Platina Resources announces the resignation of Managing Director Corey Nolan, who led the company’s strategic pivot to gold exploration. The Board begins search for his successor amid a well-funded outlook.
- Corey Nolan resigns with three months’ notice
- Led transformation from platinum to gold-focused explorer
- Divestment of scandium project to Rio Tinto under his leadership
- Board to conduct internal and external search for new MD
- Company well-positioned financially for gold exploration
Leadership Change at Platina Resources
Platina Resources Limited (ASX: PGM) has announced the resignation of its Managing Director, Mr Corey Nolan, who has provided the company with three months’ notice as per his contract. Nolan’s departure marks the end of a significant chapter for Platina, where he has been at the helm for over seven years.
A Strategic Transformation
During his tenure, Nolan was instrumental in reshaping Platina’s strategic direction. The company transitioned from its original focus on platinum and specialty metals to becoming a dedicated gold explorer in Western Australia. A pivotal moment in this transformation was the divestment of Platina’s scandium project to mining giant Rio Tinto, a move that not only streamlined the company’s portfolio but also strengthened its financial position.
Board Response and Future Plans
Platina’s Chairman, Brian Moller, expressed regret over Nolan’s resignation but acknowledged his desire to pursue new opportunities. Moller thanked Nolan for his dedication and significant contributions, highlighting the successful strategic milestones achieved under his leadership. The Board has confirmed it will commence a search for a new Managing Director, considering both internal and external candidates, signaling a careful approach to maintaining continuity and momentum.
Positioned for Growth
With a well-funded balance sheet following the scandium project sale, Platina is now strongly positioned to advance its gold exploration and development strategy in the Yilgarn Craton region of Western Australia. Investors will be watching closely to see how the leadership transition influences the company’s exploration activities and overall strategic direction.
Looking Ahead
The coming months will be critical as Platina navigates this leadership change. The appointment of a new Managing Director will be a key signal of the company’s future priorities and ambitions in the competitive gold exploration sector.
Bottom Line?
Platina’s leadership transition opens a new chapter as it seeks to capitalise on its gold exploration momentum.
Questions in the middle?
- Who will be the frontrunner to replace Corey Nolan as Managing Director?
- Will the new leadership maintain the current gold-focused strategy or pivot again?
- How will the market respond to this change amid ongoing exploration activities?