Join our daily newsletter At The Bell to receive exclusive market insights
- Ora Banda Mining (OBM) has appointed Peter Nicholson as CEO, effective April 2
- Current CEO and Managing Director David Quinlivan will remain in both positions until then
- After April 2, David will retain his position as Managing Director, which he will eventually relinquish in the short-to-medium term
- Once this happens, he will become a Non-Executive Director, with Peter also taking on the role of Managing Director
- Peter has 25 years’ experience across the operational, mine management and mining service sectors
- His previous roles include Partner and Managing Director of Australia at Resource Capital Funds and Resident Manager, Underground Manager and Business Development Manager at Lion Ore Australia
- Ora Banda is up 5.36 per cent on the market and shares are trading at 29.5 cents
Ora Banda Mining (OBM) has appointed Peter Nicholson as CEO, effective April 2.
Current CEO and Managing Director (MD) David Quinlivan will remain in both roles until then and will continue as Managing Director in the short-to-medium term.
Once David relinquishes his role as MD, David will become a Non-Executive Director, and Peter will become the company’s Managing Director.
“This is a significant appointment for Ora Banda and we look forward to welcoming Peter to the company and benefiting from his diverse suite of skills,” Chairman Peter Mansell said.
“David took on the role as MD and CEO of Ora Banda on an interim basis at the time of the administration of the Eastern Goldfields. It was not a role that he was seeking, but it is a role he has performed exceptionally well and with passion,” he added.
Peter has 25 years’ experience in the operational, mine management and mining service sectors.
He will be joining Ora Banda from Resource Capital Funds, where he served as Partner and Managing Director of the financial consultant’s Australian arm.
Peter has also held the roles of Resident Manager, Underground Manager and Business Development Manager at Lion Ore Australia, and Underground Manager at WMC Resources.
“I am excited to be joining the team at Ora Banda. The company is a debt free new gold producer with a large tenement holding in a prolific gold producing region,” Peter commented.
“With available cash to fund exploration of the numerous near mill and regional targets, I am confident of the company’s success well into the future,” he added.
Ora Banda is up 5.36 per cent on the market and shares are trading at 29.5 cents at 2:37 pm AEDT.
