Forrestania Resources Limited announced the appointment of Dr. Michael Anderson as managing director. Dr. Anderson is a respected and high performing resource industry executive with extensive management and technical experience in both Australia and Africa built up over a career spanning more than 30 years. Dr. Anderson was Managing Director of Firefinch Limited during a pivotal period for the Company in its transformation from junior gold and lithium explorer to gold producer and lithium developer culminating in the successful de-merger of Leo Lithium from Firefinch. Prior to Firefinch, he had a long experience with Taurus Funds Management where he oversaw Taurus' investment into numerous advanced and development stage resources projects globally. He also acted in an executive capacity for a copper producer and represented the fund's interests on the board of several investee companies. As Managing Director of Exco Resources, Dr Anderson led the company to a number of major achievements. These included transitioning from explorer to profitable
producer through the successful development of the White Dam Gold Mine; advancement of resource development; feasibility studies and approvals for the Cloncurry Copper Project ahead of its ultimate sale to Xstrata for $175 million; numerous funding arrangements and significant share price re-rating and a five-fold increase in market capitalisation. Dr. Anderson holds a Bachelor of Science (1st Class Honours in Mining Geology) and a Doctor of Philosophy (PhD) in Mining Geology both from the Royal School of Mines Imperial College, University of London. Dr. Anderson will join the company from 7 March 2023.