The Board of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR), are pleased to advise of changes to the board of directors of the Company.
Thor Mining has made considerable progress of late, with significant project advancement and a shift to focusing on the commercialisation of our key interests, alongside assessing high impact additional opportunities. The Board has thus decided to appoint a further mining industry professional to the Board to assist project development and commercialisation activities.
The role to be filled is expected to be an additional Executive Director and the candidate is currently undergoing standard due diligence expected of all AIM company proposed directors. A further update will be provided when due diligence is completed.
Further, in recognition of progress achieved, including the Company’s more robust financial position, and to allow him to focus on his other increasingly time consuming business interests, Gervaise Heddle has stepped down as Non-Executive Director of the Company, with effect from 14 December 2017.
Mick Billing, Executive Chairman, commented:
“The Company had identified a requirement for a full time mining executive at board level to help drive the strategy of commercialisation of our key advanced assets and as it assesses new opportunities, including the potential for lithium and conglomerate hosted gold in the Pilbara Region of Western Australia.”
“I would like to thank outgoing director Gervaise Heddle, who has resigned due to demands associated with executive responsibilities elsewhere. He has been a source of sound commercial advice during his tenure. We wish Gervaise well and are grateful for his service.”
“Thor is actively finalising various project specific work activities and we anticipate further updates will be provided to the market in this regard in the near term.”
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