Galaxy Resources Limited (ASX:GXY) Appoints Michael Spratt As Independent Non Executive Director
Perth, Feb 11, 2011 AEST (ABN Newswire) - Emerging lithium producer, Galaxy Resources Ltd (
ASX:GXY) (PINK:GALXF) ("Galaxy"), is pleased to announce the appointment of Michael Spratt as independent Non-Executive Director to the Galaxy board.
Mr Spratt's appointment satisfies the requirement of Galaxy to have three independent directors on its board ahead of its listing on the Stock Exchange of Hong Kong (SEHK) late in Q1, 2011.
Mr Spratt has 48 years of experience in the base metals, mining, processing, smelting and construction sectors. He was previously the Managing Director of Thailand's Thaisarco Limited, which is one of the world's largest tin smelters and is currently the Chairman of Kasbah Resources Limited (ASX:KAS). Other past positions include Chief Operating Officer of Minproc Limited and Executive Vice President and Operations Director of Kaiser Engineers Pty Ltd.
Mr Spratt is a qualified metallurgist with extensive experience managing a range of operations in a variety of environments and geographies including Australia, Asia, and Africa.
Welcoming the appointment, Galaxy Resources Chairman Craig Readhead said: "Mr Spratt's wealth of experience will significantly strengthen the Galaxy Board. His expert knowledge of upstream and downstream mining processes will help guide Galaxy through its exciting new growth phase and help to deliver shareholder value."
About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.
Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.
Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.
| ||
|
