West Perth-based Ten Sixty Four has gone into voluntary administration after a tumultuous period for the gold miner’s board of directors.
Ten Sixty Four advised the market today that it has entered voluntary administration with the company’s board of directors appointing PwC’s Martin Ford and Simon Theobald as administrators.
The company’s ASX statement said the administrators would undertake a preliminary review and assessment of Ten Sixty Four’s operations.
“Since taking office following the resignation of the previous directors on 19 June 2023, the newly appointed board has commissioned a detailed financial analysis of the group’s business,” the statement said.
The board entered voluntary administration with a strong desire to restructure the group, according to the statement.
The update comes after Ten Sixty Four managing director Jeff McGlinn, and non-executive directors Simon Mottram and Andrew Hunt announced their resignation on June 19.
Non-executive chair Kate George also announced her resignation earlier that day, after just more than six months in the role.
Andrew Brown, Debra Bakker, William DeCooman Jr, Jonathan Shellabear and Walter Robert Milbourne Jr were appointed as directors to…