Victory Goldfields (ASX:1VG) (“Victory” or “the Company”) is pleased to provide the following update on its executive leadership and board changes effective immediately. Victory advises the appointment of current Non-Executive Director Mr. Brendan Clark as Executive Director of the Company. Current Executive Chairman, Mr. Trevor Matthews will step down from his executive role and will remain with the Company as Non-Executive Chairman.
Victory’s Executive Director, Brendan Clark commented:
“Being one of the founders of the Company and part of the Victory team since listing, it’s exciting to be provided with the opportunity to continue the implementation of Victory’s strategy of actively exploring the Company’s portfolio of gold projects in the Cue goldfields region.
In addition to the previously announced Coodardy mineral resource estimate work commencing in the near future, the Company will soon advise on the next phase of exploration drilling to be undertaken on a number of it’s projects.
I personally thank Mr. Mathews for contributing his vast experience to the Company which has been vital in the Company achieving the milestone of the maiden resource activity referred above and we are grateful that Mr. Matthews will remain an ongoing part of our management team.
Victory has a strong bank balance to complete its upcoming planned exploration programs and has made the required cost saving measures to ensure minimal disruptions to its day to day operations whilst being able to explore such opportunities”.