Minemakers names CEO for tungsten & fluorspar spin-off company
ASX-listed Minemakers, which owns some of the world s largest phosphate rock projects, has appointed Michael Hannington as the MD and CEO of its Tasmanian tungsten and fluorspar asset spin-off, TNT Mines.
Hannington, who was until recently the MD of Alchemy Resources, would supervise the ASX-listing of TNT Mines, which is planned for the end of the second quarter.
TNT Mines holds all the ingredients for a successful company, highly qualified and experienced people with all the skills the company requires, projects with huge potential, and an industrialising global economy hungry for tin, tungsten and fluorspar, said Hannington.
TNT would hold the tin and tungsten mines of Aberfoyle and Storey s Creek, as well as the Lutwyche tin/tungsten deposit, the Anchor tin mine, the Royal George tin mine, and the Great Pyramid tin deposit, as well as various other exploration targets.
The new company would also acquire Minemakers option to buy an initial 80% holding of the Moina fluorspar and polymetallic deposit. Moina is believed to be the largest known undeveloped fluorspar deposit in the world.
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