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  • Havilah Resources Restructuring Board 0 comments
    Nov 10, 2013 8:26 PM

    Havilah Resources (ASX: HAV) is restructuring its board as it transitions towards becoming a minerals producer with executive chairman Dr Bob Johnson stepping down.

    The board has elected directors Ken Williams as its independent non-executive chairman and Dr Chris Giles as its managing director.

    Giles will remain in this role until the company appoints a suitably qualified and experienced senior executive, who will be responsible for management of the development and operation of Havilah's three advanced mineral projects, namely Portia gold, Kalkaroo copper-gold and Maldorky iron ore.

    He will then return to his role as technical director, exploration and corporate development.

    "As one of the founders and a driving force within Havilah, Dr Bob Johnson has played a key role in Havilah's extraordinary exploration success over the last decade," Williams said.

    "Bob has stepped aside to allow Havilah to engage a different skill set in order to focus on the next stage of its development as it becomes a mineral producer."

    The company had recently appointed the former head of NAB Corporate, South Australia, Paul Mertin as an independent non-executive director of the company and chair of the audit committee.

    It has recently identified a potential economic extension to the current cooper-gold resource at its West Kalkaroo conceptual open pit.

    Havilah has also submitted a Mining Lease Proposal document to the Department for Manufacturing, Innovation, Trade, Resources and Energy for Maldorky that specifies details of the mining operations and supports its application for a mining lease over the mine.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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