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Tolu Minerals Limited (ASX:TOK)

ALERT: Price-sensitive ASX Announcement for TOK
Current share price for TOK : $1.200 -0.14 (-10.45%)+
Announcement
Release
10 Nov 2025 7:28PM
Price at Release
$1.340
Full Release
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Summary
Tolu Minerals Limited, trading under ASX: TOK and OTCQX: TOLUF, announced the appointment of Dr. Chris Muller as the new Managing Director and CEO effective 10 November 2025. Dr. Muller, who was previously involved in significant mining projects in Papua New Guinea, including the Simberi Gold Mine and the Kainantu Gold-Copper Mine, is set to lead Tolu Minerals into a phase of increased exploration and resource definition as the company prepares for production. Dr. Muller holds an impressive background in mining with over 25 years of experience and has played crucial roles in major mineral discoveries. His remuneration package includes an annual salary of $475,000 and Executive Performance Rights subject to meeting specific KPIs. This leadership change is part of Tolu's strategic focus on enhancing its mining operations and resource management capabilities.
Key Points
  • Appointment of Dr. Chris Muller as Managing Director and CEO.
  • Dr. Muller has over 25 years of global mining and exploration experience.
  • He is recognized for contributions to significant mining projects in Papua New Guinea.
  • Dr. Muller holds a first-class honours degree in economic geology and a PhD.
  • Remuneration includes a $475,000 salary and performance rights contingent on KPI achievements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.