He replaces Glenn Dovaston, who has resigned after leading the company’s turnaround over the past two years.

The company thanked Dovaston and wished him the best for his future endeavours.

Cash has been general manager, corporate development for Millennium for the past two years, and before that, held similar roles at Talisman Mining and Focus Minerals.

The appointment comes after Millennium promoted Greg Bittar to chairman, and appointed former Doray Minerals chairman Peter Lester as a director.

Bittar said Cash had played a leading role in Millennium’s recent success.

“Peter has extensive knowledge of Nullagine and what is required to ensure it continues to perform strongly and develop for the future,” he said.
 
“This knowledge, combined with his experience in capital markets, means Peter is ideally-placed to lead Millennium as we seek to capitalise on the company’s strong cashflow, debt-free balance sheet and extensive exploration potential.”
 
Millennium’s success in the past two years was capped off this month, with the company being admitted to the All Ordinaries index as of today.

Nullagine is expected to produce 80,000-85,000 ounces of gold at all-in sustaining costs of $A1190-1220 an ounce this year, after delivering 86,325oz last year at $1213/oz last year.

The company will also continue its aggressive push to extend mine life, with a $15 million exploration budget.

It comes after $13.9 million was spent last year, resulting in a recent 48% jump in reserves to 185,900oz at a cost of just $87/oz.

Shares in Millennium rose by 3.7% to 28c.