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SANDFIRE RESOURCES LIMITED — Board/Management Information 2013
Jun 18, 2013
65773_rns_2013-06-18_b2b9fb63-6a6c-4ca3-a007-bb3deecbc761.pdf
Board/Management Information
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Sandfire Resources NL ABN 55 105 154 185 Level 1, 31 Ventnor Ave, West Perth Western Australia 6005 Phone: +61 8 6430 3800 Fax: +61 8 6430 3849 Email: [email protected] Web: www.sandfire.com.au
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ASX/Media Release 19 June 2013
SANDFIRE APPOINTS NEW CHIEF OPERATING OFFICER
FORMER SENIOR RIO TINTO, BHP BILLITON AND NORTH LIMITED EXECUTIVE MIKE SPREADBOROUGH
Sandfire Resources NL (ASX : SFR ; “Sandfire”) is pleased to announce that it has appointed highly experienced mining operations and company executive Mike Spreadborough as its new Chief Operating Officer commencing in August 2013.
Mr Spreadborough, who joins Sandfire from his most recent role as Chief Operating Officer for Inova Resources Ltd (formerly Ivanhoe Australia Ltd), has more than 20 years of experience in mining copper, gold, lead, zinc, uranium and iron ore, including 16 years of underground mining experience.
During his tenure as COO, Inova re-commenced production for the Osborne and Selwyn operations and completed major studies on the Merlin, Mt Dore and Mt Elliot Projects. Prior to that, Mr Spreadborough was General Manager – Coastal Operations for Rio Tinto for five years with accountability for the operation of the Cape Lambert and Dampier ports with capacity of 220 million tonnes, and a workforce of over 1,000 employees and contractors.
Earlier in his career, he was General Manager Mining for WMC and later Vice President – Mining for BHP Billiton at the world-class Olympic Dam Mine in South Australia. At Olympic Dam he was responsible for all aspects of the operation including safety, production targets, mine development and leading a team of 900 employees and contractors. Prior to this, he held a number of senior operational positions for North Limited, including Executive of Bulk Commodities and Manager Mining and Underground Development at the Kanowna Belle Gold Mine near Kalgoorlie.
Mr Spreadborough holds a Bachelor of Mining Engineering from the University of Queensland and an MBA from Deakin University, as well as a WA First Class Mine Manager’s Certificate of Competency. He is a member of the Australian Institute of Company Directors.
Sandfire’s Managing Director, Mr Karl Simich, said: “We are absolutely delighted to have attracted someone of Mike’s experience and calibre to join our team as Chief Operating Officer. During an impressive career with some of the world’s leading mining companies, Mike has held a number of senior operational and managerial roles. He has managed complex operations, developed large-scale greenfields and brownfields projects and assisted with corporate development and strategy. These include lengthy stints at large-scale underground mines such as Olympic Dam and Kanowna Belle.
“With 16 years of direct experience in underground mining, Mike’s skills are perfectly suited to Sandfire’s current stage of operations as we complete the ramp-up of the underground mine and 1.5Mtpa Concentrator at the DeGrussa Copper Project. His corporate development and strategic skills will also be vital as we embark on our next chapter of growth – new business opportunities in the Doolgunna region and further afield.”
“On behalf of our Board and Management Team, I welcome Mike to Sandfire and look forward to his contribution to the Company.”
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ASX/Media Release
19 June 2013
ENDS
For further information contact: Sandfire Resources NL Karl Simich – Managing Director/CEO Office: +61 8 6430 3800
Read Corporate Mobile: +61 419 929 046 (Nicholas Read) Mobile: +61 421 619 084 (Paul Armstrong)
Forward-Looking Statements
Certain statements made during or in connection with this statement contain or comprise certain forward-looking statements regarding Sandfire’s Mineral Resources and Reserves, exploration operations, project development operations, production rates, life of mine, projected cash flow, capital expenditure, operating costs and other economic performance and financial condition as well as general market outlook. Although Sandfire believes that the expectations reflected in such forward-looking statements are reasonable, such expectations are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward looking statements and no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, delays or changes in project development, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in metals prices and exchange rates and business and operational risk management. Except for statutory liability which cannot be excluded, each of Sandfire, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this statement and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this statement or any error or omission. Sandfire undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events other than required by the Corporations Act and ASX Listing Rules. Accordingly you should not place undue reliance on any forward looking statement.
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