Magnetic Resources - MAU(ASX) News & Expert Insights from Stockhead

Magnetic Resources NL (MAU) is a dynamic and unique gold company. Their primary focus is the advanced Hawks Nest 9 and adjacent Lady Julie gold assets in the Laverton region of Western Australia. These assets are large scale and at surface. The shallow gold and its proximity to existing mining operations and infrastructure in the region and represent the unique point of difference for investing in Magnetic Resources.

KEY PEOPLE

George Sakalidis | Managing Director

Founding director and shareholder of the Company since incorporation and was the former Managing Director until October 2014 (reinstated as MD April 2017). Mr Sakalidis has worked tirelessly to establish a portfolio of assets which the Company continues to develop for production.

Mr Sakalidis is an exploration geophysicist with over 30 years’ industry experience, and his career has included extensive gold, diamond, base metals, iron ore and mineral sands exploration. Mr Sakalidis has been involved in a number of significant mineral discoveries, including the Three Rivers and Rose gold deposits, the Dongara Mineral Sands Deposits and the Boonanarring-Gingin South-Helene Mineral Sands Deposits in Western Australia.

Eric Lim | Non-Executive Chairman

Eric Lim is Managing Director and Head, Group Finance with United Overseas Bank, one of South-East Asia’s largest banks. Eric also serves as Chairperson of UOB’s Group Environmental, Social and Governance (ESG) Committee. Prior to joining UOB, he held positions with Standard Chartered Bank, OCBC Bank and General Electric in executive positions across the US and Asia Pacific, spanning wholesale banking, consumer finance and corporate finance roles.

Julien Sanderson | Non-Executive Director

Julien is a chartered accountant with more than 40 years’ experience in banking, corporate, accounting, taxation, company secretarial practice and international and local corporate governance .Mr Sanderson’s experience spans a range of private and public companies in a broad range of industries including mining and resources.

Chan Hian Siang | Non-Executive Director

Mr Chan is the founder, Executive Director and CEO of SP Chemicals Pte Ltd. Mr Chan is also an Executive Officer of SP Chemicals’ parent company, Asiawide Holdings Pte Ltd (AWH), and a few other companies within the parent group. From 1985 to 1987, Mr Chan was a Loans and Syndication Officer at Asian-American Merchant Bank Limited. In 1988, he joined AWH as a General Manager and was appointed as an Executive Director of AWH in 1990.