South Boulder Mines Limited (ASX:STB) Appoints Flavio Garofalo as Chief Financial Officer
Perth, Jan 4, 2012 AEST (ABN Newswire) - South Boulder Mines Ltd (
ASX:STB) is very pleased to announce the appointment of Mr Flavio Garofalo in the new role of Chief Financial Officer, effective from February 2012.
Mr Garofalo is an experienced finance and corporate executive who has over 20 years experience in the mining industry and was previously Chief Financial Officer and Finance Director for Kagara Ltd (ASX:KZL).
South Boulder's CEO & Managing Director, Mr Lorry Hughes commenting on the appointment said.
"The appointment of Mr Garofalo reflects the growth of South Boulder as it continues the transition into a significant potash producer from the Colluli Potash Project.
Mr Garofalo has successfully undertaken the transition of a number of listed companies from developer to producer and has strong financial links and experience from within the Asia region.
In addition Mr Garofalo will make significant strategic contributions to South Boulder's development of the Duketon nickel and gold projects and the planned in-specie distribution of the assets to shareholders. I am very excited about the appointment of such a high calibre professional and his experience further bolsters our management team.
I look forward to his contribution to the strategic growth of South Boulder in the very near term."
About South Boulder Mines Limited
CMSC owns exploration tenements spanning over 400km2 within the Danakil Depression in South East Eritrea.
Since 2010, 97 holes have been drilled identifying a resource containing more than one billion tonnes of potassium bearing salts suitable for the production of potash fertilisers.
South Boulder Mines Ltd is currently working on the Feasibility Study to support the development of the project.
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