It’s just got very serious12 Sep 2022 08:04
Australian corporate and mining leaders Mark Barnaba, Elizabeth Gaines and James 'Jimmy' Wilson agree to join the Board of Greatland to help drive its growth and advancement to a leading gold and copper producer
Greatland Gold plc (AIM:GGP), is pleased to announce that three of Australia's most highly credentialled corporate and mining industry leaders have agreed to join the Company's Board of Directors. The appointments will amplify Greatland's growth strategy and support the transition of the business to a gold and copper producer through the potential development of the world-class Havieron gold-copper project in the Paterson region of Western Australia.
Highlights
§ Mark Barnaba, eminent natural resources investment banker and Deputy Chair of A$50 billion ASX-listed Fortescue Metals Group Ltd (Fortescue), to join as Non-Executive Chairman
§ Elizabeth Gaines, former Fortescue CEO and Managing Director, to join as a Non-Executive Director and Deputy Chair
§ James 'Jimmy' Wilson, a former senior executive at BHP including the former President of its iron ore division, to join as an Executive Director commencing on 12 September 2022
§ Mr Barnaba and Ms Gaines intend to commence in a consulting role with effect from 12 September 2022 prior to joining the Board as Non-Executive Directors on or before 1 January 2023
§ The addition of mining industry leaders with substantial corporate and operational experience will assist Greatland to fulfill its ambition to be a world class mining company
§ Greatland intends to commence a process to undertake a cross listing on the Australian Securities Exchange (ASX) to increase liquidity and provide additional access to capital
§ Co-Investment Options Incentives are intended to be granted to create strong and immediate alignment with shareholders to deliver substantial share price growth, with the option exercise price being set at a 45 per cent premium to the recent equity placement price
§ Current Non-Executive Chairman Alex Borrelli will assume a senior Non-Executive Director role as Lead UK Director following the new Board appointments on or before 1 January 2023