Join our daily newsletter At The Bell to receive exclusive market insights
- Black Dragon Gold (BDG) appoints Mr Gabriel Chiappini as CEO amidst board restructure, effective March 1, 2022
- The appointment comes with a salary of $250,000 per year with five million performance rights
- Mr Chiappini comes to the organisation with over 20 years’ experience working in key strategic roles in both public and private companies
- His appointment is one of several board and management changes including Paul Cronin who is now the company’s Non-Executive Chairman from Executive Director
- On market close, BDG shares were up 31.2 per cent at eight cents per share
Black Dragon Gold (BDG) has appointed Mr Gabriel Chiappini as CEO amidst a board restructure, effective from March 1, 2022.
Mr Chiappini comes to the organisation with over 20 years’ experience working in key strategic roles in both public and private companies.
The appointment comes with a salary of $250,000 per year with five million performance rights.
Mr Chiappini had founded and held the position of Director at Black Rock Mining, a graphite development company with the Mahenge Graphite Project in Tanzania whose current market capitalisation is $200 million.
He was also instrumental as director of Ioneer, helping with the acquisition of and development of the Rhyolite Ridge Lithium-Boron Project in Nevada, whose current market capitalisation is $1050 million.
Mr Chiappini joined BDG as a consulting Company Secretary and was appointed Chief Financial Officer in 2020.
BDG believes that he brings “a wealth of coporate experience” to BDG.
“Gabriel has been part of the Black Dragon executive team for approximately 3 years, and clearly understands the very real opportunity Salave presents as a world-class gold project, with ability to significantly re-rate Black Dragon once its value is unlocked through the permitting process,” says Mr Paul Cronin, Non-Executive Chairman of BDG.
“We have every confidence this can be achieved, and trust he’s the right choice to continue driving this process.”
Mr Chiappini has made it known that he will hit the ground running when he comes into his new role.
“Black Dragon’s strategic focus and most accretive milestone is to progress the
permitting of the Salave Gold Project,” he mentions.
“As part of this focus, we will continue our dialogue and co-operation with the Government of the Principality of Asturias, and the Spanish Government.
“We will also advance and continue developing the project via a pre-feasibility study to be undertaken following the finalisation of the Environmental Impact Assessment approvals by the Government in the Principality of Asturias in Spain.”
His appointment is one of several board and management changes including Paul
Cronin moving from Executive Director to Non-Executive Chairman and Jo Battershill moving from Non-Executive Chairman to Non-Executive Director.
On market close, BDG shares were up 31.2 per cent at eight cents per share at 12:36 pm AEDT.
