WA-focused gold and lithium explorer BMG Resources Limited has announced changes to its board and leadership team.
Former non-executive director John Prineas has assumed the role of non-executive chairman, former non-executive chairman Greg Hancock transferred to the role of independent non-executive director, and Bruce McCracken has resigned as managing director.
John Prineas is a senior resource industry executive and has been a non-executive director of BMG since October 2020.
He is BMG’s largest shareholder with a stake of approximately 9.8 per cent.
Prineas is also the founder and executive chairman of St George Mining Limited and founder and non-executive director of American West Metals Limited.
Prineas said: “Bruce McCracken steered the company through this successful period of exploration.
“The Board thanks Bruce for his service to the company and wishes him well in his future endeavours.”
Until the appointment of a new managing director or CEO, Mr Prineas will assume day-to-day responsibilities for BMG matters.
Prineas has held senior roles in the banking and legal sectors, including Country Head of Australia for Dresdner Bank AG (now Commerzbank AG) with a focus on project and acquisition finance for resources and infrastructure projects.
He has worked on funding arrangements and growth strategies for mining companies ranging from global majors to junior explorers.
Prineas also holds a Bachelor of Economics and Bachelor of Laws from the University of Sydney and is a Fellow of the Financial Services Institute of Australasia.
The board of Directors of BMG now comprises:
- John Prineas, non-executive chairman
- Greg Hancock, non-executive director
- John Dawson, non-executive director