Directorate Change

RNS Number : 4171G

Strategic Minerals PLC

07 May 2014

 



7 May 2014

Strategic Minerals Plc (the "Company")

Directorate changes

The Board of Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), is pleased to announce the appointments of Mr Julien Francis McInally and Mr Lyle Curtis Hobbs as Directors of the Company with immediate effect. Julien, an Australian national based in Brisbane, will assume executive responsibility for the Company's interests in Australia.  Lyle, based in Utah, USA, will assume executive responsibility for the Company's interests and operations in the North America. 

Julien McInally CPA, MBA 42, is a CFO/Company Secretary with over 15 years of resource industry experience with public listed companies on the TSX, AIM and ASX stock exchanges. He has expertise in capital raising, mergers and acquisitions, mining project evaluation, strategy, commercial agreements, statutory and management reporting and compliance and governance obligations of publicly listed companies. He has been CEO of a number of private exploration companies and has worked for BHP Billiton, Gladstone Pacific Nickel Limited (AIM and TSX: GPN), Robust Resources Ltd (ASX:ROL) and Reliance Resources Limited (TSX:RI) in commercial roles. Julien is currently CFO/Company secretary of Fertoz Ltd (ASX:FTZ).

Lyle Hobbs P.Eng., MBA 49, is a mining engineer with significant operational and project experience. He has a BSc. in Engineering (Mining and Petroleum) and an MBA, both from the University of Alberta, Canada. He has a wealth of experience in both operational and corporate/strategic roles, with an emphasis on project management roles including a remote mine and infrastructure in Northern British Columbia, a coal port redevelopment in Washington State, alternative fuel projects in the United States, and oil sands projects in Northern Alberta. His mine operational roles have included  senior roles in the Canadian oil sands, and Engineering Manager at  operating coal mines. Previously Lyle was the CEO for Atrum Coal during the initial project scoping.  Currently Lyle is the VP Business Development, North America for RCT.          

The Company also announces that Peter Stephens and David Anderson have resigned as directors, but that David Anderson will remain with the Company.

James Fyfe, executive Chairman of the Company, said: "We are delighted to have Julien and Lyle joining our Board. Their appointments will significantly enhance the Company's ability to accelerate its strategic objectives, and in particular its ability to identify and acquire the rights to mineral stockpiles". He continued "The Board would like to thank Peter and David for the significant contributions they have made."

Regulatory disclosures

Julien Francis McInally, aged 42, is or has been a director or partner of the following entities within the past five years:

Current Directorships and Partnerships held:         ·    Deebing Developments Pty Ltd

Directorships and Partnerships held in the previous 5 years:       ·    Gladstone Nickel Pipeline Pty Ltd       ·    Bowen Ridge Pty Ltd       ·    Egidia Pty Ltd       ·    Robust Exploration Pty Ltd

Lyle Curtis Hobbs, aged 49, is or has been a director or partner of the following entities within the past five years:

Current Directorships and Partnerships held:       ·    0713887 B.C. Ltd       ·    Lye Hobbs Consulting LLC

Directorships and Partnerships held in the previous 5 years:       ·    None

There is no further information required to be disclosed in respect of the above appointments pursuant to Schedule 2(g) of the AIM Rules for Companies.

Corporate Strategy

The Company's strategy is to find and exploit mineral stockpiles which are outside high risk and volatile regions. Whilst the focus to date has been iron ore tailings, the Company intends to identify and acquire high quality stockpiles across a broad spectrum of resource tailings. A number of stockpiles have been assessed and are still being investigated. At the same time, the Company continues to seek to release the embedded value in its exploration assets in Australia.

The overriding ambition is to achieve superior returns and generate shareholder value. In the short term the Company's focus is to secure additional stockpiles to increase its resource base and life of operations. The Board will assess each project against stringent criteria, including anticipated return on investment, revenues, operational and logistics costs, inherent risks and risk mitigation measures.

- ENDS -

Contact details:

Company Strategic Minerals plc James Fyfe, Executive Chairman	[phone]
Nominated Adviser/Joint Broker Allenby Capital Limited Jeremy Porter / James Reeve	[phone]
Joint Broker Daniel Stewart & Company Plc Martin Lampshire / David Hart	[phone]
Financial PR Tavistock Communications  Jos Simson / Nuala Gallagher	[phone]

 

END

 

 

BOADBGDUIUGBGSL