Two highly experienced non-executive directors – Scott Perry and Mark Strizek – will join the board of Toubani Resources Inc (ASX:TRE, OTC:AGGFF) today.
Perry and Strizek have long respective track records in the sector, particularly in area of corporate initiatives and the advancement of development-stage assets.
Golden experience
Perry has more than 25 years of international senior executive experience in the mining industry, focusing on corporate transactions, project financing and development.
In a past life, he was CEO and director of Centerra Gold, where he led the US$1.1 billion acquisition of Thompson Creek Metals in 2016 and the US$240 million acquisition of AuRico Metals in 2017, among several other corporate initiatives. He also led AuRico Gold, driving its US$1.5 billion merger with Alamos Gold in 2015.
Perry is a former director of the World Gold Council, serving as the audit committee chairman.
Resource expansion nous
Strizek is a geologist and resource industry professional with more than 27 years in the mining industry, targeting gold, base and technology metals. He has worked extensively as an executive with management and board responsibilities across Australia, West Africa, Asia and Europe.
Most recently, Strizek was a director and executive director of ASX-listed Tietto Minerals Ltd (ASX:TIE) which went from IPO in 2018 to first gold at its 4.5-million-tonne-per-annum gold project in Côte d'Ivoire in January 2023, and was admitted to the ASX 300 in March 2023.
Before that, Strizek was managing director of Vital Metals Limited (ASX:VML), an ASX-listed company from 2011 to 2019.
The two replace Jan-Erik Back and Doug Jendry, who are retiring from the board, which now consists of executive chairman Danny Callow, the new non-executive directors who join Tim Kestell, and CEO and executive director Phil Russo. In June, Callow will transition to non-executive chairman.
Unlocked potential
“The addition of Scott and Mark to the Toubani board is testament to the unlocked potential seen in the Kobada gold project,” Russo said.
“This potential is magnified when coupled with the currently ascribed market value of the company. On behalf of the board, I would like to thank Jan-Erik and Doug for their guidance in repositioning the company and wish them well in their future endeavours.
“I also welcome Scott and Mark and look forward to drawing from their experience going forward.
“Toubani’s now simplified listing structure, its continued exploration momentum and current optimisation efforts to right-size the project, combined with the bolstering of our board and management team auger positively in driving Kobada forward towards realising the value in the asset for our stakeholders.”