Fe Limited (ASX:FEL) has added financial and commercial expertise to the Board of Directors through the appointment of Mark Hancock as an executive director, effective September 1, 2019.
Hancock has over 30 years’ experience in key financial, commercial and marketing roles across a variety of industries with a strong focus on natural resources.
During his 13 years at Atlas Iron Ltd, Hancock served in numerous roles including CCO, CFO, executive director and company secretary.
He has also served as a director on a number of ASX-listed entities and is currently a director of Centaurus Metals Ltd (ASX:CTM).
Hancock is a chartered accountant and a Fellow of the Financial Services Institute of Australia.
He replaces Kenneth Keogh, who tendered his resignation as an FEL director effective September 1 2019.
Drilling at Hillside project
FEL recently encountered strongly anomalous gold and high levels of base metals during reconnaissance work in three different locations at its Hillside project, part of its tenement package in Western Australia’s Pilbara region.
The company’s landholding comprises 18 tenements held in an earn-in agreement with Macarthur Minerals Limited (CVE:MMS) and is prospective for lithium, gold, copper, base metals and iron ore, with many known deposits within and around the tenure.
Preliminary planning for initial drilling is underway with the arrangement of heritage and earth works for logistical and access requirements.
Final drill sites will be determined following detailed mapping and ground truthing of targets already identified from desktop aerial mapping that is also underway.