| Mon 1 Mar 2010, 16:39 | | EXT - Extract Resources Appoints Jonathan Leslie as CEO |
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EXT - Extract Resources Appoints Jonathan Leslie as CEO
Extract Resources Limited
Registration No. ABN 61 057 337 952
Registered as an external company in Namibia
ISIN Code: AU000000EXT7
NSX Share Code: EXT
EXTRACT RESOURCES APPOINTS JONATHAN LESLIE AS CEO
Extract Resources Ltd (ASX/TSX/NSX: EXT), a uranium exploration and
development company with projects in Namibia, today announces the appointment
of Mr Jonathan Leslie as the Group`s Chief Executive Officer (CEO) with
immediate effect. Mr Leslie will join the Board of Extract in due course.
Mr Leslie is a highly experienced mining executive, with extensive
operational and management knowledge of the global mining industry which
includes experience in uranium marketing and project management.
He was on the Board of Rio Tinto PLC for 9 years, and CEO of two of Rio
Tinto`s major product groups. He has broad experience of uranium marketing
having spent four years responsible for Rio Tinto`s worldwide uranium sales
into the Far East and Asia. His involvement in uranium continued with his
appointment as Managing Director of Rossing Uranium where he developed close
relationships with the Namibian government and related agencies.
More recently, Mr Leslie served as Executive Chairman for the major AIM-
listed mining company, Nikanor plc, formed to develop the world class KOV
copper/cobalt project in the Democratic Republic of Congo. Prior to his role
with Nikanor, Mr Leslie was CEO of Sappi Ltd, from 2003 to 2006.
Extract`s Chairman, Mr Stephen Galloway, said Mr Leslie had emerged as the
outstanding candidate for the role following an extensive international
search.
Mr Galloway said, "I am delighted to announce Jonathan`s appointment as
Extract`s CEO, during this crucial stage in the company`s evolution from mid-
cap explorer to a tier-one uranium asset developer. Jonathan brings a wealth
of knowledge and global leadership. The networks developed by Jonathan in
banking and finance, and thorough understanding of uranium mining, markets
and customers, will add tremendous value to Extract as the company moves
towards full production of the Rossing South deposit."
Mr Leslie said, "The prospect of leading one of the most globally significant
uranium projects is what attracted me to this role. I look forward to leading
Extract as it realises its potential as one of the largest global uranium
producers and a major player in the resources sector."
A summary of the key terms and conditions of Mr Leslie`s employment are set
out in the attached Schedule 1 per company website
(http://www.extractresources.com).
On behalf of the Board of Directors,
Steve Galloway
Chairman
Windhoek, 1 March 2010
Registered Office
Swakop Uranium (Pty) Ltd
3 Schutzen Street
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
100 Robert Mugabe Avenue
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 01/03/2010 16:39:04 Produced by the JSE SENS Department.
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