RXL 3.03% 16.0¢ rox resources limited

a titan returns, page-2

  1. 399 Posts.
    Appointed as chairman not managing director.

    I agree RXL is undevalued.




    ROX APPOINTS NEW CHAIRMAN


    Rox Resources Limited (ASX: RXL) ("Rox") is pleased to announce the appointment of its new
    Chairman, Mr Jeff Gresham, effective 1 October 2006.

    Mr Gresham is a geologist with a distinguished industry career of varied exploration, operational
    and corporate experience both in Australia and internationally spanning 38 years.

    Most recently he was Managing Director of Titan Resources, an active nickel explorer in Western
    Australia, and roles prior to that over a 30 year period included Managing Director of gold miner
    Wiluna Mines Limited, General Manager - Exploration for Homestake Gold of Australia, and
    several senior executive roles with Western Mining Corporation.

    Rox Managing Director, Ian Mulholland, said he welcomed Mr Gresham's appointment and looks
    forward to his input to Rox's future success.

    "Jeff's appointment is a significant one for Rox. He has been a leading figure in Australia's
    exploration and mining scene for a long time and brings a wealth of experience to us as we work to
    develop the full potential of our exciting Pha Luang lead-zinc project in Laos," said Mr Mulholland.

    At the same time Mr Mulholland, on behalf of the Board of Rox, wished to thank and pay tribute to
    its founding Chairman, Dr Alistair Cowden, who will be stepping down from the Board to
    concentrate on his role as Managing Director of Vulcan Resources Limited.

    "We are disappointed to see Alistair leave, but he leaves with Rox in a strong position. The
    Company has an excellent project and cash of $5.5 million. In addition it will have a share portfolio
    valued at approximately $1 million once recently announced transactions are finalised. We are
    excited about the company's future," said Mr Mulholland.


 
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