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TUNGSTEN MINING NL — Board/Management Information 2014
Jun 15, 2014
65918_rns_2014-06-15_2faaadf6-0d37-40cb-b865-208fb528bfdf.pdf
Board/Management Information
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16 June 2014
TERMS OF CONSULTANCY AGREEMENT
As announced on 10 June 2014 by Tungsten Mining (TGN, the Company), Mr Paul Berndt will stand down as Managing Director and continue as a Non-Executive Director, and will provide consultancy services to the Company from 1 August 2014.
In accordance with ASX Listing Rule 3.16.4, the Company advises Mr Berndt’s consultancy services will be engaged at the Company’s discretion, as required, for up to 4 days per month, for a minimum period of 12 months from 1 August 2014 at a rate of $2,000 per day.
Mr Berndt will also receive a Non-Executive Director fee paid from the pool of non-executive director remuneration previously approved by shareholders.
About Tungsten Mining
Tungsten Mining NL was admitted to ASX on 13 December, 2012. The Company is focused on development and exploitation of tungsten deposits. The management of the company has previous experience in tungsten mine development and operations. Due to the Chinese position on export restrictions, and to the strong global demand for tungsten, particularly in the developing countries, the fundamentals of the tungsten market remain strong. Tungsten Mining, with its experienced management and high quality assets in good mining jurisdictions, believes it is very well positioned to become a significant supplier of tungsten in a short time frame.
Visit our website at www.tungstenmining.com.
For further information contact:
Patrick McManus Non-Executive Chairman Tel: +61 8 9477 3031 [email protected] Colin Hay PPR Public Relations Tel: +61 8 9388 0944 [email protected]
Tungsten Mining NL ASX:TGN ASX Announcement
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