logo-loader
viewTalisman Mining Ltd

Talisman Mining appoints one of WA’s most successful mining executives Kerry Harmanis as non-executive chairman

The company has highly prospective properties in several richly endowed areas of New South Wales, including the Lachlan Fold Belt and Cobar/Mineral Hill region.

Talisman Mining Ltd - Talisman Mining appoints one of WA’s most successful mining executives Kerry Harmanis to non-executive chairman role
Taliman aims to maximise value through exploration, discovery and development of opportunities in base and precious metals

Talisman Mining Ltd (ASX:TLM) has appointed one of Western Australia’s most successful mining executives and investors Kerry Harmanis as non-executive chairman effective immediately.

Harmanis has been a major shareholder and strong supporter of Talisman since 2007 and currently holds an 18% stake in the company.

Jubilee founder

With a career spanning more than 40 years in the Australian exploration and mining industry, Harmanis was the founder and executive chairman of Jubilee Mines, a West Australian nickel miner which he established in 1987.

Through a combination of exploration success, focused project development and operational consistency, Jubilee Mines grew to become one of the most successful mid-tier miners on the ASX until its acquisition by Xstrata in 2007 for A$3.1 billion in October 2007.

Harmanis will succeed current chair Jeremy Kirkwood who will remain on the board as a non-executive director.

“Experience, energy and opportunities”

Kirkwood said: “Kerry has been a long-standing shareholder and supporter of Talisman.

“He will bring experience, energy and opportunities to Talisman, which has significantly transformed over the past two years through the sale of its Monty and Sinclair assets to become a pure, cash-backed exploration company with a prospective royalty portfolio.”

“Well placed” in buoyant market

Harmanis said: “Talisman has an exciting future in front of it and I am looking forward to the challenge of leading the company as it embarks on this next chapter in its history.

“Talisman is well placed to participate in what is currently a buoyant market for junior exploration companies, especially in the gold sector, and our focus will be both to maximise returns from our existing assets while also looking for new growth opportunities in the gold and base metals sector in Western Australia.

“We will adopt a patient, systematic and judicious approach in our search for new projects to ensure we find the right assets with the potential to create long-term shareholder value for Talisman.”

Under the terms of his appointment, Harmanis has elected not to receive a salary or be issued with any shares in his role as non-executive chairman.

Quick facts: Talisman Mining Ltd

Price: 0.15 AUD

ASX:TLM
Market: ASX
Market Cap: $27.99 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Talisman Mining Ltd named herein, including the promotion by the Company of Talisman Mining Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Talisman Mining sets the scene for 2020 with key position...

Talisman Mining Ltd (ASX:TLM) managing director Dan Madden updates Proactive on the company’s highlights for 2019 and provides a review of its corporate snapshot, which includes strong assets and financial position leading into 2020. Madden said drilling was underway at the company’s Lachlan...

on 5/12/19

2 min read