Great Western Minerals Group Appoints Mine Manager at Steenkampskraal Rare Earth Project
November 16 2011 - 8:00AM
Marketwired
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX
VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce the appointment
of Kwaw Kabaah as Mine Manager at the Company's Steenkampskraal
mine operation in South Africa.
Mr. Kabaah, who reports to David Kennedy, Chief Executive
Officer of Rareco, GWMG's wholly-owned subsidiary, is responsible
for the management, control and day-to-day operations at the
Steenkampskraal mine.
Mr. Kabaah has extensive and diverse hands-on experience in the
mining industry, including ore extraction and mining production
operations, mine health and safety, and mining project work. He has
worked with Johannesburg Consolidated Investment Group Mines, the
DeBeers Group and African Rainbow Minerals' Black Rock Mine
Operations. Additionally, he has worked with the South Africa
Department of Mineral Resources, the government agency that
regulates and enforces health and safety issues in South African
mines.
With a post-graduate degree in Mining Engineering earned at the
University of Witwatersrand in South Africa, Mr. Kabaah also holds
a Mine Overseer's Certificate of Competency. His professional
affiliations include the Engineering Council of South Africa and
the South Africa Institute of Mining and Metallurgy.
Rareco Chief Executive Officer David Kennedy said, "The
appointment of Kwaw Kabaah as Mine Manager for Steenkampskraal is
yet another indication of the ability of our Company to attract
highly qualified and very experienced professionals to our team. In
working with our Steenkampskraal group, Mr. Kabaah will undoubtedly
make a very strong contribution to the success of the
Steenkampskraal mine project."
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 also holds
100% equity ownership in Rare Earth Extraction Co. Limited, which
owns a 74% equity interest in the Steenkampskraal Mine. In addition
to an exploration program at Steenkampskraal, GWMG also holds
interests in four active 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 refurbishment activities
and reliance on third parties to meet projected timelines, the
results of the exploration program at Steenkampskraal, a resource
estimate and commencement of 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 Great Western Minerals Group
Ltd. 219 Robin Crescent, Saskatoon, SK S7L
6M8info@gwmg.cawww.gwmg.ca
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