TerraCom Limited advised shareholders that Executive Chairman, Craig Ransley has retired as a director of the Company from 8 July 2022 in accordance with the terms of his employment contract. Mr. Ransley founded TerraCom (then Guildford Coal Limited) in 2010 and has been instrumental in building the business during his time with the Company in the roles of director, executive and advisor. Throughout his tenue the Company has transformed from an explorer into an emerging resource company with a global footprint.

Mr. Graeme Campbell will take over as Non-Executive Chairman effective immediately and the Board is reviewing its overall composition following these recent changes.