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Aphrodite Gold Rings In Changes To Board And Management

Aphrodite Gold (ASX:AQQ) has appointed its chairman Peter Buttigieg as executive chairman, effective immediately.

The Board has ceased the employment of its two executive directors Wayne Ryder and Leon Reisgys.

Reisgys has also ceased to be managing director and Ryder has also ceased to be CEO and company secretary.

Michael Beer has been appointed company secretary.

In a statement the Board said it is taking this action in the interests of shareholders to both reduce the company's cost base during changed market conditions and focus on developing a regional production facility near Kalgoorlie by capitalising on the recently announced 35% upgrade of its gold resource estimate to 1.4 million ounces.

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