Magnetite Mines Limited announced the appointment of two new Non- Executive Directors of the company, Mr. Jim McKerlie and Mr. Paul White, effective immediately. These appointments will result in the Board having a majority of Non-Executive Directors, consistent with ASX Recommendation 2.4 of the Governance Guidelines and the Company's strategy of strengthening the Board's experience and expertise for the benefit of all shareholders. Former Chair of Drillsearch, Mr. McKerlie is a highly-regarded global business leader and experienced public company chairman with over 30 years' experience transforming digital, media, technology, energy and professional services organisations. He has held senior roles and board positions for ten public company boards including ASX200 companies. Former Brisbane Broncos Chief Executive Officer, Mr. White is a highly accomplished and experienced
business leader with a track record of driving organisational performance and delivering superior outcomes in both corporate and board positions. Until 28 February 2021, Mr. White was the CEO of Brisbane Broncos. Prior to his role with the Broncos, Mr. White gained considerable experience within the mining sector over an 8-year period in a variety of senior leadership and executive roles, both within site-based operations and corporate roles. He also spent 17 years in the Queensland Police Service finishing his career as the Officer in Charge of Mount Isa.