– AUSTRALIA, Perth – Ferrum Crescent Ltd (ASX, AIM and JSE: FCR), the European lead-zinc explorer, is pleased to announce that Mr Colin Bird has been appointed to the Board of the Company, as a Non-Executive Director and Chairman, with immediate effect. Mr Grant Button, interim Non-Executive Chairman, will resume his former role as Non-Executive Director.
The appointment of Mr Bird continues the process of strengthening the FCR Board as the Company progresses its wholly owned Toral lead-zinc and associated metals project in the Province of Léon, Spain. As Non-Executive Chairman and a supportive shareholder of FCR,
Mr Bird brings a wealth of experience of successfully developing natural resource companies through value realisation from both transactions and production. The Board welcomes his valuable input and guidance as it seeks to cost effectively advance its European asset portfolio.
Mr Bird is a chartered mining engineer with extensive multi-commodity mine management experience in Africa, Europe, Latin America and the Middle East. Mr Bird’s operational and corporate experience, includes the development of the Jubilee Metals Group production portfolio, concentrating on Platinum Group Metals in South Africa, in addition to the successful sale of Kiwara plc. Kiwara plc was sold to First Quantum Minerals (TSX: FM) for US$260 million in November 2009, whilst its project was undertaking infill drilling at the Kalumbila copper-nickel deposit in north-western Zambia.
Commenting today, Mr Laurence Read, Executive Director, said: “The appointment of Colin to the FCR Board brings a wealth of operational and transactional experience to the Company as we look to progress our 100% owned Toral lead-zinc and associated metals project in Spain. Our objective is to realise shareholder value from targeted exploration activities on our promising portfolio assets and we look forward to Colin’s assistance and guidance in this regard. We look forward to announcing a maiden JORC (2012) resource estimate for Toral in the near term.”
Colin Bird, Chairman, went onto say; “I am pleased to be joining Ferrum Crescent which is a highly focused company with a developing European lead zinc portfolio. The management team has a highly motivated approach to the Spanish lead Zinc Toral project, which is a project with strong underlying fundamentals and numerous upside potential. Additionally I perceive a European renaissance in base metal mining and the team is well equipped to search out, acquire and develop European base metal opportunities.”
For more information : http://www.ferrumcrescent.com
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