Metallica Minerals Limited (ASX:MLM)
Mr Ashley's resignation follows the sale of Kagara Limited's (ASX:KZL) shareholding in Metallica.
Mr Ashley was Kagara's nominee on the Metallica Board.
The Directors of Metallica sincerely thank Mark for his contribution to the Company since his appointment late in 2006. The Board also thanks Kagara for its support of Metallica since December 2005 when Kagara first took a placement of shares in Metallica.
Mr Wu Shu is a Director of Jilin Jien Nickel Industry Co. Ltd (SHA:600432), and a Director & Managing Director of Jilin HOROC Nonferrous Metal Group Co. Ltd. Mr Wu was previously a Director, Company Secretary, Deputy Managing Director and CFO of Jilin Jien Nickel Industry Co. Ltd, and a Director of Jilin Nickel Industry Group (renamed in Jan 2006 as Jilin HOROC Nonferrous Metal Group Co. Ltd).
Mr Wu was instrumental in Jilin Nickel's successful IPO in Shanghai stock market in 2003. His extensive experience in management and finance has enhanced Jilin Nickel's overseas strategic investment and expansion significantly.
About Metallica Minerals Limited
Metallica Minerals Limited (Metallica) (ASX:MLM) was incorporated in 1997 by Founding and Managing Director Andrew Gillies. Metallica was established with the primary objective of creating opportunity and wealth for its shareholders through the evaluation and development of mineral projects in Queensland. Metallica was listed on the Australian Stock Exchange November 2004 (ASX:MLM). Metallica's focus and flagship project is its North Queensland Nickel Cobalt (NORNICO)
Metallica Minerals Limited
Jilin Jien Nickel Industry Co., Ltd