Hillgrove Resources Ltd. announced changes to the Board include John Quirke retiring after over eight years on the Board, effective as at 25 November 2013. In addition, The Hon. Dean Brown, AO will retire as Chairman of the Board in the first half of next year, after a new Chairman has been selected. Dean Brown has been Chairman of the Board for the past seven years. The Board has also decided it will reduce the number of Directors by one over the next six months through the rotation process. Dean Brown also advised the Board has appointed Maurice Loomes to the Board effective as at
25 November 2013. Loomes has a Bachelor of Commerce (Econ Hons) and has over 40 years of experience in the investment industry gained across many industries including roles at Bain and Company, Industrial Equity Ltd, Westmex Ltd, Guinness Peat Group PLC and many others. He has also held numerous directorships of public companies including Tower Ltd, CIC Australia, The Colonial Motor Group Company, Tyndall Australia Ltd. and Guinness Peat Group PLC to name a few. Mr. Loomes is currently a Non-Executive Director of Ariadne Australia Ltd. (a significant shareholder of Hillgrove Resources) and Calliden Ltd. where he also serves as Chairman of the Audit Committee.
Hillgrove Resources Limited is an Australia-based mining company and also focused on copper production from the Kanmantoo Underground Copper Mine in South Australia. The Company's flagship project, The Kanmantoo Underground project, is located approximately 55km from Adelaide. The Kanmantoo Copper Mine, located in the mining jurisdiction of South Australia, has quickly ramped up to an annual copper production rate of approximately 12,000 tons and is well-capitalized with a 3.6 million tons per annum processing plant. The Company holds 100 % of a series of Exploration Licenses covering over 4,187 square kilometers in south-east South Australia alongside 311 square kilometres surrounding the Kanmantoo Mine and the northern Mount Lofty Ranges in the Cambrian-Ordovician Kanmantoo Province.
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