The Board of Carbine Tungsten Limited announced the appointment of Mr. Stephen Layton as non-executive director, effective from 14 November 2017. Mr. Layton has over 35 years' experience in Equity Capital Markets in the UK and Australia. Starting as a Jobber (market marker) with BZW on the floor of the London Stock Exchange from 1980 to 1986, Mr. Layton became a Member of the London Stock Exchange in 1985.

The Board also announced that Mr. Andrew James (Jim) Morgan has resigned from his position as CEO and managing director and concluded his consultancy agreement with the company effective from 14 November 2017. Mr. Russell Krause, the company's current chairman, will assume the role of executive chairman whilst executive replacement options to complement the company's diversification and growth opportunities are completed.