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Pacific American Holdings Ltd

Pacific American Coal appoints Mark Sykes to the board

Sykes' board appointment will see him play a vital role in developing the Elko project.

Picture of mountainous area in British Columbia
The board will benefit from Mark Sykes' experience as it moves to exploration at Elko

Pacific American Coal Ltd (ASX:PAK), a North American focused coal group has strengthened its board with the appointment of Mark Sykes as an executive director.

He replaces Paul Chappell who has resigned from the board after nearly 3 years as a non-executive director.

Sykes has been Pacific American Coal’s chief executive officer since 2013, and he has extensive industry experience.

Appointment timely as Pacific American moves towards exploration at Elko

Sykes also has an intimate knowledge of the group’s Elko Coking Coal Project located in British Columbia, Canada where the company is poised to commence exploration.

The Elko hard coking coal asset is 100% owned by Pacific American and includes a total of six coal leases in the East Kootenay Coal Field.

The company also has tenements in application in low volatile bituminous regions of the Arkoma coal basin in Oklahoma.

Sykes to assist in evaluating new opportunities

Geoff Hill, chairman of Pacific American Coal, highlighted the benefits of Sykes’ experience in evaluating new opportunities. 

This has emerged as an increasingly important factor following the strengthening of the company's balance sheet in October.

READ: Pacific American Coal swells cash position after recovering investment

Quick facts: Pacific American Holdings Ltd

Price: $0.03

Market: ASX
Market Cap: $5.62 m
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