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Arc Exploration Director George Tahija To Step Down

Arc Exploration (ASX: ARX) director George Tahija is retiring from the company's board at its annual general meeting on 22 May due to the recent listing of Austindo Nusantara and his increasing time commitments.

He has agreed to remain as an advisor to the Board as may be required from time to time.

Tahija has previously served as the company's chairman whose extensive business knowledge and deep insights into Indonesia have been invaluable over the years.

The company has restarted drilling at the Singgahan Prospect of its Trenggalek Project in East Java, Indonesia, on a recently identified porphyry copper-gold target.

Drilling is fully funded by joint venture partner Anglo American, which is earning a 51% interest in the project. This provides a clue as to potential prospectivity of the project.

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