Alto Metals Ltd (ASX:AME) has appointed Matthew Bowles a non-executive director of the company following the resignation of executive director Dermot Ryan.
Bowles is a senior corporate finance executive with extensive corporate advisory, private equity and capital markets experience in the resource sector.
Ryan’s resignation is effective immediately and he has agreed to assist the company on a consultancy basis as requested.
Alto has also removed Patrick Holywell from the position of chief financial officer and company secretary as announced February 18, appointing Graeme Smith as company secretary.
Beginning his career with Rio Tinto, Bowles worked in several corporate and commercial roles for nine years before moving to London to work in banking and finance.
He has successfully negotiated domestic and cross-border corporate funding, joint venture and M&A transactions for ASX-listed companies in Africa, the Americas and Australia.
Since returning to Australia, he has held senior roles in global advisory firms with a focus on the resources sector.
Bowles is a member of CPA Australia and the Financial Services Institute of Australasia, holds a bachelor of business and is currently the chief executive officer of Tanga Resources Ltd (ASX:TRL).
READ: Alto Metals’ historical drilling data confirms high-grade gold at Sandstone North
Alto holds about 800 square kilometres of prospective ground in the Archaean Sandstone Goldfield in the East Murchison mineral field of WA.
Since acquiring the project in 2016, the company has compiled and reviewed a large legacy database ahead of a series of focused exploration and drilling campaigns.
Alto’s goal is the delineation of a plus-1 million-ounce JORC mineral resource that could become the basis for the re-establishment of standalone oxide and primary gold mining and milling operations.