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Triton Minerals Refreshes Board

Jan. 27, 2014 5:56 PM ET
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Triton Minerals (ASX: TON) has refreshed its board of directors with the appointment of Anthony Baillieu as the non-executive chairman and Alan Jenks as the non-executive deputy chairman.

The company also appointed Jason Macdonald as a non-executive director of the company.

Baillieu has had a long career in insurance, stock broking and asset management and has worked in the United Kingdom, Australia, the Middle East and Hong Kong.

He was a partner of Australian stockbroker Roach Tilley Grice prior to its sale in 1991 and subsequently in 1992, established Anthony Baillieu and Associates (Hong Kong) Ltd, a specialist financial services executive recruitment company.

Baillieu was the non-executive chairman of Hong Kong-listed Regent Pacific Group from 2003 and 2005 and holds, and has held, a number of directorships including The Eastern European Property Fund, The Charlemagne Capital Russia Fund, Discover Asia Investments and Discover Europe Investments.

Jenks has over 20 years experience in early stage investments in the junior resource sector with a focus on companies with key projects in Australia and Africa.

He obtained knowledge of South African platinum group metals exploration companies in and around the Bushveld complex and had in 2001 established a PGM recycling company, Catalytic Converters Recycling Services, which he remains the managing director.

Jenks has in the last 18 months become a cornerstone investor in the company, holding a 15.18% stake, and has actively supported the growth and development - including its move into the graphite sector with the acquisition of the key graphite projects in Mozambique.

He continues that support of Triton and has established a large group of UK based investors for the company.

Macdonald is a qualified legal practitioner who has practiced in both the mining corporate/commercial and commercial litigation areas.

He is also a director of several private resource companies and has a long history of involvement in the resource industry. He has a diverse range of corporate, capital market and mining related experience.

Former chairman Malcolm James has stepped down from the board with immediate effect due to his other ongoing commitments.

Brad Boyle remains the managing director of the company.

Triton had last week announced that it had intersected near surface high grade material of up to 28.6% graphite from drilling at its Balama North project in Mozambique.

Widths and grades were impressive and demonstrate the possible scale of the graphitic mineralisation at Balama North.

The initial two hole diamond drill program at Nicanda Hill confirmed multiple zones of high grade graphitic material over significant widths with notable intersections including:

- 14.7 metres at 18.7% Weighted Average Graphite Carbon from 3.3 metres including 1 metre at 24.9% graphite and 1 metres at 28.6% graphite;
- 40 metres at 14.2% graphite from 88.1 metres including 7 metres at 18.9% graphite and 10 metres at 20.1% graphite; and
- 12.3 metres at 12.3% graphite from 19.3 metres including 1 metres at 25.5% graphite and 15.5 metres at 11.2% graphite from 33.8 metres.

Triton Minerals' MD Brad Boyle PRESENTING IN SYDNEY. Click here for further details and to register.

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