Johnny Auna Appointed CEO of Bougainville Copper After Acting Since July 2024

Leadership Transition at a Critical Juncture

Bougainville Copper Limited (ASX: BOC) has confirmed the appointment of Johnny Patterson Auna as its Chief Executive Officer, solidifying leadership continuity after a period of interim management. Mr Auna, a Bougainvillean native, has been serving as Acting CEO since July 2024 following the resignation of the late David Osikore. His formal elevation to CEO comes as the company prepares to transition from exploration to a more active operational phase at the Panguna mine project.

Experienced Executive with Deep Local Roots

Mr Auna’s appointment brings a wealth of experience to Bougainville Copper. With over three decades in finance, strategic planning, and senior management roles across Papua New Guinea and Australia, he is well-positioned to navigate the complexities of mining operations and stakeholder engagement in the region. Prior to joining BOC in March 2024 as Chief Financial Officer and Company Secretary, Auna served as Secretary of the Department of Treasury and Finance for the Autonomous Bougainville Government (ABG), providing him with invaluable insight into local governance and economic frameworks.

Strategic Timing Amid Licence Extension

The timing of Auna’s appointment is particularly significant. In February 2024, Bougainville Copper secured a five-year extension of its EL01 exploration licence covering the Panguna mine area, a critical asset for the company’s future growth. This extension underpins the company’s plans to intensify exploration and development activities, signaling a shift towards operational readiness. Auna’s local knowledge and government connections are expected to facilitate smoother project advancement and community relations during this pivotal phase.

Interim Dual Roles and Future Appointments

While stepping into the CEO role, Mr Auna will continue to fulfill his duties as Chief Financial Officer and Company Secretary until suitable successors are appointed. This dual responsibility underscores the transitional nature of the company’s leadership structure and highlights the board’s confidence in Auna’s capacity to manage multiple critical functions simultaneously. Investors will be watching closely for announcements regarding these appointments, which will complete the executive team’s restructuring.

Looking Ahead

Bougainville Copper’s leadership update signals a renewed focus on operational execution and stakeholder engagement as the company moves closer to unlocking the potential of the Panguna project. With a CEO who combines technical expertise, financial acumen, and strong local ties, the company appears well-positioned to navigate the challenges ahead. However, the pace and clarity of forthcoming operational plans will be key to sustaining investor confidence and advancing the project’s development trajectory.