As per today's IRC ann., Ruane has retired as IRC's MD:
The Board of Australian gold explorer Intermin Resources Ltd (ASX: IRC) is pleased to announce the appointment of Mr Jon Price, an experienced mining industry executive, to the position of Managing Director.
Mr Price has over 25 years’ experience in Australia and overseas across all aspects of the industry including exploration, development, construction and mining operations in the gold and advanced minerals sectors. Jon graduated as a metallurgist and holds a Masters in Mineral Economics from the Western Australian School of Mines. He then worked in various gold and advanced mineral operations including general manager of the Paddington gold and St Ives gold operations in the Western Australian goldfields.
More recently, Jon was the founding Managing Director of Phoenix Gold Ltd, currently being acquired by Evolution Mining Ltd. During his tenure, Jon oversaw the reconsolidation of underexplored tenure in the Western Australian goldfields and realised significant exploration success. Jon is a member of AusIMM and the AICD.
Dr Michael Ruane, Intermin’s current Managing Director retired effective 31 December 2015. Dr Ruane has held this role since May 1998 and will remain as a Non-Executive Director to assist during the transition phase. (Terms are set out in Attachment 1).
"The IRC Board would like to thank Michael for his tireless efforts over many years, particularly in more recent times when the overall market has faced considerable challenges. Michael has been instrumental in maintaining the Company’s assets and has positioned the Company for what we see as an exciting growth phase on the back of an improving Australian gold price environment", IRC Chairman Peter Hunt said.
"In turn, we are delighted with the appointment of Jon as our new Managing Director and have confidence in Jon’s ability to lead the Company and deliver growth in shareholder value", Mr Hunt said.
Jon took up his appointment on 1 January 2016. A summary of material terms of Jon’s Service Agreement is set out in Attachment 1.
RWD Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
