7 September 2015
DIRECTOR RESIGNATION
Redstone Resources Limited (ASX: RDS) ("Redstone" or "the Company") advises that Mr Clinton Wolf has today resigned as a non-executive director of the Company due to his increasing work commitments. This will allow Mr Wolf to focus on his other business interests and responsibilities.
The Board sincerely thanks Mr Wolf for his commitment and valued contribution to the
Company since his appointment in February 2014.
An Appendix 3Z - Final Director's Interest Notice is attached to this notice.
For further information please contact: Richard Homsany
Chairman
Redstone Resources Limited
+61 (08) 9328 2552 [email protected]
Redstone Resources Limited ABN 42 090 169 154 www.redstone.com.au
60 Havelock Street, West Perth WA 6005 Tel: 08 9328 2552 Fax: 08 9328 2660 Email: [email protected]
ASX: RDS
ABOUT REDSTONE RESOURCES
Redstone Resources Ltd (ASX: RDS) is a Perth-based company focused on highly prospective copper exploration properties in the West Musgrave region of Western Australia.
Redstone's 100% owned Tollu Project is located in the south-east portion of the West Musgrave region of Western Australia. The Tollu Project consists of a large swarm of hydrothermal copper rich quartz veins in a mineralised system covering an area at least 5km2. Malachite-rich gossans associated with quartz veins are exposed at surface and form part of a dilatational system between two major structures within the Tollu Fault Zone.
The Tollu Project has a Conceptual Exploration Target estimated to be 22 to 33 million tonnes of mineralisation at a conceptual grade range of 0.9 - 1.3% Cu, containing 198,000 to 445,000 tonnes of copper. This includes 4.3 to 6.4 million tonnes of mineralisation at a conceptual grade range of 1.6 - 2.4%, containing 69,000 to 154,000 tonnes of Copper on the Chatsworth Prospect.
The potential quality and grade of the Exploration Target is conceptual in nature. It is important to note that there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Competent Persons Statement
The information in this announcement that relates to Exploration Targets and Exploration Results was
authorised by Mr Darryl Mapleson, a Principal Geologist and a full time employee of BM Geological Services, who are engaged as consultant geologists to Redstone Resources Limited. Mr Mapleson is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Mapleson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to act as a competent person as defined in the 2012 edition of the "Australasian Code for reporting of Exploration results, Mineral Resources and Ore Reserves". Mr Mapleson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Redstone Resources Limited ABN 42 090 169 154 www.redstone.com.au
60 Havelock Street, West Perth WA 6005 Tel: 08 9328 2552 Fax: 08 9328 2660 Email: [email protected]
Appendix 3Z Final Director's Interest Notice
Appendix 3Z
Final Director's Interest Notice
Rule 3.19A.3
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity Redstone Resources Limited
ABN 42 090 169 154
We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.
|
Name of director
|
Clinton Wolf
|
|
Date of last notice
|
5 March 2014
|
|
Date that director ceased to be director
|
7 September 2015
|
Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Number & class of securities
N/A
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Z Page 1
Appendix 3Z
Final Director's Interest Notice
Part 2 - Director's relevant interests in securities of which the director is not the registered holder
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Name of holder & nature of interest
Note: Provide details of the circumstances giving rise to the relevant interest
Kingcorp Pty Ltd
Trust>
Number & class of securities
2,000,000 fully paid ordinary shares
Part 3 - Director's interests in contracts
|
Detail of contract
|
N/A
|
|
Nature of interest
|
N/A
|
|
Name of registered holder
(if issued securities)
|
N/A
|
|
No. and class of securities to which interest relates
|
N/A
|
+ See chapter 19 for defined terms.
Appendix 3Z Page 2 11/3/2002