Boadicea strengthens board in preparation for exploration drive

Boadicea Resources Ltd (ASX:BOA) has boosted its board of directors as part of a strategic move to bolster its exploration endeavours and enhance its growth trajectory.

Proative Investors reports the battery metals exploration company has appointed company secretary James Barrie as non-executive director and has begun a search for a non-executive chair in preparation for the forthcoming retirement of Domenic De Marco.

“The need to ensure the company is well-equipped to meet its growing exploration endeavours, matched with expertise to navigate financial, governance and operational skills is more imperative than ever in this next stage of Boadicea’s growth strategy,” Boadicea Resources managing director Jon Reynolds said.

“Boadicea is taking this proactive step to cement its long-term future and the value of shareholders.”

Junior explorer targeting growth

Boadicea Resources says it aims to tap into fresh perspectives and expertise, building on the company’s growth to date under a capable team.

The purpose of the board refresh is “to capitalise on emerging exploration opportunities and drive further innovation in our processes and achieving strategic objectives.”

“I am delighted to have been asked to join the Boadicea board,” incoming non-executive director James Barrie said.

“The company has evolved into an active explorer in some of Australia’s most sought-after locations for EV minerals and I look forward to contributing as part of a refreshed board.

“I would like to thank Domenic De Marco for his guidance, support and insights over the past three years, and wish him every success as he transitions to retirement.”

Domenic De Marco to retire

BOA says De Marco has demonstrated exceptional expertise and capability in serving the interests of the company since its IPO in 2012, particularly since April 2020 when the current board and management assumed control.

“From its inception in 2011 to its current position in 2023, Boadicea’s transition into an EV and precious metals explorer has been an exciting and challenging experience,” outgoing non-executive chair Domenic De Marco said.

“I wish to thank the various Boadicea directors throughout the journey and all the staff, loyal shareholders, suppliers and supporters for their support and positive interactions over the years.

“I wish the new enhanced board the very best of success as it guides the company into its next phase of development and growth.”

Boadicea managing director Jon Reynolds says the company’s move to refresh the board aligns with the rising demand for critical minerals, fuelled by the expanding renewable energy and electric vehicle sectors.

Reynolds emphasises the significance of their exploration endeavours in contributing to the discovery of metals that play a pivotal role in shaping the future of our planet.

“We are proud of the expertise and guidance provided to us by Domenic and his wisdom and intellect in driving the company’s endeavours,” he said.

“We welcome James to the board as an integral part of the company’s future endeavours and look forward to attracting equally high-calibre talent the board has had the privilege to enjoy until now.”