News: Spectrum Rare Earths managing director to step down

Spectrum Rare Earths (ASX:SPX) has announced that Ian Bamborough will cease employment as managing director of the company at the completion of his current contract term on 30th November 2014.

Bamborough has served more than seven years in the position and was responsible for the discovery of the Company’s suite of rare earths prospects, including Quantum, Stromberg and Skyfall.

Spectrum's main focus is its Skyfall Heavy and Magnetic End Use Rare District where is retains 1500 square kilometres of tenements.

The company holds around 9000 square kilometres of prospective land packages across 16 (9 under application) tenements in the Northern Territory.