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ARQ
ARQ
ARQ/ARQ/ANO -Anooraq - Appointment Of New Member Of The South African Management
Team
Press Release
Anooraq Resources Corporation
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
(JSE share code: ARQ & ISIN: CA03633E1088)
(TSXV share code: ARQ & ISIN: CA03633E1088)
(AMEX share code: ANO & ISIN: CA03633E1088)
(`Anooraq` or `the company`)
PRESS RELEASE: ANOORAQ ANNOUNCES APPOINTMENT OF NEW MEMBER OF THE SOUTH AFRICAN
MANAGEMENT TEAM
Anooraq announces that Nicholas James, Pr.Eng., has joined the South African
management team as the Managing Director-Operations, effective October 1, 2007.
This appointment is in accordance with Anooraq`s stated objective to bolster its
technical team in South Africa, pursuant to implementation of its recently
announced transactions with Anglo Platinum and its transformation from an
exploration/development company into a substantial operating company.
Mr. James is a mining engineer with over 25 years of experience in the mining
industry in Southern Africa, including mines and projects in South Africa,
Zambia and Tanzania. His operational experience includes developing and managing
a range of mineral deposits, including Witwatersrand and Archean gold deposits,
massive copper and pyrite deposits and, more recently, narrow tabular platinum
ore bodies on the northeastern limb of the Bushveld Complex.
Most recently, Mr. James was the Business Leader (General Manager) of the
Modikwa Platinum Mine, operated as a 50:50 joint venture between Anglo Platinum
and African Rainbow Minerals (ARM), and located on the northeastern limb of the
Bushveld Complex. Mr. James` accomplishments at Modikwa included improvements
in safety performance and relationships between the mine management, workforce
and local communities. Prior to that he spent six years with Konkola Copper
Mines in Zambia, as the Mine Manager of the Nampundwe Mine and then the Konkola
Mine where he managed the transition of mine ownership and successfully advanced
projects to increase reserves, modernize operations and improve productivity.
Mr. James has also worked as a mining consultant and was involved in preliminary
through to feasibility level studies for mining projects in South Africa,
Tanzania and Zambia. From his graduation in 1980 to 1993, he largely worked at
gold operations in South Africa, advancing from a mine trainee in 1981 to a Mine
Overseer in 1983, and to Section Manager and Mine Manager at Anglo American`s
Freegold operations from 1986-1992.
A graduate of the University of Witwatersrand with a Bachelor of Science in
Engineering, he has post graduate diplomas in mine management, mineral
economics, industrial relations and executive development. He is also a
registered professional engineer in South Africa.
Acting President and CEO Tumelo Motsisi said: "We are very pleased that Nick
James has joined Anooraq. He has an excellent background in mine operations and
is also a skilled communicator with a genuine interest in employee and community
relations. Mr. James will play a key role as the Company acquires an interest
in the Lebowa Platinum Mine and advances the development of the Ga-Phasha and
Boikgantsho platinum group metals projects. On behalf of the board of
directors, I would like to welcome him to the management team."
Anooraq is engaged in the exploration and development of platinum group metals
(PGM) properties in the Bushveld Complex of South Africa, with a goal to become
a significant PGM producer. Its assets include a 50% interest in the Ga-Phasha,
the Boikgantsho and the Kwanda JV Projects. The Company has also recently
announced a transaction with Anglo Platinum to acquire 51% of the Lebowa
Platinum Mine, and increase its interest in the Ga-Phasha, Boikgantsho and
Kwanda Projects to 51% that, when completed, will transform Anooraq into the
world`s third largest platinum company in terms of mineral resources.
For further information on Anooraq and its PGM properties, please visit the
Company`s website www.anooraqresources.com or call investor services at 604-684-
6364 or toll free in North America at 1-800-667-2114.
On behalf of the Board of Directors
Tumelo Motsisi
Acting President and CEO
For more information on Anooraq, Investors should review the Company`s annual
Form 20-F filing with the United States Securities and Exchange Commission and
its home jurisdiction filings that are available at www.sedar.com.
Johannesburg
3 October 2007
Sponsor: BDO QuestCo
Date: 04/10/2007 08:58:01 Produced by the JSE SENS Department.
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