Sub Nigel Gold Mining Company Limited - Press Release - Management Appointments
Sub Nigel Gold Mining Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share code: SBN ISIN: ZAE000006391
(`Sub Nigel` or `the company`)
PRESS RELEASE - MANAGEMENT APPOINTMENTS
The Company is pleased to announce the appointment of Mr. Dries Rheeder and Dr.
Mervyn Steyn to the management team of Sub Nigel with immediate effect. Both
people will form an integral part of the implementation of the strategy of the
Company and will add tremendous value to the successful commissioning and
running of the Spaarwater project.
Mr. Rheeder who has 35 years of hard rock gold mining experience in South Africa
will assume the Project Manager position at Spaarwater. Dries has spent his
career on a number of gold and platinum mining operations including those of the
then Anglovaal, DRD Gold and AngloPlatinum. Dries has also managed smaller
contracting firms involved in mining, development and rehabilitation work on the
mines. His experience of starting up mining operations will be an advantage at
Spaarwater.
Dr. Steyn has more than 50 years experience in economic geology and specifically
in the fields of resource-reserve evaluation and exploration. Mervyn, who has
been assisting Sub Nigel in a consulting capacity for a short while, will be
primarily responsible for completion of all work required at the Company`s
Spaarwater and Ventersburg projects. This is in accordance with the Company`s
strategy to complete bankable feasibility studies on both its current projects.
Mervyn will be actively involved in the day-to-day activities at Spaarwater
where the company intends to commence with mining operations and will oversee
all further exploration drilling at Ventersburg. Mervyn`s career includes
senior management positions at a number of world class mining companies
including Gencor & Anglovaal. He has also been on the boards of the Octha Group
Diamond Companies and Rand London Corporation Ltd. His experience covers the
full range of metals and minerals and he has experience extending around the
world from greenfields exploration to mine geology and establishment. Mervyn is
very knowledgeable on the Witwatersrand Gold Basin and in particular the East
Rand Basin.
12 April 2005
Nigel
Sponsor
SASFIN CORPORATE FINANCE
A division of Sasfin Bank Limited
Date: 12/04/2005 10:25:02 AM
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