Mid‐tier gold producer and exploration company Gold Road Resources (ASX: GOR) advises that Justin Osborne, Executive Director – Discovery and Growth has stepped down from the Board of the Company and will be leaving Gold Road after almost eight successful years with the Company.
Mr Osborne has resigned from the Board of the Company, however, he will continue as an employee with Gold Road until 1 July 2021 to smoothly transition his responsibilities.
Mr Osborne’s Director position will not be replaced with the Board having adequate skills to provide strategic oversight.
Gold Road’s Chairman, Timothy Netscher said:
“I wish to thank Justin on behalf of the Board and all of the Gold Road team for his service to the Company. Over his time as a senior leader in the business, Justin has led the discovery and resource development of the world-class Gruyere gold deposit, assisted with the progressive feasibility studies of Gruyere and been a part of the successful development and operation of the Gruyere mine. His leading role in the promotion and funding of the Gruyere discovery contributed to the rapid development of this world-class gold mine, as recognised by several industry awards. In addition, Justin has greatly advanced the geological understanding of the Yamarna belt through a systematic and innovative approach to exploration and has built one of the strongest discovery teams in Australia. Together with my fellow Board members, I wish Justin all the best with his future endeavours.”
Mr Osborne said:
“It has been my great pleasure contributing to the growth of Gold Road from a Junior Explorer to a globally recognised Australian Mid-Tier gold producer. Contributing to the market capitalisation increase from an initial $30 million to the $1.4 billion dollar company we see today is the stuff of dreams. The speed in which we discovered and developed the world class Gruyere gold deposit into the fabulous operation we now have, has been the greatest thrill of my career, and it is something I am hoping to repeat in the future. I have great pride in the progress the Discovery Team has made at Yamarna, in taking a virtually unknown geological field and turning it into what I believe to be one of the most prospective and exciting greenfields exploration projects in Australia. I firmly believe the foundations for exploration success have been laid by a team of dedicated and highly talented professionals, and I look forward to following the burgeoning story as a Gold Road shareholder. I wish to express my appreciation to the Gold Road team and the business partners I have had the pleasure of working with over the past eight years. Finally, I would like to thank the Yilka People as the Traditional Owners of the Yamarna lands on which we work, and with whom I have developed lasting relationships and hold in the deepest respect”.