Ora Banda Mining Ltd (ASX:OBM)’s managing director and CEO Peter Nicholson has stepped down from his leadership post.
Following the gold stock’s $20 million capital raise and accelerated exploration campaign, Nicholson decided now is the time to seek out new challenges in the resources space.
Nicholson officially ceased in the roles on Wednesday, April 6, but will receive his contractual and legal entitlements.
It now means the hunt for a new chief executive is on, and Ora Banda’s general manager of resource development Andrew Czerw has agreed to serve as interim CEO during the recruitment process.
Speaking to Nicholson’s departure, Ora Banda chairman Peter Mansell said: “Since joining Ora Banda over a year ago, Peter has led the company through a challenging period.
“On behalf of the board, I would like to thank Peter for his outstanding commitment and wish him the best for his future endeavours.”
Interim leadership
Stepping into the interim chief executive role, Andrew Czerw boasts more than 30 years of domestic and international industry experience.
His previous roles include general manager for Tanami Gold NL (ASX:TAM), director of operations for Tectonic Resources Ltd and chief geologist for Emperor Gold Mining Company Ltd.
Czerw holds a Bachelor of Applied Science, majoring in Geology, and his interim service agreement is being finalised.
About Ora Banda
Ora Banda is a gold exploration and development company that owns the Davyhurst gold play in WA’s iconic Eastern Goldfields.
Davyhurst is just 120 kilometres northwest of Kalgoorlie, a region that’s home to numerous large-scale gold deposits. OBM’s assets are also prospective for battery metals like nickel, copper and lithium.
The gold stock’s current resource inventory stands at 2 million ounces, grading at roughly 2.7 g/t gold, while its reserves host 470,000 gold ounces at 2.4 g/t.
OBM also owns a centralised, 1.2-million-tonne-per-annum processing hub, as well as additional infrastructure at Davyhurst.