Mr Trangie Johnston was named as Managing Director of Broken Hill Prospecting Limited (BPL), adding to his current role as CEO. The appointment follows the Company's articulation of an aggressive growth and value adding strategy through its 2017 Annual General Meeting Presentation.
Mr Johnston will take up his new post effective immediately, with key objectives in the early part of 2018 being acceleration of base, precious and industrial metals exploration at the Company's project areas near Broken Hill and the identification of an optimal value adding route for the Company's advanced stage mineral sands projects in the Murray Basin. Additionally, Mr Johnston will continue playing an active role in the Thackaringa Joint Venture with Cobalt Blue Holdings.
Creagh O'Connor, Broken Hill Prospecting's Chairman sees Mr Trangie's appointment as Managing Director to be a logical progression in his role with the Company.
"He has played a pivotal role in BPL's major value adding initiatives in 2017, such as the Cobalt Blue spin-off and expansion of our mineral sands portfolio within the Murray Basin", said Mr O'Connor.
Mr Johnston recognises that his challenge is to optimise BPL's performance and keep adding value.
"Late last year the Board and I formulated a blueprint for the growth of the Company through 2018. I'm looking forward to delivering against that strategy and positioning BPL, over time, to become a mid-tier, multi-commodity, multi-project miner," said Mr Johnston.