Yandal Resources' Succession Plan Announcement

Yandal Resources Ltd (ASX: $YRL) has announced the implementation of a succession plan for its board and senior management. Chris Oorschot, the current Technical Director, is set to step into the role of Managing Director and CEO from 1 July 2024, while the current Managing Director, Tim Kennedy, will continue as a part-time Executive Director to facilitate a smooth transition.

Yandal Resources' Board and Management Commentary

Yandal Resources' Chair, Mr. Greg Evans, expressed his congratulations to Tim Kennedy for his contributions and the successful transition, acknowledging the strategic turnaround and the elevation of staff capabilities. Managing Director, Mr. Tim Kennedy, expressed confidence in Chris Oorschot's ability to maintain the company's progress and unlock the full value of their projects. Technical Director, Mr. Chris Oorschot, expressed his excitement to lead the company into new exploration opportunities and highlighted the growing high-caliber exploration team's potential for future successes.

Yandal Resources' Succession Plan Summary

Yandal Resources has announced the implementation of a succession plan to ensure ongoing managerial and exploration excellence. The plan involves Chris Oorschot taking over as Managing Director and CEO from 1 July 2024, with Tim Kennedy continuing as a part-time Executive Director. The company aims to maintain its aggressive exploration programs while upholding the highest technical standards. With ample capital and ongoing exploration activities, Yandal Resources is well positioned for continued success. The company's management expressed confidence in the potential for future discoveries and growth, supported by a growing high-caliber exploration team.