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- Pioneer Resources (PIO) has appointed a new CEO and Independent Non-Executive Director effective from January 24, 2020
- Timothy Spencer will be replacing David Crook who is stepping down as CEO after 16 years in the role
- Paul Payne will also be joining the company as Independent Non-Executive Director
- He is currently a non-executive director of Carnaby Resources and Dreadnought Resources
- Pioneer’s share price is steady today with shares trading for 1.4 cents apiece
Pioneer Resources (PIO) has appointed a new CEO and Independent Non-Executive Director effective January 24, 2020.
Experienced mining executive Timothy Spencer, who has been with the company since October 2017, will be appointed as CEO.
Timothy has previously held the roles of Chief Financial Officer and Company Secretary and he will be replacing David Crook who is stepping down after 16 years with Pioneer.
David’s achievements with the company include the discovery of the Mt Jewell gold deposit, the purchase of the Acra Gold Project, and the discovery of the Sinclair pollucite deposit.
More recently he has overseen the discovery of the Pioneer Dome North lithium prospects which present promising growth opportunities for the company moving forward.
Timothy has over 25 years’ experience in the resources and precious metals sectors including executive roles in the development of two gold mines through to production.
He played a key role in ensuring that the Sinclair Mine delivered both commercially and operationally.
He also negotiated the Sinclair off-take transaction with Cabot Specialty Fluids, and the Kangan Gold JV with Novo Resources and Sumitomo.
“I would like to sincerely thank David for his valued service to the company over a long period of time and through many different cycles in the junior resource sector,” Chairman Craig McGown said.
“He leaves Pioneer with a strong balance sheet, excellent lithium and nickel projects, gold upside in the form of free-carried interests in gold projects with reputable joint venture partners, and a very competent exploration team in place,” he added.
Pioneer will also be appointing Paul Payne as Independent Non-Executive Director.
Paul is an experienced geologists with a strong background in technical work, and experience as a senior executive and board member.
He was the founding Managing Director of Dacian Gold and is currently a non-executive director of Dreadnought Resources and Carnaby Resources.
“Their [Timothy and Paul] expertise, supported by the existing board and technical team, will ensure that Pioneer has the corporate, operational and technical capability to advance its flagship Pioneer Dome North Lithium Project as well as its nickel sulphide projects in the Kambalda region to the next level,” Craig said.
Pioneer’s share price is steady today with shares trading for 1.4 cents apiece at 2:27 pm AEDT.
