Directorate change
May 06 2008 - 5:34AM
UK Regulatory
Directorate change
6th May 2008
�
NEPTUNE MINERALS PLC
("Neptune" or the "Company")
�
REORGANISATION OF THE BOARD OF DIRECTORS
�
Neptune Minerals Plc (AIM: NPM) announces a reorganisation of the
board of directors.
Mr. Peter Vanderspuy resigned from the board, effective May 2nd
2008.� The Company is grateful to Mr. Vanderspuy for the role that he
played as the Company's founding Chairman.
In the short term the role of Chairman will be assumed by Mr. John
Goodwin, Neptune's UK-based independent Non-Executive director.
At the same time Neptune is pleased to announce the appointment of
Richard K Gorton to fill the casual vacancy as a Non-Executive
Director, effective as of May 5th 2008.
Mr. Gorton has 38 years of experience in the international mining
industry including South Africa, Australia and North America
involving exploration, operations and business development. He holds
an MSc in Geology on the Kielder VMS deposit discovered by his
Newmont team in South Africa.
- From 1973 to 1986, he directed exploration activities for Newmont
South Africa Ltd in the search for gold, base metals, diamonds and
uranium. From 1986 to 1990, Mr. Gorton was Chief Geologist at the
Telfer Gold Mine in Western Australia and, between 1990 and 1994, was
Great Basin Exploration Manager and later Newmont's Director,
Exploration North America.
- From 1994 to 2005, Mr. Gorton was Director of Exploration and
Business Development for Newmont Mining Corporation. He was awarded
the Chairman's Award in 1996 for the successful acquisition and
development of the True North gold deposit in Alaska.
Mr. Gorton retired in 2005 but continues as a consultant to Newmont.
In 2005 Mr. Gorton also co-founded BWG Mining which applies
supervised Neural Network technology to multiple exploration data
sets targeting new discoveries.
Mr. Gorton will provide guidance to management on the growth of the
Company and its projects. In addition, he brings a wealth of industry
contacts developed during his tenure in the minerals exploration
industry.
The information required to be disclosed in accordance with the AIM
rules, with respect to the appointment of Richard Gorton to the
Neptune Board, is set out in Appendix 1.
�
Neptune's Chief Executive Officer Dr Simon McDonald said:
"Neptune takes pleasure in welcoming Richard Gorton to the board.�
The Company is delighted with the addition of an independent
technical director who has a wealth of resource experience and who
comes with the imprimatur of Neptune's key strategic investor,
Newmont."
�
END
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For further information please contact:
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Simon McDonald (Neptune MD and CEO) T: +61 (0)2 9957 5244
By email to the Company info@nepmins.com
Fiona Owen (Grant Thornton Corporate Finance, T: +44 (0)20 7383 5100
Nomad)
Rozanne Ichikowitz (Grant Thornton Sydney) T: +61 (0)2 8297 2522
Richard Hail (Fox Davies Capital Limited, T: +44 (0)20 7936 5200
Broker)
Nadja Vetter / Matthew Law (Cardew Group, PR) T: +44 (0)20 7930 0777
M: +44 (0)7941 340 436
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The Neptune Minerals website is www.neptuneminerals.com
�
�
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Appendix 1
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Set out below are the current and past Directorships over the past
five years of Richard Kalmer Gorton - aged 60.
�
Current directorships or partnerships Past directorships or
partnerships
Alhambra Resources Ltd Newmont Mining Corporation
Indicator Minerals Inc. �
BWG Mining (partner of private
partnership)
�
Mr Gorton does not have an interest in the ordinary shares or options
of Neptune.
�
There are no further details required to be disclosed under paragraph
G of Schedule 2 of the AIM Rules.�
�
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