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FSE - Firestone Announces Appointment Of New Director

Release Date: 17/07/2009 08:47
Code(s): FSE
Wrap Text

FSE - Firestone Announces Appointment Of New Director FIRESTONE ENERGY LIMITED (formerly Centralian Minerals Limited) (Registration number: ABN 058 436 794) (SA company registration number: 200/023973/10 Share code on the JSE: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 ("FSE" or "the Company") FIRESTONE ANNOUNCES APPOINTMENT OF NEW DIRECTOR Highlights: Appointment of highly experienced and credentialed mining engineer, Colin McIntyre to the Firestone Board will assist with implementation of mine development plans. Further to its announcement of 12 June 2009, Firestone Energy Limited (ASX:FSE/JSE:FSE) is pleased to announce the appointment of Mr Colin McIntyre as Non-Executive Director, effective immediately. CEO, Mr Garth Higgo said: "We are delighted to welcome Colin to our team. Colin is a highly experienced and credentialed mining engineer, mining manager and company director, bringing to the Board 35 years experience in the mining industry, including fourteen years with Western Mining Corporation. Colin`s extensive board experience and practical mining experience in open pit and underground mining will assist the company as we progress toward initial mine development later this year, with commencement of small scale mining by the end of the year, paving the way for a large scale open pit mining operation in 2011". About Firestone Energy Firestone Energy Limited is a Perth based exploration and development company listed on the Australian Stock Exchange (ASX: FSE) and the Johannesburg Stock Exchange (JSE:FSE) that sources and develops viable mineral projects with a particular focus at this time on coal prospects in the Waterberg Coal Field, South Africa. The Company has joint ventures with Sekoko Coal over six farms located in the Waterberg coalfield in the Limpopo Province of South Africa. This coalfield is becoming increasingly important as coal reserves in the Witbank, Highveld and Ermelo coalfields of the Mpumalanga Province, which currently supply the majority of Eskom`s coal power stations, become depleted over the next 20-30 years. The recently signed agreement with Sekoko Coal over four farms which add up to 1.12 billion tonnes of coal (saleable product) to its existing holdings in the Waterberg coal field is still subject to regulatory and shareholder approvals. Information in this report that relates to exploration results, coal resources or reserves on the properties Smitspan 306LQ, Hooikraal 315LQ, Minnasvlakte 258LQ and Massenberg 305LQ is based on information compiled by Ms Catherine Telfer who is employed by Venmyn Rand (Pty) Ltd and is a member of The Australian Institute of Mining and Metallurgy and The South African Institute of Mining and Metallurgy. Ms Telfer has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves". Ms Telfer consents to the inclusion in the report of the matters based on her information in the form and context in which it appears. For more information please contact: Garth Higgo Chief Executive Officer +61 (08) 9381-2755 www.firestoneenergy.com.au Email: enquiries@firestoneenergy.com.au Pretoria 17 July 2009 Sponsor River Group Date: 17/07/2009 08:47:40 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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