...Whats that saying...
...''A poor captain and crew can even sink the QE2''
...Good to see 2 very experienced operators joining the board...
...I remember when George Jones joined GBG.
...Experience can make all the difference...
...I will be watching this one closely for sure...
...''New Board Appointments – Messrs Barry Eldridge and Andrew Law
Further to Wedgetail’s previous announcement in July this year on the discovery of the large molybdenum soil anomaly, (“the
Millennium Project”) in the Pilbara region in WA, the company has sought to strengthen its board and management.
Effective immediately Mr Barry Eldridge has been appointed a director of the company and it is intended that he will be appointed non
executive Chairman of Wedgetail. Mr Andrew Law has been appointed a non-executive Director and will shortly take up the position
of Managing Director of Wedgetail later this month replacing Mr Terry Stark who has resigned as a director of the Company.
Mr Eldridge brings to Wedgetail a wealth of mining experience gathered over 37 years as a geologist and mining engineer in the
mining industry both in Australia and overseas. He moved to Western Australia in 1988 following a 20 year career in the coal industry
in Queensland and New South Wales. Some of his roles have included Project Manager for the Super Pit in Kalgoorlie, Project
Manager of the Kanowna Belle Gold Mine, Managing Director of Forrestania Gold NL, Project Director for the West Angelas Iron
Ore development, Director - Major Projects for North Ltd, Managing Director of Griffin Coal Pty Ltd and, most recently, Managing
Director and CEO of Portman Ltd.
He is also a director of the largest iron ore company in North America, Cleveland-Cliffs Inc, and is the Chairman of SNC-Lavalin
Australia Pty Ltd, a Canadian engineering and construction company, Vulcan Resources Limited and a non-executive director of
Mundo Minerals Limited.
Mr Law has over 24 years experience in the mining industry in Australia and Africa. He holds a Diploma in Mine Engineering
(Witwatersrand) and a Masters in Business Administration from the University of Western Australia. He is a Fellow of the AusIMM, a
Fellow of the Institute of Quarrying – Australia and an Associate Fellow of the Australian Institute of Management.
His extensive technical and management experience covers deep level underground mining environments, large open pit environments
and large mineral sands dredging environments. Mr Law has also gained executive management experience at both the senior
operations level and the corporate level with companies such as, Plutonic Resources, Placer Dome, Legend Mining and more recently,
Moly Mines Limited. Mr Law’s experience at Moly Mines Limited in particular will be beneficial in developing the Millennium
Project.
Both Mr Eldridge and Mr Law will be issued options that will be subject to shareholder approval. Mr Eldridge will receive 5 million
options with an exercise price of 20cents and Mr Law will receive a total of 7 million options in two tranches with half being
exercisable at 20cents and the balance at 30 cents.
Messrs Frank Vanspeybroeck and Evan Kirby have resigned from the board effective immediately. The Board would also like to take
this opportunity to thank both Mr Vanspeybroeck who was the founder of Wedgetail Mining Limited and Mr Kirby for their
contribution to the company. The Board would also like to thank Mr Stark for his efforts over the past twelve months in assisting the
company with the Nullagine Gold project.''!!!!!!!!!!!!
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