Matrix Metals | Copper Production and Exploration

The Directors of Matrix Metals Limited are pleased to announce that Mr Robert Prescott and Mr Christopher Mitchell have been appointed as directors of the Company. These appointments follow Matrix receiving confirmation of the completion of the purchase by Summo Minerals Corporation (Summo), of shares in Matrix previously held by Murchison United NL and Majestic Resources NL.

Shareholder approval for the share transactions and the appointments was granted at the Extraordinary General Meeting held on 10 April 2001 in regard to the Summo Transaction. Mr Prescott and Mr Mitchell are both employees of Summo.

Mr Christopher Mitchell

Mr Mitchell is the Executive Vice President and Chief Financial Officer of Summo. He is a registered professional engineer. Mr Mitchell has been employed in the minerals business for over 30 years, initially as a metallurgist and financial analyst. Since 1970 he has held positions of increasing responsibility in corporate finance and administration, marketing of base and precious metals concentrates, environmental permitting and executive management positions with several mining companies in Canada and the United States. He was appointed Vice President and Secretary of CoCa Mines Inc. upon its creation as a private mining company in 1981. Mr Mitchell was responsible for the corporate finance, accounting and administration functions, gold marketing and sales, and environmental permitting. While at CoCa, he managed that company's reverse take-over of a publicly listed mining company. He joined Viceroy Resource Corporation in June 1987 as CFO, and also held a number of senior executive positions with that company, with responsibility for activities in the areas of finance, marketing and sales, and governmental and environmental affairs. He joined Orvana Minerals Corp. in September 1996 as Executive Vice President, CFO and Secretary. During the course of his career in the minerals industry, Mr Mitchell has negotiated several project financings and equity issues, with values aggregating well in excess of US$100 million.

Mr Mitchell is 60 years of age and resident in Denver, Colorado, USA.

Mr Robert Prescott

Mr Prescott is the Vice President of Operations of Summo USA Corporation (a related party of Summo). Mr Prescott is responsible for managing the permitting and ultimately construction and operation of the Lisbon Valley project. Mr Prescott is a metallurgical engineer with over 30 years' experience in management of mining and metallurgical operations, and has specific knowledge and expertise in solvent extraction and electrowinning. Mr Prescott spent 19 years with Kennecott Copper Corporation at the Bingham, Ray and Chino operations in Utah, Arizona and New Mexico, respectively, and 11 years with Inspiration Resources Corporation at the Bluebird and Miami operations in Utah. Bluebird was the first mine-for-leach copper operation to go into production in the United States. Mr Prescott has extensive experience with project permitting.

Mr Prescott is 60 years of age and resident in Moab, Utah, USA.

 

Yours sincerely,

Andrew Chapman
Chief Executive Officer