Metallica Minerals Limited announced the appointment of experienced Queensland based mining executive, Mr. Simon Slesarewich, as the company's new Chief Executive Officer (CEO), effective from 13 July 2015. The appointment coincides with the planned succession and retirement, from the Managing Director role, of founding Metallica Managing Director, Mr. Andrew Gillies, who will continue to provide his expertise as a non-Executive Director. Mr. Slesarewich, a Mining Engineer and registered Senior Site Executive in Queensland, has more than 18 years' experience across Queensland's resources commodities sector, including a strong background in operational and executive roles within both mining and contracting entities. As CEO, Mr. Slesarewich will assume responsibility for the management of the Company under the guidance of the Metallica Board and will manage and drive the Company's transition into a successful producer. Mr. Slesarewich employment agreement contains provisions which are typical for a CEO contract of this nature for a junior resource company – for a summary of the material terms see below - Terms of Employment of CEO. Metallica's newly appointed Chairman, Mr. Barry Casson, paid particular tribute noting the departure of Andrew Gillies as the Company's long standing Managing Director. Mr. Slesarewich has been appointed Chief Executive Officer from 13 July 2015 for a term of 2
years.