Stellar Resources Ltd (ASX:SRZ) has appointed Andrew Boyd to its board of directors effective from the conclusion of the AGM to be held on November 30, 2023, and has extended the closing date to participate in the share purchase plan (SPP).
Andrew Boyd — a geophysicist with more than 25 years of exploration and mining experience — will join the Stellar board as a non-executive director.
Most recently, he worked closely with Stellar’s non-executive chairman Simon Taylor as general manager exploration of Oklo Resources Ltd when it was acquired by B2Gold (NYSE:BTG) Corp.
Boyd, a member of the Australian Institute of Geoscientists, has a successful track record for discovery and success as a leader of teams adding significant shareholder value.
His career also includes extensive African experience as former general manager of geoscience with ASX companies Oklo Resources and Papillon Resources, which were acquired by B2Gold in 2022 and 2014 for around $90 million and $520 million respectively, and Mantra Resources (ASX:MRU), acquired by ARMZ in 2011 for about $1 billion.
As part of the changes to the board, directors Gary Fietz and Dr Tom Whiting will both step down effective from the conclusion of the AGM. Fietz will continue in a consulting role providing operational and technical management services.
Stellar chairman Simon Taylor said: “It is a great pleasure to welcome Andrew to the board of Stellar Resources.
"Having worked closely with him previously he brings significant experience and expertise to the company not only at a technical level but in adding shareholder value.
"I would like to thank both Gary and Tom for their valuable contribution over the years as board members and wish them well in future endeavours and look forward to their continued valued input as consultants to the company.”
Share purchase plan extended
The company also advises that the closing date for shareholders to participate in the share purchase plan (SPP) will be extended until December 8, 2023.