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Twenty Seven Co. (ASX:TSC) Onboards New CEO to Boost Gold Strategy

Summary

  • Twenty Seven Co. has appointed Mr Simon Phillips as the new CEO. He has extensive experience funding gold explorers and producers.
  • The incoming CEO holds extensive exposure across the gold industry as a fund manager and an investment advisor for WA-focused gold explorers and miners.
  • He will oversee an accelerated exploration strategy across TSC’s key gold projects in Western Australia.  

Premium gold explorer Twenty Seven Co. Limited (ASX:TSC) is geared up to accelerate exploration strategy across its Rover, Yarbu and Mt Dimer gold projects in Western Australia.

In view of this, the Company has appointed Mr Simon Phillips as its new CEO, effective from 1 February 2021. He has been working with TSC in a consultancy capacity since late-2020.

He is expected to implement the revised strategic agenda, which is focused on fast-tracking the development and optimisation of these key gold projects. Mr Philips will also work towards enhancing the Company’s profile with the investment community through leveraging his network.

Read Here: Twenty Seven Co. (ASX:TSC) in Hotseat to Cash in on WA Archean Gold Opportunity

He will replace the outgoing CEO Ian Warland, who has resigned to pursue new opportunity closer to Adelaide.

Seasoned Professional with Strong Exposure to Gold Industry

Mr Simon Philips holds an extensive experience of over 25 years in the financial services industry, with professional stints at Prudential, APWA and Aurum Planning.

During his extensive tenure, he provided strategic advisory services concerning investments and optimal portfolio allocation with a strong focus on the gold industry. In the past, he also served as a fund manager and an investment advisor for gold explorers and miners focused on Western Australia.

During the decade-long tenure at Aurum Planning, Mr Phillips served as the Chairman of the Investment Committee. He oversaw the allocation of funds to prospective gold explorers and miners. Of these emerging players, many have grown substantially into major operations, making considerable value addition for the clients.

Must Read: Twenty Seven Co. (ASX:TSC) Discovers Three Large Gold Anomalies at Rover

Following up on the initial allocation, Mr Philips interacted with a variety of stakeholders including geologists, engineers and drilling contractors, providing an excellent grounding in the key dynamics driving resource projects from exploration to operations.  

He holds a Diploma of Financial Markets and Advising from FINSIA (Financial Services Institute of Australasia).

TSC Chairman Rob Scott has highlighted that the uniquely blended skillset of Mr Simon Philips would drive the Company’s forward strategy. He will focus on the three WA goldfield properties, particularly on Mt Dimer. The Company is likely to unveil plans for the maiden drilling campaign at the Mt Dimer project in the near term. 

The Company is set to relocate the head office from Adelaide to Perth by the end of Q1 2021. 

Important Read: Twenty Seven Co. (ASX:TSC) Secures Approval for Mt Dimer Drilling

TSC traded at A$0.006 a share on 21 January 2021.

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