On August 30, 2023, SQX Resources Limited announced that Patric Glovac and David Sanders have been appointed to the Company board following the resignation of Bryan Granzien and Tim Cooper, with such changes effective August 29, 2023. In addition, the Company stated that the board changes follow a notice received under section 249D of the Corporations Act from Mounts Bay Investments Pty Ltd requesting the Company call and arrange to hold a general meeting of the Company to consider reconstitution of the Board. Further, the Company stated that it is expected that the shareholder meeting scheduled for September 28, 2023, pursuant to section 249D of the Corporations Act 2001 will no longer be held, as the requisitioning shareholder is likely to withdraw its request for the meeting in light of the board changes.