22 November 2007
Minerva Resources Plc (AIM:MVA)
("Minerva Resources" or "the Company")
Board Change
Minerva Resources today announces that Merlin Marr-Johnson has
tendered his resignation as Executive Director, Development,
effective 1 January 2008, due to a change in personal circumstances.
The Board is progressing the appointment of a replacement executive
director.
The company also announces the appointment of Gary Vermaak as Chief
Financial Officer of the Company, effective 1 January 2008. Gary, 42,
has over 10 years experience in the minerals industry and has held
senior management positions in major operational companies. He holds
a B.Com and is a chartered management accountant. This is a non board
position
Terry Ward, Managing Director, said "I would like to thank Merlin for
his hard work and contribution as a Director during his appointment.
I am also delighted to welcome Gary to the Company. Gary brings a
wealth of accounting and financial experience to the Company, with
particular relevance to the mineral sector in Africa.
For further information please contact:
Terry Ward
Minerva Resources plc
Tel: +44 (0)20 76294800/(0)7989571576
Jane Stacey/Ed Portman
Conduit PR
Tel: +44 (0)20 74296606/(0)7922923306
James Joyce / David Porter
W. H. Ireland
Tel: +44 (0)20 72201666
Note to Editor
Minerva Resources plc ('Minerva Resources' or 'the Company') is a UK
based mineral exploration and development company quoted on London's
Alternative Investment Market (AIM: MVA). The Company is intent on
delivering shareholder value by increasing and developing its mineral
resources in a socially and environmentally responsible manner.
The main focus is resource development in Ethiopia where the Company
has first-mover advantage on prospective ground on the Arabian-Nubian
shield. Key projects include the gold resources at the Tulu Kapi and
Guji prospects and the Yubdo Platinum Mine, located in western
Ethiopia.
Drilling programmes are underway at the Tulu Kapi and Guji gold
projects in western Ethiopia. The two projects are 7km apart,
allowing significant sharing of logistics and infrastructure.
Tulu Kapi was mined in the 1930s by an Italian company. In the 1970s
the United Nations Development Programme (UNDP) mapped and drilled
Tulu Kapi. Tan Range carried out soil sampling and further mapping
and drilling in the 1990s. These two phases of work confirmed
mineralisation extending over a strike length of 1.5km and the
project is undergoing second phase drilling after encouraging early
Minerva Resources drill results.
The Company also has a strong presence in Central Asia, operating a
Technical Services Division undertaking contract geology and contract
drilling work from the Kyrgyz Republic. In Sierra Leone the Company
holds gold, platinum and diamond exploration licences which will for
the most part continue to be developed by existing Joint Venture
partners.
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