The Board of Fin Resources Limited (the Company) is pleased to advise that it has completed the acquisition of the majority interests in the following Western Australian projects (Projects):
▪ a 51% interest in exploration licence E80/4808 (McKenzie Springs Project), and the right to farm-in to an additional 19% interest in the Project;
▪ a 51% interest in exploration licence E20/900 (South Big Bell Project), and the right to farm-in to an additional 19% interest in the Project; and
▪ a 51% interest in exploration licence E28/2652 (Sentinel Project), and the right to farm-in to an additional 19% interest in the Project, (together, the Acquisition).
Board Changes
Following completion of the Acquisition, the Company has made changes to its Board, with existing Directors, Greg Bandy and Nathan Rayner, stepping down from their positions and Justin Tremain and Andrew Radonjic being appointed as Non-Executive Directors. The Company would like to thank Mr Bandy and Mr Rayner for their contribution to the Company, their efforts have been much appreciated and the Board wishes them all the best in their future endeavours. A brief biography for each of the incoming Directors is provided as follows:
Mr Justin Tremain (B.Com)
Mr Tremain co-founded ASX listed Renaissance Minerals Limited in June 2010 and served as Managing Director until its takeover by Emerald Resources NL (ASX: EMR) in November 2016. Mr Tremain is the Managing Director of ASX listed Novo Litio Limited (ASX: NLI), a Non-Executive Director of Emerald Resources NL and Odin Metals Limited and the Non-Executive Chairman of Berkut Minerals Limited (ASX: BMT). Prior to founding Renaissance Minerals, Mr Tremain had over 10 years’ investment banking experience in the natural resources sector. He has held positions with Investec, NM Rothschild & Sons and Macquarie Bank and has extensive experience in the funding of natural resource projects in the junior to mid-tier resource sector.
NLI Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
