Metallica Minerals Limited (ASX:MLM)
Brisbane, May 12, 2009 AEST (ABN Newswire) - Metallica Minerals Limited (ASX:MLM) advises that Mr Mark Ashley has today resigned as a Director of the Company. Mr Wu Shu has joined the Board as a nominee of the Jilin Nickel/Jien Mining Pty Ltd which now holds 19.95% of Metallica (refer to ASX release dated 11 May 2009).
Mr Ashley's resignation follows the sale of Kagara Limited's (ASX:KZL) shareholding in Metallica.
Mr Ashley was Kagara's nominee on the Metallica Board.
The Directors of Metallica sincerely thank Mark for his contribution to the Company since his appointment late in 2006. The Board also thanks Kagara for its support of Metallica since December 2005 when Kagara first took a placement of shares in Metallica.
Mr Wu Shu is a Director of Jilin Jien Nickel Industry Co. Ltd (SHA:600432), and a Director & Managing Director of Jilin HOROC Nonferrous Metal Group Co. Ltd. Mr Wu was previously a Director, Company Secretary, Deputy Managing Director and CFO of Jilin Jien Nickel Industry Co. Ltd, and a Director of Jilin Nickel Industry Group (renamed in Jan 2006 as Jilin HOROC Nonferrous Metal Group Co. Ltd).
Mr Wu was instrumental in Jilin Nickel's successful IPO in Shanghai stock market in 2003. His extensive experience in management and finance has enhanced Jilin Nickel's overseas strategic investment and expansion significantly.
Contact
Mr Andrew Gillies
Managing Director
Metallica Minerals
Tel: +61-7-3891-9611
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