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AUSGOLD LIMITED — Board/Management Information 2011
Oct 17, 2011
64457_rns_2011-10-17_0c29fc7f-5281-498e-ab9c-ad882e534fcc.pdf
Board/Management Information
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ASX ANNOUNCEMENT
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18 OCTOBER 2011
MANAGEMENT CHANGES
It is with regret that Ausgold Limited (“Ausgold” or “the Company”) (ASX: AUC) announces that CEO Benjamin Bell has tendered his resignation from the Company to pursue a role within the West African mining industry, effective 7 November 2011.
Benjamin has been a driver behind the Company’s Katanning Gold Discovery in Western Australia where a major drilling programme is underway to scope the size of the discovery and deliver an initial JORC compliant resource. Having successfully led Ausgold to this exciting stage, Benjamin is departing to take up an opportunity focussing on grass root exploration in Africa.
Commenting on his resignation, Chairman Robert Pett stated, “We wish to thank Benjamin for the contribution he has made to Ausgold since the Company listed in 2009. He has been an integral part of the growth of our Company, in particular our exciting gold discovery at Katanning. Ben leaves in place an excellent exploration team fully resourced and focused on the drilling at Katanning and surrounding areas. Whilst we are disappointed to see Benjamin leave, we wish him well in his new endeavours.”
The Board is moving quickly to appoint a high calibre successor to this position to lead the Company through the next exploration and development phase and in the interim, Chairman Robert Pett will assume CEO responsibilities.
At the same time, Ausgold is pleased to announce the appointment of Marc Di Silvio B.Bus, MBA, CPA, as Chief Financial Officer.
Marc is a Certified Practicing Accountant with 20 years’ experience in the resources sector, most notably in petroleum and gold. He spent ten years in senior positions with Woodside Petroleum Ltd and more recently, was Chief Financial Officer at LSE and TSX listed Centamin Egypt Ltd, where he was a key member of the executive team responsible for delivering the first modern gold mine in Egypt.
Marc holds a Master’s Degree in Business Administration from the University of Western Australia.
Commenting on his appointment Chairman Robert Pett said, “We are fortunate to recruit a CFO of Marc’s calibre and with such excellent recent experience in gold exploration and development. We expect Marc to play a key role in the management of Ausgold and in particular, providing strong financial and administrative support to our growing exploration and development team.”
Marc Di Silvio’s appointment is effective 24 October 2011.
ENDS
For further information, shareholders and media please contact:
Robert Pett Victoria Thomas Chairman Six Degrees Investor Relations Ph: (08) 9220 9870 Ph: (03) 9674 0347 Email: [email protected]
Ausgold Limited ACN 140 164 496 Level 14, 191 St George’s Terrace, Perth, Western Australia 6000 T +61 8 9424 9300 F +61 8 9321 5932 E [email protected] W www.ausgoldlimited.com