26 October 2012
ASX ANNOUNCEMENTMining at Zeta Pit Discovery Metals Limited
ASX/BSE: DML
MARKET CAPITALISATION Shares on Issue 484m Share Price A$1.73
Market Cap A$839m
Cash (19 Oct) US$83m
Debt (19 Oct) US$205m
ABN 29 104 924 423
New Chief Financial Officer Appointed
Discovery Metals is pleased to announce the appointment of
its new Chief Financial Officer, Paul Frederiks. In addition,
Mr Frederiks has been appointed as the alternative Company
Secretary of Discovery Metals.
Mr Frederiks replaces Paul Fulton, who earlier this year
notified the Company of his intention to retire from full
time employment.
Discovery Metals' Managing Director, Brad Sampson, is
delighted that Mr Frederiks has accepted the role and is
looking forward to working with him to drive the Company
forward through the next exciting phase of the Company's
development.
Mr Frederiks has extensive experience in public company
financial and commercial management with more than 29 years'
experience in the Australian resources sector. He has an
extensive knowledge base in listed public company reporting
and compliance, financial modelling and forecasting, treasury
management, project financing and corporate governance. Mr
Frederiks has previously held Chief Financial Officer
positions at Geodynamics Limited and Ross Mining NL and has
been Company Secretary for Billabong International
Limited.
Mr Fulton, as outgoing Chief Financial Officer and
alternative Company Secretary, will work through an extensive
handover process to ensure a smooth transition to Mr
Frederiks.
We also take this opportunity to thank Mr Fulton for his
contribution to the
Company over the last 4½ years and wish him a long and
enjoyable retirement.
Page 1 of 2
Zeta Pit
Discovery Metals BackgroundDiscovery Metals is an ASX/BSE listed copper exploration and production company focused on the emerging Kalahari Copperbelt in north-west Botswana. The Company is a copper producer at its 100% owned Boseto Copper Project.
The Kalahari Copperbelt sediment-hosted mineralisation of the Boseto copper project is similar in style to the well-known and large deposits of the Central African Copperbelt of Zambia and the Democratic Republic of the Congo.
Discovery Metals has prospecting licences covering 11,872 km2 along the Kalahari
Copperbelt.
Further information on the Company including Mineral Resources and Ore Reserves is available on our website: www.discoverymetals.com
For further information on this release and Discovery Metals Limited, please contact: Brad Sampson Managing Director Ph: +61 7 3218 0222 brad@discoverymetals.com
UK PR - Tavistock PR, Contact Jos Simson/Emily Fenton
Ph +44 207 920 3150 or +44 778 855 4035
Caterpillar dump truck and dozer
Crushed ore bin and flotation circuit
Bulka bags of bagged concentrate
Page 2 of 2
distributed by |