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Motopia Director Steps Down

Motopia (ASX: MOT) director Raelene Webb has stepped down from her role with the company.

The company is soon to be renamed Ausbase Minerals in line with its transition into the resources sector.

Motopia is continuing to move forward with the acquisition of Cyprus-based Treasure Developments, which has a focus on copper-nickel-gold exploration in Cyprus.

Treasure Developments' mining interests cover an area of more than 60 square kilometres that host a number of exploration targets where there is exposed copper, gold, silver, nickel and zinc mineralisation.

Historic assays have delivered high grade copper of up to 19.06% and recent surface sampling suggests the gold is widespread with high grades of up to 17 grams per tonne (g/t) gold.

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