Thor Explorations Ltd's (CVE:THX) board member Adrian Coates has been appointed as chairman of the board with immediate effect.
Coates joined the company’s board as a non-executive director in December 2016 and has been chairman of the company’s audit committee since February 2017.
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Coates has more than 25 years of experience in the mining sector and in the previous decade was global sector head of resources and energy at HSBC Bank.
"He is an experienced businessman with an extensive and outstanding track record in natural resources capital markets and corporate governance. We look forward to Adrian chairing the board as Thor embarks on its next phase,” said Segun Lawson, the president and chief executive officer of Thor.
The company also announced that Collin Ellison will join the board as a non-executive director.
Ellison’s expertise is in mine construction and project implementation and he has overseen the construction of a number of mines around the world, including significant experience in building mines in West Africa.
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“His particular skill set is very relevant to the task immediately ahead of us at Segilola, where we are completing our definitive feasibility study and will be progressing to project construction immediately after. I believe Thor’s board is now perfectly positioned to develop Segilola and meet the company’s strategic objectives as it plans to transition from an explorer to a gold producer,” Lawson said.