Doray’s Allan Kelly in shock resignation

0 Comment
 25 Nov 2016   Posted by admin


Mines and Petroleum minister Sean L’Estrange with now former Doray managing director Allan Kelly.

Image: Doray Minerals.


By Cameron Drummond


DORAY minerals founder and managing director Allan Kelly has resigned ahead of the company’s annual general meeting on 28 November.

Doray announced that Mr Kelly resigned due to personal reasons, with non-executive director Leigh Junk assuming the role until a formal replacement was found.

Just one month earlier Mr Kelly was joined by Mines and Petroleum minister Sean L’Estrange at the official opening of Doray’s Deflector gold mine 160km east of Geraldton; the second high-grade gold project the company had commissioned in four years.

Mr Kelly managed the company for seven and a half years of successes, including its listing to the ASX in 2010 when it was recognised as the most successful Initial Public Offering (IPO) of that year in terms of share price increase.

Doray non-executive chairman Peter Lester said that in just over seven years Mr Kelly has taken the company from a concept as a greenfields explorer to an ASX300 gold producer.

“Allan built a company with a strong foundation for future growth and has left Doray in good hands,” Mr Lester said.