Iron sands explorer expands its executive team

20 October 2011

Iron sands explorer expands its executive team

Iron sands explorer, Trans-Tasman Resources Limited (TTR), has made two senior management appointments as it expands its New Zealand operations.

Chief executive, Paul Berend, announced today that Andrew Stewart has been appointed Chief Financial Officer and Matthew Brown appointed as General Manager - Exploration.

"We are delighted that Andrew and Matthew have joined our team. Their appointments are another important step in the growth of Trans Tasman and will actively facilitate the expansion of our New Zealand operations," Mr Berend said.

Andrew Stewart is a senior finance professional with over 20 years of experience in various industries. He was Chief Financial Officer of New Zealand Oil & Gas Limited (NZOG) whose business included offshore operations in Taranaki, the same region as Trans-Tasman's license areas.

While he was with NZOG the company grew from a market capitalisation of $40m to $600m and raised over $175m in equity issues as well as the $85m IPO of Pike River Coal Limited.

Matt Brown is an experienced geologist who has significant sector experience of working on iron sands projects, which will be invaluable as TTRL progresses its plans to harvest iron sands off the west coast of the North Island.

Before taking up this appointment, Mr Brown held a senior management position with New Zealand's Crown Mineral Authority (since renamed NZ Petroleum and Minerals) and so has intimate understanding of the licensing regime.

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