17th Apr 2009 15:46
17 April 2009
CHURCHILL MINING PLC
("Churchill" or "the Company")
DIRECTOR RESIGNATION
Churchill Mining Plc (AIM: CHL) today announces that Mr James Hamilton has stepped down from his position as a Non-Executive Director on the Company's Board.
Mr Hamilton has resigned from the Churchill Board to focus on his role as Executive Chairman of ASX-listed manganese and coal explorer, Spitfire Resources Limited (ASX: SPI).
Mr Hamilton, who co-founded Churchill Mining in 2005 has played a key role in assisting with the Company's listing on AIM and steering the Company's growth through his service in a variety roles - both executive and non-executive.
The Non-executive Chairman of Churchill Mining, David Quinlivan, commented:
"James has been a driving force behind the growth and development of Churchill right from its earliest, most formative stages and, on behalf of the Board, I would like to thank him for his considerable contribution. With Churchill now firmly established on a long-term growth path, James will be focusing his energies on Spitfire Resources - something we are most supportive of given Churchill is Spitfire's biggest shareholder."
ENDS
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Churchill Mining Plc Managing Director - Paul G. Mazak +62 81510539186 / + 62 21 39832398 |
Blue Oar Securities Shane Gallwey +44(0)20 7448 4400 Olly Cairns +61 (0)8 6430 1631 |
Pelham PR Candice Sgroi +44 (0) 20 7743 6376 |
Notes to editors
Churchill Mining Plc listed on AIM in April 2005.
East Kutai Coal Project
In May 2007 Churchill announced a sales agreement had been entered into to purchase a 75% interest in the East Kutai Coal Project from PT Techno Coal Utama.
Churchill has now extended the size of the project by 200 square kilometres by acquiring a 75% interest in the abutting tenements to the west of EKCP from the Investmine Group of Indonesia. Resource drilling continues along with detailed scoping and pre-feasibility work.
In 2008 the Company released an updated JORC Resource Statement defining 1.4 billion tonnes of thermal coal reserves and resources.
END.
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