Switzer’s Appointment and 20M Performance Rights Signal Growth at Cannindah
Cannindah Resources has appointed Cameron Switzer as Managing Director and CEO, signaling a strategic push in its Mt Cannindah Copper-Gold Project. The company also sees a leadership reshuffle with the resignation of Chair Michael Hansel and appointment of Tony Rovira as Chair.
- Cameron Switzer promoted from Interim to permanent MD/CEO
- Switzer’s 35+ years’ experience in copper-gold exploration highlighted
- Michael Hansel resigns as Chair and Director
- Tony Rovira appointed new Chair immediately
- Switzer’s remuneration includes performance rights tied to resource milestones
Leadership Transition at Cannindah
Cannindah Resources Limited has formalised Cameron Switzer’s role as Managing Director and Chief Executive Officer, effective immediately. Switzer, who stepped in as Interim CEO in August 2025, has been instrumental in advancing the company’s exploration efforts at the Mt Cannindah Copper-Gold Project. His permanent appointment reflects the board’s confidence in his ability to steer the company through its critical growth phase.
Switzer brings over 35 years of experience in mineral exploration and resource development, with a particular focus on porphyry copper-gold systems in Australia and internationally. His technical expertise aligns closely with Cannindah’s strategic objectives, especially given the promising potential of the Mt Cannindah project in Queensland.
Board Reshuffle Signals New Chapter
Alongside Switzer’s appointment, Cannindah announced the resignation of Michael Hansel as Chair and Director, effective 12 December 2025. Hansel’s tenure since 2022 included guiding the company through formative stages, and his departure marks a significant leadership change. The board expressed gratitude for his contributions and support, particularly during Switzer’s interim CEO period.
Stepping into the Chair role is existing non-executive director Tony Rovira, who has been closely involved with the company’s recent developments. Rovira’s appointment is seen as a move to maintain continuity while driving the company’s ambitious exploration and resource expansion plans.
Incentives Aligned with Growth Ambitions
Switzer’s remuneration package includes a base salary of AUD 340,000 per annum and participation in both short-term and long-term incentives. Notably, the long-term incentives comprise 20 million performance rights, subject to shareholder approval, tied to specific resource milestones and share price targets. These milestones include achieving JORC-compliant resources containing between 300,000 and 600,000 tonnes of copper equivalent metal, alongside share price performance thresholds.
This structure underscores the company’s commitment to rewarding tangible progress in resource development and market value, aligning executive incentives with shareholder interests. The performance rights have staggered expiry dates, reflecting a multi-year horizon for achieving these ambitious targets.
Looking Ahead
Cannindah’s leadership changes come at a pivotal time as the company seeks to capitalise on exploration momentum at Mt Cannindah. With Switzer at the helm and a refreshed board leadership, investors will be watching closely for updates on resource delineation and project advancement. The company’s strategic focus on copper and gold aligns well with broader market demand trends, potentially positioning Cannindah for significant growth if exploration results continue to impress.
Bottom Line?
Cannindah’s leadership overhaul and incentive alignment set the stage for a decisive exploration push at Mt Cannindah.
Questions in the middle?
- When will shareholder approval for Switzer’s performance rights be sought and what are the prospects for approval?
- How soon can investors expect updated resource estimates or exploration results from Mt Cannindah?
- What strategic initiatives will new Chair Tony Rovira prioritise to support the company’s growth ambitions?
