Carrick Gold and Condor Nickel have both filled the hole on their boards created by the resignation of Ian Burston, announcing Robert Schuitema will join the companies.
Carrick Gold and Condor Nickel have both filled the hole on their boards created by the resignation of Ian Burston, announcing Robert Schuitema will join the companies.
Mr Schuitema is a resource specialist investment banker and has worked with some of the largest resource financing houses internationally, including Chase Manhattan Bank and JP MorganChase.
Carrick Gold chairman Brian Martin said Mr. Schuitema's experience in advising resource companies with projects of varying scales in relation to their finance requirements will be very valuable to Carrick as it moves through its exploration program and toward gold production.
Dr Martin who is also the interim chairman of Condor Nickel said, "Mr Schuitema's accountancy and governance experience will also build on the Board's desire to exceed best practice in these areas."
"Condor is in the process of establishing a senior executive team in order to add depth to
management and to carry out its goals."
"This will continue the Company's strategy which was recently commenced with the appointment of Laurence Freedman to the Board."
See statements from Condor and Carrick below:
Carrick Gold Limited (ASX Code: CRK) is pleased to announce that it has appointed a resource specialist investment banker, Mr. Robert Schuitema, to the Board of Directors as it continues to strengthen its management team.
Mr. Schuitema has held high level positions with some of the largest resource financing houses internationally, including Chase Manhattan Bank and JP MorganChase.
Carrick Gold Chairman, Dr Brian Martin, said Mr. Schuitema's experience in advising resource companies with projects of varying scales in relation to their finance requirements will be very valuable to Carrick as it moves through its exploration program and toward gold production.
"Mr. Schuitema's accountancy and governance experience will also build on the
Board's desire to exceed best practice in these areas," Dr Martin said.
"Carrick Gold has a solid base from which to execute its exploration and resource development strategy," he said.
"The Company is well-positioned with cash at bank of over $20 million and no debt as it continues to explore its gold tenements located north-east of Kalgoorlie."
"Carrick Gold is in the process of establishing a senior executive team in order to add depth to management and to carry out its stated goals - Mr. Schuitema's appointment is an example of this strategy in action."
"This will continue the strategy which was recently commenced with the appointment of Mr. Laurence Freedman AM to the Board."
"This is a time of transition for Carrick as it moves from gold explorer to resource definition and towards production."
"The board is committed to ensure that all necessary resources and expertise are available to execute the transformation."
See Condor Statement below:
Western Australian iron ore and nickel explorer, Condor Nickel Ltd (ASX Code: CNR) today appointed resource specialist investment banker, Mr Robert Schuitema, to the Board of Directors as it continues to strengthen its management team.
Mr Schuitema has held high-level positions with some of the largest resource financing houses internationally, including Chase Manhattan Bank and JP MorganChase.
Condor interim Chairman Dr Brian Martin said Mr Schuitema's experience in advising resource companies with projects of varying scales in relation to their finance requirements will be very valuable to Condor as it assesses, with a view to commercialising, its iron ore deposit as well as its manganese and nickel opportunities.
"Mr Schuitema's accountancy and governance experience will also build on the Board's desire to exceed best practice in these areas," Dr Martin said.
"Condor is in the process of establishing a senior executive team in order to add depth to
management and to carry out its goals."
"This will continue the Company's strategy which was recently commenced with the appointment of Mr Laurence Freedman AM to the Board."
"Condor holds an attractive asset base of iron ore, manganese and nickel targets," he said.
"The Company is well-positioned with cash at bank of over $4 million, with no debt, as it continues to explore its iron ore targets located 450 kilometres north of Kalgoorlie."
"Recent exploration the Company's Dingo Range target, confirmed the presence of significant iron enrichment in surface gravels and rock outcrops over a strike distance of approximately 40 kilometres."
"The Dingo Range tenements are now the focus of the Company's drilling activity to assess if sufficient quantity of deposit exists to be 'Direct Shipping Ore', which does not require significant processing."
