Kingsrose unveils board changes
Wednesday, August 16 2017 - 12:36 PM WIB
ASX-listed Kingsrose Mining announced on Wednesday changes to its board of directors, effective immediately.
The company said in a statement that Roderick McIllree has been appointed as an independent, Non-executive Chairman, replacing John Morris, who will remain on the board as a Non-executive Director.
McIllree is a geologist with a deep understanding of narrow-vein, high-grade gold deposits within the broader Asia Pacific region. He is currently the Managing Director of BlueJay Mining PLC, which is listed on the London Stock Exchange.
In addition, Michael Andrews has been appointed Non-executive Director of the Company. Andrews is a geologist with more than 35 years? experience, much of which has been in Indonesia. Andrews was a founding director of Kingsrose and played a key role in the development of the original Way Linggo underground mine up until 2010.
Andrews is currently President and Chief Operating Officer of Southern Arc Minerals and Japan Gold Corp, both of which are listed on the TSXV in Canada. Andrews is a substantial shareholder of the company.
Grant Mills has also been appointed as an independent Non-executive Director of Kingsrose. Mills has extensive commercial experience in a range of industries, including mining and manufacturing, particularly in Asia.
?The board has been specifically selected to provide a diverse range of complementary skill sets to ensure the future stability and growth of the company as optimization of the operations at the Way Linggo Project continue. The board will provide oversight of a new executive team, recently put in place to manage the day-to-day operations on site,? Kingsrose said in the statement.
Elsewhere, the statement said Andrew Spinks and Joanna Kiernan have resigned as Directors of the company. Kiernan will remain as Company Secretary and take on the role of General Manager, Corporate.
Morris said the Board appointments would ensure Kingsrose had the skills and experience to drive the next phase of its turnaround strategy.
Editing by Reiner Simanjuntak