Magnetite Mines welcomes Jim McKerlie as new chair
September 13, 2023 at 05:01 pm EDT
Share
(via NewsDirect)
Magnetite Mines Ltd (ASX:MGT) incoming chair Jim McKerlie speaks with Proactive following news of his appointment. McKerlie, who joined the Magnetite Mines board in January last year, will assume the role on September 25. An accomplished public company chairman and corporate executive with more than three decades of business experience, McKerlie's track record includes serving as chair of Drillsearch Energy Ltd, where he steered substantial growth through mergers and acquisitions and international capital raisings, and as director of Beach Energy Ltd following the Beach-Drillsearch merger.
“As incoming chair, I will be harnessing a renewed board with broad and deep expertise, recently bolstered by the appointment of respected mining engineer and mineral economist Dr Carmen Letton and including respected global steel industry executive Simon Wandke, experienced executive Paul White and former executive chair Peter Schubert.
“I have large shoes to fill – I thank Mark for his enormous contribution to the company and tireless commitment to the highest standards and am delighted that he will remain available to MGT as a senior technical advisor,” McKerlie said.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Magnetite Mines Limited is an Australia-based iron ore company. The Company is focused on the development of magnetite iron ore resources in the highly prospective Braemar iron region of South Australia. Its projects include Razorback Iron Ore Project and Muster Dam Iron Ore Project. The Razorback Iron Ore Project is a magnetite iron ore deposit capable of producing a high-grade iron ore concentrate product for use in steel production. The Project is situated approximately 45 kilometers (km) from open-user rail, 120 km from the power grid and 200 km to existing deep water ports. The Project consists of two magnetite iron ore deposits, the Razorback and the Ironback Hill deposits. The Muster Dam Iron Ore Project is hosted by the same Braemar Iron Formation as the Razorback Iron Ore Project. The Project is located approximately 110 km to the northeast of Razorback. The Company has a total mineral resource of six billion tons of iron ore located approximately 240 km from Adelaide.