Galaxy Resources Limited - Appoints Michael Spratt As Independent Non Executive Director
11.02.2011 | ABN Newswire
10:35 AEST Feb 11, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Emerging lithium producer, Galaxy Resources Ltd (ASX: GXY) (PINK: GALXF) ('Galaxy'), is pleased to announce the appointment of Michael Spratt as independent Non-Executive Director to the Galaxy board.
Mr Spratt's appointment satisfies the requirement of Galaxy to have three independent directors on its board ahead of its listing on the Stock Exchange of Hong Kong (SEHK) late in Q1, 2011.
Mr Spratt has 48 years of experience in the base metals, mining, processing, smelting and construction sectors. He was previously the Managing Director of Thailand's Thaisarco Limited, which is one of the world's largest tin smelters and is currently the Chairman of Kasbah Resources Limited (ASX: KAS). Other past positions include Chief Operating Officer of Minproc Limited and Executive Vice President and Operations Director of Kaiser Engineers Pty Ltd.
Mr Spratt is a qualified metallurgist with extensive experience managing a range of operations in a variety of environments and geographies including Australia, Asia, and Africa.
Welcoming the appointment, Galaxy Resources Chairman Craig Readhead said: 'Mr Spratt's wealth of experience will significantly strengthen the Galaxy Board. His expert knowledge of upstream and downstream mining processes will help guide Galaxy through its exciting new growth phase and help to deliver shareholder value.'
About Galaxy Resources Limited:
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is an emerging mining and chemical company focusing on lithium and tantalum production. Galaxy is at an advanced stage of developing its Mt Cattlin Lithium Project (hard rock spodumene) in Ravensthorpe, Western Australia. The Project encompasses a mine and minerals plant which will produce 137,000 tpa of 6% Li2O spodumene concentrate. Galaxy intends to add value to the Mt Cattlin Project by establishing its own downstream lithium processing facilities in China.
The Company is finalising plans to establish a lithium carbonate chemical facility in Jiangsu Province, producing 17,000 tpa of lithium carbonate.
Contact:
Iggy Tan
Managing Director
Galaxy Resources Limited
Tel: +61-8-9215-1700
Email: ir@galaxylithium.com
http://www.galaxylithium.com