| Appointment of Chairman and cost-cutting | |
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Suite 60, Level 6 Tower Building
Chatswood Village
47-53 Neridah Street
Chatswood NSW 2067
T: + 61 2 8223 3744
F: + 61 2 8223 3799
E: [email protected]www.zamia.com.au
31 July 2015
ASX Limited
Centralised Company Announcements Office
Exchange Centre 20 Bridge Street
Sydney NSW 2000
APPOINTMENT OF CHAIRMAN AND COST-CUTTING
The Directors of Zamia Metals Limited ("Zamia") are pleased to announce the appointment of Andrew
Skinner as the Chairman of the Company as of 1 August 2015.
Andrew has been a non-executive director of Zamia since 2006 and was one of the founding directors of the Company when it listed on the ASX. He is the chairman of the Company's Audit & Risk Committee.
Andrew is a CPA accountant in public practice and has extensive experience on Australia's taxation and superannuation. He has represented the Taxation Institute and the Institute of Chartered Accountants on the National Superannuation Liaison Committee and served on many committees and forums for both industry and the government. Andrew also lectures at Macquarie University in the School of Accounting and Corporate Governance.
Andrew has served on the boards of a number of mineral exploration companies including Augur Ltd (ASX:AUK). He is currently a director of Dome Gold Mines Ltd (ASX:DME) (Dome) where he heads the Audit and Risk Committee. Andrew has been involved with Dome since establishment in 2009 and guided the company through the difficult times of the Global Financial Crisis and to a successfully listing on the ASX in 2013. He was previously on the Board of Magma Mines Ltd that merged successfully with Dome in
2014.
In view the difficult funding environment for mineral exploration companies, the Zamia Board has made the decision to implement a low-budget and low-activity strategy for the foreseeable future to conserve cash until sufficient funding can be secured to support ongoing exploration field work. As part of the cost-cutting, three employees of the Company have been made redundant. The Board and CEO will manage the Company, with no fees payable, until early 2016. The Board remains committed to ongoing exploration of the Company's tenements for their gold and copper potential.
Dr Ken Maiden
Director, Zamia Metals Limited
ZAMIA Metals Limited
683
ABN 73 120 348
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Zamia Gold Mines
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EXPLORATEUR |
CODE : ZGM.AX |
ISIN : AU000000ZGM2 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Zamia Gold Mines est une société d’exploration minière d'or basée en Australie. Son principal projet en exploration est ANTHONY en Australie. Zamia Gold Mines est cotée en Australie. Sa capitalisation boursière aujourd'hui est 4,3 millions AU$ (3,2 millions US$, 2,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 04 février 2011 à 0,18 AU$, et son plus bas niveau récent le 09 octobre 2015 à 0,00 AU$. Zamia Gold Mines possède 720 210 048 actions en circulation. |