Just like his former mentor Joseph Gutnick, Ed Eshuys is finding it hard to resist the lure of gold riches in the Goldfields.
The former St Barbara and Apex Minerals boss yesterday returned to the region as a consultant and technical adviser of Aphrodite Gold to review the geology of the company’s namesake project, 60km north of Kalgoorlie-Boulder.
In his new role with Aphrodite, Mr Eshuys will be paid an undisclosed monthly consulting fee, 7.5 million shares and 15 million options, with a 2.5¢ strike price. If the veteran geologist stays with Aphrodite for more than a year, he will receive a further 7.5 million shares.
Shares in the Peter Buttigieg-run Aphrodite closed unchanged yesterday at 1.1¢.
The company last year reported a 1.4 million-ounce resource, contained mostly in refractory ore. Aphrodite wants to review technical aspects of the resource while it awaits regulatory approvals for a drilling program later this year.