Currently a Senior Managing Director of FTI Consulting, an independent global business advisory firm where he leads the Perth Business Transformation practice and co-leads the national mining advisory practice, Mr Bantock will replace Ian Clyne who is retiring as Chairman and director of Geopacific.
Mr Bantock will be focused on assessing the optimal operational model, development plan and funding requirements for the Woodlark Gold Project under the review announced to the market on 15 December 2021, as well as the long-term strategy for the Company.
“Andrew brings a fresh perspective, relevant expertise and the ability to thoroughly assess the Company’s requirements and path forward. His proven leadership, financial and business improvement skills will be invaluable both for the Company’s short-term imperatives and the implementation of its long-term strategy,” said Geopacific Nomination and Remuneration Committee Chair, Mr Ian Murray in an ASX Announcement.
“It is an important time for Geopacific and I look forward to applying my experience and skills, with the support of the executive management and Board of Geopacific and its consultants, to assess, develop and implement the path forward for the Company. With A$50.9 million of unrestricted net cash reserves and no debt at 31 December 2021, the Company is positioned with a number of strategic options to grow shareholder value,” Mr Bantock added.
The company’s Woodlark Gold Project in the Solomon Sea, Papua New Guinea, is a high margin gold project with significant exploration upside.