Hillgrove appoints Drew Simonsen as managing director

Australian-listed firm Hillgrove Resources Limited Wednesday has appointed Drew Simonsen as Managing Director.

Simonsen has been interim Chief Executive Officer since July 1, 2010, the company said in statement. He has a BE (Mining), Dip Geoscience (Mineral Economics), is a Graduate of the AICD, a 37 year member of the AusIMM, and has 35 years of finance and resources industry experience.

Commenting on the appointment, the Chairman of Hillgrove, the Hon. Dean Brown, AO said: ?The Board has undertaken an extensive assessment process involving an international recruitment agency, and has interviewed a number of candidates. The Board has selected Simonsen on the basis of his demonstrable skills and experience, and believes he is clearly the best candidate to take the company through the challenge of financing and developing the Kanmantoo Copper Mines project in South Australia, as well as progressing the opportunities in Indonesia and elsewhere in the company in the medium term.?

The Company?s portfolio includes an advanced exploration portfolio of 5,128km2 in world class copper and gold terrains in eastern Indonesia (Bird?s Head copper/gold project in West Papua, Sumba gold project in East Nusa Tenggara) targeting porphyry copper-gold and epithermal deposits. (denny)