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20 Feb 2009 07:38
20 February 2009
Dwyka Resources Limited ('Dwyka' or the 'Company')
Board Change
The directors of Dwyka today announce the retirement of Mr Ed Nealon as Chairman of the Company and from the Board of Directors.
A Non-Executive Director of Dwyka since 2000, Mr Nealon was appointed as Chairman of the Company in 2003. His technical and commercial expertise has been pivotal in the acquisition and development of Dwyka's past and current projects and the Board is delighted to announce that he will continue to provide ongoing assistance to the Company in relation to its project acquisition strategy. Pending Dwyka acquiring a new project, Ms Melissa Sturgess will assume the role of Chairman in addition to that of Chief Executive Officer.
The Board would like to formally thank Mr Nealon for his extremely valuable and significant contribution to the Company over the past 8 years.
Speaking today in relation to Mr Nealon's retirement from the Board, Ms Sturgess said "Ed has provided significant and valuable guidance to me and the Dwyka Board members for many years. With the encouraging progress being made at the Muremera Nickel Project in Burundi, and the Company's strong cash balance of GBP7.3m (AUD15.5m), the Company is well placed to take advantage of future resources opportunities as world financial and commodity markets begin to improve."
For further information please contact:
Melissa Sturgess
Dwyka Resources Limited
(+44) (0)78 2555 1397 or melissa@dwyresources.com
In United Kingdom
Richard Brown
Richard Greenfield
Ambrian Partners Limited
(+44) (0)20 7634 4700
Press enquiries
Charlie Geller or Leesa Peters
Conduit PR
+44 (0)20 7429 6604/ +44 (0)79 7006 7320
Or visit: http://www.dwyresources.com
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