Avalon announced the appointment of Mr. Graham Ascough as a non-executive director and new Chairman of the company. Mr. Ascough is a senior resources executive with more than 24 years of industry experience evaluating mineral projects and resources in Australia and overseas. He is currently non-executive Chairman of Phoenix Copper Limited, Mithril Resources Limited and Musgrave Minerals Limited.

Mr. Ascough was the Managing Director of Mithril Resources Ltd. from October 2006 until June 2012. Prior to joining Mithril in 2006, he was the Australian Manager of Nickel and PGM Exploration at the major Canadian resources house, Falconbridge Limited, which was acquired by Xstrata PLC in 2006. The company also announced that Dato Siew Mun Chuang, Mr. Siew Mun Wai, Mr. Seng Han Goh and Mr. Jeremy Read have resigned as directors of the company, effective from the close of the 2013 AGM.

The company also announced that Dato Siew's alternate director, Mr. Ler Leong Keh and Mr. Siew's alternate, Mr. David Sanders ceased to hold office.