Denis Wood will now assume the role of Chairman of the Company and in this capacity, he thanked John for his contribution and service over the past six and a half years.
The board has also has implemented a number of other cost saving measures including reductions in the workforce and reducing board fees by 30%.
About KGL Resources Ltd
KGL Resources (ASX:KGL) is an Australian mineral exploration company focussed on increasing the high grade Resource at the Jervois Copper-Silver-Gold Project in the Northern Territory and developing it into a multi-metal mine.
KGL Resources Ltd