Republic Gold Limited (ASX:RAU)
Brisbane, May 1, 2009 AEST (ABN Newswire) - Republic Gold Limited (ASX:RAU) has appointed Mr Paul Pyke as its Project Development Manager. This is a new role with Mr Pyke's prime responsibility being to lead the completion of the two Bankable Feasibility Studies and get the FNQ and Amayapampa Gold Projects into production.
Mr Pyke is a metallurgist with over 30 years of operational experience, having worked alongside the Company's two technical directors and Chairman at the Fosterville Gold Project in Central Victoria for many years. Mr Pyke will work with the Company's Technical Director, Mr Neb Zurkic, in pushing the two Bankable Feasibility Studies to finalisation. Mr Pyke has extensive gold processing experience involving heap leaching, bacterial oxidation, gravity, CIP/CIL and treatment plant design, construction and commissioning. This skill set is perfect for the Company's two projects, with the FNQ Project requiring skills in heap leaching, CIP/CIL and bacterial oxidation and the Amayapampa Project requiring skills in gravity recovery of gold and CIP/CIL. Obviously both projects will need Mr Pyke's treatment plant design, construction and commissioning skills. Also, Mr Pyke's recent PNG experience in the training and transfer of technical skills to indigenous personnel fits well with the location and status of the Company's current projects. Mr Pyke brings to ten the number of senior staff, directors or consultants of the Company that formed the core of the successful Perseverance team in Victoria.
Issue of Directors' Options
Following the 2008 Annual General Meeting the Company issued directors options to Mr Neb Zurkic and Dato BK Choo early in the Quarter. Each director was issued with 8,000,000 options exercisable at 6.25 cents on or before 28 October 2011.
Cash Assets
Cash on hand at the end of the March Quarter was approximately A$2,378,000.
For the complete Republic Gold Quarterly Report, please see the link below;
http://www.abnnewswire.net/media/en/docs/60582-ASX-RAU-317379.pdf
Contact
John Kelly
Managing Director
Republic Gold Limited
Tel: +61-418-577-759
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