Westgold Resources Limited Announce Appointment of Managing Director and Board Restructure
01.06.2011 | ABN Newswire
09:26 AEST June 1, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Westgold Resources Limited (ASX: WGR) advises that it has restructured its Board to reflect the Company's focus on development and production from its Northern Territory and Western Australian gold projects.
Mr Scott Huffadine has been appointed as the new Managing Director with immediate effect. Mr Huffadine is a Geologist (BSc. (Hons)) with over 18 years' experience in the resources industry, specifically in mining project management and geology. He was an Executive Director of Metals X Limited (ASX: MLX) since June 2009, and was the Chief Operating Officer of the same company for the two years prior to this. Prior to joining Metals X, he was employed by Harmony Gold Australia Pty Ltd as the General Manager of the Hill 50 Gold project for 4 years which included the assets that encompass the current Central Murchison Gold Project.
Mr Huffadine's previous roles have seen him manage operational start-ups for open pit and underground mining operations, as well as the operational management of large scale going concerns in a number of regulatory environments and commodities. His appointment and background in project development and production reflects the Company's clear focus on building the next mid tier Australian gold producer through the development of the Central Murchison Gold Project (CMGP) and Rover 1.
Mr Andrew Beckwith will continue to apply his extensive experience and lead the Company's exploration team in an executive role as Director - Exploration.
Aragon's former Managing Director, Mr Paul Benson, has elected not to take up a position with Westgold and will pursue other opportunities. The Board would like to thank Mr Benson for his valuable contributions during his Aragon directorship.
Mr Paul Cmrlec has tendered his resignation as a director of Westgold in order to focus on his role as Managing Director of Pacific Niugini Limited. The Board would like to thank Mr Cmrlec for his valuable contributions during his directorship.
With the above changes Westgold believes it has an appropriately experienced Board and executive team to meet the Company's new objectives.
About Westgold Resources Limited:
Westgold Resources Limited (ASX: WGR) has established the strong platform to build Australia’s next mid-tier Gold producer targeting production of 200,000 ounces per annum. This will be sourced from two main production centres located within two geological provinces which have historical combined production in excess of 10 Million ounces of gold.
The key projects are the Rover 1 Gold-Copper Project in the Northern Territory and the Central Murchison Gold Project in Western Australia which contain a 3 Million ounce gold equivalent resource base in aggregate. Both projects hold significant underlying exploration potential which will see the company well positioned to advance to production and build a project pipeline leveraging shareholder value from long life projects with established infrastructure.
The Company is building near term gold production from an integrated open pit and underground mining operation at the brown fields Central Murchison Gold Project (CMGP) and will move to develop a decline access to the Rover 1 deposit over the next 12 months.
Contact:
Michael Atkins
Chairman
Tel: +61-8-9326-5700
http://www.westgold.com.au
