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Additional information
Additional Information
Market: AIM, ASX
Sector: General Mining
Epic: FND
News: Latest news
Web Site: Finders Resources
Other Articles: 29-01-201023-12-200904-12-2009

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Finders Resources

Finders Resources

Finders Resources' operations include development of the wetar copper project, exploration for copper and gold in Indonesia and investment in resource-based companies. The Company has 93.97% interest in wetar copper project, Indonesia. The Company’s interests in the wetar project and the ojolali project are held through its subsidiaries, Banda Minerals Pty Ltd and Way Kanan Resources Pty Ltd. The Company operates in two geographical locations, being Australia and Indonesia. Its minerals business is based in Indonesia where it is developing a copper project on the island of Wetar and conducting mineral exploration on Wetar Island and Sumatra.

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Wednesday, June 03, 2009

Finders Resources names Michael Stirzaker finance director

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Finders Resources PLC (AIM: FND) said it appointed of Michael Stirzaker as finance director with immediate effect.

His initial focus will be to complete a comprehensive financing package for the expansion of the company's Wetar copper project in Indonesia to 20-25,000 tonnes per year copper production, it said in a statement.  
Stirzaker holds a Bachelor of Commerce from the University of Cape Town and is an Australian Chartered Accountant.  He has more than 25 years of commercial experience, most of which have been in the mining finance and mining investment sector.

In 2007, he joined Tennant Metals, which has a copper cathode offtake agreement with Finders in relation to all of the demonstration plant production and 20-40 percent of the proposed full scale production from the Wetar copper project.

Stirzaker will relinquish his executive director duties at Tennant Metals to take up his new role.

As a Tennant shareholder, he has an indirect interest in 2,338,388 Finders shares held by Tennant Metals Pty Ltd, he also has an indirect interest in 583,902 shares held by Stith Pty Ltd as a potential beneficiary of a trust that owns 100 percent of Stith Pty Ltd, and he has an indirect interest in 1,095,568 shares held by the Stirzaker Family Superannuation Fund.

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