Rohan Williams Appointed Executive Chairman
Perth, Mar 14, 2014 AEST (ABN Newswire) - The Board of Dacian Gold Limited (
ASX:DCN) advises Chairman, Rohan Williams has assumed the role of Executive Chairman of the Company. As part of the management restructure, Dacian's current CEO and Managing Director, Mr. Paul Payne, will today leave the Company.
The Board would like to thank Mr. Payne for his contribution to the Company since its listing in November 2012, and wish him the best for the future.
Mr. Williams has more than 25 years of experience in exploration, mining and public company management. He was previously CEO and Managing Director of Avoca Resources Ltd, overseeing its growth during a 9 year period from a $7 million IPO to a +$1 billion ASX 200 gold producer.
The Board of Dacian now comprises:
Mr. Rohan Williams Executive Chairman
Mr. Barry Patterson Non-executive Director
Mr. Rob Reynolds Non-executive Director
About Dacian Gold Ltd
Dacian Gold Limited (
ASX:DCN) Mt Morgans Project hosts high grade Mineral Resources of 2.1 million ounces at an average grade of 2.6 g/t gold, including Ore Reserves of 136,000 ounces at an average grade of 6.2 g/t gold. In addition, the Company has identified multiple exploration targets and resource extension opportunities. If proven, they will enable growth of the Mt Morgans' existing Mineral Resource and Ore Reserve base.
Dacian's strategy at Mt Morgans is evolving toward mine feasibility and potential mine development. It has identified two large mineralised systems at Westralia and Jupiter where it believes mine development at each site is a possibility, and will be the subject of ongoing drilling and feasibility studies. Dacian considers a high grade Ore Reserve of at least 600,000 ounces of gold is reasonably likely to provide sufficient returns to justify the investment capital required to construct an ore processing facility at the project.
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