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    MGT   AU000000MGT5

MAGNETITE MINES LIMITED

(MGT)
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Magnetite Mines Limited Names Mark Eames as Technical Director

03/15/2021 | 11:47pm EDT

Magnetite Mines Limited announced that Mr. Mark Eames has been appointed as the Technical Director. Mr. Mark Eames will take on the role of Technical Director of the Company (previously, Mr. Eames worked as Non-Executive Director and provided consulting services to the Company). Mr. Eames, as an experienced mining executive, has been providing consulting services to the Company since May 2019 and was responsible for leading the Scoping Study in that year, which led to the PFS that is currently underway. He was appointed a non-executive director in March 2020. The Board considers that Mr. Eames has made a material contribution to the direction of the Company and is pleased that Mr. Eames is prepared to formalise his role in a suitable employment arrangement as the Technical Director. This will secure his services for the current development programme and allow Mr. Eames to provide leadership and technical direction to the PFS team.


ę S&P Capital IQ 2021
All news about MAGNETITE MINES LIMITED
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03/15Magnetite Mines Limited Names Peter Schubert as Interim Chief Executive Officer
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03/15Magnetite Mines Limited Names Mark Eames as Technical Director
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03/09Magnetite Mines Widens Loss in July-December 2020 on Higher Employee Benefits Expenses
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03/01Magnetite Mines Receives Grant of Muster Dam Iron Project
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More news
Financials
Sales 2020 - - -
Net income 2020 -0,37 M -0,27 M -0,27 M
Net Debt 2020 1,25 M 0,90 M 0,90 M
P/E ratio 2020 -9,20x
Yield 2020 -
Capitalization 75,5 M 54,8 M 54,6 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 91,2%
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Managers and Directors
Peter Schubert Executive Chairman & Chief Executive Officer
Frank DeMarte Chief Financial Officer & Secretary
Mark Richard Eames Technical Director
Malcolm Roger Joseph Randall Independent Non-Executive Director
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