| Company Secretary Resignation - A Bird (2 pages) | |
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Announcement re board changeover
ASX RELEASE - 28 AUGUST 2015
COMPANY SECRETARY RESIGNATION
BC Iron Limited (ASX: BCI) ("BC Iron" or the "Company") advises that Anthea Bird has resigned as Company
Secretary effective at close of business today.
BC Iron thanks Anthea for her contribution to the Company and wishes her all the best with her future endeavours.
Hayley McNamara continues to be Company Secretary of BC Iron.
- ENDS -
FOR FURTHER INFORMATION: MEDIA ENQUIRIES:
MORGAN BALL DAVID TASKER / TONY DAWE MANAGING DIRECTOR PROFESSIONAL PUBLIC RELATIONS BC IRON LIMITED TELEPHONE: +61 8 9388 0944
TELEPHONE: +61 8 6311 3400
BC Iron Limited
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Level 1, 15 Rheola Street
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GPO Box 2811
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+61 8 6311 3400
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E [email protected]
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ABN 21 120 646 924
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West Perth WA 6005
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West Perth WA 6872
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F
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+61 8 6311 3449
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W www.bciron.com.au
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ABOUT BC IRON LIMITED
BC Iron is an iron ore mining and development company with assets in the Pilbara region of Western Australia, including the Nullagine Joint Venture ("NJV"), Iron Valley and Buckland. BC Iron is listed on the ASX under the code 'BCI'.
The NJV is an unincorporated 75:25 joint venture with Fortescue Metals Group Limited ("Fortescue"), which commenced exports in February 2011. The NJV utilises Fortescue's infrastructure at Christmas Creek, 50km south of the Nullagine mine, to rail up to 6Mtpa of ore to Port Hedland from where it is shipped directly to customers overseas.
Iron Valley is being operated by Mineral Resources Limited ("MIN") under an iron ore sale agreement. MIN operates the mine at its cost and purchases Iron Valley product from BC Iron at a price linked to MIN's realised sale price. MIN is currently evaluating a range of initiatives that have the potential to improve the long term viability of Iron Valley and its value to both parties.
Buckland is a development project located in the West Pilbara region. It has Ore Reserves of 134.3 Mt at
57.6% Fe, a completed and announced feasibility study, its own proposed infrastructure solution comprising a haul road and transhipment port at Cape Preston East, and all primary tenure and licences secured. BC Iron is currently evaluating all options to determine the optimal development and financing path for Buckland.
BC Iron also has an interest in a number of other exploration stage projects in the Pilbara and potential royalties over the Koodaideri South and North Marillana tenements.
KEY STATISTICS
Shares on issue:
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196.2 million
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Cash and cash equivalents:
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$67.7 million
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as at 30 June 2015
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Board:
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Tony Kiernan Morgan Ball Martin Bryant Andy Haslam Brian O'Donnell
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Chairman and Non-Executive Director
Managing Director
Non-Executive Director Non-Executive Director Non-Executive Director
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Hayley McNamara
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Company Secretary
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Major shareholders:
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Wroxby Pty Ltd
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19.0%
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Website: www.bciron.com.au
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BC Iron Limited
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DEVELOPMENT STAGE |
CODE : BCI.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
BC Iron is a development stage company based in Australia. BC Iron develops iron in Australia. Its main asset in development is NULLAGINE IRON in Australia. BC Iron is listed in Australia and in Germany. Its market capitalisation is AU$ 123.6 millions as of today (US$ 83.0 millions, € 76.0 millions). Its stock quote reached its highest recent level on March 07, 2014 at AU$ 4.87, and its lowest recent point on February 05, 2016 at AU$ 0.08. BC Iron has 392 529 984 shares outstanding. |