Board and Executive Changes
Perth, Jan 10, 2018 AEST (ABN Newswire) - Intermin Resources Limited (
ASX:IRC) ("Intermin" or the "Company") wishes to advise that Executive Director Lorry Hughes has tendered his resignation from the Company effective 31 January 2018 to take on an executive position in a new exploration Company.
The Company is also pleased to announce the promotion of Grant Haywood to the role of Chief Operating Officer (COO) effective immediately.
Mr Haywood, the Company's current General Manager - Mining, is a Mining Engineer with more than 25 years' experience in underground and open cut mining operations and holds a First Class Mine Manager's Certificate. He has managed West Australian mining projects from feasibility through to operations for junior and multinational gold mining companies including Gold Fields, Saracen Mineral Holdings and Phoenix Gold.
Commenting on the Management changes, Intermin Chairman Peter Bilbe commented:
"The Board would like to extend its sincere thanks to Lorry for his significant contribution to the successful growth of the Company to date and wishes him well in his new role. In turn, we are delighted to promote Grant to the position of COO as we continue our successful mining operation at Teal and grow the business through self-funded exploration, completion of mining studies to bolster our development pipeline and pursue further acquisitions."
About Horizon Minerals Limited
Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.
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