(Alliance News) - SolGold PLC on Thursday said Chief Financial Officer Ayten Saridas, Non-Executive Director Keith Marshall and Head of Exploration Jason Ward plan to step down.
SolGold is a Brisbane, Australia-based developer of copper-gold deposits in Ecuador.
Non-Executive Director Keith Marshall, who will step down from the board on Friday, also chaired the project technical committee and oversaw the updated mine plan for the Cascabel project pre-feasibility study that was released in April. He was also interim chief executive officer in 2021 and led the company through to the appointment of Darryl Cuzzubbo in December last year.
Marshall will remain as an adviser to the company's technical committee, to help oversee the Cascabel project and ensure a smooth transition to the committee's new Vice President Bernie Loyer.
Chief Financial Officer Ayten Saridas has also resigned immediately. In his place SolGold has appointed Keith Pollocks as interim CFO, until a permanent replacement is found.
Pollock has recently held CFO roles at Victory Offices Ltd, Kasbah Resources Ltd and Newcastle Coal Infrastructure Group Pty Ltd.
Finally, SolGold said that Head of Exploration Jason Ward plans to step down, after agreeing with the company that the head of exploration should be required to be based in Ecuador.
Ward, who now lives in Australia, has been with SolGold since its inception in 2006.
Like Marshall, Ward will remain as an adviser to the company to help drive its exploration strategy.
SolGold added that its search to find Marshall, Saridas and Ward's successors has begun.
Chair Liam Twigger said: "I would also like to thank Keith for stepping into the CEO role and his direction towards producing a world class PFS for the Cascabel project and Jason in contributing to a remarkable discovery.
"We are pleased to be able to draw on Keith and Jason's expertise in their new roles as advisors to SolGold," Twigger added.
Shares in SolGold were down 1.5% to 22.90 pence each in London on Thursday morning.
By Sophie Rose; sophierose@alliancenews.com
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SolGold (SOLG)