30th Jun 2006 10:10
Allied Gold Limited30 June 2006 FOR IMMEDIATE RELEASE 30 June 2006 ALLIED GOLD LIMITED Resignation of Managing Director Allied Gold Limited advises that Mr. Wayne Loxton has resigned from the officeof 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 ManagingDirector until a suitable replacement can be found for Mr. Loxton. The Board of Allied Gold Limited re-affirms its commitment to progressing theCompany's immediate objective of developing the Simberi Oxide Gold Project onthe Tabar Islands, Papua New Guinea. As announced on 23 June 2006 there iscurrently a review of capital costs, operating costs, mine design and miningschedule in progress. This work will lead to a revision of the project financialmodel, which will be advised to the market as soon as it is completed. In the interim work is continuing on preliminary infrastructure includingconstruction camp, wharf facilities, road works and site earthworks, as well asdetailed engineering of the processing plant. Exploration activities are also continuing as planned on Simberi Island and onTatau Island. For enquiries in connection with this release please contact: Mark CarusoChairman and Managing DirectorAllied Gold Limited+61 8 9353 3638 phone+61 8 9353 4894 [email protected] e-mail "This press release is not for dissemination in the United States and shall notbe disseminated to United States news services" This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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