Join our daily newsletter At The Bell to receive exclusive market insights
- Petratherm (PTR) appoints its former Exploration Manager Peter Reid as its new CEO among a series of senior appointments announced today
- Today’s appointments include Simon Taylor as Non-Executive Director, effective today and Barry van der Stelt as Exploration Manager, effective January 30
- The company says the new appointments will give it extra capacity to continue generating high value project opportunities and increase its market profile
- Shares in Petratherm hold steady 6.7 cents at 12:49 pm AEDT
Petratherm (PTR) has appointed former Exploration Manager Peter Reid as its new CEO among a series of senior appointments announced to the ASX this morning.
Mr Reid has been the company’s exploration manager since August 2018 and was most notably a part of the original Minotaur Resources team which discovered the world-class Prominent Hill copper-gold deposit.
Mr Reid was also the founding CEO of Petratherm after it listed on the ASX in 2004.
Also joining the board is Simon Taylor as Non-Executive Director, effective today and Barry van der Stelt as Exploration Manager, effective January 30.
Mr Taylor is a resources industry executive with over 30 years’ experience in geology, finance and corporate management at CEO and Board levels.
In addition to his experience as a resource professional, he has advised companies at the corporate level on capital management, acquisitions, promotions and strategies to add shareholder value.
Mr Taylor is based in Sydney which the company said will significantly raise its profile and reach into the important eastern seaboard capital markets.
Mr van der Stelt is a highly experienced geologist with over 30 years of experience in the industry, including work in exploration, project generation, resource development and strategic planning.
For the last eight years, he managed the Chimera project for Minotaur Exploration (and then Demetallica) which led to the discovery of the Jericho copper-gold deposit, as well as several other significant copper-gold and base metal prospects in the region.
The company said the new appointments will allow the extra capacity needed to continue to generate new high value project opportunities and significantly increase PTR’s corporate and investor market profile.
Additionally, PTR believes it is well positioned heading into 2023 to hit the ground running with an “active, high quality” exploration campaign aimed at maximising the value of its project portfolio which has strong upside potential.
Shares in Petratherm held steady 6.7 cents at 12:49 pm AEDT.
