Zenith Minerals (ASX: ZNC) has appointed Peter Bird as a non-executive director of Zenith, effective 30 March 2020, and provided a company update in regards to COVID-19.
Mr Bird is an experienced, well known and highly respected mining industry executive. His extensive experience covers senior technical, management, investor relations and human resources positions with major mining companies such as Western Mining Corporation, Newmont and Normandy Mining.
In addition, Mr Bird has extensive expertise in equity markets including five years at Merrill Lynch Equities, where he was recognised in 1998 as the top-rated Australian Gold Analyst in Australia, Europe and Asia. In 2000 while General Manager Investor Relations at Newcrest, he was voted by the investment community as the number one Investor Relations Manager in all listed Australian companies. More recently Mr Bird has served in Board and executive roles both as a Managing Director and in the capacity of Non-Executive Chairman with several ASX listed resource companies, and as CEO and Deputy Chair of a UK Listed copper company.
Mr Bird holds a BSc(Hons) in Geology from La Trobe University (1986). As part of ongoing Board renewal, further changes to the Zenith Board are anticipated. Chairman Mike Joyce, who is due for re-election by rotation under the Company’s constitution at Zenith’s AGM scheduled for late November 2020, has advised that he does not intend to nominate and will thus be retiring at that time having served as a Zenith director since listing in 2007.
In relation to COVID-19 Zenith’s Board is mindful of the significant impact the virus is having on the community and is continuing to assess the potential risks associated with its activities.
Recently enacted travel restrictions have led the Company to postpone drill testing of the Red Mountain gold target in Queensland in the short term. The Company will continue to act on advice provided by Federal and State Governments with the health and safety of Zenith’s crew, contractors and local stakeholders a priority.
The Company is also assessing measures to reduce discretionary spending in order to conserve cash in response to on-going equity market volatility including temporary two voluntary reductions in the CEO’s salary and Board fees, whilst still actively assessing opportunities to add quality gold and copper assets to its project portfolio.
Zenith’s Chairman Mike Joyce commented: “We are delighted to have attracted Peter Bird to the Board of Zenith. As the Company advances its gold, lithium and base metals assets, he has strong technical and commercial skills, coupled with a background in investor relations and deep understanding of the market which will add materially to the skill set on our Board.”