Troy Resources Limited advised that it has appointed Acting Chairman, Fred Grimwade to the role of Chairman. Grimwade has been a Non-Executive Director of the company since November 2010. In July 2015 he was appointed Acting Chairman following Mr. Dix taking medical leave of absence due to ill health.

With Grimwade's appointment as Chairman, the Board is reviewing its composition to address compliance with key Corporate Governance Principles and Recommendations in relation to independence and committee structures.