16:01 AEST Jan 6, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.
Sydney, Australia (ABN Newswire) - Dynasty Metals Australia Ltd (ASX:DMA) ('Dynasty') is pleased to announce that Mr Terence Gygar has been appointed, effective immediately, as the Alternate Director for Ms XiaoDong Sun, the board representative of Dynasty's major shareholder Hebei Xinghua Iron & Steel Co. Ltd, which shares are held in its Australian entity Hebei Xinghua Iron and Steel Australia Pty Ltd. Mr Gygar is a director of the Australian entity.
Mr Gygar is an Associate Professor in the Faculty of Law at Bond University where he also holds the position of Director of China Programs in the Faculty and is a staff elected Member of Bond University Pty Ltd.
Mr Gygar is a former Australian Regular Army Officer who served in the permanent forces for 7 years including service in Vietnam with an Aviation Reconnaissance Unit and later in the Army Reserve holding senior appointments in Officer Training Units. After resigning his commission, Mr Gygar was elected to Queensland Parliament as the Liberal Member for Stafford where he served for 15 years between 1974 and 1989.
Following his Parliamentary service Mr Gygar completed his LLB at Bond University with first class honours and was awarded the inaugural Bond University Gold Medal in Law. He is a barrister of the Supreme Court of Queensland and the High Court and Federal Court of Australia.
Mr Gygar has extensive experience in Asia extending over 25 years, including having taught at the International Islamic University in Malaysia and City University of Hong Kong, where, in 2003, he was responsible for developing a new legal education syllabus following the return of Hong Kong to the PRC. He has since held a visiting Professorship, at East China University of Politics and Law, Shanghai.
The Board of Directors, welcomes Mr Gygar who represents a valuable addition to Dynasty's executive management team.
For the complete Dynasty Metals announcement including Initial Director's Interest Notice, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/64943-ASX-DMA-523735.pdf
About Dynasty Metals Australia Limited:
Dynasty Metals Australia Ltd (ASX:DMA) is an emerging Australian iron ore exploration company focused on developing its 100%-owned tenements at Prairie Downs in Western Australia's Pilbara region.
In March 2010, Dynasty announced initial JORC-Compliant Inferred Resources of 453 million tonnes of Detrital Channel Iron and 23.3 million tonnes of Marra Mamba Iron Formation.
The 2010 exploration programs are underway and are aimed at further testing and significantly expanding the current resources, as well drilling a large iron-rich basal conglomerate for the first time. The exploration target is more than 1 billion tonnes of iron.
During 2010, Dynasty plans to commence detailed commercial investigations that will cover preliminary mine planning, beneficiation process design, mining and processing costs, transport infrastructure, capital costs, environment and native title clearances, and government approvals. A pre-feasibility study is anticipated to commence in late 2010.
Source:
Dynasty Metals Australia Limited
Contact:
Malcolm Carson
Executive Director - Technical
Dynasty Metals Australia Limited
Tel:+61-2-9229-2704
Lewis Tay
Executive Director
Dynasty Metals Australia Limited
Tel:+61-2-9229-2710 (Chinese)
http://www.dynastymetals.com.au
