The co-founder of Mindoro Resources, Tony Climie, has stepped into the role of chief executive officer after Jon Dugdale’s recent resignation.

Tony Climie has been with the company for more than 16 years, most of which has been spent in the Philippines. He is responsible for Mindoro’s portfolio of advanced projects and key discoveries in the Philippines, including the Agata nickel project and the Pan de Azucar sulphur-copper-gold project. Both of these projects are joint ventures with TVI Pacific.

“We are very pleased to see Tony return to the role of CEO at Mindoro. Tony and his team in the Philippines are responsible for the key discoveries made by Mindoro. Tony knows the projects intimately and with joint venture operator TVI, he can help steer the company to its first cash flow producing operation planned for 2013,” says Mindoro chairman Rob Garden.

“We would also like to thank Jon for his services as president and CEO during a period that has seen the company take considerable steps to bring our major projects into production.”

Jon Dugdale will commence a new role as an executive director of Mindoro’s 56%-owned Red Mountain Mining, before transitioning to the managing director’s role in March.

Red Mountain is actively drilling and channel sampling its Batangas gold project at Archangel and Lobo to expand the known high-grade gold resources and increase the gold inventory via new discoveries.

Canadian explorer TVI is focused on the production, development, exploration and acquisition of resource projects in the Philippines and produces copper and zinc concentrates from the Canatuan mine in western Mindanao.

Mindoro says the joint ventures are focusing on establishing stage 1 direct shipping ore (DSO) production as well as advancing the Agata nickel processing project to the definitive feasibility study stage.

www.mindoro.com

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