Perth, Australia — MININGREVIEW.COM — 26 August 2008 – Bannerman Resources Limited – a uranium exploration and mine development company focused on projects in Namibia – has announced that Clive Jones is to act as interim managing director of the company.
The board of the company – which is listed on the Toronto, Australian and Namibian stock exchanges – revealed here today that current managing director Peter Batten would be leaving with immediate effect, and that Jones – one of the company’s founders and a long-serving board member – had agreed to act as interim managing director until a replacement for Batten could be found.
It said a search committee had been formed to immediately undertake the process of selecting a new managing director, who would be responsible for leading the company through its exciting transition from explorer to world class uranium producer.
The board pointed out that Batten had played a pivotal role in building Bannerman’s impressive asset base. He had been the leader of an international team that had taken a fledgling asset and had built it into a resource that underpinned a bankable feasibility study and had provided the company with an opportunity to transition into a major uranium producer.
“We are working diligently to rapidly build the right team with recent board and senior management changes leading the way,” the board announcement concluded. “Shareholders can expect key appointments over the coming quarters as we further strengthen the depth and breadth of the board and management team.”