IronClad Mining has appointed former Brockman Resources managing director and BHP Billiton senior executive Wayne Richards to head up the company.

Mr Richards will join the company as managing director on 1 March to spearhead development of the Wilcherry Hill iron ore project on South Australia’s Eyre Peninsula.

Among his accomplishments, Richards was most recently managing director of ASX listed Brockman Resources, whose principal project the Marillina iron ore project in Western Australia’s Pilbara region expanded significantly during his four years with the company.

Prior to that, he held a senior executive position with BHP Billiton’s Iron Ore Division, with responsibility for integrating projects across BHP’s three iron ore business sectors mine, port and rail.

IronClad Mining executive chairman Ian Finch said that “We pursued Wayne for the position given his extensive iron ore and corporate experience, including mine to market knowledge, as well as his outstanding track record of getting projects developed.”

“During his tenure at Brockman, he grew the business from an exploration company with a market capitalisation of AUD 30 million to close to AUD 1 billion in just four years.”

Richards said IronClad has the strategic advantage of being the first direct shipping ore magnetite producer and exporter in the world, with a significant opportunity to expand the business both organically and via potential future corporate activities.

He said that “Whilst our initial focus will be on early stage mining at Wilcherry Hill and the transportation of iron ore to the Lucky Bay port facility, our principle focus will be to grow the business from one to 10 million tonnes per annum, and position the company as a future Top 150 ASX listed company.”

(Sourced from www.proactiveinvestors.com.au)