Ardiden Chair Bruce McFadzean resigns

Ardiden (ASX:ADV) Non-Executive Chairman Bruce McFadzean stepped down from his post on Monday 21 August to pursue other opportunities.

The company says McFadzean’s resignation was effective as it was announced to the market, and Non-Executive Director Michelle Roth has stepped into the Chair role in an interim capacity.

Meanwhile, Ardiden has appointed Jeremy Robinson and Matthew Freedman as Non-Executive Directors.

Robinson brings with him 2 decades of experience in the resources industry, with his previous roles ranging from Managing Director to Business Development positions. He is currently the principal of Churchill Strategic Investments Group, which Ardiden says has financed multiple junior explorers and developers across the ASX and Toronto Stock Exchange (TSX).

Further to his role with Churchill, Robinson currently serves as Non-Executive Chairman of RareX (ASX:REE) and Executive Chairman of Cosmos Exploration (ASX:C1X), and he is a pending Non-Executive Director of Kincora Copper (ASX:KCC).

Meanwhile, Freedman currently serves as an Executive Director of Dynamic Group Holdings (ASX:DDB) and a Non-Executive Director of Cosmos Exploration.

He has previously held roles with Rio Tinto (ASX:RIO), Worley (ASX:WOR), and Emeco Holdings (ASX:EHL).

Speaking on the board shuffle, Ardiden Interim Chair Michelle Roth says: “I am pleased to welcome Jeremy and Matt to the board. On behalf of the board, I wish to thank Bruce for his leadership and contribution during his tenure as Chair.

I wish to thank Bruce for his leadership and contribution during his tenure as Chair

Bruce has overseen the disposal of the last two tranches of the Ontario lithium projects to Green Technology Metals Ltd (ASX:GT1), which saw the inflow of more than $21 million cash and 13,049,520 shares in GT1, leaving Ardiden in a strong financial position. We wish him well as he pursues other opportunities within the industry.”

Ardiden is a junior explorer working to build a ‘high-grade’ gold resource at its Pickle Lake Gold Project in northwest Ontario, which the company says is one of Canada’s most prolific gold mining districts.

The company has $9.35 million cash at hand as of June 30, according to its latest quarterly report.

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Written By Joshua Smith
Joshua Smith has years of experience in the media sector, having worked as a markets reporter, features writer, and editor since completing a Communications and Journalism degree and a Creative Writing degree. Josh is an avid board game fan and a self-professed coffee snob.