Xanadu Mines Ltd : Xanadu's management team strengthened with the appointment of Executive Director - Xanadu Mines Mongolia LLC
Xanadu's management team strengthened with the appointment of Executive Director - Xanadu Mines Mongolia LLC
Xanadu Mines Ltd (ASX:XAM) is pleased to announce that Haydn Lynch has been appointed Executive Director - Xanadu Mines Mongolia LLC, based in Ulaanbaatar, to strengthen the company's existing in-country management team.
Mr Lynch is a senior financial executive within the Australian and international mining industries having worked in corporate advisory and project funding roles with global and domestic investment banks over the past 19 years. His financial career has included commodity sales at Bankers Trust, project finance at Investec Bank Australia, corporate advisory and equity capital markets at RBC Capital Markets and Southern Cross Equities now Bell Potter.
Mr Lynch holds a Bachelor of Mechanical Engineering and Economics from the University of Queensland and a Masters degree in Finance from the University of New South Wales.
The Chairman of Xanadu Mines, Brian Thornton, said "Mr Lynch's appointment reflects a determination by the board to grow shareholder value and advance the company's exploration portfolio in Mongolia. We are delighted to attract an individual of Haydn's calibre and extensive resource sector experience in what promises to be a most exciting period in the evolution of the company."
Mr. Lynch said "Xanadu presents investors with an excellent opportunity to capitalise on its world class copper/gold porphyry targets and the growth and development of a hard coking coal platform in partnership with Noble Group across Mongolia."
"I look forward to the challenge of helping continue the development of the company's asset base and advancing Xanadu's strategy on copper and coal. Mongolia has already demonstrated its immense geological prospectively as evidenced by the world class Oyu Tolgoi development and the emergence of numerous bulk commodity projects supplying neighbouring countries together with emerging development of a seaborne market. The pace of resource development in Mongolia shows no sign of abating with the next decade being a truly exciting time for investors in the country",
Mr Lynch added.
Sydney Office
Suite 4, Level 2, 66 Oxford Street
Darlinghurst NSW Australia 2010
T + 61 2 9332 4322
F + 61 2 9332 3269
E info@xanadumines.com
XANADU MINES LTD ACN 114 249 026
Mongolian Office
2nd Khoroo, AOSStreet MilitaryTown, Bayanzurkh District Ulaanbaatar, Mongolia
T +976 11 5011 0211 ABOUT XANADU MINES
Xanadu Mines Ltd (ASX: XAM) is a Mongolian exploration company which listed on the ASX on 21 December 2010. It is currently conducting exploration and drilling of its highly prospective suite of licences for copper and gold in the South East Gobi, porphyry copper at Sharchuluut and coking coal on its Ekhgoviin Chuluu (EC) joint venture projects with Noble Group. Its strategy is to target metals and coking coal opportunities in the Trans Mongolian rail corridor or within close proximity to the Chinese and Russian borders. With a 6 year track record and an experienced world- class exploration team, Xanadu is ideally placed to identify and capitalise on opportunities to meet the burgeoning metals and minerals demand from China and nearby Asian markets. For further information:
Brian Thornton
Chairman
+61 411 366 668 or
Email: info@xanadumines.com
Xanadu Mines Ltd (ASX:XAM) is pleased to announce that Haydn Lynch has been appointed Executive Director - Xanadu Mines Mongolia LLC, based in Ulaanbaatar, to strengthen the company's existing in-country management team.
Mr Lynch is a senior financial executive within the Australian and international mining industries having worked in corporate advisory and project funding roles with global and domestic investment banks over the past 19 years. His financial career has included commodity sales at Bankers Trust, project finance at Investec Bank Australia, corporate advisory and equity capital markets at RBC Capital Markets and Southern Cross Equities now Bell Potter.
Mr Lynch holds a Bachelor of Mechanical Engineering and Economics from the University of Queensland and a Masters degree in Finance from the University of New South Wales.
The Chairman of Xanadu Mines, Brian Thornton, said "Mr Lynch's appointment reflects a determination by the board to grow shareholder value and advance the company's exploration portfolio in Mongolia. We are delighted to attract an individual of Haydn's calibre and extensive resource sector experience in what promises to be a most exciting period in the evolution of the company."
Mr. Lynch said "Xanadu presents investors with an excellent opportunity to capitalise on its world class copper/gold porphyry targets and the growth and development of a hard coking coal platform in partnership with Noble Group across Mongolia."
"I look forward to the challenge of helping continue the development of the company's asset base and advancing Xanadu's strategy on copper and coal. Mongolia has already demonstrated its immense geological prospectively as evidenced by the world class Oyu Tolgoi development and the emergence of numerous bulk commodity projects supplying neighbouring countries together with emerging development of a seaborne market. The pace of resource development in Mongolia shows no sign of abating with the next decade being a truly exciting time for investors in the country",
Mr Lynch added.
Sydney Office
Suite 4, Level 2, 66 Oxford Street
Darlinghurst NSW Australia 2010
T + 61 2 9332 4322
F + 61 2 9332 3269
E info@xanadumines.com
XANADU MINES LTD ACN 114 249 026
Mongolian Office
2nd Khoroo, AOSStreet MilitaryTown, Bayanzurkh District Ulaanbaatar, Mongolia
T +976 11 5011 0211 ABOUT XANADU MINES
Xanadu Mines Ltd (ASX: XAM) is a Mongolian exploration company which listed on the ASX on 21 December 2010. It is currently conducting exploration and drilling of its highly prospective suite of licences for copper and gold in the South East Gobi, porphyry copper at Sharchuluut and coking coal on its Ekhgoviin Chuluu (EC) joint venture projects with Noble Group. Its strategy is to target metals and coking coal opportunities in the Trans Mongolian rail corridor or within close proximity to the Chinese and Russian borders. With a 6 year track record and an experienced world- class exploration team, Xanadu is ideally placed to identify and capitalise on opportunities to meet the burgeoning metals and minerals demand from China and nearby Asian markets. For further information:
Brian Thornton
Chairman
+61 411 366 668 or
Email: info@xanadumines.com
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