RE: APPOINTMENT OF NON-EXECUTIVE CHAIRMANThe board of the...

RE: APPOINTMENT OF NON-EXECUTIVE CHAIRMAN
The board of the Company are pleased to announce the appointment of Mr Tony J Grey as
Non-Executive Chairman of the Company.
Tony brings enormous experience in resource project identification, financing,
development and mineral marketing to the board.
Tony was the original founder in 1972 of Pancontinental Mining Limited which he built
into a publicly listed major diversified mining house with interests in gold, base metals,
coal, industrial minerals and uranium. He is also Chairman of International Ferro Metals
Limited which is developing a $280m ferrochrome mine in South Africa.
PMA and its consulting engineers are currently compiling a detailed engineering study for
the redevelopment of the Windimurra vanadium mine in Western Australia. The
Windimurra vanadium reserve is believed to be the largest in the world. The
redevelopment is expected to cost approximately $100m after which Windimurra will be
one of the largest vanadium mines in the world. Tony’s expertise will be invaluable in the
financing, execution of project development and off-take arrangements for the mine.
Tony graduated with a BA in History (Hons) and then a Juris Doctor from the University
of Toronto. Thereafter, he practised law with a major law firm in Toronto for seven years.
He immigrated to Australia in 1972 and founded Pancontinental. He exited from
Pancontinental in 1992 and became a Director of National Mutual Royal Bank for four
years. Thereafter, Tony was appointed as Chairman of Kingsgate Consolidated, a
producing gold mining company listed on the ASX. He held this role for four years. In
1992 Tony became a major shareholder and Executive Chairman of Polartechnics Ltd, an
ASX listed biomedical company developing a revolutionary Australian invention of an
optoelectronic means of diagnosing pre-cancer cells and cancer. Tony has written books on
the history of the Australian uranium industry and Chinese history and numerous articles
about the mining industry.