Board Changes and Acquisitions Advisor Appointment
- Peter Wall has been appointed as Non-Executive Director and Chairman - significantly experienced commercial and corporate lawyer and director of ASX listed companies, who is focused on resources, equity capital markets and mergers and acquisitions, including cross border transactions.
- Klaus Eckhof has stepped down as Chairman of the Company, and has been appointed as Technical Advisor, Acquisitions.
- Argent positioned for next phase of growth with increased exposure to potential deal flow together with augmented board and corporate capabilities for assessing and managing acquisitions.
In order to facilitate the new growth phase, Klaus Eckhof has relinquished his position as Non-Executive Director and Chairman to transition into the new role of Technical Advisor, Acquisitions. The new role will allow Klaus, as a highly credentialed and well-connected mining executive, to focus his contribution to Argent on assisting the Company to identify and assess potential acquisition opportunities.
Peter Wall LLB BComm MAppFin FFin has been appointed as Non-Executive Director and Chairman of Argent.
Mr. Wall is an experienced corporate lawyer and has been a Partner at Steinepreis Paganin (Perth-based corporate law firm) since July 2005. Mr. Wall has a wide range of experience in all forms of commercial and corporate law, with a particular focus on resources (hard rock and oil/gas), equity capital markets and mergers and acquisitions. He also has significant experience in dealing in cross border transactions. Mr. Wall is an experienced company director and serves as the Chairman or Non-Executive Director of a number of ASX listed entities.
The Company considers that the addition of Peter to the board and retaining Klaus's expertise adds to the Company's ability to identify, assess and negotiate potential acquisitions and manage the next phase of development of the Company's Kempfield project.
About Argent Minerals Limited
Argent Minerals Limited (ASX:ARD) is an Australian publicly listed company with a 100% interest in a silver/gold project at Kempfield NSW. Work is underway on the preparation of an EIS and a feasibility study for the first stage of the project which will involve heap leaching some 8.8 million tonnes of mainly oxide and transitional material to produce over 9.5 million ounces of silver and 15,000 ounces of gold over a 5 year mine life. Argent is also earning up to a 70% interest in two other NSW projects - gold at West Wyalong and base metals at Sunny Corner.
Argent Minerals Limited