Ausmex Mining Group (ASX:AMG) founding directors resign

• Three of Ausmex Mining Group’s (AMG) founding directors have resigned from their positions, effective immediately
• In the market announcement disclosing the resignations, Ausmex did not detail why Matt Morgan, Geoff Kidd, and Dr Andrew Firek chose to leave
• Additionally, the company has also appointed Trevor Coombe to its board as a Non-Executive Director
• Furthermore, Ausmex has promoted director Aaron Day to the interim position of acting Managing Director, where he’ll receive $175,000 a year
• Ausmex Mining Group shares are grey at market open, trading for 3.3 cents per share

Three of Ausmex Mining Group’s (AMG) founding directors have resigned from their positions, effective immediately.

In the market announcement disclosing the resignations, Ausmex did not detail why Matt Morgan, Geoff Kidd, and Dr Andrew Firek chose to leave. Instead, Ausmex thanked them for their contributions and wished them well for the future.

Despite these losses, the company also announced a number of additions and promotions to its executive team. Ausmex appointed Trevor Coombe to its board as a Non-Executive Director, effective immediately.

Prior to joining Ausmex, Trevor was the Managing Director of Young Australia Mines, previously known as Moly Mines. 

During his career, he has also been the CEO of the Kurri Kurri aluminium smelter in the Hunter Valley in New South Wales. Under his stewardship, it was one of the largest industrial complexes in the state, with up to 2000 workers.

Before he entered the aluminium industry, Trevor spent 30 years working in the mining industry. During this time, he was the CEO of Savage Resources’ coal mining operation at the Liddell Mine in the Hunter Valley. Trevor was also the General Manager of Pasminco’s silver-lead-zinc-gold-copper mining operations at Rosebery in Tasmania.

Much of his early career was spent at Broken Hill and Cobar, where he spent substantial parts of that period as the Senior Mining Engineer for the Lady Loretta joint venture in the Cloncurry region.

Ausmex has also promoted one of its directors, Aaron Day, to the interim position of Acting Managing Director, effective immediately. He will receive a gross salary of $175,000 a year, excluding superannuation contributions.

However, Aaron and Ausmex can both terminate the appointment without cause at any time, with six months’ notice.

Ausmex Mining Group shares are grey at market open, trading for 3.3 cents per share.