- Pathfinder Resources (PF1) appoints Hugh Callaghan to the role of Managing Director, effective immediately
- The new appointment follows Shannon Green’s resignation from the position in September
- Previously a non-executive director of the company, Mr Callaghan will now move to a full time role and receive $275,000 pursuant to his executive services agreement
- He is said to have extensive experience advising mining projects across base, precious metals and bulk minerals in the Americas
- Company shares have been trading 1.8 per cent higher at 28.5 cents
Pathfinder Resources (PF1) has appointed Hugh Callaghan to the role of Managing Director, effective immediately.
The new appointment follows Shannon Green’s resignation from the position in September.
Previously a non-executive director of the company, Mr Callaghan will now move to a full time role and receive $275,000 pursuant to his executive services agreement, which replaces his previous letter of engagement.
Additionally, he may be awarded performance-based bonuses, taking into account such key performance indicators that the company may set.
Mr Callaghan brings “significant” experience to his new role following work that involved advising mining projects across base, precious metals and bulk minerals in the Americas, and previously leading teams that built a silver, zinc and lead mine in Mexico, and prior to that a copper mine in Chile.
Pathfinder Resources also believes his proximity to the company’s South American assets will assist in advancing the King Tut Project.
Moreover, Mr Callaghan isn’t a stranger to the role with previous experience as the Director of Equinox Resources (EQN), prior to which he was Director of Acacia Coal, GSF Corporation, Tamaya Resources and Riversdale Mining.
Non-Executive Chairman of Pathfinder Sufian Ahmad said the company is pleased to welcome Hugh to the new role just as plans are underway to advance PF1’s Argentinean assets and evaluate other high quality exploration opportunities”
Shares were trading 1.8 per cent higher at 28.5 cents at 12:45pm AEDT.