Sydney, Australia, Jan 18, 2013 - (ABN Newswire) - As part of a move consistent with taking Western Mining Limited (ASX:WMN.AX - News) to the next level, the Company is pleased to announce that Paulus Irawan has moved from Non-Executive Director to Executive Director of the Company effective immediately.
Mr Irawan will replace Colin Locke who has held the position of Executive Director since 22 December 2011. Mr Locke will continue serving shareholders in the role of Non-Executive Director. Mr Locke wishes to thank investors for their support in his previous role as Executive Director and he is looking forward to continuing with the board in adding further value to shareholders Mr Irawan has extensive and successful experience in mining, shipping and banking. The board is confident that Mr Irawan will better serve shareholders by joining Mr Clower as Executive Director.
Mr Irawan will receive an annual salary of $90,000 plus superannuation for his appointment as Executive Director.
About Western Mining Limited:
WMN currently hold the rights to two promising manganese exploration tenements near Atembua in West Timor, an area regarded as an emerging manganese province. The two tenements cover an area of 4258ha. Both tenements are within 30km of Atapupu harbour.
Manganese mining in West Timor is an embryonic business with mining currently conducted along very primitive lines. There has been no systematic exploration carried out over any of the known manganese deposits. WMN plans to be the first company to utilise best practice exploration techniques to explore manganese deposits of West Timor. The Company's objective is to be the first company to delineate a JORC Code compliant Resource in West Timor.
WMN is well positioned to secure additional tenements on West Timor. During the next six months WMN will identify other tenements with above average potential. Agreements will be signed with all owners with whom WMN manage to negotiate favourable terms. WMN's objective is to acquire three more tenements during the next six months.
Three of the company's directors are based in Jakarta. Due to our Indonesian presence, members of the board are regularly introduced to iron ore, coal, base metals and gold projects. WMN is also aggressively pursuing all projects that have economic potential, particularly iron ore projects.
Western Mining Limited T: +61-8-9421-7777 WWW: www.westernmanganese.com
Western Mining Limited
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