Great Western Minerals Group Appoints Project Development Manager for Steenkampskraal Rare Earths Operation
April 26 2011 - 11:28AM
Marketwired
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX
VENTURE: GWG) (OTCQX: GWMGF) is pleased to announce it has
appointed Mr. Vincent Mora as the Company's Project Development
Manager for the Steenkampskraal Rare Earths operation in South
Africa. He will be located at site.
Mr. Mora's primary responsibility is to expeditiously plan,
budget, coordinate, and direct activities concerned with the
development of the feasibility study, detailed engineering,
construction, and operation of the former-producing Steenkampskraal
Mine. Additionally, Mr. Mora will use his high degree of knowledge
and expertise of mineral processing to focus on the extraction and
purification of the Rare Earth elements from the site. He will also
have overall responsibility for GWMG's planned exploration program
at Steenkampskraal and for bringing the historic resource estimate
into compliance with NI 43-101 technical reporting
requirements.
Mr. Mora brings a wealth of mining development expertise to the
Steenkampskraal project and to GWMG. He holds a Masters degree in
Metallurgical Engineering from the Universidad de santiago de
Chile, is a member of the South African Coal Processing Society and
is fluent in five languages.
His background as a process engineer includes significant
experience in the design, management and execution of large
projects in the minerals processing sector. He has worked with
companies such as Bateman Engineering, Anglo American, Mintek and
other global mining and engineering firms.
Jim Engdahl, President and Chief Executive Officer of GWMG said,
"The addition of Vincent Mora to our management team is an
important step forward as we continue the development of our
Company's top priority, the Steenkampskraal operation. Because Mr.
Mora will direct, monitor and supervise this project, day in and
day out at site, we are very confident our Company will be able to
proceed according to the fast track schedule GWMG recently
announced. Mr. Mora's proven management abilities will ensure GWMG
executes the Steenkampskraal project on schedule and on budget.
Head office support for Mr. Mora will be handled by Mr. Richard
Hogan, GWMG Vice President Operations, and we thank Richard for
moving the project forward on a day to day basis up to this
point."
Great Western Minerals Group Ltd. is an integrated Rare Earths
processor. Its specialty alloys are used in the battery, magnet and
aerospace industries. Produced at the Company's wholly owned
subsidiaries Less Common Metals Limited in Birkenhead, U.K. and
Great Western Technologies Inc. in Troy, Michigan, these alloys
contain aluminium, nickel, cobalt and Rare Earth Elements. As part
of the Company's vertical integration strategy, GWMG has signed an
Off-take Agreement for 100% of the Rare Earth Elements to be
produced at the former producing Steenkampskraal mine in South
Africa and holds 92.6% equity ownership in Rare Earth Extraction
Co. Limited, the owner of the Steenkampskraal mine. In addition to
a planned exploration program at Steenkampskraal, GWMG also holds
interests in six Rare Earth exploration and development properties
in North America.
Certain information set out in this News Release constitutes
forward-looking information. Forward-looking statements (often, but
not always, identified by the use of words such as "expect", "may",
"could", "anticipate" or "will" and similar expressions) may
describe expectations, opinions or guidance that are not statements
of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions,
expectations and estimates of management of GWMG as at the date the
statements are made and are subject to a variety of known and
unknown risks and uncertainties and other factors that could cause
actual events or outcomes to differ materially from those
anticipated or implied by such forward-looking statements. Those
factors include, but are not limited to, the results of the
exploration program, a resource estimate and production at
Steenkampskraal, satisfaction of the conditions precedent with
respect to GWMG's offtake agreement, receipt of all required
approvals (including those relating to the commencement of
production at the Steenkampskraal mine) and risks, uncertainties
and other factors that are beyond the control of GWMG, risks
associated with the industry in general, commodity prices and
exchange rate changes, operational risks associated with
exploration, development and production operations, delays or
changes in plans, risks associated with the uncertainty of reserve
or resource estimates, health and safety risks and the uncertainty
of estimates and projections of production, costs and expenses. In
light of the risks and uncertainties associated with
forward-looking statements, readers are cautioned not to place
undue reliance upon forward-looking information. Although GWMG
believes that the expectations reflected in the forward-looking
statements set out in this press release or incorporated herein by
reference are reasonable, it can give no assurance that such
expectations will prove to have been correct. The forward-looking
statements of GWMG contained in this News Release, or incorporated
herein by reference, are expressly qualified, in their entirety, by
this cautionary statement and the risk factors contained in GWMG's
current annual information form available at www.sedar.com.
CUSIP: 39141Y 10 3
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Great Western Minerals Group Ltd. Dwight Percy Manager
of Investor Relations (306) 659-4500 info@gwmg.ca www.gwmg.ca Great
Western Minerals Group Ltd. 219 Robin Crescent Saskatoon, SK S7L
6M8
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