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Lambert has been with Thundelarra for five years and will leave the company in early May.
Bullabulling will be the culmination of the merger between Bullabulling project joint venture partners Auzex Resources and GGG Resources.
The merger is nearing completion and the new entity will be targeting first gold production in 2015 under Lambert’s leadership.
Thundelarra’s largest shareholder and former chairman Philip Crabb has been appointed as a non-executive director to assist with the transition phase.
Alan Mulgrew and Jay Wacher have resigned as directors of Atlantic.
The company said it would appoint two new independent non-executive directors as part of its transition to producer.
Tony Sage has resigned from the board of African Iron, which is in the final stages of being taken over by Exxaro Resources.
Finally, South American Iron & Steel Corporation has appointed Don Weintraub to the board as a non-executive director.
