Besra Gold Inc. Appoints Highly Credentialled Chair and Non-Executive Director
Besra Gold Inc. (ASX: BEZ) has announced significant board changes with the appointment of two new independent directors. David Potter joins as the new Non-Executive Chair, bringing over 30 years of resource sector experience, while Sean Williamson, a corporate and securities lawyer, joins as Non-Executive Director. Jon Morda steps down as interim Chair but remains a Non-Executive Director, while Michael Higginson resigns as Director but continues as Chief Corporate Officer and Company Secretary.
Potter, with extensive operational and corporate experience, highlighted Besra's undervalued position, noting its 2.8Moz JORC-compliant gold resources and A$20m cash backing against a modest market cap of A$18m. He plans to focus on developing the Jugan deposit and improving relationships with Sarawak authorities. Williamson brings valuable experience from roles at Dundee Precious Metals and Iamgold, focusing on corporate governance and legal expertise.
Besra Gold Inc. (ASX: BEZ) ha annunciato importanti cambiamenti nel consiglio di amministrazione con la nomina di due nuovi direttori indipendenti. David Potter assume il ruolo di nuovo Presidente Non Esecutivo, portando oltre 30 anni di esperienza nel settore delle risorse, mentre Sean Williamson, avvocato specializzato in diritto societario e dei titoli, entra come Direttore Non Esecutivo. Jon Morda lascia la carica di Presidente ad interim, ma rimane Direttore Non Esecutivo, mentre Michael Higginson si dimette da Direttore ma continua come Chief Corporate Officer e Segretario Aziendale.
Potter, con una vasta esperienza operativa e aziendale, ha sottolineato la posizione sottovalutata di Besra, evidenziando le sue 2,8 milioni di once di risorse aurifere conformi allo standard JORC e una liquidità di 20 milioni di dollari australiani, rispetto a una capitalizzazione di mercato contenuta di 18 milioni di dollari australiani. Il suo obiettivo sarà lo sviluppo del giacimento Jugan e il miglioramento delle relazioni con le autorità del Sarawak. Williamson apporta un prezioso bagaglio di esperienza maturata in Dundee Precious Metals e Iamgold, con un focus sulla governance aziendale e competenze legali.
Besra Gold Inc. (ASX: BEZ) ha anunciado cambios significativos en su junta directiva con el nombramiento de dos nuevos directores independientes. David Potter se incorpora como nuevo Presidente No Ejecutivo, aportando más de 30 años de experiencia en el sector de recursos, mientras que Sean Williamson, abogado corporativo y de valores, se une como Director No Ejecutivo. Jon Morda renuncia a su cargo de Presidente interino pero permanece como Director No Ejecutivo, mientras que Michael Higginson dimite como Director pero continúa como Director Corporativo Principal y Secretario de la Compañía.
Potter, con amplia experiencia operativa y corporativa, destacó la posición infravalorada de Besra, señalando sus 2,8 millones de onzas de recursos auríferos conforme a JORC y 20 millones de dólares australianos en efectivo, frente a una capitalización de mercado modesta de 18 millones de dólares australianos. Planea centrarse en desarrollar el depósito Jugan y mejorar las relaciones con las autoridades de Sarawak. Williamson aporta valiosa experiencia de sus roles en Dundee Precious Metals e Iamgold, enfocándose en la gobernanza corporativa y experiencia legal.
Besra Gold Inc. (ASX: BEZ)는 두 명의 새로운 독립 이사를 임명하며 이사회에 중대한 변화를 발표했습니다. David Potter가 새로운 비상임 의장으로 합류하여 30년 이상의 자원 산업 경험을 제공합니다. 한편, 기업 및 증권 변호사인 Sean Williamson이 비상임 이사로 합류했습니다. Jon Morda는 임시 의장직에서 물러나 비상임 이사로 남아 있으며, Michael Higginson은 이사직을 사임했지만 최고 기업 책임자 및 회사 비서로 계속 근무합니다.
Potter는 광범위한 운영 및 기업 경험을 바탕으로 Besra가 저평가되어 있다고 강조하며, 2.8백만 온스의 JORC 기준 금 자원과 2천만 호주 달러의 현금 보유액에 비해 시가총액이 1,800만 호주 달러에 불과하다고 언급했습니다. 그는 Jugan 광산 개발과 Sarawak 당국과의 관계 개선에 집중할 계획입니다. Williamson은 Dundee Precious Metals와 Iamgold에서의 경험을 바탕으로 기업 지배구조 및 법률 전문성을 제공합니다.
