Burston joins Cape Lambert

Leederville based iron ore developer Cape Lambert Iron Ore Ltd has secured the services of Ian Burston as non-executive chairman of develop its namesake mine in the Pilbara.

Dr Burston, who currently serves as non executive chairman of Aztec resources Ltd, Imdex Ltd and the Broome port authority, has been involved with some of the country's most significant mining projects.

Cape Lambert executive chairman Tony Sage said Dr Burston's had wealth of experience in taking a project from exploration to production would be an asset to the company.

Cape Lambert aims to start producing iron ore from the project in 2009, targeting initial production of between five million tonnes and seven million tonnes.

Dr Burston will start with the company next week, with Mr Sage staying on as executive director.

The full statement from Cape Lambert is pasted below:

Cape Lambert Iron Ore limited (ASX:CFE) (AIM:CLIO) ("The Company") is pleased to announce
the appointment of Dr Ian Burston, AM as non-executive Chairman.
Dr Burston brings with him exceptional skills in resource management and has more than 30
years of top -level experience in extractive and related industries.
Executive Chairman Tony Sage welcomed Dr Burston to his new position, saying that he was
confident Dr Burston's wealth of experience would be a valuable asset to the to the developing
Iron Ore producer.
"Dr Burston has been involved with some of the country's most significant mining projects. His
particular skill is his ability to take a project from exploration to development stage in the most
efficient and successful manner. To attract someone of this calibre, is a great testament to the
world-class nature of the Cape Lambert Iron Ore Project and our development plans," Mr Sage
said.
Dr Burston holds a Bachelor of Engineering (Mech) degree from Melbourne University and a
Diploma in Aeronautical Engineering from Royal Melbourne Institute of Technology. He has
completed the Insead Management Paris and the Harvard Advanced Management Program in
Boston.
In 1992 Dr Burston was named the Western Australian Citizen of the Year (Industry and
Commerce category), and in 1993 he was awarded an Order of Australia (General Division). In
1995 Curtin University Of Technology made him an Honorary Doctor of Science.
Formerly Dr Burston has held positions as Managing Director of Portman Limited, Managing
Director and Chief Executive Officer of Aurora Gold Ltd, Chief Executive Officer of Kalgoorlie
Consolidated Gold Mines Pty Ltd, Vice President - WA Business Development of CRA Ltd and
Managing Director of Hamersley Iron Pty Ltd. He was a non-executive Director of the
Esperance Port Authority for ten years. Dr Burston is currently a non-executive Chairman of
Broome Port Authority, Aztec Resources Limited and Imdex Ltd, and a non-executive Director of
Mincor Resources NL and AVIVA Corp Ltd.
The Cape Lambert Iron Ore Project, located in the Pilbara region of Western Australia has a
JORC Code compliant resource of 2.5 billion tonnes (at 30% Fe at 250 m depth & 25% Fecut
off). Cape Lambert has previously advised that a Bankable Feasibility Study (BFS) is underway
and is expected to be completed mid 2007.
The project is targeting production in late 2009, with production likely to be between five and
seven million tonnes of iron ore concentrate/annum. Negotiations regarding off-take from the
project are on-going and will be stepped up following the appointment of Dr Burston.
The appointment of Dr Burston will take affect from 3rd July 2006. Subject to shareholder
approval Dr Burston will be issued with a total of 10 million incentive options and a further
13million incentive options will be issued to existing Directors and consultants of CFE.
Mr Sage will remain full time as Executive Director of the Company.
Drilling Programme update
CFE is pleased to announce that phase one of the drilling programme has commenced and
results will be announced as soon as practicable.