Citigold Corporation Limited announced a restructuring of corporate management to lead the company through the next stage of growth. Recently a further important appointment was made with Dr. Andrew Lewis taking up the new position of Head of Innovation and Technology. His role is to drive the selection and implementation of innovative mining systems. The next step was to restructure corporate management to execute the Board endorsed strategy of aggressive growth, using innovation to ensure low capital and operating costs.

The changes and appointments are ­Mark Lynch has been promoted to newly-created role of Executive Chairman; Matthew Martin has been promoted to Chief Executive Officer (CEO); Dave Ang has been appointed Chief Financial Officer (CFO); Brent Van Staden has been appointed Company Secretary; and Arun Panchariya has been appointed a non-executive Director. Professor Brian White is standing down as an executive and will not be standing for re-election at the coming AGM. Satish Panchariya has stepped down as a Director.

The board of Directors will then comprise one executive and five non-executive Directors, including John Foley. The new Company Secretary is an experienced corporate and resources lawyer. The CEO will not be a member of the Board allowing him to focus delivering on the Charters Towers Gold business growth plan.

The new Board appointment, Arun Panchariya, brings skills in investment banking as principal of Global Finance & Capital Limited and is Consul General of the Republic of Liberia in the UAE.