Besra Gold Inc. (ASX : BEZ) a annoncé d'importants changements au sein de son conseil d'administration avec la nomination de deux nouveaux administrateurs indépendants. David Potter rejoint en tant que nouveau Président non exécutif, apportant plus de 30 ans d'expérience dans le secteur des ressources, tandis que Sean Williamson, avocat spécialisé en droit des sociétés et des valeurs mobilières, intègre le conseil en tant qu'administrateur non exécutif. Jon Morda démissionne de son poste de président par intérim mais reste administrateur non exécutif, tandis que Michael Higginson démissionne de son poste d'administrateur mais continue en tant que Chief Corporate Officer et secrétaire général.
Potter, fort d'une vaste expérience opérationnelle et d'entreprise, a souligné la position sous-évaluée de Besra, mentionnant ses 2,8 millions d'onces de ressources aurifères conformes JORC et ses 20 millions de dollars australiens en liquidités face à une capitalisation boursière modeste de 18 millions de dollars australiens. Il prévoit de se concentrer sur le développement du gisement de Jugan et d'améliorer les relations avec les autorités de Sarawak. Williamson apporte une expérience précieuse acquise chez Dundee Precious Metals et Iamgold, en mettant l'accent sur la gouvernance d'entreprise et l'expertise juridique.
Besra Gold Inc. (ASX: BEZ) hat bedeutende Veränderungen im Vorstand angekündigt und zwei neue unabhängige Direktoren ernannt. David Potter tritt als neuer nicht geschäftsführender Vorsitzender bei und bringt über 30 Jahre Erfahrung im Rohstoffsektor mit, während Sean Williamson, ein Unternehmens- und Wertpapierrechtsanwalt, als nicht geschäftsführender Direktor hinzukommt. Jon Morda tritt als interimistischer Vorsitzender zurück, bleibt jedoch nicht geschäftsführender Direktor, während Michael Higginson als Direktor zurücktritt, aber weiterhin als Chief Corporate Officer und Company Secretary tätig ist.
Potter, mit umfangreicher operativer und unternehmerischer Erfahrung, hob die unterbewertete Position von Besra hervor und verwies auf die 2,8 Millionen Unzen JORC-konforme Goldressourcen und 20 Mio. AUD Barmittel im Vergleich zu einer bescheidenen Marktkapitalisierung von 18 Mio. AUD. Er plant, sich auf die Entwicklung der Jugan-Lagerstätte und die Verbesserung der Beziehungen zu den Behörden von Sarawak zu konzentrieren. Williamson bringt wertvolle Erfahrung aus seinen Tätigkeiten bei Dundee Precious Metals und Iamgold mit und legt seinen Fokus auf Unternehmensführung und rechtliche Expertise.
- Appointment of highly experienced Chair with 30+ years in resource sector and strong operational background
- Addition of corporate counsel with extensive gold mining industry experience from major companies (Dundee Precious Metals, Iamgold)
- Strong cash position of A$20m backing
- Significant gold resource of 2.8Moz JORC-compliant
- Current market capitalization (A$18m) trading below cash backing, indicating market skepticism
- Need to secure renewal of mining license ML 05/2012/1D
- Previous 'tumultuous' period for shareholders affecting market appreciation of assets
Melbourne, Victoria, Australia--(Newsfile Corp. - May 19, 2025) - Besra Gold Inc (ASX: BEZ) ("Besra" or the "Company") is pleased to announce the appointment of two new independent Directors, Mr David Potter and Mr Sean Williamson.
These two appointments will add highly relevant industry expertise to the Besra Board, as the Company transitions from explorer to developer and ultimately a gold producer at the Jugan Project.
Effective today, Mr David Potter will join the Board as the Company's independent Non-Executive Chair, whilst Mr Sean Williamson will be appointed as an independent Non-Executive Director. Also, effective as of today and to accommodate the appointment of Mr Potter as the Company's Chair, Mr Jon Morda has stepped aside as Besra's interim Non-Executive Chair (but will remain as a Non-Executive Director). In addition, to facilitate the appointment of Mr Potter, Mr Michael Higginson readily and constructively agreed to resign as a Director of Besra. Mr Higginson will remain as Besra's Chief Corporate Officer and Company Secretary.
