- Explorer Twenty Seven Co (TSC) terminates the consultancy agreement under which the services of Simon Phillips are provided as CEO
- A search for a suitable replacement has been undertaken, and the board, led by Non-Executive Chairman Rohan Dalziell and Non-Executive Directors Mark Burchnall and Tim Armstrong will supervise operations
- The board says it is supported by a strong operational team and is confident this transition will cause minimal disruption to its business
- TSC shares last traded at 0.5 cents
Minerals explorer Twenty Seven Co (TSC) has given notice of termination of the consultancy agreement under which the services of Simon Phillips are provided as CEO.
Mr Phillips was appointed as CEO on January 20, 2021 and effective from February 1, 2021. He had 25 years financial services sector experience, including roles with Prudential, APWA and Aurum Planning.
A search for a suitable replacement has been undertaken, meanwhile the board, led by Non-Executive Chairman Rohan Dalziell and Non-Executive Directors Mark Burchnall and Tim Armstrong will supervise the company’s operations.
Stephen Pearson continues in the role of Exploration Manager and will continue to manage the company’s exploration programs.
The board has assured investors that it is supported by a strong operational team and is confident this transition will cause minimal disruption to business.
Twenty Seven Co has gold assets in Western Australia and iron oxide-gold-copper and tin projects in New South Wales.
TSC shares were trading at 0.5 cents per share this morning.