Peel Mining Appoints New CEO, CFO, and Chairman with 22.9Mt Copper Resource

Leadership Overhaul Signals New Chapter

Peel Mining Limited (ASX, PEX) has announced a significant reshuffle of its leadership team, appointing Nick Woolrych as Managing Director and CEO, Ronnie Beevor as Non-Executive Chairman, and Warwick Amos as Chief Financial Officer. This refreshed leadership brings a wealth of experience in mining operations, project development, and capital markets, positioning Peel to better capitalise on its substantial asset base in the Cobar Basin.

Woolrych’s background includes leading New World Resources through strategic financing and project development, while Beevor’s four decades in natural resources and investment banking add a strong strategic and capital markets dimension. Amos complements the team with deep expertise in mergers, acquisitions, and financing, having previously served as CFO at New World Resources.

Strategic Focus on Unlocking Latent Value

The new leadership team is pivoting Peel’s strategy towards three core pillars, targeted exploration and pre-development programs, regional consolidation and development opportunities, and disciplined inorganic growth initiatives in Tier 1 jurisdictions such as Australia and North America. Peel’s portfolio includes advanced copper and polymetallic deposits with a global mineral resource estimate of 22.9 million tonnes averaging 1.03% copper equivalent, spread across five major deposits within the South Cobar Project.

Importantly, Peel’s assets are largely unencumbered by third-party royalties or off-take agreements, and the company owns 100% of its key deposits. This clean title, combined with secured land access over 35,000 acres of pastoral land, provides a strong foundation for development and potential regional consolidation. The Cobar Basin itself is a hotbed of recent investment and infrastructure upgrades, making Peel’s position strategically advantageous.

Incentives Aligned with Shareholder Value Creation

Peel has also disclosed key terms of executive remuneration designed to align management incentives with shareholder returns. Woolrych’s package includes a base salary of $450,000 plus performance-based cash bonuses and a substantial allocation of options and performance rights tied to share price milestones. Similarly, Beevor and other key personnel have been granted options and performance rights, subject to shareholder approval, to incentivise long-term value creation.

Outgoing Non-Executive Chairman Mark Okeby praised the new appointments, highlighting their capability to unlock the value of Peel’s established asset base. Meanwhile, founding exploration leader Rob Tyson will retire from the board but remain involved in exploration and growth initiatives, ensuring continuity of technical expertise.

Looking Ahead

With a strong technical team already in place and a refreshed leadership focused on strategic growth, Peel Mining is poised to advance its projects through feasibility studies and exploration programs. The company’s emphasis on regional consolidation and disciplined inorganic growth could see it playing a pivotal role in the evolving Cobar mining landscape.