Dragon Mountain Gold Ltd Announces Board Changes

Perth, Australia – June 17, 2025 – Dragon Mountain Gold Limited (ASX: DMG), a company specializing in metals and mining, has announced significant changes to its board of directors. The company, which operates gold projects in partnership with Chinese joint venture partners, has seen the resignation of Mr. Jay Stephenson and the appointment of Mr. Nicholas Ong as a Director and Company Secretary.

Mr. Jay Stephenson, who served as a Director and Company Secretary, has resigned from his positions to focus on other business interests. The Board of Dragon Mountain Gold Ltd has expressed its gratitude for Mr. Stephenson’s contributions and service during his tenure.

In a move to strengthen its governance and compliance framework, the Board has appointed Mr. Nicholas Ong as a Director and Company Secretary, effective immediately. Mr. Ong brings over 20 years of experience in listing rules compliance and corporate governance. His extensive background includes senior executive roles in gold mining and processing operations, as well as expertise in offtake contract negotiations.

Mr. Ong is a fellow member of the Governance Institute of Australia and holds a Bachelor of Commerce and a Master of Business Administration from the University of Western Australia. His appointment is expected to bolster the company’s strategic direction and operational efficiency.

Financial Overview

As of June 12, 2025, Dragon Mountain Gold Ltd’s share price closed at AUD 0.004, marking both the 52-week high and low. The company’s market capitalization stands at AUD 1,580,000. The price-to-earnings ratio is currently at -4.82, reflecting the company’s financial performance and market conditions.

Regulatory Compliance

In line with ASX listing rules, Dragon Mountain Gold Ltd has filed both an Initial and Final Director’s Interest Notice. The Initial Director’s Interest Notice pertains to Mr. Nicholas Ong, who was appointed on June 17, 2025. The Final Director’s Interest Notice confirms the cessation of Mr. Jay Stephenson’s directorship on the same date.

These filings ensure transparency and compliance with the Corporations Act, as required by ASX regulations. Information and documents submitted to ASX may be made public, reinforcing the company’s commitment to regulatory adherence.

For further information, Dragon Mountain Gold Ltd can be contacted through their website at www.dragonmountain.com.au or via their Chairman, Robert Gardner, at +61 8 9215 6300.

Conclusion

The recent board changes at Dragon Mountain Gold Ltd signify a strategic shift aimed at enhancing governance and operational capabilities. With Mr. Nicholas Ong at the helm, the company is poised to navigate the challenges and opportunities within the metals and mining sector.