🕐26.01.10 - 05:21 Uhr
Mantra Announcement: Appointment of Peter Breese as Chief Executive Officer
Dear all,
Please find below a summary of an announcement made to the ASX and TSX
yesterday.
Mantra Resources Limited ("Mantra" or "Company") (ASX:MRU, TSX:MRL) is
pleased to announce the appointment of Mr Peter Breese as Chief
Executive Officer ("CEO") of the Company, effective immediately.
Mr
Breese replaces Mantras Joint Managing Directors, Robert Behets and
Matthew Yates, who will both continue with the Company as Executive
Directors.
The Board believes the appointment of a CEO with a strong track record
of successful project development and operations management, as well as
extensive experience in southern Africa, is an important and timely step
for the Company as it evolves from explorer to a significant near-term
uranium producer.
Mantra is currently completing a Pre-Feasibility Study
on the Mkuju River Project ("MRP"), ahead of the commencement of a
Definitive Feasibility Study ("DFS") which is expected during the first
quarter of 2010.
Mr Breese was previously Chief Executive of Norilsk Nickel
International, following its acquisition of LionOre Mining
International, where he was Chief Operating Officer.
With over 25 years
experience in the mining industry, Mr.
Breese held senior executive and
board positions with Impala Platinum Holdings, Mimosa Mining Company and
Zimasco prior to joining LionOre.
The appointment of Mr Breese as CEO complements the recent recruitment
of several key senior technical managers as the Company builds its
management team with strong operational experience.
Both Mr Behets and
Mr Yates will continue with the Company assisting with strategy,
resource development, technical management, business development and
investor relations.
Commenting on the appointment the Chairman, Ian Middlemas, said "I would
like to thank Robert and Matthew for their hard work as joint Managing
Directors in building Mantra into an emerging uranium producer.
Through
their energy and dedication, they have transformed the Mkuju River
Project from a greenfields exploration play into an exciting, near-term
production story".
"I am delighted to welcome Peter to the Mantra team.
The timing of this
appointment is opportune as we commence the DFS shortly.
Peters project
development and operational experience will be crucial in transforming
Mantra into a significant uranium producer."
The full announcement can be viewed by clicking on the following link:
http://mantraresources.com.au/upload/documents/releases/asx/20100125_100
125-AppointmentofPeterBreese_Final_ASX.pdf
Please dont hesitate to contact me or Matthew Yates if you have any
questions.
Regards
Robert Behets
Executive Director
A: Level 9, The BGC Centre, 28 The Esplanade, PERTH WA 6000
T: 618 9322 6322 F: 618 9322 6558
E:
W: www.mantraresources.com.au
Matthew Yates
Executive Director
A: Level 9, The BGC Centre, 28 The Esplanade, PERTH WA 6000
T: 618 9322 6322 F: 618 9322 6558
E:
W: www.mantraresources.com.au
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