
Simultaneously, the company said in a statement it is continuing to progress its other high potential Indonesian copper and gold projects, delisting from the TSX-V and consolidating its listing on the London AIM.
Effective February 20, 2017, Tony Manini the current Chief Executive Officer and Vice Chairman will assume the position of Executive Chairman of the board and Peter John Bird, a highly experienced mining company executive will join Asiamet in the full time role of Chief Executive Officer.
Bird, 53, will also join the Asiamet board as Vice Chairman. Peter Pollard the current Chairman of the board will continue as a non-executive director.
Further changes to the board will be announced in due course as the focus of company activities transitions from exploration and feasibility studies to project financing, mine construction and operations.
Peter Bird is an experienced, well known and highly respected mining industry executive. His extensive experience covers technical, management, investment and human resource positions with major companies such as Western Mining Corporation, Merrill Lynch Equities and Newmont Mining. He has held senior executive roles at Newcrest Mining and Normandy Mining, two of Australia's largest gold producers with substantial operations in Indonesia. Bird was most recently the Managing Director of Heemskirk Consolidated Limited, an Australian listed producer of industrial minerals in Canada and previously operator of the Pajingo gold mine in Australia and the Los Santos tungsten mine in Spain. Over the past three years he has led the feasibility, financing and development of an industrial minerals project in Canada. Bird has a Bachelor of Applied Science in Geology from LaTrobe University and is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors.
On February 13, 2017, Bird was granted 8 million stock options of the company on the following terms, assuming continued employment: 2 million options will vest February 20, 2018 at an exercise price of 6p per share, 2 million options will vest February 20, 2018 at an exercise price of 8 p per share, 2 million options will vest February 20, 2019 at an exercise price of 10 p per share and 2 million options will vest February 20, 2019 at an exercise price of 12 p per share.
Editing by Reiner Simanjuntak