Theta Gold Mines Ltd (ASX:TGM) has enhanced its board skillset with the appointment of mining industry veteran Byron Dumpleton as a non-executive director.
Dumpleton’s vast mining experience spans across 30 years in Australia and Asia with a strong background in geology, mining operations, ore resources and corporate funding processes.
His career includes working with several iconic mining houses including, Western Mining Corporation (WMC), Newcrest Mining, Straits Resources and Kalgoorlie Consolidated Gold Mines (Super Pit).
In another board change, Bill Guy, who is currently non-executive chairman, will assume the role of executive chairman.
“Worked at all levels in mining”
Theta chairman Bill Guy said: “It’s a pleasure to welcome Mr Dumpleton to the Theta board.
“Mr Dumpleton has worked at all levels in the mining industry at some of Australia’s most high-profile mines including Niffy Copper Mine, St Ives Gold Mine, Telfer Gold Mine, Kalgoorlie Super Pit and across Asia-Pacific regions.”
“He has technical excellence in resource geology and has a strong operational background in underground and open pit mining operations.
"These skills will be important as Theta develops its TGME Gold Project”.
Notable achievements in due diligence
Dumpleton has corporate experience in the due diligence process with multiple lending institutions for the funding of several projects with Straits Resources and Red 5 Limited.
His most recent outing for Red 5 helped secure a A$175 million debt facility with banking syndicates comprising Macquarie Bank Limited, BNP Paribas (Australia) and The Hong Kong and Shanghai Banking Corporation Limited (HSBC) (Australia).
Notably, He also has more than seven years of experience as chief geologist for Red 5.
Guy adds: “The broking and banking community knows Byron from his work with multiple mining houses, from banking due diligence programs, investor presentations and broker briefings.
“His skills and networks will assist Theta and have come at right time in the company development.”
New executive chairman
Bill Guy will assume the role of executive chairman immediately.
He has been part of the Theta board since March 8, 2018, as a non-executive director and was appointed non-executive chairman on September 6, 2018.
Commenting on his step-up, Guy said: “The company is going through a transitional phase from a gold explorer towards producer status and I am honored to have the board’s trust and support to take on this executive leadership role for Theta.”