14.08.14 - 02:27 Uhr
 

Fortbridge Media Release

Direct Nickel Limited [ASX: DIR] - Direct Nickel Appoints Former Rio Tinto Executive as Chairman

The board of Direct Nickel Limited (ASX: DIR) advise that with the growing internationalisation of the company, London based Andrew Vickerman has accepted an invitation to become Chairman of the board. Vincent Sweeney who has held the position since October 2011 will remain on the board as a non-executive director.

Direct Nickel has developed a new process for extracting nickel from nickel laterite deposits, with the potential to position the company as one of the lowest cash cost producers in the global nickel industry in the next 5 years.

We are delighted that Andrew has accepted the role. Securing someone of his calibre, profile and experience within the resources sector gives us an added boost as we enter into the exciting stage of bringing our first commercial plant to fruition in Indonesia, Mr. Sweeney said.

During the period 1998 to 2009 Andrew was a member of the Operating and Executive Committees of Rio Tinto, with responsibility for communications and external relations. During the period 1994 to 1998 he was Finance Director of Lihir Gold Limited. Prior to that he worked with RTZ Mining and Metals as commercial advisor.

To view the full announcement please refer to the attachment.

Direct Nickel has developed a game changing process for extracting nickel from nickel laterite deposits. It will position Direct Nickel as one of the lowest cash cost producers in the global nickel industry in the next 5 years. The Process offers unparalleled cost efficiency, capital savings and environmental benefits.

The company has operations in Sydney and Perth and also operates in Indonesia through its subsidiary, PT Direct Nickel with offices in Jakarta.

Nickel is a strategic metal and a vital alloy in quality stainless steel. As a result of the decline in production from sulphides and technical difficulties with completion and start-up of alternative nickel laterite processing plants, nickel is forecast to suffer a supply shortfall commencing in 2017.

Additional information on the Company, the DNi Process, the Test Plant and related activities, including photographs, is available at or by request from the Company.

For further information please contact:

Russell Debney
Managing Director & CEO
T: Tel: +612 8014 7780
E:

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