Lachlan Star Limited appointed Mr. Klaus Eckhof as an executive director of the company. Mr. Eckhof is a geologist with more than 30 years experience identifying, exploring and developing mineral deposits around the world. After selling Spinifex Gold to Gallery Gold in 2001 he founded, in late 2003, Moto Goldmines, which acquired the Moto Gold Project in the DRC. There Mr. Eckhof and his team raised over $100 million and delineated more than 12 Moz of gold and delivered a feasibility study within four years from the commencement of exploration. Moto Goldmines was subsequently acquired by Randgold Resources for $488 million, who poured first gold in September 2013.