EANS-News: Tantalus Rare Earths AG
Board appointments
15.07.2011 – 15:48
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Board of Directors (Appointments and Changes)/Board appointments Düsseldorf (euro adhoc) - Tantalus Rare Earths AG Board appointments (Tantalus Rare Earths AG, Düsseldorf, 15th July 2011) The Directors of Tantalus Rare Earths AG ("TRE"), the German exploration company exploring a primary bedrock rare earth mineralisation and a very extensive, secondary rare earth mineralisation at surface in north-western Madagascar, are pleased to announce the appointment of the following individuals to its Management Board: Lee Goldsmith, Executive Director After graduating in law (LLB Law), he worked from 1981 to 1984 as an assistant solicitor at Norton Rose. He then held an in-house legal position at Ladbroke Group Plc/Hilton Hotels, before becoming a partner in the Simpkins Partnership, and from 1996 to 2001 he was a partner of Goldsmiths Solicitors. He is currently working as a consultant for Blake Lapthorn. He is also a Solicitor of the Supreme Court in England and Wales and formerly the Chairman of the supervisory board of TRE to 30 June 2011. Paul Loudon, Executive Director Paul Loudon is a mining analyst with more than 25 years' experience in stockbroking, corporate finance and the management of junior mining and exploration companies. He has been President of Battlefields Minerals Corporation of Toronto and President and Chief Operating Officer of BDI Mining Corp. Paul has also been Head of Equities at Loeb Aron & Company Limited, a London-based corporate finance house specialising in the mining sector, where he was responsible for raising considerable sums of equity capital for resource companies listed in the UK, Canada and Australia. Mr Loudon is currently Managing Director and Chief Executive Officer of DiamondCorp Plc, an AIM listed emerging diamond producer with operations in South Africa and Botswana and Non-Executive Chairman of URU Minerals Limited. Philip Gray, Executive Director Philip Gray has a Masters Degree from Lancaster University Business School and a Diploma in Management Studies from the University of Westminster. He is a Member of the Society of Trust & Estate Practitioners as well as a number of other professional bodies. Philip is a Fellow of the Institute of Directors and has a wealth of international boardroom experience, having been a director of various operating entities listed on the UK, Zurich and Johannesburg stock exchanges and Chairman of companies listed on the Mumbai, Australia and Botswana stock exchanges. He has over 30 years international experience in investment banking focussing on investment management and stockbroking, having been Managing Director of GT Management Asia, Executive Chairman of HSBC James Capel Asia Limited and Chairman of Imara Holdings, a listed Pan African financial services group. He has also been Chairman of several professional bodies such as the Hong Kong Unit Trust Association, the Hong Kong Society of Investment Analysts and the Society of Technical Analysts. Philip was a member of the Unit Trust Committee and Takeover Panel of the Hong Kong Securities and Futures Commission ("SFC") and was a Hong Kong Government Appointee to the SFC's Advisory Committee. He is also Chairman of Hydrotech International, an ASX listed industrial company, as well as several hedge funds and he also runs a family office. Commenting on the recent appointments to TRE's Management Board, Ivan Murphy, Executive Director of TRE said: "We are delighted to welcome Paul Loudon, Philip Gray and Lee Goldsmith to our Management Board. Their respective experience and skillset further strengthens and compliments that of our existingManagement and Supervisory Boards and will be valuable during TRE's next phase of development." Notes to Editors TRE is a German incorporated holding company whose subsidiaries are engaged in the exploration and development of rare earths. TRE's shares are quoted on the Open Market of the Frankfurt Stock Exchange. TRE's principal asset is an exploration project located in north-western Madagascar and comprises rare earth-tantalum-niobium-zirconium-hafnium enriched dykes and sills and Rare Earth Element ("REE") bearing argillaceous laterites derived from the weathering of underlying alkaline intrusives. There are early indications that most of the alkaline intrusive bodies within the concession are overlain by REE bearing argillaceous laterites. TRE is therefore considering the whole area underlain by alkaline intrusives (150 to 170 sq km) as prospective for secondary REE mineralisation in the weathering crust. The exploration programme aims to define the primary (vein/skarn hosted) and secondary (argillaceous laterites) mineralisation present on the concession towards a NI 43-101 compliant mineral resource estimate and support a detailed feasibility study towards mine development and production. Tantalus Rare Earths AG Berliner Allee 12 40212 Düsseldorf Deutschland Telephone: + 49 (0) 211 52391 430 Fax: + 49 (0) 211 52391 200 e-Mail: contact@tre-ag.com Internet: http://www.tre-ag.com/ Further inquiry note: For further information contact: Ivan Murphy, Executive Director Tel: +44 (0) 20 3214 9930 Ana Ribeiro Blythe Weigh Communications Tel: +44 (0) 207 138 3206 or +44 (0) 7980 321 505 end of announcement euro adhoc -------------------------------------------------------------------------------- company: Tantalus Rare Earths AG Berliner Allee 12 D-40212 Düsseldorf phone: +49 (0)211 52391 430 FAX: +49 (0)211 52391 200 mail: contact [at] tre-ag.com WWW: http://www.tre-ag.com sector: Holding companies ISIN: DE000A0SMSL4, DE000A1KRQE7 indexes: stockmarkets: free trade/entry standard: Frankfurt language: English