Yandal Resources Ltd (ASX:YRL)’s new managing director and CEO Tim Kennedy has assumed his new position today.
Kennedy takes over from Lorry Hughes, who will continue with the company as a non-executive director until May 17 to facilitate a smooth transition.
The board also advises that highly regarded corporate executive Gregory Evans has been appointed as non-executive chairman of the company starting today.
Corporate and mining know-how
Evans has more than 25 years of experience advising corporates, boards, directors, executive management teams, providers of debt and equity and other financial sponsors on capital raisings, mergers and acquisition transactions, equity and debt structuring, public offers, takeover defence, strategic options and growth strategies.
He specialises in energy and natural resources, with a particular focus on the mining sector.
Evans has a Bachelor of Commerce, a Diploma in Applied Finance and is a Graduate of the Australian Institute of Company Directors. He is currently part-time principal director – Mergers and Acquisitions with KPMG Australia as well as chief investment officer/executive director of a private family office.
Busy year of exploration
Commenting on these changes, Kennedy said: “Yandal Resources is entering an exciting new phase.
“Thanks to the outstanding efforts of Lorry and the team we have a strong pipeline of projects ranging from early-stage targets through to the definition of initial resources.
“Importantly we have a number of prospects where recent first pass and follow-up drilling has confirmed high-grade gold mineralisation indicating high potential for significant discoveries.
“We are very pleased that Greg has accepted the position of chairman for this important new phase for the company. His extensive experience in working with resource companies to pursue successful growth strategies together with his strong network in the commercial and finance sector will be a great asset to the company.
“We have a very busy year of exploration mapped out for 2022 and we look forward to updating shareholders as to our progress.”
About Yandal Resources
Yandal Resources is a gold exploration company that sports a portfolio of advanced gold projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts.
The company has a strategy of aggressively exploring a number of highly prospective areas to make multi-million ounces discoveries.
Yandal owns the prospective Ironstone Well projects, which include eight contiguous mining, exploration and prospecting licences covering 472 square kilometres in the northern part of the prospective Yandal Greenstone Belt.