- Indiana Resources (IDA) appoints Richard Maish as CEO, effective immediately
- Mr Maish is a highly experienced investment banking executive with a strong background in the resources industry, beginning his career with NAB and rising through the ranks
- In addition, David Ward has been appointed as a Non-Executive Director two directors have resigned to enable the management and board transition
- The company is finalising plans to begin an aircore drill program at Minos to expand the rare earth potential
- Shares in Indiana hold steady at 5.2 cents at 11:52 am AEDT
Indiana Resources (IDA) has appointed Richard Maish as CEO, effective immediately.
Mr Maish is a highly experienced investment banking executive with a strong background in the resources industry.
He rose through the ranks at NAB, ultimately becoming Executive in the NSW Structured & Project Finance Division.
Since 2012, Mr Maish has been the Executive and Chief Financial Officer for drilling services business Australian Mineral & Waterwell Drilling (AMWD).
Alongside that role, he’s also the founding shareholder and an Executive and Chief Financial Officer of exploration and mining company Bacchus Resources.
Commenting on his appointment, Mr Maish called himself a strong supporter of the company.
“With strong connections to a number of significant shareholders of the company, along with the full support of my boards… I know I have a clear mandate to advance the development the rare earth element potential contained within Indiana’s large 100 per cent owned project area.
“I am also excited by the potential of our gold exploration targets along with the EV Metal potential of the Harris Greenstone Belt, that have only been lightly explored to date.”
In addition, David Ward has been appointed as a Non-Executive Director, effective immediately.
Mr Ward is the chief geologist and a shareholder of Bacchus Resources with an extensive career in the resources sector.
Lastly, directors Felicity Repacholi-Muir and Mike Rosentreich have both resigned from their roles with immediate effect to enable the management and board transition.
The company is finalising plans to immediately commence an aircore drilling program at Minos to expand its REE potential.
Shares in Indiana held steady at 5.2 cents at 3:18 pm AEDT.