The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Apollo Minerals (AON) appoints Neil Inwood as Managing Director and John Welborn as Non-Executive Chairman, effective immediately
  • The appointments provides the company with “focused and experienced” leadership following “positive” exploration success at the Kroussou Zinc-Lead Project in Gabon
  • Mr Inwood was an Executive Director of Apollo in February 2021 and has been instrumental in establishing the company’s drilling and exploration programs at Kroussou
  • Mr Welborn was appointed as a Non-Executive Director of Apollo the same time and is a highly accomplished and internationally respected resource company director
  • AON shares were up 14.8 per cent, trading at 9.3 cents

Apollo Minerals (AON) has appointed Neil Inwood as Managing Director and John Welborn as Non-Executive Chairman, effective immediately.

The appointments provide the company with “focused and experienced” leadership following “positive” exploration success at the Kroussou Zinc-Lead Project in Gabon.

Mr Inwood was appointed as an Executive Director of Apollo in February 2021 and has been instrumental in establishing the company’s drilling and exploration programs at Kroussou and lead the growth in the developing large-scale Dikaki discovery.

With over 25 years’ international experience in the exploration and mining industry, Mr Inwood has had significant management, consulting and venture capital experience.

His remuneration package includes a salary of $300,000 per annum plus statutory superannuation contributions and granted long-term incentives such as a million performance rights upon the completion of the delineation of an exploration target, subject to shareholder approval.

Mr Welborn was appointed as a Non-Executive Director of Apollo the same time as Mr Inwood and is a highly accomplished and internationally respected resource company director with significant relevant experience.

He is a Fellow with numerous organisations and has operated extensively in West and Central Africa, including the successful development and operation of mining projects in Mali, the Ivory Coast and the Republic of Congo.

Previous Chairman Ian Middlemas remains on the company’s Board as a Non-Executive Director and one of the company’s largest shareholders.

AON shares were up 14.8 per cent, trading at 9.3 cents at market close.

AON by the numbers
More From The Market Online
Image of gold chips

Great Boulder de-risks Side Well project with 98.7% gold recovery for Mulga Bill

Great Boulder Resources Ltd has shown that high gold recoveries with moderate levels of cyanide consumption…
Lithium ion battery with the Brazilian flag

Gold Mountain shares up 50% on drill target definition at Salinas II lithium play

Gold Mountain Resources Ltd has recorded a strong share market performance on the news based on…
The Market Online Video

ASX Market Update: Bourse inches higher after paring gains | January 15, 2025

The Discretionary sector has been leading the market higher, up 0.6%, followed by Real Estate, up…
Two men shaking hands

ABx secures Tasmanian industrial facility from Rio Tinto for pilot plant

ABx Group Ltd has secured an industrial facility in Bell Bay, Tasmania, where it aims to…