Stratex, the AIM-quoted gold-focused exploration and development company in Turkey and Africa, has proposed the appointment of Tim Livesey as chief executive, starting on 1 March.
Livesey has 28 years' experience in gold and base metals, with a distinct focus on Africa, Europe and Asia.
Some of his roles include exploration manager (Eurasia) at Barrick Gold Corp., project director and later CEO of Tethyan Copper Company, and more recently as COO of TSX.V-listed Reservoir Minerals. Upon Livesey's appointment, Bob Foster will stand down from the board, where he has been fulfilling the role of interim CEO.
Stratex also announced it is adopting a new and revised policy whereby the company will ensure that all new opportunities are measured to strict financial and strategic criteria including a focus on jurisdictions that are more aligned with the company's current geographic focus.
It is concluding negotiations with a likely joint venture partner for its Dalafin gold project in Senegal and identifying a number of opportunities that could provide a flagship project on which to grow the company.
At 9:22am: (LON:STI) Stratex International PLC share price was +0.1p at 0.85p