9 Oct 2015 11:29
Sierra Rutile Limited
Board Changes
London, UK, 9 October 2015: The Board of Sierra Rutile Limited (AIM: SRX) ("Sierra Rutile") is pleased to announce the appointment of Phillip Edward Day as a Non-Executive Director with immediate effect. The Board also announces that Michael Brown has stepped down as a Non-Executive Director.
Commenting on the changes, Michael Barton, Chairman of Sierra Rutile, said: "On behalf of the Board, I would like to thank Mike for his significant contributions and insights he has brought to Sierra Rutile during his last 5 years as a director. We are delighted to welcome Philip to the Board and look forward to his experience and valuable perspective as we continue to realise the full potential of Sierra Rutile's world-class asset."
Mr. Day aged 41, is a Vice President at Pala Investments and has over 20 years of experience in the development of mining projects globally, focusing on delivery of construction projects, strategic business development, operational improvements and health and safety matters. Prior to joining Pala, Mr. Day worked for AMEC Americas as Vice President for Process Engineering and held various operational, managerial and technical roles for BHP Billiton, WMC Resources, Minara Resources and Wiluna Gold, gaining exposure to various commodities in mining operations across various jurisdictions. Mr. Day graduated from Murdoch University in Australia, with a B.Sc. in Metallurgy and Chemistry and is a Fellow of the Australian institute of Metallurgy (FAusIMM).
ENDS
For Further Information:
Sierra Rutile Limited Matthew Hird, Chief Financial Officer John Nagulendran, Company Secretary
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+44 (0)20 7074 1800 |
Investec Bank Nominated Adviser and Joint Corporate Broker Chris Sim / George Price / Jeremy Ellis
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+44 (0)20 7597 4000 |
RBC Capital Markets Joint Corporate Broker Jonny Hardy
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+44 (0)20 7653 4000 |
Numis Securities Limited Joint Corporate Broker John Prior / James Black / Paul Gillam
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+44 (0)20 7260 1000 |
Kreab Marc Cohen / Christina Clark / Fiona Cumberland |
+44 (0)20 7074 1800
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About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mines, located in the south west of Sierra Leone, are based on one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 895 million tonnes (as at 30 September 2014).
www.sierra-rutile.com