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Talisman Mining (ASX:TLM) Outgoing Managing Director, Dan Madden - The Market Herald
Source: 121 Mining Investment
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  • Mineral development and exploration company Talisman Mining (TLM) has appointed Shaun Vokes as the company's interim Chief Executive Officer
  • Mr Vokes succeeds Dan Madden who has resigned as managing director after ten years of service to pursue a new career
  • Prior to the appointment, Mr Vokes was Cheif Financial Officer and Company Secretary at Talisman between 2016 and 2020 as well as other senior executive roles in the international mining industry
  • To add to the news, the company's general manager of geology, Tony Greenaway, has been made redundant as a result of the company's desire to reduce overheads
  • Tailsman Mining share are trading 4.3 per cent lower at 12 cents

Mineral development and exploration company Talisman Mining (TLM) has appointed Shaun Vokes as the company's interim Chief Executive Officer.

Mr Vokes succeeds Dan Madden who has resigned as Managing Director after 10 years of service to pursue a new career. Mr Madden will stay on the board until November as a non executive director, to ensure a smooth handover at the company's annual general meeting.

Mr Vokes has been already working with Talisman since 2016, as Chief Financial Officer and Company Secretary. He played a key role in Talisman's $72.3 million sale of its interests in the Monty copper-gold joint venture, as well as the sale of its $10m plus royalties interests in the Sinclair Nickel Project.

With a quarter of a century of experience in the mining industry, Mr Vokes has held other senior executive roles, including with Saracen Gold Mines and the Kabanga Nickel Company in Tanzania.

Mr Vokes will work closely with Talisman's Chairman Kerry Harmanis and his team to identify and evaluate new projects in the Australian gold sector.

Chairman Mr Harmanis said Mr Vokes was well equipped to help the company move forward.

"Mr Vokes was ideally qualified to help steer the company through an important transitional phase over the next few months, as it progresses a number of exciting new growth opportunities in the Australian gold sector," Mr Harmanis said.

Shaun’s strong commercial and business acumen and deep knowledge and contact network within the mining industry will be invaluable as we undertake due diligence on new project opportunities," he said.

Mr Harmanis also said Talisman was well funded for the future with over $11 million in cash and a significant royalty portfolio.

To add to the news, the company's general manager of geology, Tony Greenaway, has been made redundant as the company reduces overheads.

Talisman Mining shares are trading 4.3 per cent lower at 12 cents.

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