This article came as part of my lunchtime email from *. Interesting indeed
"Junior bauxite explorer Canyon Resources has tapped well-known mining entrepreneur Tolga Kumova to help with the development of its Minim Martap project in Cameroon.
Canyon (ASX:CAY) told investors this morning that it had appointed Mr Kumova has a strategic advisor.
The news moved shares up 2 per cent to 22c on Tuesday morning.
Mr Kumova is the man best known as former managing director and founding shareholder of Syrah Resources (ASX:SYR), overseeing the company from a tiddler through to a top 200 ASX-listed mining company.
Syrah has an operational graphite mine in Mozambique. Mr Kumova led the company from resource-stage through to full funding through to development.
He has raised more than $500 million for his ASX-listed mining ventures, most of which had projects in Africa.
Mr Kumova ranked number 26 on Financial Review’s Young Rich List this year with a net worth of $104 million, up from $95 million in 2017."
CAY Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held