Macarthur Leadership Team Appointments to Guide Company Into its Next Phase
December 01 2020 - 8:00AM
Macarthur Minerals Limited (TSX-V:
MMS) (ASX:
MIO) (OTCQB: MMSDF) (the
“Company” or “Macarthur”) is pleased to announce the appointment of
Mr Andrew Bruton as the Company’s new Chief Executive Officer. Ms
Mima Wirakara has been appointed to take over the role of Company
Secretary. The Company’s current CEO, Mr Joe Phillips, will assume
the role of Managing Director, focusing on North American and
Australian capital markets, project funding and takeover awareness.
In addition, Executive Chairman Cameron McCall’s designation has
changed to Non-Executive Chairman.
The Company’s incoming CEO Andrew Bruton, joined
the Macarthur team just over 12 months ago and during that time has
developed a detailed understanding of Macarthur’s business
operations. He is an experienced company director with dual
qualifications in business and law and brings with him more than 20
years’ experience in advising on highly complex,
multi-billion-dollar mining, energy and infrastructure projects and
transactions in Australia. With strategic business acumen and a
focus on commercial outcomes, Andrew will provide the leadership
and continuity of purpose required to deliver the Company’s
flagship, Lake Giles Iron Project in Western Australia, to
production.
Macarthur’s new Company Secretary, Mima Wirakara
will assist Andrew and will work closely with the Board to maintain
Macarthur’s strong focus on good corporate governance and
compliance. Since her appointment in January 2019 as Assistant
Company Secretary, Mima has been involved in the Company’s
successful listing on the Australian Stock Exchange (“ASX”) and has
been instrumental in managing the Company’s corporate governance
and compliance, including Australian and Canadian regulatory and
exchange requirements. Having recently been nominated as a finalist
in a national governance award – the “Governance Top 100”, she is
an experienced governance professional who adds considerable value
to the Macarthur team.
All of the new appointments will commence with
immediate effect.
Joe Phillips,
Managing Director of Macarthur Minerals
commented:
“Over the course of the past 18 months, I have
been preparing Andrew and Mima for the transition into these key
corporate roles. I have worked closely with Andrew over the last 10
years and I am confident he is the right person to draw together an
experienced project delivery team.”
Cameron McCall, President and Chairman
of Macarthur Minerals commented:
“As a consequence of Joe’s stewardship, Andrew
will lead the Company’s future transformation from a solid
foundation. He will build a highly focused and dedicated management
and delivery team around him as he directs the Company’s transition
into its next phase of operations.
The ongoing strategic guidance that Joe will
continue to bring to the Company in his new and very active role as
Managing Director will be crucial for the success of the Lake Giles
Iron Project, and he and Andrew will continue to work closely
together. This is a perfect leadership framework for Macarthur
moving forward, and the Board looks forward to working with Andrew,
Joe and Mima.”
On behalf of the Board of Directors, Mr
Cameron McCall, Chairman
For more information please contact:
Joe
Phillips |
|
Managing Director |
|
+61 7 3221 1796 |
|
communications@macarthurminerals.com |
|
|
|
Investor Relations – Australia |
Investor Relations - Canada |
Advisir |
Investor Cubed |
Sarah Lenard, Partner |
Neil Simon, CEO |
sarah.lenard@advisir.com.au |
+1 647 258 3310 |
|
info@investor3.ca |
Company profileMacarthur is an
iron ore development, gold and lithium exploration company that is
focused on bringing to production its Western Australia iron ore
projects. The Lake Giles Iron Project mineral resources include the
Ularring hematite resource (approved for development) comprising
Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred
resources of 26 million tonnes at 45.4% Fe; and the Lake Giles
magnetite resource of 53.9 million tonnes (Measured), 218.7 million
tonnes (Indicated) and 997 million tonnes (Inferred). Macarthur has
prominent (~721 square kilometer tenement area) gold, lithium and
copper exploration interests in Pilbara region of Western
Australia. In addition, Macarthur has lithium brine Claims in the
emerging Railroad Valley region in Nevada, USA.
This news release is not for
distribution to United States services or for dissemination in the
United States
Caution Regarding Forward Looking
StatementsCertain of the statements made and information
contained in this press release may constitute forward-looking
information and forward-looking statements (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. All statements herein, other than statements
of historical fact, that address activities, events or developments
that the Company believes, expects or anticipates will or may occur
in the future, including but not limited to statements regarding
expected completion of the Feasibility Study; conversion of Mineral
Resources to Mineral Reserves or the eventual mining of the
Project, are forward-looking statements. The forward-looking
statements in this press release reflect the current expectations,
assumptions or beliefs of the Company based upon information
currently available to the Company. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and no assurance can be given that these
expectations will prove to be correct as actual results or
developments may differ materially from those projected in the
forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking
statements include but are not limited to: unforeseen
technology changes that results in a reduction in iron or magnetite
demand or substitution by other metals or materials; the discovery
of new large low cost deposits of iron magnetite; the general level
of global economic activity; failure to complete the FS; inability
to demonstrate economic viability of Mineral Resources; and failure
to obtain mining approvals. Readers are cautioned not to
place undue reliance on forward-looking statements due to the
inherent uncertainty thereof. Such statements relate to future
events and expectations and, as such, involve known and unknown
risks and uncertainties. The forward-looking statements contained
in this press release are made as of the date of this press release
and except as may otherwise be required pursuant to applicable
laws, the Company does not assume any obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events or otherwise.
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