/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
/
ASX Code: MBN
TSX Code: MNB
PERTH
,
Australia
,
Dec. 4
/CNW/ - Mirabela Nickel Limited (ASX: MBN, TSX:MNB) is pleased to announce that Mr
Craig Burton
has been unanimously elected as the new Chairman following the decision by Mr
Bill Clough
to step down. The change takes place as of today. Mr Clough will continue to serve on the Board as a non-executive director.
In announcing the change Mr Clough said "I am delighted to be able to hand over the Chairmanship to Craig at this stage of the Company's evolution. He has provided tremendous input to the development and financing of the
Santa Rita
nickel sulphide project and his skills and experience will be invaluable in providing the strategic leadership required for the Company's future success as a nickel producer."
This change follows the recent appointments to Mirabela's Board of Mr
Ian Purdy
as CEO/Managing Director and Colin Steyn as a non-executive director.
For and on behalf of the Board
Ian Purdy
Chief Executive Officer
Background
Mirabela Nickel Ltd owns 100% of the world class
Santa Rita
nickel sulphide project and is listed on the Australian and
Toronto
stock exchanges. With a JORC/NI 43.101 proven and probable open cut reserve of
121Mt
grading 0.60% Ni for 726,000t of contained Ni,
Santa Rita
is the largest nickel sulphide discovery worldwide in over a decade.
Construction of
Santa Rita
is now complete and commissioning is underway. The operation is expected to ramp-up to a capacity of 6.4Mtpa of ore producing 26,000tpa of nickel in concentrate. Current reserves support a mine life of at least 19 years.
For further information: For further information: Contact details - Australia contact: David Griffiths, Director, Gryphon Management Australia, Telephone: +61 8 9 382 8300, [email protected]; UK and Europe contact: Alex Buck, Buckbias, Telephone: +44 7932 740 452, [email protected]
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