"ERO Mining announces former Ramelius Resources head Joseph Houldsworth as MD, more than 20 million shares traded
ERO MINING shares are trading 25 per cent higher following the appointment of former Ramelius Resources head Joseph Houldsworth as the junior explorer's new managing director.
In what could be its best trading day to date, about 21 million shares worth about 5c each had changed hands by 1.15 AEST.
Mr Houldsworth, who served as managing director of Ramelius Resources from its founding until 2010, has over 40 years experience in the minerals and gold mining industry.
ERO Mining chairman Robert Kennedy said Mr Houldsworth was an integral part of the team that transformed Ramelius Resources into a highly profitable gold miner, and ERO Mining hoped to replicate that success.
ERO Mining has lithium, IOCG, uranium and gold assets in South Australia and the Northern Territory, but is looking to expand its portfolio.
Mr Houldsworth's appointment coincides with the retirement of non-executive directors Hector Gordon and Michael Hatcher.
Corporate, mining and petroleum lawyer Ewan Vickery will replace the pair as a director."
ERO Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held