The Market Online - At The Bell

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

  • Aurelia Metals (AMI) announces the resignation of its Managing Director and CEO, Dan Clifford, effective from the close of business on Friday
  • The company did not detail why Mr Clifford had stepped down from the position
  • Andrew Graham, the company’s current General Manager (Growth), will now step into the role of Interim CEO as the board begins a search for a new leader
  • Mr Clifford’s resignation follows the appointment of Martin Cummings as Aurelia’s new Chief Financial Officer earlier in November
  • Shares in Aurelia Metals are down 6.52 per cent to 10.8 cents at 3:44 pm AEDT

Gold miner Aurelia Metals (AMI) has announced the resignation of its Managing Director and CEO, Dan Clifford, effective from the close of business on Friday.

The company did not detail why Mr Clifford had stepped down from the position but said Andrew Graham, the company’s current General Manager (Growth), would step into the role of Interim CEO as the board began a search for a new leader.

Mr Graham joined Aurelia in March 2022 to focus on the company’s growth projects and brings to the business a broad range of operating and development experience with companies such as BHP, Oz Minerals, Zinifex and MMG.

Mr Clifford will stay on with the company to provide the support required to aid Mr Graham’s transition to Interim CEO.

Mr Clifford’s resignation follows the appointment of Martin Cummings as Aurelia’s new Chief Financial Officer earlier in November.

Aurelia Chairman Peter Botten said the leadership changes within the company came as the company approached a “pivotal milestone” in the development of its Federation project in central New South Wales.

“The board is confident renewal of these two key roles will ensure we have the right skillsets at the helm of the company to recover operational performance and bring the exceptional, polymetallic Federation project into production,” Mr Botten said.

“Beyond Federation, development of the Great Cobar copper project will underpin the company’s future as a base metals producer.”

The company said Mr Clifford’s exit arrangements were “in accordance with contractual obligations”.

Shares in Aurelia Metals were down 6.52 per cent to 10.8 cents at 3:44 pm AEDT.

AMI by the numbers
More From The Market Online
The Market Online Video

ASX Daily Close: ASX matches futures prediction on a green Friday | 21 June 2024

The ASX200 reversed its trend to end the week in the green, up 0.35%. Nearly all…
The Market Online Video

ASX Market Update: Stocks swing from green with energy to remorseful red | 21 June, 2024

The ASX200 came out the gate in the green on Friday, but slipped well below the red line within the first hour of

Week 25 Wrap: No RBA cut yet; India stocks shake off Modi jitters; China concerns remain

The RBA keeps rates on pause; Guzman Gomez falls nearly -5% on Friday; Droneshield's new ATH;…

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

The one defining feature of our post-COVID 'new normal' is a USA swing towards domestic supply…