Xtract Resources Plc announced the appointment of Kjeld Thygesen as an independent non-executive director of the Company with immediate effect. Thygesen joins the Board with a wealth of natural resource industry experience having worked as an executive director of N M Rothschild International Asset Management and subsequently, as the investment manager to several natural resource funds. Between 2002 and 2010 he served as a director of Ivanhoe Mines Ltd, which discovered and developed the Oyu Tolgoi mine in the South Gobi Desert of Mongolia, which was acquired by Rio Tinto. Thygesen's particular focus is in financing, valuation and corporate development.