Sipa Resources Ltd (ASX:SRI) has tapped experienced mining executive Andrew Muir to take the reins as managing director, effective October 12, replacing Pip Darvall, who is stepping down after a four-year tenure.
Darvall will remain part-time during an interim period to ensure a seamless transition of leadership.
“I’m excited to join Sipa and am looking forward to bringing renewed focus and energy, building on the work by Pip and the team,” Muir said of his appointment.
Considerable expertise
“The company has a compelling portfolio of assets in well-established exploration regions in WA, including strategic JV partnerships.
“I am looking forward to working with the board and management team to unlock value for our shareholders.”
This leadership change aims to leverage Muir's considerable expertise as the company navigates its next phase.
Muir brings a wealth of industry experience to Sipa, with nearly 30 years in mining and finance. He earned his geological credentials in 1993 and has since made significant contributions to gold exploration and project evaluation.
Prior to joining Sipa, Muir served as managing director at NTM Gold Ltd (ASX:NTM), where he was instrumental in the exploration successes leading up to its takeover by Dacian Gold Ltd (ASX:DCN). Most recently, Muir held a position at Caprice Resources Ltd (ASX:CRS).
Muir has an extensive geological background, having contributed to the discovery of the multi-million-ounce Wallaby deposit during his time at Granny Smith operations. His previous roles include stints at Great Central Gold Mines, Placer Dome, and Goldfields Limited.
He has a Bachelor of Science with Honours from the University of Western Australia and is a Fellow of the Financial Services Institute of Australasia (FINSIA).
Chair Craig McGown said: “We are delighted that Andrew is joining our team. Along with the requisite skills and experience to guide Sipa through its next phase of growth, he also has the credentials to be an excellent leader of our company.
“Andrew is a highly qualified geologist with an impressive track record covering a variety of projects and commodities. These attributes, combined with his extensive senior management experience in the resources sector, make him the ideal candidate for the role."
No stone unturned
McGown acknowledged Darvall’s considerable role in the development of the company:
“I would also like to take this opportunity on behalf of the board, management and shareholders of Sipa to extend my appreciation to Pip for his tireless efforts and significant contribution to the company over the past four years.
“He joined at a challenging time, steering Sipa through the twin challenges of losing our joint venture partner at our flagship project in Uganda and COVID. Pip leaves the company in a solid position after the recent sale of our Murchison project.
“He has left no stone unturned in his efforts to progress our projects and to add value for shareholders wherever he could. We wish him all the best for his future endeavours.”