Groote Resources Ltd (fka GRUTF)

[devlin52]

recent announcement from GROOTE:


ASX ANNOUNCEMENT
ASX: GOT
21 February 2011
GROOTE RESOURCES MARKET UPDATE
The board of manganese explorer Groote Resources Limited (ASX:GOT) (“Groote” or “the Company”)
is pleased to advise that Chairman Doug Daws has been appointed to Executive Chairman.
The Board has initiated a number of changes to reflect the direction required to ensure the
development of the Groote Eylandt Manganese Project.
The appointment of Mr Daws as Executive Chairman will bring his experience and full attention to
the company as we progress into the next phase of the project.
Mr Daws will, as one of his first roles as Executive Chairman, travel to Groote this week to attend a
meeting with the Traditional Owners (TO’) and to enter into discussions at the request of the TO’s
and Anindilyakwa Land Council (ALC) over the application by the Company of Exploration Licence
Applications 27521 and 27522.
Mr Daws said “It became apparent to me that Groote, as a Board, had not given due focus and
respect when dealing with the Traditional Owners on whose land our explorations licence
applications are over. I am very keen to listen to the traditional owners and hear their concerns and
aspirations. Together I hope we can reach agreement that all parties are comfortable with.”
The Company recognises the importance of a local presence in the Northern Territory and has
commenced moves to relocate its head office to Darwin in the near future to progress its Groote
Eylandt Manganese Project.