BMG Resources Limited announced the following Board and Management changes, with effect from 16 January 2024: Non-executive Director John Prineas assumes the role of Non-executive Chairman. Non-executive Chairman Greg Hancock transfers to the role of independent Non-executive Director. John Prineas is a senior resource industry executive and has been a Non-executive Director of BMG since October 2020.

He is BMG's largest shareholder with a stake of approximately 9.8%. Mr. Prineas is also the founder and Executive Chairman of St George Mining Limited and founder and a Non-executive Director of American West Metals Limited. Complementing his experience with ASX-listed companies, Mr. Prineas held senior roles in the banking and legal sectors including the role of Country Head Australia for Dresdner Bank AG (now Commerzbank AG) with a focus on project and acquisition finance for resources and infrastructure projects.

He has worked on funding arrangements and growth strategies for mining companies ranging from global majors to junior explorers. Mr. Prineas holds a Bachelor of Economics and Bachelor of Laws from the University of Sydney and is a Fellow of the Financial Services Institute of Australasia. Until the appointment of a new Managing Director or CEO, Mr. Prineas will assume day-to-day responsibilities for BMG matters.