Copper exploration company Peel Mining has overhauled its executive deck with the appointment of two former top executives of New World Resources, which was recently acquired by Kinterra Capital.

Nick Woolrych has been named MD and CEO and Warwick Amos CFO. Ronnie Beevor will take over as nonexecutive chairperson, succeeding Mark Okeby, who will remain on the board as a nonexecutive director.

Rob Tyson will retire from the board, but will continue to assist the new management team on exploration and growth initiatives.

Woolrych, a mining engineer with more than 20 years’ experience, previously led New World on the development and permitting of the Antler copper project in Arizona and steered a financing and partnering process that culminated in the Kinterra deal. Prior to that, he held senior executive positions at PYBAR Mining Services and Diversified Minerals.

Amos, also formerly of New World, brings more than 15 years’ experience in corporate finance and investment banking, including at Macquarie Capital and Treadstone Resource Partners, with extensive expertise in mergers and acquisitions, financing and capital markets.

Beevor, the incoming chairperson, has more than four decades’ experience in natural resources and corporate strategy. He was formerly head of investment banking at Rothschild Australia and has served as a director of several ASX-, Aim- and TSX-listed resource companies. He is currently chairperson of Felix Gold and a director of Champion Iron and Mont Royal Resources.

The new leadership team will oversee a strategic review of Peel’s assets in the Cobar region of New South Wales, where the company has delineated a mineral resource of 22.9-million tonnes at 2.2% copper equivalent across five deposits at its South Cobar project.

Peel said its focus would shift to three key areas: targeted exploration and pre-development programmes; regional consolidation and development opportunities; and disciplined growth initiatives in Tier 1 jurisdictions.

“Peel has assembled a first-class technical team and holds one of the most strategic packages of base metals assets in the Cobar basin,” Woolrych commented.

“With the support of the renewed board, Warwick and I are excited to work with the technical team to ensure Peel’s projects deliver their full potential and to focus on all opportunities to generate significant shareholder value.”