An update from Aus Tin Mining Limited ( (AU:C7A) ) is now available.
Clara Resources Australia Limited, following the resignations of two board members, has restructured its board with Richard Willson as Non-Executive Chairman, Alex Fitzgerald as Non-Executive Director, and Peter Westerhuis as Managing Director and CEO. The company is focused on developing the Ashford project and believes the current board composition is suitable for its current stage of development. In an effort to manage costs, Clara Resources has decided to reduce board remuneration by paying half of the fees in equity, aligning with shareholder interests. This initiative was approved at the recent EGM, and the company is also reviewing the remuneration of the MD & CEO to further align with cost management strategies.
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Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.44M
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