7 January 2008
APPOINTS GENERAL MANAGER OPERATIONS
Bruce McFadzean, Managing Director
of Perth-based Catalpa Resources (ASX:CAH), yesterday announced the appointment
of Mr Stuart Pether as the Company's General Manager Operations with effect
from 12 January 2009.
Mr Pether is an experienced Mining
Engineer and holds a BEng (Mining) with an impressive resume with over 20 years
hands-on and technical experience in the resources sector.
Mr Pether has worked in various
operational, managerial, technical and corporate roles in Australia
in his career covering several commodities predominately in gold, nickel and
zinc. Stuart is equally skilled in both open pit and underground mining
Mr McFadzean commented as follows:
Stuart joins us at an exciting time
in our company's growth cycle. We are on the cusp of a new phase of development
utilising our Edna May Gold Project as a launching pad for growth.
Stuart's experience and proven track
record in operations management, technical support, resource evaluation,
contracts and project development is an important skill set to benefit Catalpa
in our journey towards becoming a mid-tier producer. We see Stuart making a
significant contribution to further enhancement of the Edna May Gold Project
through technical review, contract negotiations, project implementation, system
development and management of the project over the coming months.
Catalpa's Board and management team
are continuing our focus on moving the Edna May Gold Project towards production
and Stuart's appointment is further indication of our commitment towards
achieving this goal.
We are very pleased to have
attracted someone with Stuart's experience and skill set to Catalpa Resources
and we are delighted that Stuart shares our confidence in Catalpa's assets and
the future of the Company.
Warrick Hazeldine / Annette Ellis
Media and Investor Relations
Tel: (08) 9485 1254
Catalpa Resources Limited (ASX: CAH) aims to become Australia's
next mid tier producer by developing its open pit assets, located on its
extensive and wholly-owned mining tenements in Western
is on the cusp of a new phase of development towards production at its Edna May
Gold Project, conveniently positioned a few kilometres from the infrastructure
of Westonia, an established town with a long mining history. The project is
just three hours or 300km by road from Perth;
half way between Perth and Kalgoorlie
and ideally situated to be serviced by both centres.
there have been three previous successful mining programs which have occurred
both above and below the planned open pit at Edna May, which significantly
reduces the risk of Catalpa's project.
has an experienced and innovative Board and management team that is
committed to realising a timely production and cash flow profile from the
development of the Edna May open pit resources.
is the company's immediate strategy; and an update to the Company's 2006 Edna
May Gold Project Feasibility Study is presently being reviewed by the Board. In
preparation for planned production at Edna May, the Company relocated its
2.8mtpa Big Bell mill to site in 2007. The mill is being maintained
'ready for construction' adjacent to the proposed plant construction site.
is pursuing parallel growth with a renewed exploration programme underway on
it's 880km? of under-explored Westonia Greenstone Belt, and is reviewing other
regional opportunities for acquisition and/or joint venture. In particular,
Catalpa seeks to identify and develop new projects and/or acquisitions on its
extensive land holding or within the region, which is prospective for gold,
nickel and base metals.
has a sound Resource base at Edna May with significant upside to grow Resources
and Reserves and move towards production. With a buoyant outlook for the gold
price, the Company's Board believes that Catalpa Resources presents a sound
investment opportunity with significant upside potential.
Resources has adopted best practice standards across all its operating
activities, including its social, health and safety, environmental management
and corporate governance functions.
Level 3, 28 Kings Park Road, WEST
Ph: 08 9485 1254 Fax: 08 6263 0455