NZ Ironsands Explorer Appoints Tim Crossley as CEO

NZ Ironsands Explorer Appoints Tim Crossley as CEO

Wellington. 30 July 2012. Trans-Tasman Resources Ltd (TTR) is pleased to announce the appointment of Tim Crossley as Chief Executive Officer, to be based in TTR’s Wellington Head Office. He is to take up the position in early October this year.

Tim Crossley comes to TTR from Gloucester Coal, an ASX listed diversified coal company with open cut and underground mining operations in NSW and Queensland, Australia. Its NSW assets currently produce 5 Mtpa of coal.

Prior to this Mr Crossley was a senior executive with Hancock Prospecting and was President and Chief Operating Officer with BHP Billiton’s West Australian iron ore business, which shipped 123 Mt of high grade ore in FY 2008. Before working in the iron ore business Mr Crossley held senior positions in BHP Billiton’s manganese and metallurgical coal divisions..

Bill Bisset, the Executive Chairman of TTR said he is delighted with the depth and breadth of experience that Tim Crossley brings with him particularly in the carbon steel raw materials sectors.

“Tim Crossley is a very experienced senior mining executive with an outstanding mining sector track record that will bring demonstrated skills in managing large complex operations with sensitive environmental requirements. He understands the supply chain and is familiar with broad commercial issues which will be crucial for TTR’s future development,” Bill Bisset said.

“This appointment marks a convergence of work streams and activities for TTR which are moving the company closer to achieving its objective of extracting iron ore from the iron sands off the coast of the North Island of New Zealand’s west coast.

“In addition to the recent strengthening of our board, our environmental, geotechnical and beneficiation studies and trials are progressing well and bring us closer to the time when we can complete our Definitive Feasibility Study and seek consents for production of ore.”

Bill Bisset said “It is timely to appoint a Chief Executive to manage this step change in an organisation which has, until recently, operated with small diversified offices with a strong scientific focus.”

“The evolution from a conceptual to an operational project is a very significant leap, and we look forward to Tim’s leadership in leading the company through this important stage in its development.” he said.

Ends…/

About Trans-Tasman Resources Ltd: Trans-Tasman Resources Ltd (TTR) is a privately-owned New Zealand company. It was established in 2007 to explore, assess and develop the potential of the rich offshore iron ore deposits off the west coast of the North Island of New Zealand. Prospecting work to date suggests there is a vast world-class mineral resource which could supply Asian markets with a reliable supply of low-cost iron ore. TTR has a JORC compliant recoverable mineral resource determined by Golder Associates Pty Ltd of in-situ 4,638Mt @ 6.23% Fe[1]. In April 2010, Denham Capital Management, a global private equity firm that invests in the energy and commodities sectors, announced that it had made an equity investment in the company.

www.ttrl.co.nz

© Scoop Media