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  • Magnum Mining and Exploration (MGU) has appointed Hugh Callaghan and Don Carroll to the Magnum Board of Directors, effective from today
  • Hugh Callaghan is currently based in Mexico, but is relocating to Nevada to assist Magnum’s existing U.S.-based team of project consultants
  • Don Carroll will be based in Australia and will provide the Magnum board with his expertise across the ocean transport and marketing of the potential magnetite production from Buena Vista
  • The company’s two existing Directors, Grant Button and Frank Cavanao, have retired from the Magnum board, with Grant also retiring as CEO after fifteen years in the role
  • The CEO duties will now be assumed by the Chairman, with assistance from the company secretary
  • Magnum shares are down 3.7 per cent, trading at 13 cents

Magnum Mining and Exploration (MGU) has appointed Hugh Callaghan and Don Carroll to the Magnum Board of Directors, effective from today.

Hugh Callaghan comes with a wealth of experience, initially working with Gold Fields of South Africa, Rio and Xstrata, as well as holding the position of founder or CEO of three ASX-listed companies.

On top of this, Hugh has been part of a number of projects, including teams that have built four mines in Africa and Latin America.

Hugh Callaghan is currently based in Mexico, but is relocating to Nevada to provide high-level assistance to Magnum’s existing U.S.-based team of project consultants.

Don Carroll has spent the past 37 years with Rio Tinto (RIO) and BHP (BHP), initially as a mining engineer before moving into marketing and business development.

In the latter role, he gained wide experience across the minerals industry, which included senior management roles in the U.S, Europe, Asia, Japan and India. During his time with BHP, Don also gained experience across other project areas including ocean freight, power and strategic planning.

Don Carroll will be based in Australia and provide the Magnum board with his expertise across the ocean transport and marketing of the potential magnetite production from Buena Vista.

Following the appointments, two existing Directors, Grant Button and Frank Cavanao, have retired from the Magnum board, with Grant also retiring as CEO after fifteen years in the role.

The CEO duties will now be assumed by the Chairman, with assistance from the company secretary, during the interim period while the new board determines the executive team for Magnum moving forward.

Grant Button has agreed to continue to act as the company’s secretary for a transitional period of two to three months and will remain with Magnum as a key consultant to advance the potential development of the Gravelotte emerald project.

Magnum shares are down 3.7 per cent, trading at 13 cents at 2:30 pm AEDT.

MGU by the numbers
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