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Peninsula Mines appoints new managing director with Korean experience

The company is developing a portfolio of flake graphite projects in South Korea.

board room full of empty seats
The company had recent drilling success at its flagship Gapyeong Graphite Project

Peninsula Mines Ltd (ASX:PSM) has made two board appointments in Richard Henning as managing director and Young Yu as non-executive director.

Henning will replace Jon Dugdale and Yu will replacement Martin Pyle, both Dugdale and Pyle will retire effective immediately.

Henning and Yu both bring previous business experience in Korea to the company’s board.

Board bolstered by enhanced Korean experience

Henning was previously a business manager at Extract Resources and managing director at Stonehenge Metals Ltd (ASX:SHE).

Yu is the current chairman of the Australia Korea Business Council of Western Australia and the National Leader of the Korean Services Group at Deloitte Australia.

Between 2004 and 2012, Yu represented both state and federal Australian governments in Korea as Commissioner of the WA Government and Trade Commissioner of the Commonwealth of
Australia.

READ: Peninsula Mines signs graphite MOU with Korean lithium-ion battery anode supplier

Earlier this month, Peninsula signed its first memorandum of understanding (MOU) with key Korean lithium-ion battery materials manufacturer Tera Technos Co Ltd.

The MOU involves initial testing of graphite concentrate samples from Peninsula’s flagship Gapyeong Graphite Project, and possibly the Eunha Graphite Project, both in South Korea.

READ: Peninsula Mines intersects high-grade flake graphite in Gapyeong drilling

 

Quick facts: Peninsula Mines Ltd

Price: 0.002 AUD

ASX:PSM
Market: ASX
Market Cap: $2.03 m
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Peninsula Mines intersects graphite in all six initial drill holes at...

Peninsula Mines Ltd (ASX:PSM) managing director Jon Dugdale updates Proactive Investors on the South Korea-focused company's upstream and downstream activities as it works to become a leading integrated graphite producer in the country. Dugdale also discusses progress with the precious...

on 11/12/18

2 min read