First Bauxite Corporation Positions Itself to Develop the Bonasika Refractory Bauxite Project in Guyana
Hilbert N. Shields, CEO, who lead the technical work in Guyana to complete the feasibility studies, will now spend more time in Canada and assume the role of both President and CEO of the company. First Bauxite has further strengthened its Board of Directors with the appointment of Larry Washow as a Director (nominee of Resource Capital Fund VLP). George Bennett, who worked on the Bonasika Feasibility Study, has been appointed Chief Operating Officer of the company. He has over 50 years involvement with the exploration, mining, production and sale of industrial minerals with specific focus on refractories. His experience extends from start-up refractory operations to managing international licensing and technology sales for Harbison-Walker Refractories, and global refractories marketing responsibilities. G. Bennett acted as an Industrial Minerals Consultant to the Guyana and Peru refractory alumino-silicate industries on technical operating issues and the establishment of global marketing and distribution organization for refractory and chemical grade bauxites. Ian Fodie has been appointed Chief Financial Officer. Jess Hutchinson has been appointed Vice President, Marketing and Product Development. He has over 25 years experience in the minerals and manufacturing industries, with significant exposure to refractories. J. Hutchinson has held various project and product management and application engineering positions (Market and Product Development Manager, and VP International Operations at Harbison-Walker over a 23 year period, followed by EVP Worldwide Sales and Marketing at Global Industrial Technologies (GIX), where he materially increased sales and reduced overheads, and Chief Executive Officer of RHI America, where he successfully completed a merger integration plan). Howard Winkelbauer has been appointed Technical Director, Products. He has 19 years of experience in the research and technology development field for Harbison-Walker Refractories and further senior research roles with RHI America and ANH Refractories. Hilbert N. Shields, President and CEO, said „this world class management team has the expertise necessary to move forward with the next major milestone of obtaining project finance and constructing the mine for operation. First Bauxite is increasingly well positioned to be the next major, long life, low cost, producer of refractory grade bauxite.” First Bauxite is a Canadian natural resource company engaged in the exploration and development of bauxite deposits in Guyana, South America. The Company has its head office in Toronto and is managed by experienced geoscientists and business development professionals with worldwide experience in the exploration and mining business across a number of mineral commodities. The mission of First Bauxite is to become a near term, medium size producer and supplier of high quality refractory grade sintered (calcined) bauxite. First Bauxite controls a large land package in Guyana’s historical coastal bauxite belt, including the Bonasika Mining License, the Waratilla-Cartwright Prospecting License, the Essequibo PGGS License, and the contiguous Tarakuli and Tarakuli North-West Prospecting Licenses in Northeast Guyana. The Company completed a Feasibility Study Update over the Bonasika 1, 2, 5, 6, and 7 deposits and announced its results in October 2011. The Feasibility Studies define and confirm the economic viability of an operation based on sequential mining of the five bauxite deposits located on the Bonasika Licenses, and the construction of a washing plant facility, a sintering plant, and load out facilities, at Sand Hills. Further information: www.firstbauxite.com (12/2011).