SYDNEY, AUSTRALIA: Mamba Exploration Limited has announced the resignation of Michael Dunbar as Chief Executive Officer (CEO) of the company.
Micheal Dunbar has decided to pursue other opportunities within the mineral exploration and development industry.
To ensure compliance with the company’s constitution, Dunbar has agreed to continue serving as a director until a suitable replacement is recruited. Furthermore, he will act as CEO until a mutually agreed-upon time with the Board to allow for a smooth transition to a new CEO.
In response to Dunbar’s resignation, Justin Boylson, Non-Executive Chairman of Mamba, expressed gratitude for Dunbar’s contributions as one of the founding directors and for his management of the company through its initial public offering (IPO) and subsequent listing on the ASX. The Board is actively engaged in the process of finding a qualified replacement for the CEO position.
Dunbar, reflecting on his tenure, stated that it had been a pleasure working with the project vendors and fellow founding directors, Simon Andrew and Justin Boylson, in establishing the company. He expressed satisfaction in building a dedicated team and overseeing a diverse portfolio of projects in Western Australia, allowing for year-round exploration activities. Dunbar expressed confidence in the potential for discoveries on these projects, which he believes will lay a solid foundation for the company’s future success.
The Board of Mamba Exploration Limited will now focus on finding a suitable candidate to fill the CEO position and continue driving the progress of the company’s projects. Dunbar’s departure marks a new chapter in Mamba’s journey as it aims to build upon its achievements and capitalize on the opportunities in the mineral exploration and development sector.