Microsoft Word - 20150817 Tiger announcement CEO Director resignation.docx
ABN 52 077 110 304
17 August 2015
Retirement of CEO
Perth, Western Australia: Tiger Resources Limited (ASX/TSX: TGS, "Tiger") announces that Mr Brad
Marwood has retired as Chief Executive Officer and as a director of the Company.
Mr Marwood has made a major contribution to Tiger over his five and a half years as CEO, having played a pivotal role in bringing the Company's flagship Kipoi Copper Project in the Democratic Republic of Congo (DRC) from a grassroots exploration project into full copper cathode production in less than eight years and delivering, first, the Stage 1 HMS operation and, subsequently, the world-class Stage 2 solvent- extraction electro-winning (SXEW) plant at Kipoi into production on time and on budget; an outstanding achievement given the challenges of bringing resource projects in developing countries such as the DRC on stream.
Tiger's Board of Directors places on record its thanks to Mr Marwood for his hard work, professionalism and leadership in bringing Tiger to its present status as one of the leading ASX-listed copper cathode producers, and wishes him well in his future endeavours.
In view of his unrivalled knowledge of the Kipoi Project, Tiger is pleased to advise that Mr Marwood's company has agreed to provide services to the Company as an adviser for an interim period to assist with the transition to the new leadership team.
Michael Griffiths, a director of Tiger since December 2012, will assume the role of Interim CEO pending the identification of a successor to Mr Marwood. Mr Griffiths brings to Tiger over 30 years' experience in the minerals and energy sector in Australia and Africa. Michael has held a number of directorships of both ASX and TSX-V listed companies and as CEO of ASX-listed Sub-Sahara Resources NL between 1998 and
2009, he led a team responsible for the discovery and development of significant gold deposits in Eritrea and Tanzania. Mr Griffiths is a Fellow of AusIMM and a graduate of the Australian Institute of Company Directors.
Mr Griffiths's appointment will be for an initial period of six months and his consulting company will receive a fee of $225 per hour + GST for the provision of his services.
For further information in respect of the Company's activities, please contact:
Level 1, 1152 Hay Street, West Perth, WA 6005 - PO Box 379, West Perth, WA 6872
T: +61 (0)8 6188 2000 F: +61 (0)8 6188 2099 E: [email protected] W: www.tigerresources.com.au