Investigator Resources Taps Lachlan Wallace to Drive Paris Silver Growth
Investigator Resources appoints Lachlan Wallace as Managing Director and secures $4.3 million to accelerate exploration at the Paris Silver Project and beyond.
- Lachlan Wallace appointed Managing Director with over 20 years mining experience
- Successful $4.3 million capital raise to fund expanded exploration
- Focus on silver exploration at Paris and copper/gold at Curnamona
- Comprehensive drilling and geophysical survey programs planned for H2 2025
- Performance incentives tied to mining permit and final investment decision milestones
Leadership Transition Signals New Growth Phase
Investigator Resources Limited (ASX – IVR) has welcomed Lachlan Wallace as its new Managing Director, marking a pivotal moment as the company prepares to advance its Paris Silver Project and broader exploration portfolio. Wallace brings a wealth of experience, including his leadership role in developing South Australia's Kanmantoo Copper Mine, positioning him well to steer Investigator through its next growth chapter.
The appointment follows the retirement of outgoing MD Andrew McIlwain, who leaves behind a strengthened company foundation after a period of transformative leadership. The board expressed gratitude for McIlwain’s contributions and praised interim MD Andrew Shearer for ensuring a seamless leadership transition.
Capital Raise Fuels Exploration Ambitions
Complementing the leadership change, Investigator successfully completed a $4.3 million capital raise in June, bolstering its financial position to ramp up exploration activities. The funds will support an ambitious work program focused on drilling and geophysical surveys across key project areas, including the Paris Silver corridor, Black Hill, Curnamona, and Uno-Morgans-Harris Bluff tenements.
Exploration plans for the second half of 2025 are comprehensive. They include a gravity geophysical survey to refine drilling targets at Black Hill, re-analysis of historic high-grade silver drill samples at Sunday Iron, and inaugural drilling at Curnamona targeting copper and gold. These activities aim to unlock the full potential of Investigator’s diverse asset base.
Performance Incentives Aligned with Key Milestones
Wallace’s employment package includes a fixed remuneration of $392,000 per annum, supplemented by performance incentives. These incentives are closely tied to strategic objectives such as securing the mining permit for the Paris Project and achieving a Final Investment Decision for the Paris Silver Mine. This alignment underscores the company’s commitment to advancing the project towards production.
Wallace expressed enthusiasm about joining Investigator at this critical juncture, highlighting the Paris Silver Project’s potential to become a significant Australian silver producer. His leadership is expected to build on the solid groundwork laid by his predecessor and drive value creation for shareholders.
Looking Ahead
With a seasoned executive at the helm and a strong capital base, Investigator Resources is poised to accelerate its exploration and development activities. The coming months will be crucial as drilling results and permit progress begin to shape the company’s trajectory.
Bottom Line?
Investigator’s new leadership and fresh capital set the stage for a defining exploration year ahead.
Questions in the middle?
- How will drilling results at Paris and Curnamona influence project timelines?
- What are the prospects and challenges in securing the Paris Project mining permit?
- How might market conditions impact Investigator’s ability to reach Final Investment Decision?
