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Board and management members enjoy the professional synergy that comes from many years experience of working together in mining and exploration roles. They are highly regarded industry professionals with a strong commitment to excellence.
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Cloncurry Metals Limited has recently announced changes to its Board and Management. The Company has taken steps, in view of the difficult conditions being experienced in the resources industry, to reduce its outgoings whilst still seeking new opportunities.
The Company’s CEO, Mr Simon Finnis, has decided to accept a senior position with another company and the Board has decided not to replace him at the current time.
The CLU Board sincerely thanks Simon Finnis for his outstanding work for the Company since its inception, against the odds of low metal prices and the world financial collapse.
In the circumstances, which had been a possibility for some months, the CLU Board has taken this opportunity to make a series of additional changes, designed to reduce costs, focus the Board’s presence in Brisbane, and concentrate simply on company-making transactions. These additional changes are noted as follows:
- Mr Stephen Everett, the founder of the Company and principal of Global Resources Corporation Pty Ltd (the Company’s major shareholder with a 26.7% shareholding), is being appointed to the Board effective 6 April and will assist in taking the Company forward. Mr Everett has considerable experience in the resource industry over some 35 years
- Messrs Fardon, Bunting and Thorpe will resign from the Board, effective 6 April. Messrs Casson and Arnett will remain as independent directors, and Mr Casson will remain Company Secretary
- Messrs Fardon, Bunting and Thorpe will be retained for a period of one year as advisers, on a nominal fee basis, so as to maintain Company knowledge and the specialised expertise they offer
Our departing CEO, Mr Simon Finnis, will be appointed to the Board effective 6 April as a non executive director, thereby retaining some continuity and Company knowledge going forward.
Board members apply their substantial industry knowledge to strategically guiding and overseeing the Company’s management. The Board’s functions and responsibilities are set out in its Charter, creating a system of checks and balances to provide strong, balanced leadership and authority.
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Cloncurry Metals is pleased to have secured the services of a highly
skilled and sought-after management team, with many years experience in
mining and exploration roles.
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| Mr. Everett is a chemical engineer who has 30 years management experience in the resource industry, including production and project management, marketing, corporate restructuring, debt/equity financing and government relations. Mr. Everett's senior executive positions have included Managing Director and Chief Executive Officer of private and publicly listed companies. Formerly, Mr. Everett held the position of Chairman of BeMaX Resources NL, and is currently Chairman of Australian Solomons Gold Limited, JJ McDonald and Sons Engineering Pty Ltd and was formerly a Non-Executive Director of Michelago Limited until he resigned in March 2006. |
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| Mr Finnis has more than 20 years experience in a diverse range of mining operations, including open cut, underground and dredge mining operations in gold, copper and mineral sands. For the past decade, he has been involved in various roles in the development of three projects, the latest being the Pooncarie Mineral Sands Project in western New South Wales. He recently resigned as CEO of Cloncurry Metals and has joined the Board in a non executive capacity. Mr Finnis is the Chief Operating Officer for Australian Solomons Gold. |
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| B.SC (Hons) Geology, F AUSIMM
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| Mr Beere is the Exploration and Development Manager. He has more than
25 years experience in geological roles in the Australian mining
industry, mostly spent in pure exploration roles. Mr Beere’s most
recent position was with BHP, specifically leading the Cannington
brownfields and Cloncurry region exploration teams. |
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