Dixon, Southam join Padbury Mining

Padbury Mining has announced the appointment of former Gindalbie executives Garret Dixon and David Southam to its board of directors, effective immediately.

Padbury chairman John Saunders said the new appointments would bring considerable experience to the company, having played major roles in the development of Gindalbie’s Karara iron ore project.

“Having defined a significant Inferred JORC resource and identified highly prospective hematite targets at our flagship Peak Hill Iron project, Padbury is now ready to move into the next phase of project development,” Dr Saunders said.

“Our focus for the next 12 months is on taking the project through pre-feasibility with an aggressive program of work.

“The independent skills and experience of Mr Dixon and Mr Southam will be invaluable in guiding this process.”

The appointments will require ratification by Padbury shareholders at its next general meeting.

At close of trade today Padbury’s stock was down 5.9 per cent, to 1.6 cents.