Mineral explorer Conquest Mining Ltd's (ASX: CQT) complete takeover of North Queensland Metals Ltd (ASX: NQM) assumes a full-swing mode as Conquest chair Jake Klein took the helm on Friday as new chairman of the target company.

Conquest gained effective control of NQM when it bought more than 50 percent of holdings in the target company, which was eventually upgraded to a total controlling stakes of 78.44 percent.

In a statement made public on Friday, NQM said that Conquest company secretary Aaron Colleran and company representative Brian Davidson also assumed their new roles as directors of the target company.

NQM said that Mr Klein served as chief executive of Sino Gold Mining Ltd until its acquisition Eldorado Gold Corporation of Canada last year while Mr Davidson is a corporate lawyer with comprehensive dealings in the natural resources industry.

The target company also reported that as requested by the new management, NQM directors Neville Thomas, Michael Tilley and Bruce Kay left their posts to make way for fresh approach set to be introduced by Conquest Mining.

Conquest Mining managed to acquire NQM following its successful bid of $68.6 million, which narrowly edged out the rival offer of $68.5 million by Heemskirk Consolidated Ltd, which was NQM's previous partner at the Pajingo gold mining site in Queensland.

Heemskirk has since divested its 40 percent interests in the Pajingo project to Conquest for $37 million.