Canyon Resources Ltd has announced that Mr Dimitri Bacopanos joined the Board of as a Non-Executive Director.

Mr Bacopanos’ appointment follows the completion of the successful A$10 million equity placement by the Company, including completion of the A$5.6m investment in Canyon by interests associated with Peter Su. Mr Bacopanos has been nominated as a director by Mr Su, according to the subscription agreement entered into between the Company and interests associated with Mr Su as announced on ASX on 31^st August’20.

Dimitri Bacopanos is a Chartered Accountant and Fellow of the Securities Institute of Australia with more than thirty years of experience in a wide range of industries, geographies and roles. He was previously an Executive Director with Ernst & Young in their Transaction Advisory Services division and has held executive director roles in public and private operating entities in China.

Mr Bacopanos was previously a director of the first privately owned steel mill in Vietnam, VinauSteel, and Finance Director and Company Secretary for Compact Steel. More recently Mr Bacopanos has undertaken consulting roles in the lithium, copper, gold and nickel sectors that have involved advising on and negotiating EPC contracts, funding structures and offtake agreements.

He is currently a non-executive director of Threat Protect Australia Ltd.

Canyon’s Chairman, Mr David Netherway said, “I am pleased to welcome Dimitri to the Canyon Resources Board of Directors. Dimitri was instrumental in assisting with the recent fundraise and, with his Chinese and South-East Asian business relationships developed through many years of commercial activity, will also be valuable in assisting the development of the Minim Martap Project. Besides, his long professional and commercial experience at Ernst & Young and elsewhere will make him a valuable addition to our Board.”