ASX Announcement Dated 30/06/06
RESIGNATION OF MANAGING DIRECTOR
“This press release is not for dissemination in the United States and shall not be disseminated to United States news services.”
Allied Gold Limited advises that Mr. Wayne Loxton has resigned from the office of Managing Director and as an employee of the Company, with immediate effect.
Mr. Mark Caruso the Chairman of the Company will assume the role of Managing Director until a suitable replacement can be found for Mr. Loxton.
The Board of Allied Gold Limited re-affirms its commitment to progressing the Company’s immediate objective of developing the Simberi Oxide Gold Project on the Tabar Islands, Papua New Guinea. As announced on 23 June 2006 there is currently a review of capital costs, operating costs, mine design and mining schedule in progress. This work will lead to a revision of the project financial model, which will be advised to the market as soon as it is completed.
In the interim work is continuing on preliminary infrastructure including construction camp, wharf facilities, road works and site earthworks, as well as detailed engineering of the processing plant.
Exploration activities are also continuing as planned on Simberi Island and on Tatau Island.
For enquiries in connection with this release please contact:
Mark Caruso
Chairman and Managing Director
Allied Gold Limited
+61 8 9353 3638 phone
+61 8 9353 4894 fax
info@alliedgold.com.au e-mail
IF YOU WOULD LIKE TO BE INCLUDED ON OUR E-MAIL LIST, CLICK HERE
