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admiralty resources nl (ADY) Snapshot

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08/13/14 - A$0.03
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admiralty resources nl (ADY) Details

Admiralty Resources NL, together with its subsidiaries, explores for and develops mineral deposits in Australia and Chile. It primarily explores for lead, zinc, nickel, cobalt, and iron ores. The company’s flagship projects include the iron ore districts comprising the Harper South district covering an area of approximately 2,498 hectares; the Pampa Tololo district covering an area of approximately 3,455 hectares; and the El Cojin district covering an area of approximately 600 hectares located in the region III of Chile. Admiralty Resources NL is based in Sydney, Australia.

admiralty resources nl (ADY) Top Compensated Officers

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admiralty resources nl (ADY) Key Developments

Admiralty Resources NL Announces Executive Changes

Admiralty Resources NL announced that Mr. Robert Kineavy has resigned as Company Secretary. The Board of the company appointed Mr. Jarrod Travers White as replacement Company Secretary. Mr. White is a Director of the company's currently appointed external Chartered Accounting firm Traverse Accountants Pty Ltd, in addition to being a Company Secretary and CFO of several other ASX listed entities, and brings this relevant experience to the company.

Admiralty Resources NL Announces Executive Changes

Admiralty Resources NL advised that Ms. Aiping Wang, a Non-Executive Director of the company, has replaced Mr. Alan Beasley as Non-Executive Chairman. Mr. Beasley will continue to serve the Board as a Non-Executive Director. Ms Wang has a Master's Degree in Economics from Xian Jiaotong University in China. Ms Wang is currently a director of Zhonjin Tianrun Equity Management Company which focuses on mining investment in China. Ms. Wang previously held the position of senior manager at Ping An Insurance (Group) Company of China Ltd. where she was responsible for mining investment and was also a senior manager for Parkson Retail Group.

Admiralty Resources NL Announces Executive Changes

Admiralty Resources NL announced that the Board has reluctantly accepted the resignation of Mr. Hanrui Zhong as Managing Director and CEO. Mr. Zhong remains on the board as a non-executive director. The Board has appointed Mrs. Qing Zhong as Managing Director and CEO. Mrs. Zhong recently led a delegation of Chinese Investors to view the company's operations in Chile and carried out an extensive review of the Chilean operations. Mrs. Zhong has been involved in capital management and investment businesses for over 10 years. During that time she has held several senior management positions in private companies in Shanghai, China, engaged in property investment and development. Mrs. Zhong has been responsible for mining investments in Mexico and Australia, and currently holds a directorship in MNKO Resource Company in Mexico. Mrs. Zhong is also Director of Jin Xin International Pty Ltd, Sun Investment Pty Ltd. and Sino Mining Holdings Pty Ltd. in Australia.


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