Board Changes

 

TIDMGPN 
 
RNS Number : 1202M 
Gladstone Pacific Nickel Limited 
18 May 2010 
 

18 May 2010 
 
                        GLADSTONE PACIFIC NICKEL LIMITED 
                                (ACN 104 261 887) 
 
                                 BOARD CHANGES 
 
Following the meeting of the board of directors held earlier today, Gladstone 
Pacific Nickel Limited ("GPN" or the "Company") announces the appointment of Mr 
Neil Meadows to the board of directors. Mr Meadows will be the acting Managing 
Director until such time as he is offered and accepts a permanent position or an 
appropriate replacement is found. 
 
Mr Meadows is Chief Operating Officer of and a director of Queensland Nickel Pty 
Ltd ("QNPL"). QNPL operates the Yabulu Refinery nickel operation in Townsville, 
Queensland, Australia. He first worked at the Yabulu Refinery operation between 
2000 and 2003 in various plant management roles before spending in excess of 
five years as General Manager and later Projects Director for Minara Resources 
Ltd's Murrin Murrin nickel operation. Mr Meadows returned to the Yabulu Refinery 
in September 2008 in the role of General Manager for BHP Billiton. Since the 
sale of the Yabulu Refinery to Mr Clive Palmer he has accepted the role of Chief 
Operating Officer. 
 
Mr Clive Palmer and his related entities hold a total of 50.04% of the ordinary 
shares in issue of the Company. 
 
The Company also announces the resignation of Mr Vimal Sharma as Non-Executive 
Director with immediate effect. 
 
GPN announces the appointment of Mr Domenic Martino as Chairman of the board of 
directors and also announces changes in board remuneration, being $45,000 per 
annum for the Chairman and $20,000 for Non-Executive Directors. 
 
Following these changes, the board of the Company is constituted as follows: 
 
1. Domenic Martino - Chairman 
2. Clive Mensink - Non-Executive Director 
3. Neil Meadows - Managing Director 
4. William Haseler - Non-Executive Director 
 
A further announcement in relation to the appointment of Mr Meadows including 
the information required under Schedule 2(g) of the AIM Rules for Companies will 
be made as soon as possible. 
 
ENDS 
 
 
For more information or comment: 
 
Julien McInally - Gladstone Pacific Nickel Ltd 
Tel:[phone] 
 
 Gerry Beaney / Robert Beenstock - Grant Thornton Corporate Finance 
Tel:[phone] 
 
 Andrew Fairclough - Arbuthnot Securities 
Tel: [phone] 
 
Email: [e-mail] 
 
 Gladstone Pacific Nickel Limited is 
an Australian mining development company presently undertaking an Integrated 
Definitive Feasibility Study for the Gladstone Nickel Project. The Company's 
vision is to build a major long-life nickel cobalt refinery at the deepwater 
Port of Gladstone, in Central Queensland, Australia, treating abundant high 
grade nickel laterite ores from New Caledonia and other south-west Pacific 
islands, underpinned by beneficiated ores from its own Marlborough deposits. The 
Project has the potential to be one of the largest of its type in the world 
producing some 126,000 tpa nickel (8 - 10% of global nickel demand) and 10,400 
tpa of cobalt metal from its first two stages. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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