| Fri 17 Jul 2009, 8:47 | | FSE - Firestone Announces Appointment Of New Director |
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FSE
FSE
FSE - Firestone Announces Appointment Of New Director
FIRESTONE ENERGY LIMITED
(formerly Centralian Minerals Limited)
(Registration number: ABN 058 436 794)
(SA company registration number: 200/023973/10
Share code on the JSE: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
("FSE" or "the Company")
FIRESTONE ANNOUNCES APPOINTMENT OF NEW DIRECTOR
Highlights:
Appointment of highly experienced and credentialed mining engineer, Colin
McIntyre to the Firestone Board will assist with implementation of mine
development plans.
Further to its announcement of 12 June 2009, Firestone Energy Limited
(ASX:FSE/JSE:FSE) is pleased to announce the appointment of Mr Colin McIntyre as
Non-Executive Director, effective immediately.
CEO, Mr Garth Higgo said:
"We are delighted to welcome Colin to our team. Colin is a highly experienced
and credentialed mining engineer, mining manager and company director, bringing
to the Board 35 years experience in the mining industry, including fourteen
years with Western Mining Corporation. Colin`s extensive board experience and
practical mining experience in open pit and underground mining will assist the
company as we progress toward initial mine development later this year, with
commencement of small scale mining by the end of the year, paving the way for a
large scale open pit mining operation in 2011".
About Firestone Energy
Firestone Energy Limited is a Perth based exploration and development company
listed on the Australian Stock Exchange (ASX: FSE) and the Johannesburg Stock
Exchange (JSE:FSE) that sources and develops viable mineral projects with a
particular focus at this time on coal prospects in the Waterberg Coal Field,
South Africa.
The Company has joint ventures with Sekoko Coal over six farms located in the
Waterberg coalfield in the Limpopo Province of South Africa. This coalfield is
becoming increasingly important as coal reserves in the Witbank, Highveld and
Ermelo coalfields of the Mpumalanga Province, which currently supply the
majority of Eskom`s coal power stations, become depleted over the next 20-30
years.
The recently signed agreement with Sekoko Coal over four farms which add up to
1.12 billion tonnes of coal (saleable product) to its existing holdings in the
Waterberg coal field is still subject to regulatory and shareholder approvals.
Information in this report that relates to exploration results, coal resources
or reserves on the properties Smitspan 306LQ, Hooikraal 315LQ, Minnasvlakte
258LQ and Massenberg 305LQ is based on information compiled by Ms Catherine
Telfer who is employed by Venmyn Rand (Pty) Ltd and is a member of The
Australian Institute of Mining and Metallurgy and The South African Institute of
Mining and Metallurgy. Ms Telfer has sufficient experience which is relevant to
the style of mineralisation and type of deposit under consideration and to the
activity which she is undertaking to qualify as a Competent Person as defined in
the 2004 Edition of the "Australasian Code for the Reporting of Exploration
Results, Mineral Resources and Ore Reserves". Ms Telfer consents to the
inclusion in the report of the matters based on her information in the form and
context in which it appears.
For more information please contact:
Garth Higgo
Chief Executive Officer
+61 (08) 9381-2755
www.firestoneenergy.com.au
Email: enquiries@firestoneenergy.com.au
Pretoria
17 July 2009
Sponsor
River Group
Date: 17/07/2009 08:47:40 Produced by the JSE SENS Department.
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