Sydney, Oct 17, 2008 AEST (ABN Newswire) - The Board of Uranium Exploration Australia Limited (ASX:UXA)(PINK:UXPAF) at its meeting on 14 October 2008 has selected a highly experienced candidate as its new Managing Director and on conclusion of current contract negotiations an announcement with the details of this candidate and starting date will be made.
UXA's current Managing Director, Mr Patrick Mutz will be stepping down from his executive role when the new Managing Director commences his duties.
"On behalf of the Board of UXA, I want to sincerely thank Patrick for his contribution in advancing UXA.
Under his leadership, the Company has advanced the evaluation by UXA's team of one of the largest and most prospective ground positions within the Olympic Dam/ Stuart Shelf region, identified encouraging uranium mineralisation in the Northern Territory, initiated and completed the joint venture with India's largest private sector conglomerate, Reliance Industries Limited, initiated and managed the proposed acquisition by UXA of Geosciences Associates Australia (GAA), expanded our national exploration portfolio, and marshalled a strong cash position to fund future exploration activities," UXA's Chairman Mr Neill Arthur stated.
Company Secretary
Mr David Godfrey, currently Joint Company Secretary, will be leaving UXA on 31 October 2008. Mr Kevin Lynn, Joint Company Secretary will continue as Company Secretary, a role he has held since UXA was established in 2005.
David played a key role in establishing the Adelaide office accounting and reporting systems and in the due diligence and evaluation of the proposed GAA acquisition. The Board thanks him for his significant contribution.
Contact
Neill Arthur
Chairman
URANIUM EXPLORATION AUSTRALIA LIMITED
Tel: +61 0428 222 094
Email: info@uxa.com.au
Website: www.uxa.com.au
Media: Farrington +61 2 9332 4448
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