Sundance appoints new board members; $20m raising

Perth-based iron ore company Sundance Resources Ltd are set to accelerate the pre-feasibility study on development of its Mbalam Iron Ore project after the appointment of mining executives, George Jones, Don Lewis and John Saunders to its board and a proposed $20 million capital raising.
The funds will be used on the pre-feasibility study of the Mbalam Iron Ore Project in Cameroon and for general working capital. Sundance is targeting completion of the study in July 2007.
Mr Jones was previously chairman of Portman Mining Ltd and is currently executive chairman of Australian iron ore company, Gindalbie Metals Ltd.
Mr Lewis was previously managing director of Multiplex Engineering Pty Ltd, he was involved in projects including the $350m Moma Mineral Sands project in Mozambique and the $300m Perth Seawater Desalination project in WA.
Dr Saunders' has been involved in leading project and infrastructure development including a 500,000 tpa steel mill in Vietnam and a 750MW hydro project in Nepal.
Commenting on his appointment to the Sundance Board, Mr Jones said he was attracted by the size and grade of the Mbalam iron ore deposits and their potential to underpin a high-quality, low-cost export business for high-grade hematite direct shipping ore.
"Sundance has been able to secure a unique asset in the Mbalam Iron Ore Project and has now put together a quality management team to take this project forward," he said.
Sundance shares are currently valued at 9.2 cents.


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer