Resignation of CEO and Managing Director at Pinnacle Minerals Ltd

Pinnacle Minerals Limited (ASX:PIM) has announced the immediate resignation of Maurice (Nic) Matich as Chief Executive Officer and Managing Director. The company is currently undergoing a strategic review of its operations, focusing on conserving capital, reducing discretionary expenditure, and streamlining exploration activities, while also considering complementary project acquisition opportunities.

Chairman's Comments on Resignation

On behalf of the Board, Pinnacle Minerals Chairman, William Witham, expressed gratitude for Nic's significant contributions to the company and its mineral exploration projects in Western Australia, South Australia, and Quebec. He also extended best wishes for Nic's future endeavors.

Summary of Pinnacle Minerals Announcement

Pinnacle Minerals Ltd (ASX:PIM) has announced the resignation of Maurice (Nic) Matich as Chief Executive Officer and Managing Director. The company is currently focused on a strategic review of its operations, aiming to conserve capital, reduce discretionary expenditure, and streamline exploration activities, while also exploring complementary project acquisition opportunities. The Chairman, William Witham, expressed gratitude for Nic's contributions and wished him success in his future endeavors. Pinnacle Minerals continues its commitment to delivering shareholder value through the systematic exploration and development of its portfolio of battery and technology metals projects in Canada, Western Australia, and South Australia.