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Mineral Deposits continues board restructure with managing director appointment

Mineral DepositsLtd. has appointed CEORobert Sennitt as managing director as part of a reorganization of the company'sexecutive management structure.

In association with Sennitt's appointment, Executive ChairmanNic Limb will transition to nonexecutive chairman at the upcoming annual generalmeeting, the ASX-listed mineral sands producer said April 8.

Limb will continue as chairman of TiZir Ltd., Mineral Deposit's 50%-owned joint venture andprincipal asset, located in Norway.

Meanwhile, David Isles, a founding director, will retire at theannual general meeting.

The revamped board will focus on operational utilization, sustainablethroughput rates and increasing efficiencies with respect to mining recoveries andprocessing yields to bolster the capacity of the Grande Cote mineral sands operation in Senegal,West Africa.

The board will also focus on ramping up the TiZir titanium andiron operations to produce chloride titanium slag and continue production of high-puritypig iron, as well as implementing further cost reduction initiatives across thejoint venture operation.