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ASX Announcement
ACN 139 255 771
ABN 82 139 255 771
2 February 2015
Celamin strengthens Board and
Management team
Highlights:
•
African Lion Investment Manager Tim Markwell appointed Nonexecutive Director.
Contact:
•
Phone: +61 (0)3 9692 7222
Fax: +61 (0)3 9077 9233
[email protected]
Highly experienced resource sector executive Sue-Ann Higgins
appointed Alternate Director to Russell Luxford.
•
Former Ivanhoe Australia Vice President Corporate development
Stephen Nossal appointed Business Development Executive.
Media and Investor Relations:
•
Appointments reflect Celamin’s ongoing commitment to the
successful development of the Chaketma Phosphate Project in
Tunisia.
Level 4, 100 Albert Road
South Melbourne VIC 3205
James Moses
Mandate Corporate
Phone: +61 (0) 420 991 574
[email protected]
Board of Directors:
Martin Broome, Chairman
Nic Clift, Managing Director
Russell Luxford, Non-Exec Director
Sue-Ann Higgins, Alternate Director
Tim Markwell, Non-Exec Director
Company Secretary:
Melanie Leydin
Securities on Issue:
CNL: 993,171,986 ordinary shares
CNLCA: 14,887,796 partly paid shares
About Celamin Holdings NL
Celamin Holdings NL (ASX: CNL) is an
ASX listed company focused on the
exploration and development of
resource projects in North Africa.
Celamin and its local partner Tunisian
Mining Services continues to advance
its core asset, the Chaketma
Phosphate Project in Tunisia as a
priority.
Phosphate exploration and development company Celamin Holdings
NL (ASX: CNL) (Celamin, the Company) is pleased to announce the
following appointments to its board and management team.
Mr Tim Markwell appointed Non-executive Director
The Company is pleased to advise that Mr Tim Markwell will join the
Celamin board with immediate effect.
Mr Markwell is the Investment Manager of prominent mineral
resources investment fund African Lion, and has previously sat on the
Board of Celamin. African Lion is a major shareholder in Celamin, with a
33% shareholding, and as such it is considered appropriate for him to
re-join the Board at this time.
Tim is a qualified geologist with 20 years’ experience in the resource
sector, including senior technical roles with BHP Billiton, Golder
Associates and Minara Resources. He has specific expertise in resource
assessment and was involved in feasibility studies for a number of
Australian resources projects.
Tim joined African Lion in February 2007. Prior to this he held roles as
a resources/investment analyst with a broking firm and then a listed
investment fund. He graduated with an honours degree in geology
from the University of Western Australia in 1993, and has a Graduate
Diploma in Applied Finance and Investment from FINSIA
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Sue-Ann Higgins appointed Alternate Director for Mr Russell Luxford
For personal use only
Celamin also advises that Ms Sue-Ann Higgins has been appointed an Alternate Director to NonExecutive Director Mr Russell Luxford with immediate effect.
The appointment has the approval of the Company’s other Directors. Ms Higgins will attend any
meeting of Directors Mr Luxford is unable to attend and also undertake Director duties as required
during the time Mr Luxford is not available. The appointment will continue until Mr Luxford revokes it
or until he ceases to be a Director, whichever occurs first.
Ms Higgins is an experienced company executive with more than 25 years in the mining industry. She
has a diversified skill set and global corporate experience, and has held senior legal and commercial
roles with ARCO Coal Australia Inc, WMC Resources Limited, Oxiana Limited and Citadel Resource
Group Limited. Ms Higgins has extensive experience in governance and compliance, mergers and
acquisitions, equity capital markets and mineral exploration, development and operations.
She currently holds executive roles with a number of private mining and exploration ventures and
provides consulting services to several resources companies.
Ms Higgins holds Bachelor of Arts and Bachelor of Laws degrees, is a chartered company secretary and
a graduate of the AICD International Company Directors Course.
Appointment of Mr Stephen Nossal as Business Development Executive
The Company is also pleased to announce the appointment of Mr Stephen Nossal to the newly created
position of Business Development Executive, effective from [date].
Mr Nossal has more than 20 years experience in the Australian resources and finance industries, most
recently as Senior Vice President - Corporate Development for Chinova Resources Pty Ltd (previously
known as Ivanhoe Australia). He also has significant experience in corporate finance and investment
banking, including senior roles at Macquarie Group and Goldman Sachs JBWere.
Mr Nossal brings substantial experience in capital raising, business development, external relations
and working with project development teams on the feasibility of resource projects to his role with
Celamin. He will be based in the Company’s Melbourne office and will be a key member of its senior
management team, reporting directly to managing director Nic Clift.
These appointments highlight the Company’s ongoing commitment to put in place the appropriate skill
sets to help it successfully execute its plans for the development of its core asset, the Chaketma
Phosphate Project in Tunisia.
ENDS
For further information or enquiries, please contact:
Nic Clift
Chief Executive Officer
Celamin Holdings NL.
T: +61 (0)3 9692 7222
E: [email protected]
James Moses
Media and Investor Relations
Mandate Corporate
T: +61 420 991 574
E: [email protected]
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About Celamin Holdings NL
Celamin is an ASX listed mineral resources company (ASX: CNL) focused on the exploration and
development of the Chaketma Phosphate Project in Tunisia. The project comprises six prospects over
a total area of 56km2. Celamin holds the Chaketma Phosphate Permit with its Tunisian partner
Tunisian Mining Services (TMS).
The project currently has a total JORC compliant Inferred Resource of 130Mt @ 20.5% P2O5. The
Resources inventory comprises a JORC compliant Inferred Resource of 93Mt @ 20.3% P₂O₅ at the
Gassa Kebira prospect, and a JORC compliant Inferred Resource of 37Mt @ 21% P₂O₅ at the Kef El Louz
North prospect. Only drilling at these two prospects is included in the current Resource statement
The Kef El Louz prospect is the largest of the prospects within the Chaketma project area. It is
approximately six kilometres from north to south, and covers an area of more than three square
kilometres. Mapping, trenching and drilling at the north-western corner of the Kef El Louz prospect
has confirmed that this area has the potential to meet grade, as well as metallurgical and strip ratio
criteria.
Gassaa Kebira is the northernmost prospect. It has an elongate shape and spans approximately 2.6km
north-south and 0.9km east-west, over a surface area of 2.36km2.
Celamin is focused on completing a Definitive Feasibility Study at the Chaketma Project as its next
stage in the project’s development. Ongoing exploration at the project consists of mapping, drilling
and channel sampling across all prospects – including the Gassa Kebira, Sidi Ali Ben Oum Ezzine, Kef EL
Louz and Douar Ouled Hamouda prospects.
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Chaketma Phosphate Project location.
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