Yellow Rock Resources (ASX:YRR) has appointed former South Boulder Mines (ASX:STB) managing director David “Lorry” Hughes as its chief executive officer.
The company had recently raised $636,212 through a rights issue and is preparing for the next stage of exploration at its core Gabanintha iron-titanium-vanadium, copper and gold projects in Western Australia.
Hughes has over 20 years’ experience in Australia and internationally across all aspects of the resources industry including exploration, development, mining and finance.
At South Boulder, he oversaw the discovery and initial development of the Colluli Potash Project in Eritrea.
He also managed its Australian exploration portfolio, which resulted in the Rosie nickel-copper-platinum group elements discovery by joint venture partner Independence Group (ASX:IGO) in the Duketon Greenstone Belt, Western Australia.
Executive director Les Ingraham said the company was confident that Hughes’ strong technical skills and experience with the international finance industry would assist in the development of its projects and future growth.
“Yellow Rock has exciting vanadium, uranium, copper and gold projects that I believe have unrealised value,” Hughes said.
In late 2013, drilling at YRR's Gabanintha tenements in the Mid-West of Western Australia intercepted gold and copper which included 5 metres at 9.64 g/t gold and 0.18% copper which was tidy.
For lightly-capped Yellow Rock Resources, the appointment of Hughes should instigate movement and activity. The vanadium project appears particularly of interest.
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