Alara Resources Limited
A.B.N. 27 122 892 719
Level 3, 35 Havelock Street
West Perth, Western Australia 6005
AUSTRALIA
PO Box 1890
West Perth, Western Australia 6872
Telephone | +61 8 6323 5900
Facsimile | +61 8 6323 5999
Web | www.alararesources.com
Email | [email protected]
ASX/MEDIA RELEASE
Monday, 3 August 2015
BOARD CHANGES
Perth: Alara Resources Limited (ASX: AUQ) (Alara or Company) provides an update on the following Board related matters:
Resignation of Director
The Company advises that Ian Williams AO has resigned as Non-Executive Chairman with effect on
31 July 2015.
The Company acknowledges Mr Williams' valuable contributions to the Board and guidance to
Senior Management since his appointment in May 2011 and thanks him for his service to Alara.
Appointment of Chairman
The Board has appointed James Phipps as Non-Executive Chairman of the Board.
Mr Phipps has been a Non-Executive Director of the Company since November 2014 and was previously an Alternate Director to His Royal Highness Prince Abdullah bin Mosaad bin Abdulaziz Al Saud (since October 2013). 1
Appointment of Director
The Board is pleased to advise that Shanker Madan has been appointed as Technical Director.
Mr Madan served as the founding Managing Director of Alara between May 2007 and June 2013 and oversaw, amongst other matters, the acquisition of Alara's current Khnaiguiyah Zinc-Copper Project in Saudi Arabia and Washihi and Daris Copper-Gold Projects in Oman and the completion of the Khnaiguiyah DFS in April 2013. The Company is pleased to have him return as a member of the Board.
Mr Madan's experience and qualifications is as follows:
Mr H. Shanker Madan
Honours and Masters Science degrees in Applied Geology
Mr Madan has had world-wide experience in the exploration and evaluation of mineral deposits for various commodities. Mr Madan has been the Managing Director of Strike Resources Limited (ASX:SRK), a Manager with Hamersley Iron, Group Leader with BHP Minerals, Chief Geologist with Hancock and Wright Prospecting and a Senior Geological Consultant to the Rio Tinto Group.
1 Refer Alara's ASX Market Announcement dated 5 November 2014: B oa rd Ch ang es
ASX Code | AUQ
ALARA RESOURCES LIMITED
BOARD CHANGES
Mr Madan has managed a range of mineral evaluation studies in Iran, Brazil and Western Australia for BHP, Rio Tinto and Hamersley Iron. He has also acted as a consultant to Rio Tinto, Ashton Mining and others on mineral projects in Brazil, South Africa, India, the Philippines, Fiji and United States, working on a range of iron-ore, diamonds, gold, copper and chromite deposits.
He has been involved in the discovery of 3 world class iron deposits in Western Australia for TexasGulf and BHP Minerals. From 1997 to 2001, Mr Madan managed the evaluation of resource projects for Hamersley Iron and completed a resource due diligence study of the billion-dollar West Angelas project in the Pilbara region of Western Australia.
Board Committees
Shanker Madan has also been appointed Chairman of the Audit Committee.
James Phipps has also been appointed Chairman of the Remuneration and Nomination Committee.
- ENDS -
For further information, please contact:
Justin Richard T | +61 8 6323 5900
Victor Ho T | +61 8 6323 5900
About Alara Resources
Alara Resources Limited (ASX: AUQ) is an Australian-based minerals exploration and mine development company with a portfolio of projects in Saudi Arabia and Oman. Alara has completed a Definitive Feasibility Study (DFS) on its Khnaiguiyah Zinc-Copper Project in Saudi Arabia, an Advanced Scoping Study on its Daris/Washihi Copper-Gold Projects in Oman and an Updated Advanced Scoping Study on its Washihi Project. For more information, please visit: www.alararesources.com.
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