New Business Generation to Drive D'Aguilar

D'Aguilar's CEO, Nick Mather, has announced several new measures to enhance D'Aguilar's new business generation capabilities and corporate development.

D'Aguilar sees the current global macroeconomic environment as providing opportunity for the acquisition of new mineral and gas provinces. Mr Mather says he cannot see world growth slowing to such a degree that demand won't overtake supply.

"We regard the outlook for commodity prices over the next 20 years as robust," he says.

D'Aguilar places a great deal of emphasis on its people and values its human resources as one of the three key factors required to build a successful resource company. D'Aguilar has identified an opportunity to provide an equity base for talented explorationists and business developers who can significantly upscale D'Aguilar's expansion. 

"We are keen to hear from new opportunity generators in all areas of resource exploration and development. We are committed to helping them enrich themselves," says Mr Mather.

• Accordingly, D'Aguilar has recently established a project generation base in London and Ms Amanda Geard and Mr Barry Stoffel have been engaged to provide new opportunity generation capabilities for the group. 
• The London Base will provide coverage predominantly over the Middle East and Africa with a focus on bulk commodities, particularly iron ore, bauxite and fertiliser feedstock, potash and phosphate. 
• D'Aguilar expects their global experiences and recent experience with Rio Tinto will provide valuable background from which D'Aguilar can continue to broaden its asset base. 
• D'Aguilar will be focused on the initial generation of substantial new high grade iron ore projects for Iron Ridge Resources, D'Aguilar's iron, titanium and bauxite exploration subsidiary.
• Mr Mather has resigned as the Chief Executive Officer and Managing Director of associated company, Solomon Gold effective at the end of this month. D'Aguilar holds 12.5% interest in Solomon Gold.
• The move enables Mr Mather to continue to increase effort and attention on building D'Aguilar's asset base.
• The role of CEO of Solomon Gold will be filled by Mr Malcolm Norris. Mr Norris headed up the discovery of the Tujuh Bukit porphyry for Intrepid Mines, now an AU$1.077bn company. 
• D'Aguilar sees the appointment of Mr Norris as strengthening Solomon Gold as the south west Pacific gold specialist evolves from an explorer to the feasibility and development stages of its lifespan. This evolution is propelled by the well endowed Rannes project in Central Queensland.

D'Aguilar expects to make further executive appointments to assist with its rapid expansion over the next quarter. 

D'Aguilar Gold is currently trading at $0.09 on the Australian Stock Exchange.

Contact: 

Carlie Rogers Jessica Sier

crogers@daguilar.com.au jsier@daguilar.com.au

+61 7 3303 0680 +61 7 3303 0691