Pacgold has appointed Matthew Boyes as managing director and CEO, commencing Sept. 1.
The strategic move aims to leverage Boyes' extensive experience in company management, mine geology, and business development to propel the company forward.
Boyes brings over 25 years of international experience to the table.
His background spans various facets of the minerals industry, including mine development and capital markets.
Pacgold Chair, Cathy Moises, expressed the board's enthusiasm for Boyes' appointment. "The Pacgold board are excited to welcome Mr. Boyes to our team. We feel that Matt has the ideal skill set to continue to drive the company forward."
The announcement also appreciated the efforts of the current MD/CEO, Tony Schreck, and Exploration Manager, Geoff Lowe, acknowledging their significant contributions to the company.
The board is optimistic about the collaboration between Boyes and Lowe to ensure continuity in the company's progress.
Boyes' compensation package is designed to align with Pacgold's long-term goals, including share price growth and the achievement of key operational and commercial milestones.
Pacgold is an ASX-listed gold exploration company focused on progressing its key asset, the Alice River Gold Project in North Queensland. The project comprises a portfolio of eight mining leases and five exploration permits.
At the time of reporting, Pacgold’s share price was $0.10.