Yandal Resources Ltd (ASX:YRL) is implementing a succession plan for the board and senior management that will provide a strong platform for ongoing success across its highly prospective gold projects in the Western Australian Goldfields.
This plan will see Chris Oorschot, who began with Yandal as exploration manager in March 2023 and joined the board as technical director in September 2023, assume the role of managing director and CEO from July 1, 2024.
Current managing director and CEO Tim Kennedy will continue with the company as a part-time executive director for the remainder of 2024 and in this capacity will support Oorschot in corporate and technical matters to ensure a smooth transfer of responsibilities.
This succession plan will help to ensure ongoing managerial and exploration excellence.
Focused on exploration
The arrangement will allow the company to stay focused on conducting aggressive exploration programs while maintaining the highest technical standards. Oorschot is well supported by senior exploration geologist Dr Anthony Morey.
The company is currently drill testing key prospects at its Ironstone Well-Barwidgee Gold Project, about 50 kilometres south of the Jundee Mine of Northern Star.
With ~$7.3 million of funds available at March 31, 2024, the company is well positioned to continue its high level of exploration activity through 2024.