Image Resources NL announced that Mr. Peter Thomas has stepped aside as Chairman in favour of recently appointed non-executive Director, Mr. Jon O'Callaghan. Mr. Peter Davies has been moved from Managing Director to Project Manager. Mr. Davies has been retained as Project Manager for at least six months.

Both Mr. Thomas and Mr. Davies remain as Directors. Mr. O'Callaghan, in addition to having assumed the role of Chairman, will act as interim Managing Director.