Outgoing Chair Jon Morda said:
"I am delighted that Besra has been able to attract independent Board nominees of the calibre, qualifications and expertise of Messrs Potter and Williamson."
"Going forward, I am very confident that under the stewardship of our new Chair, coupled with the expert strategic and legal guidance of Sean, that our new Board is well positioned to meaningfully contribute to and achieve Besra's gold mining aspirations."
David Potter
Mr Potter has expansive resource sector experience, spanning over 30 years, during which he has built and led a diverse range of specialist teams providing technical, financial and strategic support for multiple start-ups, operations, feasibility and due diligence studies.
This wealth of his hands-on operational experience is combined with strong corporate, legal and finance acumen, built from continued education as well as executive experience at Reed Resources, Excelsior Gold and Round Oak Minerals (a
Mr Potter currently works as a private resource sector consultant advising on technical, finance and strategic matters. He has a Bachelor of Science (geology), a Master of Science (mineral economics) and a diploma in Financial Investment and Analysis. As a member of the Australasian Institute of Mining and Metallurgy, he is able to act as a JORC competent person for a variety of deposit styles.
Incoming Chair David Potter said:
"It is a privilege to be appointed as a Director and Chair of Besra. In my experience, there have been few ASX gold focused listed companies with Besra's combination of material JORC 2012 compliant gold resources of circa 2.8Moz and a cash backing of circa A
"Based on my due diligence, I attained a strong conviction in the commerciality of, in particular, the Jugan deposit. My mission is to oversee, for the benefit of all shareholders, Besra's evolution into a gold producer, ensuring irreproachable corporate governance and to work closely with our in-country team and the authorities in Sarawak to prudently unlock the considerable latent potential in our exploration and mining assets. Recent years have been tumultuous for our shareholders and it is my expectation that this Board renewal process will presage a resolution of those issues which have severely restrained the market's appreciation for Besra's assets."
"I will be visiting the site in June 2025 and look forward to re-energising and directing our interactions with the Sarawak Government in order to initially secure the renewal of ML 05/2012/1D. We will actively direct our efforts in building partnerships with the community, with a focus on education and engaging with the government for the development of a long term ethical, environmentally friendly and sustainable mining operations that delivers wealth and employment opportunities for both the local communities and for the state of Sarawak."
Sean Williamson
Sean Williamson is a corporate and securities lawyer with extensive experience in private practice working on corporate finance transactions, M&A and shareholder activism as well as inhouse experience in listed gold production companies. Sean is currently Director, Corporate Counsel of Dundee Precious Metals Inc (Dundee), a Toronto Stock Exchange (TSE) listed gold mining company with assets in Bulgaria, Ecuador and Serbia. Dundee has a market capitalisation of approximately CA
Mr Williamson completed a Juris Doctorate from the University of Windsor in 2011. In private practice he worked most recently at Norton Rose Fulbright Canada LLP for six years, leaving the firm in 2021 as Senior Associate. Mr Williamson was then Senior Legal Counsel and Associate Corporate Secretary at Iamgold Corp between 2021 and 2023. Listed on the New York Stock Exchange and TSE, Iamgold is a multi-billion dollar gold mining company, producing gold from operations in North America and West Africa.
Mr Williamson resides in Toronto, Canada and his seat on the Besra Board complies with Canadian regulatory requirements.
Incoming Non-Executive Director Sean Williamson said:
"As a Non-Executive Director, I see my role as bringing an independent perspective, upholding the highest standards of corporate governance and ensuring that strategic decisions are made with a long-term view towards value creation and responsible resource development."
"I certainly look forward to contributing to the future success of Besra and to being offered the opportunity of being part of Besra's team going forward."
The Board extends its sincere thanks to Mr Morda for his service to Besra as interim chair since February 2025 and to Mr Michael Higginson for his expert guidance and dedication as a Director of the Company since September 2024.
This announcement was authorised for release by Mr Kenny Lee - Executive Director.
Michael Higginson
Company Secretary
N. American Contact:
James Hamilton
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/252696
FAQ
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