Ian Benning, chief executive officer, commented on the company's transition from a South African anthracite explorer to a developer:
"We are currently reviewing ZYL's board structure to ensure we are equipped with an appropriate range and depth of skills to steer ZYL through its transition from explorer to developer and as part of this process it is expected that Mr Tarratt will move to an executive director role and a new non-executive chairman will be appointed.
"We welcome Glenn Whiddon to the Board. He brings considerable experience in the resources sector, and is joining us at a very exciting time in the company's development."
It is an interesting time in ZYL's development, with the company recently acquiring an additional 30% of its Mbila project and adding two more anthracite projects to its portfolio in South Africa.
The deal has increased ZYL's ownership of the project to 74%.
ZYL has also gained rights to a 60% interest in the Marble Project, located 30 kilometres west of Mbila, as well as rights to a 70% interest in the Kangwane North Project, located 30 kilometres north of the company's Kangwane Central.
This will increase ZYL's economic interest both in the Mbila Project and in the Kangwane Project area.
ZYL's Mbila Project is on track to begin producing in the near term, with first production slated for the June quarter 2013.
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