Perth, Dec 2, 2008 (ABN Newswire) - Uranium Exploration Australia Limited (ASX:UXA)(PINK:UXPAF) today advises that Dr. Russell Penney has joined the Board and will become Managing Director of the company from 3 December 2008.
Previous to this appointment, Dr Penney was Executive Director and Chief Executive Officer of NGM Resources Limited (ASX: NGM), a diversified mineral exploration company with a focus on uranium and base metals.
During his 4 years at NGM, Dr Penney led the team that acquired and advanced uranium and nickel exploration projects in three African nations. Dr Penney has a PhD in geology and a BA from Trinity College Dublin University and has conducted research at Oxford and Melbourne Universities.
Dr Penney has worked for a number of larger mining companies including Placer Dome (now part of Barrick Gold), Pasminco (later becoming Zinifex), BP Minerals and CSIRO Exploration and Mining.
Dr Penney replaces Patrick Mutz as Managing Director of UXA. Mr Mutz will be available on a consulting basis for a limited time to assist the new Managing Director in the smooth transition and in bedding down the acquisition of PFN logging company Geoscience Associates Australia Pty Limited following unanimous approval of this transaction by Shareholders at the Annual General Meeting.
UXA Resources Limited (ASX:UXA) is a publicly listed active base metal and uranium explorer in Australia and owner of the independently managed borehole wireline logging company, Geoscience Associates Australia Pty Ltd (GAA), provider of the unique Prompt Fission Neutron (PFN) device, a sophisticated tool for directly measuring uranium in boreholes.
Contact
Neill Arthur Chairman URANIUM EXPLORATION AUSTRALIA LIMITED Tel: +61-428-222-094 Tel: +61-8-8363-7970 Email: info@uxa.com.au Website: www.uxa.com.au
UXA Resources Limited
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