How Gorilla Gold’s New Leadership and Incentives Could Unlock Multi-Million Ounce Growth
Gorilla Gold announces strategic leadership hires and an employee incentive scheme tied to ambitious resource growth targets, alongside significant high-grade gold discoveries extending the Lakeview deposit at Comet Vale.
- Appointment of Craig Jones as Non-Executive Director and technical consultant
- New CFO Daniel Kendal and Study Manager Jarrod Ramadan join leadership team
- Employee Incentive Share Scheme linked to 3.0Moz and 5.0Moz resource milestones
- Lakeview discovery extended 250m down-dip with high-grade gold intercepts
- Multi-rig drilling campaigns underway targeting major resource upgrades in WA
Leadership Bolstered for Growth
Gorilla Gold Mines Ltd has announced a series of key leadership appointments designed to accelerate the development of its Western Australian gold assets. Industry veteran Craig Jones, known for his instrumental role in building Spartan Resources into a multi-billion dollar success, joins the board as a Non-Executive Director and technical consultant. Alongside him, Daniel Kendal takes on the role of Chief Financial Officer, bringing extensive resource sector finance experience, while Jarrod Ramadan steps in as Study Manager to oversee mining studies and project development.
Aligning Employee and Shareholder Interests
In a move to tightly align employee incentives with shareholder value creation, Gorilla Gold has implemented an Employee Incentive Share Scheme (EISS). This program grants performance rights to approximately 30 employees, contingent on achieving significant resource growth milestones, a 3.0 million ounce (Moz) resource base (GG3) and a 5.0 Moz resource base (GG5). The scheme also incorporates a retention element requiring continuous employment over three years and a share price hurdle of $1, underscoring the company’s commitment to sustainable growth.
Exploration Success at Comet Vale
On the exploration front, Gorilla Gold reports compelling results from its flagship Comet Vale Project. The Lakeview discovery, a relatively new high-grade gold prospect, has been extended a further 250 meters down-dip, now boasting a vertical extent of 550 meters and remaining open for further expansion. Noteworthy intercepts include 1.6 meters at 19.0 grams per tonne (g/t) gold and 1.0 meter at 15.7 g/t gold, reinforcing the prospect’s potential. These results come from a vigorous four-rig drilling campaign aimed at delivering a major Mineral Resource Estimate (MRE) upgrade scheduled for the fourth quarter of 2025.
Broader Resource Growth Strategy
Beyond Comet Vale, drilling programs are also underway at the Mulwarrie and Vivien projects, with recent updates showing promising resource expansions. The Mulwarrie MRE was recently updated to 350,000 ounces at 3.6 g/t gold, with plans to double this resource in upcoming drilling. Vivien is slated for drilling later in the year, reflecting Gorilla Gold’s multi-pronged approach to resource growth across its Western Australian portfolio.
Looking Ahead
Gorilla Gold’s CEO Charles Hughes highlighted the importance of these developments, emphasizing the company’s focus on attracting top-tier talent and delivering multiple million ounces of high-grade gold. The combination of leadership strength, employee alignment, and robust exploration results positions Gorilla Gold for a transformative phase as it advances towards mine development and production.
Bottom Line?
With leadership fortified and exploration momentum building, Gorilla Gold is poised for a pivotal growth phase that could reshape its standing in WA’s gold sector.
Questions in the middle?
- How will the Employee Incentive Share Scheme impact future share dilution and capital structure?
- What are the timelines and expected scale of the upcoming Mineral Resource Estimate upgrades?
- How might ongoing drilling results influence Gorilla Gold’s development and production plans?
