MELBOURNE: Lightning Minerals Ltd (ASX:L1M) has appointed Troy Brice as its new chief executive officer, effective March 23.
Brice brings more than 25 years of experience in the global resources sector to the role, with a focus on mining, critical minerals and energy. He has held senior leadership positions at ASX-listed and private international resource companies, including roles as CEO and chief operating officer, where he oversaw strategic planning, mine development, mergers and acquisitions and capital markets strategy.
His resume includes executive stints at Rio Tinto, Shell Coal and Swire Energy Services, with operational experience spanning Australasia, Asia, the Middle East, the Americas and Europe.
Brice holds an MBA from the University of New England, as well as a Bachelor of Professional Studies and a Diploma in Corporate Directors. He has completed executive education at Duke University and INSEAD.
His appointment comes as Lightning Minerals prepares to launch phase two drilling at its wholly owned Mt Turner Gold Project in Queensland. The program is expected to begin within the next four to six weeks, following a successful initial drilling campaign completed in November 2025 that confirmed a large-scale mineralized system extending more than 12 kilometers.
“Troy brings significant experience in exploration and mining, with a proven track record of corporate leadership, project management and capital raising,” said David Vilensky, non-executive chairman of Lightning Minerals. “His appointment is timely, and he will be instrumental in overseeing the next phase of drilling.”
Brice said he looked forward to developing an asset optimization strategy with the board and contributing to the long-term success of the company.
Under the terms of his appointment, Brice will receive a fixed annual remuneration of A$330,000, excluding superannuation. He is also eligible for up to 10 million performance rights, subject to shareholder approval, tied to share price milestones and the definition of an inferred resource at Mt Turner within two years.