SYDNEY, AUSTRALIA: Geopacific Resources Ltd (ASX: GPR) advises that Mr Tim Richards has resigned as Chief Executive Officer of the Company efficient 1st January 2023. The Board has commenced a seek for a brand new Chief Executive Officer.
In the interim interval between Tim’s departure and graduation of his everlasting replacement, Non-Executive Director Richard Clayton will act as Interim CEO, working closely with Chief Financial Officer Matthew Smith.
Richard has over 20 years of mining sector expertise covering technical, advisory, and monetary roles. He currently operates a consultancy practice, offering advisory services to mining companies and monetary services suppliers together with study management, enterprise development and due diligence reviews.
Richard was beforehand at Investec Bank plc, the place he had management responsibility as Australia desk head inside the Global Resources team and supreme responsibility for all technical due diligence assessments throughout the resources sector for Investec.
Prior to Investec, Richard was a Principal Consultant at SRK Consulting specialising in Mineral Resource Estimation and Project Evaluation. He headed up the Sydney Geology team and was a member of the Practice Leadership Group on the firm. In this role Richard managed multi-disciplinary due diligence and valuation groups delivering useful resource estimation and reviews to a vary of clients internationally, together with Competent Person sign-off.
Chairman, Andrew Bantock commented: “On behalf of the Board, I would like to thank Tim for his service as Chief Executive Officer and we want him well for the future. Geopacific is lucky to have a skilled with the depth of industry expertise and skills of Richard Clayton to behave as Interim CEO. Under Richard’s management we will proceed to advance the main workstreams to re-evaluate the Woodlark Project as beforehand announced.”