Traka Resources announces new CEO and board changes

Traka Resources Limited (ASX: $TKL) has appointed Mr. Stephen Lynn as its new Chief Executive Officer, bringing over 25 years' experience in exploration and development for various commodities. The company also announced the resignation of Mr. Patrick Verbeek and Mr. Joshua Pitt from the Board, with Mr. Verbeek stepping down as Executive Director effective 31 August 2024 and Mr. Pitt resigning from the Board effective the same date.

Traka Resources Chairman and Company Secretary's comments on the changes

Traka's Non-Executive Chairman, Harvey Kaplan, expressed his enthusiasm for the appointment of Mr. Stephen Lynn as CEO, highlighting his experience and energy. He also mentioned the company's plans to assess existing assets and complete due diligence on projects in Mozambique. The Board extends its gratitude to Mr. Patrick Verbeek and Mr. Joshua Pitt for their dedicated service and contributions to Traka.

Summary of Traka Resources' announcement

Traka Resources has appointed Mr. Stephen Lynn as its new CEO, signaling a strategic move to leverage his extensive experience in exploration and development. The company also bid farewell to Mr. Patrick Verbeek and Mr. Joshua Pitt, acknowledging their significant contributions. Traka's focus on assessing existing assets and exploring new energy materials projects reflects its commitment to advancing its corporate strategy and growth.