Peninsula Mines Limited announced that current Managing Director, Jon Dugdale, and non-executive Director, Martin Pyle, will retire effective immediately. Mr. Dugdale is pursuing other mining industry interests. The Board has appointed Mr. Richard Henning as Managing Director; the previous experience of Mr. Henning includes that of business manager at Extract Resources and subsequently in Korea through his position as Managing Director and Chairman of Stonehenge Metals.

He will be joined on the Board by Mr. Young Yu, who is the current Chairman of the Australia Korea Business Council of Western Australia and the National Leader of the Korean Services Group at Deloitte Australia. Between 2004 and 2012, Mr. Yu represented both state and federal Australian governments in Korea as Commissioner of the WA Government and Trade Commissioner of the Commonwealth of Australia.