World Titanium Resources Ltd has appointed Wayne Malouf as interim Chief Executive Office of the Company, succeeding Mr. Bruce Griffin.
The Company continues to work on the proposed joint venture with Sichuan Lomon Titanium Co., Ltd., and also announces that a Board committee chaired by Jeff Williams is implementing immediate cost cuts and conducting a review to implement cost reductions throughout the Company. The notice of general meeting to consider the Lomon transaction is expected to be issued within two weeks.