Kidman Resources Limited ("Kidman" or the "Company") is pleased to announce that existing Executive Director, Mr Shane Mele, has been appointed as Managing Director of the Company.
Kidman Resources Chairman, Mr Garrick Higgins said "Shane's leadership of our geological team, his exploration experience and technical knowledge have been instrumental in the growth of the Company since his appointment as an Executive Director in 2011. Shane's appointment as Managing Director comes at an important time for the Company, which has made significant progress at the Home of Bullion project under his guidance".
Under the terms of his existing employment contract, Mr Mele's contract will be reviewed by the Company in July 2013.
On behalf of the board: Mr Garrick Higgins Non-executive Chairman Monday, May 13, 2013Kidman Resources Limited (ASX: KDR) is an Australian listed company focused on the exploration and development of its Base Metal and Rare Earths discoveries in New South Wales and the Northern Territory.
ASX Codes:
KDR - Ordinary Shares
KDRO - Listed Options
Market Cap:
$41.05m @ $0.48 per share (10/05/2013)
Projects:
Home of Bullion (100%) -Copper / Silver/ Lead/ Zinc - Barrow Creek, NT
Crowl Creek (100%) - Copper/Silver/Gold /Lead/Zinc - Lachlan Fold Belt, Central NSW Hale River (100%) - Rare Earths - Alice Springs NT
Investment Highlights:
- Identified "New Massive Sulphide Zone" beneath cover along strike from HOB
- Multiple magnetic targets identified along 12km HOB corridor to be tested with MLEM surveys - ongoing
- Exploration model defined at Wilmatha with planned "Induced Polarisation" surveys targeting Porphyry system
- Follow up DHEM at Anaconda (NSW) to define down-plunge continuity
Issued Capital:
85,525,328,ordinary shares
25,598,752 listed options (20c Nov 2013)
Directors:
Garrick Higgins - Non Exec Chairman Shane Mele - Executive Director Andrew McIlwain- Non Exec Director
Company Secretaries: Justin Mouchacca Melanie Leydin
Principal Place of Business
Suite 3, Level 4
12-20 Flinders Lane
Melbourne VIC 3000
Phone: 61 3 9671 3801
Fax: +61 3 9671 2347
email: info@kidmanresources.com.au
Web: www.kidmanresources.com.au
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