Management changes have been made at the helm of gold producer Wiluna Mining Corporation, after a successful capital raising.
Upon mutual agreement with the company, Milan Jerkovic has stepped down as executive chairman and resigned from the Board of Directors.
Rowan Johnston has been appointed interim non-executive chairman and Michael Monaghan has been appointed as acting chief executive officer.
They will be supported by Robert Ryan as acting chief operating officer with a team on-site led by Jon Pluckhahn.
The company’s Wiluna Mining Operation has 5.53 million ounces of resources and 1.29 million ounces of reserves set within a 1600 square kilometre tenement package in the Northern Goldfields of Western Australia.
Wiluna said the renewed focus of the new team is to reset the mine plan to take advantage of the gold resource reported at the Wiluna operations.
“With the new flotation plant producing saleable concentrate and operating at a higher than name-plate capacity and improved specifications, the question of metallurgy has been answered,” Johnston said.
“The gold is there, it can be extracted and recovered.
“With most of the upfront capital expenditure on the WilTails project already spent and its commissioning currently being targeted for October 2022, we will have a further revenue stream coming online.
“Now we will focus on finalising a realistic, executable mine plan over the coming months that will provide a return to our shareholders, whilst also ensuring a focus on cost management.”
