Proactive Investors - Run By Investors For Investors

Rimfire Pacific Mining managing director John Kaminsky to retire, Craig Riley appointed CEO

Kaminsky has led Rimfire through many milestones, including the greenfields discovery of Sorpresa at Fifield in 2010 and the subsequent JORC resource in 2014.
Rimfire Pacific Mining managing director John Kaminsky to retire, Craig Riley appointed CEO
Rimfire managing director John Kaminsky

Rimfire Pacific Mining NL (ASX:RIM) managing director John Kaminsky is to retire from his position at the end of January after 13 years with the company

He will stay on as a non-executive director until March 31, 2019, and will continue to contribute his knowledge and skills as a consultant for the next 12 months.

From February 1, the company will appoint current business development manager Craig Riley to the chief executive officer position to advance the monetisation of Rimfire’s Sorpresa deposit.

Non-executive director Ramona Enconniere will also retire from the board on January 31.

READ: Rimfire Pacific Mining to assess Sorpresa discoveries this quarter

Rimfire chairman Ian McCubbing said “The board is very appreciative of the tremendous contribution John has made as Rimfire’s managing director over the years.

“We look forward to John continuing to contribute to the success of the company over the next 12 months.

“The board also express their gratitude for the contribution Ramona has made to the company over many years.

“The company is well-positioned to move forward seamlessly as it implements the succession plan put in place by the board and managing director.”

 

Rimfire’s dual development strategy includes making new regional discoveries and appraising its Sorpresa gold and silver asset in the central west of New South Wales.

A technical and economic assessment for Sorpresa is a priority for Rimfire which raised $1.1 million last November to advance development.

The company’s board participated in the rights issue with McCubbing, Kaminsky, Enconniere and non-executive director Andrew Greville all buying shares.

READ: Rimfire Pacific Mining identifies high-priority target with potential to host gold mineralisation

Rimfire’s wholly-owned Fifield project is located along the Lachlan transverse zone, where Rimfire has 915 square kilometres of tenement land.

Five mines and a copper-gold processing plant are positioned about 200 kilometres northwest of Rimfire’s tenure, along the zone.

Sorpresa’s resource consists of 125,000 ounces of gold and 7.9 million ounces of silver.

View full RIM profile View Profile

Rimfire Pacific Mining NL Timeline

Related Articles

Ovoot Early Development Project in Mongolia
March 05 2019
Gina Rinehart’s Hancock Prospecting has gone all in with a bid for another company targeting similar annual production levels.
Archer quantum computing technology
April 16 2019
As part of its advanced materials strategy, the company is progressing a graphite-to-graphene beneficiation strategy.
Supersaturated brine flows from the Long Canyon No 2 well to the cuttings pit
April 16 2019
The company has a $1.65 million commitment from a strategic investor and is rattling the tin for a further $1.35 million.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use