Besra Gold Inc Announces: Board Succession

Rhea-AI Summary

Besra Gold Inc. (ASX: BEZ) has announced a significant leadership change as Dato' Lim Khong Soon steps down from his position as Chair while maintaining his role as Non-Executive Director. The decision stems from Mr. Lim's recognition that the company's future growth and development would benefit from having a dynamic, experienced, and independent mining executive in the Chair position.

The Board has expressed support for Mr. Lim's decision and will begin an extensive search for a highly qualified candidate to guide Besra's transition into gold production. The announcement was authorized by Directors CL Lee and M Higginson.

Positive

• Strategic leadership transition aimed at enhancing company's progression toward gold production
• Maintaining continuity with former Chair remaining as Non-Executive Director
• Proactive approach to strengthen executive leadership with mining industry expertise

Negative

• Temporary leadership gap during transition period until new Chair appointment
• Potential operational delays during leadership transition

Melbourne, Victoria, Australia--(Newsfile Corp. - December 13, 2024) - Besra Gold Inc. (ASX: BEZ) (Besra or the Company) advise that Mr. Dato' Lim Khong Soon (Mr. Lim) has informed the Board that he will step down from the role of Chair of Besra. Mr Lim will remain as a Non-Executive Director of the Company.

Mr Lim recognises that the Company's growth, development, and future success will be best served if the Company is fronted by a dynamic, experienced, and independent mining executive who will play the crucial role of Non-Executive Chair.

Besra's Directors collectively support and thank Mr. Lim for his beneficent decision. They confirm they will expeditiously commence a market-wide search for a highly credentialled candidate who can guide Besra's transition into gold production.

Authorised for release by Directors CL Lee and M Higginson.

Michael Higginson
Director and Company Secretary

North America Contact:
James Hamilton
Investor Relation Services
M +1-416-471-4494
E jim@besra.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233671

FAQ

Why did Dato' Lim Khong Soon step down as Chair of Besra Gold (ASX: BEZ)?

Dato' Lim Khong Soon stepped down to allow for a dynamic, experienced, and independent mining executive to guide the company's growth and transition into gold production, while maintaining his position as Non-Executive Director.

What is Besra Gold's plan for appointing a new Chair?

Besra Gold will conduct a market-wide search for a highly credentialed candidate with mining executive experience to serve as Non-Executive Chair.

Will the leadership change affect Besra Gold's transition to production?

The change is specifically designed to enhance Besra's transition to gold production by bringing in experienced mining executive leadership.

What role will Dato' Lim Khong Soon maintain at Besra Gold after stepping down as Chair?

Dato' Lim Khong Soon will continue to serve as a Non-Executive Director of Besra Gold.