Catalyst Metals Ltd has started a transition plan for its Board of Directors with non-executive chairman Stephen Boston advising of his intention to retire.
Boston indicated his intentions after serving 14 years as chair and having consideration for the company’s operating requirements after its consolidation of the Plutonic Gold Belt in Western Australia.
Non-executive director Robin Scrimgeour will act as interim chair during the board transition process with he and Bruce Kay leading the search for a new non-executive chairman.
Led company transformation
During his tenure as chairman Boston led the transformation of Catalyst from a junior explorer to that of a new mid-tier Australian gold producer.
In this regard, he has played a pivotal role in growing the company from a fledgling exploration company to a larger more stable gold producer, which included securing support from key investors such as Hancock Prospecting Pty Ltd and St Barbara Ltd.
This has supported Catalyst’s exploration efforts in the Bendigo Goldfields of Victoria, a number of financings at different points in the company’s life, the acquisition of the Henty Gold Mine, the formation of a new management team and ultimately the consolidation of the Plutonic Gold Belt.
Through each step, Boston has progressively sought to increase the size and capability of the company in the hope of giving shareholders every opportunity to realise the maximum potential possible that it believes lies beneath the Bendigo Goldfields along with subsequent other projects.
“A significant contribution”
In thanking Boston for his leadership over the past 14 years, the company’s board stated: "It is no secret Steve has made a significant contribution to Catalyst.
"Always with shareholders’ interests in mind, he has sought to build a company that can manage the trials and tribulations of this often challenging industry.
"Steve has long recognised that as Catalyst continues to grow, it is important to ensure the board has the appropriate balance of experience for its future.”
“Very pleasing to be involved”
The retiring chairman said: “It has been very pleasing to be involved in the transformation of Catalyst over the past 14 years.
"Catalyst has progressed from an exploration company to a now diversified gold producer with a pipeline of development and growth opportunities.
"I look forward to working closely with the new chairman to effect a smooth transition.”
Catalyst gold assets
As part of a multi-asset strategy, Catalyst Metals has properties in three highly prospective Australian gold belts.
It owns the 40-kilometre-long Plutonic-Marymia Gold Belt in Western Australia hosting the Plutonic gold mine and neighbouring underexplored, high-grade tenements.
Catalyst also owns and operates the high-grade Henty Gold Mine in Tasmania lying within the 25-kilometre Henty gold belt and which has production to date of 1.4 million ounces at 8.9 g/t gold.
The company also controls +75 kilometres of strike length immediately north of the +22-million-ounce Bendigo goldfield and home to the new, greenfield discovery at Four Eagles.