Navigator Resources has recruited Andy Tudor to succeed David Hatch as its new managing director to try and turn around the fortunes of the struggling gold miner.
Mr Tudor has extensive experience in the mining sector, including various senior roles in project management, geology and minerals exploration.
Most recently, Mr Tudor was general manager at international mining and energy consulting group, Mining Associates.
The gold miner said it was also in the process of finalising the terms of a proposed rights issue, and expects to make an announcement early next week.
Also today, Navigator announced an agreement with a private royalty holder for the deferral of a royalty payment over the Bronzewing gold project until October 2013.
The deferred amount will earn interest at a rate of 12 per cent per year, Navigator said.
Navigator stocks last traded at 0.8 cents, after being placed into a halt on May 25.
The company's shares were trading as high as 14 cents a year ago.
