Australian Pacific Coal Limited Announces Executive Changes
will provide support to Ms Saridas to ensure a smooth transition into the role while the Board commences a search for a new CEO. The Board recognizes and appreciates Mr. Conry's ongoing leadership through a period of significant challenges and transformation for the Company and its subsequent progress towards a return from care and maintenance to production of the Dartbrook Coal Project, targeted for the second half of 2023. With the recent successful approval for the initial 5year mining consent extension to 2027 and full debt reduction initiatives, the Company has in under three years increased its market capitalization from $11 million to $88 million and is well positioned for significant growth and positive outcomes for shareholders. The company remains focused on recommissioning the mine and is evaluating several restart capital options and completing joint venture agreements.