Appointment and Resignation of Non-Executive Directors
Mr McIlwain has extensive knowledge and experience in the minerals industry and has led teams that have developed new mines both domestically and internationally. Mr McIlwain has senior level board experience including management, governance, corporate development and management, strategic planning, asset acquisitions, corporate finance, project development and stakeholder relations. Mr McIlwain has served on the board of various ASX, AIM and TSXV listed companies and currently serves as Non-executive Chairman of Emmerson Resources Limited (ASX:ERM). Mr McIlwain will receive a total cash remuneration of $60,000 pa.
The Company announces the resignation of its Non-Executive Director, Bruce E. Foy effective as of 30 June 2018.
Mr Foy was appointed as a Director during March 2008 and has served on the Board for more than 10 years. He has provided considerable support over the past 10 years through the Company's development into an active, multi-commodity focused exploration and development company. The Board, management and staff of Investigator Resources wish Bruce well for the future and also express their gratitude for his valuable contributions and service.
About Investigator Resources Ltd
The Company's priority is progressing the development pathway for the Paris silver project with the preparation of a pre-feasibility study. The Paris Mineral Resource Estimate is 9.3Mt @ 139g/t silver and 0.6% lead, comprising 42Moz of contained silver and 55kt of contained lead, at a 50g/t silver cut-off. The resource has been categorised with an Indicated Resource estimate of 4.3Mt @ 163g/t silver and 0.6% lead for 23Moz contained silver and 26kt contained lead, and an Inferred Resource: 5.0Mt @ 119g/t silver and 0.6% lead for 19Moz contained silver and 29kt contained lead.
The Company has applied an innovative strategy that has developed multiple ideas and targets giving Investigator first-mover status. These include: the Paris silver discovery; recognition of other epithermal fields and the associated potential for porphyry copper-gold of Olympic Dam age; extending the ideas developed at Paris-Nankivel and using breakthrough government Magneto-Telluric surveying to rejuvenate targeting with the Maslins IOCG target as the next priority drill target.
Investigator Resources Ltd
Emmerson Resources Limited