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Torian Resources up 50% on appointment of two new directors to the board

In conjunction with the appointments, Torian’s managing director Mark Borman will step down from the board but continue as chief executive officer.

Torian Resources Ltd - Torian Resources appoints two new non-executive directors to the board
Torian holds an extensive land holding comprising eight projects in the Goldfields region of WA

Torian Resources Ltd (ASX:TNR) has strengthened its board with the appointment of Angus Middleton and Stephen Jones as non-executive directors.

The appointments bring a depth of corporate, financial and mining expertise to the Torian board to assist in advancing its strategy to unlock the value of key Western Australian gold assets.

Investors responded positively to the changes with shares up as much as 50% to an intra-day high of 1.8 cents.

Middleton is a fund manager and former stockbroker with extensive experience in the capital markets sector, particularly in the resource sector.

Jones is a mining engineer with more than 30 years’ experience including at least 15 years at senior management level in all facets of mining operations in underground and open cut mines.

“Two highly experienced directors”

Chairman Richard Mehan said the company was delighted to have attracted two highly experienced directors with a combination of corporate, financial and mining expertise to strengthen its senior leadership team.

He said: “We are delighted to welcome Angus and Stephen to the Torian board following an extensive search process that commenced at the start of the year.

“They bring an impressive depth of experience across the Australian resource sector and I am confident that they will make a strong contribution to the ongoing development, implementation and achievement of Torian’s strategic goals.”

Previous roles

Middleton is a director of SA Capital Pty Ltd, a corporate advisory firm specialising in equity raisings and underwriting, as well as managing director of SA Capital Funds Management Ltd.

Jones has held a range of senior management, operational and corporate positions including as general manager for Territory Resources Ltd and general manager mineral ventures for GBF Underground Mining Company.

Quick facts: Torian Resources Ltd

Price: 0.035 AUD

ASX:TNR
Market: ASX
Market Cap: $15.59 m
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