Proactive Investors - Run By Investors For Investors

Azumah Resources appoints two new directors to board

27,970 metres were drilled in the recent June quarter at the Wa Gold Project.
empty board room seats
The company has a $17 million project funding arrangement with Ibaera Capital

Azumah Resources Ltd (ASX:AZM) will replace the outgoing Geoff Jones with two new board appointments aimed at supporting development and financing of the Wa Gold Project in Ghana.

The new directors are Debra Bakker, banking and project financier and Linton Putland, mining consultant and private equity adviser.

Drilling completed in the June quarter

READ: Azumah Resources delivers proof of concept for feeder zone at Wa Gold Project

Azumah’s non-executive chairman Michael Atkins said: “Managing director Stephen Stone and myself wish to pay a very special tribute to Geoff Jones for his considerable and constructive contribution to the company this past nine years, and especially his invaluable guidance on African project development.

“With Azumah’s Wa Gold Project in Ghana accelerating towards a development and financing decision in 2019 we have opted to make two new appointments and are extremely pleased to welcome highly experienced banking and project financier, Debra Bakker, and mining consultant and private equity adviser, Linton Putland to the Azumah board”

“We look forward to them playing critical roles in the company’s growth and to its innovative partnership with private equity group, Ibaera Capital.”

New board members bring valuable skillsets

Importantly, the new appointments are consistent with progress towards development and financing decision in 2019 for Wa Gold Project.

Bakker has more than 25 years’ experience as an international banker, deal maker and advisor to the resources industry.

She has held various senior positions with Commonwealth Bank of Australia, Standard Bank London Group and Barclays Capital in Sydney, London, New York, Chicago and, since 2003, Perth.

Putland is a mining professional with more than 30 years’ experience in technical, operational and managerial roles.

These roles have centred on open pit and underground operations covering a wide range of commodities in Australia and overseas, including several campaigns in Africa.

Priority drill targets and planned drilling for current September quarter

View full AZM profile View Profile

Azumah Resources Ltd Timeline

Related Articles

A drill rig
January 16 2019
Sophisticated investors have served up $15 million for the drilling effort.
South America's prospective lithium triangle extends upwards from Argentina, across Chile and to Bolivia
February 01 2019
Galan is named for the Cerro Galán volcano system near its Argentinian ground.
A vanadium ore stockpile at Nelly
August 31 2018
The country’s favourable regulatory system enables faster turnaround of legacy mining rights.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

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