Territory Resources replaces chairman

June 25, 2008

June 25th (The Age) – Iron ore miner Territory Resources has appointed Andrew Simpson as chairman after his predecessor, Michael Kiernan, resigned to reduce his workload and focus on Monarch Gold, of which he is also chairman.

Andrew Simpson has been deputy chairman since May and has over 30 years experience in international marketing and distribution of minerals, the Perth-based company said in a statement.

Territory also appointed Richard Elman, who founded and leads supply chain manager Noble Group, as a non-executive director.

Mr Elman has nominated Noble Group vice chairman Harry Banga as his alternate on the board.

Noble Group owns 70 per cent of Crawley Resources Ltd, which holds a 27 per cent shareholding in Territory Resources.



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