Board of Directors

Mr Elias Khouri

Non-Executive Chairman

Mr. Khouri has been involved in international financial equity markets since 1987 through his involvement in a wide range of companies listed on the ASX, AIM, TSX, NYSE, NASDAQ, and/or the Frankfurt Stock Exchange.

Through Mr. Khouri’s extensive experience in the equity markets he has developed expertise in corporate finance, advisory, capital raisings, joint venture and farm-in negotiations for both listed and unlisted companies.

Mr Khouri has provided advisory services to a number of companies across a breadth of industries ranging from Bio-technology, funds management, telecommunications, media and entertainment, and the mining industry.

Mr Michael Povey

Non-Executive Director

Mr Povey is a mining engineer with over 34 years worldwide experience in the resource sector. This experience has encompassed a wide range of commodities and included senior management positions in mining operations and the explosives industry in Africa, North America and Australia. During this time he has been responsible for general and mine management, mine production, project evaluation, mine feasibility studies and commercial contract negotiations.

Mr Justin Dibb

Non-Executive Director

Mr. Justin Dibb studied Law, Banking and Finance in Queensland Australia, following which Justin was employed by HSBC (HSBA:LON) in an advisory capacity. Justin has significant experience in the mining and petroleum sectors and an in-depth understanding of corporate governance, regulatory and compliance matters. Justin has a strong record in management, transaction structuring and management of transaction processes.

In 2011, Justin was a founding director and is the Chief Executive Officer of Allied Resources Limited, a diversified resources company focused on acquiring exploration and development assets in Africa. Allied Resources holds assets in Tanzania and Ethiopia and is focused on the development of large scale commercial gold and copper mining operations. Justin manages a team of technical and operational professional.

In 2004 Justin was a founding director of Dominion Petroleum Limited (DPL:LN), during his tenure as Commercial Director, Managing Director and Chief Executive Officer, Justin acquired petroleum assets across Africa. Dominion held assets in Tanzania, Uganda, Kenya and the Democratic Republic of the Congo. Dominion was listed on the AIM market of the London Stock Exchange in 2006 with a market capitalisation of US $240 million. Justin was instrumental in raising circa US $140 million for Dominion during his tenure to fund exploration and drilling operations. Justin resigned as Chief Executive Officer in 2010, ahead of completion of the takeover of Dominion by Ophir Energy PLC (OPHR:LON) for US $186 million.

Justin was also the founding director and shareholder of Incipient Holdings Limited, a boutique merchant banking firm with investments spanning technology, telecommunications, financial services, mining and petroleum across Africa, Asia and Australia. Justin has raised and advised on over $1.6 billion worth of equity, debt and convertible transactions in his career.

Mr Phillip Shamieh

Non-Executive Director

Phillip holds a Bachelors of Commerce Degree and a Postgraduate Degree in Applied Finance and Investments from the Securities Institute of Australia. He is an international mining and resources executive with extensive experience in research, operations, financial management and reporting, business development and strategy, merger and acquisitions.

Phillip has been the Founding Director and Chief Financial Officer of Allied Resources Limited since 2011, a diversified mining company that holds assets in Tanzania and Ethiopia and is focused on the development of large scale commercial gold and copper projects. He was previously the Managing Director and Head of Natural Resources for Clarksons Investment Services, a subsidiary of the world’s largest integrated supplier of shipping services, Clarksons plc. Phillip has also been involved with TFS Corporation (TFC.ASX), an ASX300 listed company, for a period of 7 years in various capacities including strategic advisor, CEO and director of their subsidiary, Gulf Natural Supply. At TFS he was instrumental in helping restructure their balance sheet, which included a successful US$150m Senior Secured note and has secured more than US$350m from global institutional investors for Australia’s largest privately funded irrigation project. Phillip started his career in 1997 for Nestle (NESN:SIX) and worked in finance, sales and marketing, operations and demand forecasting roles.

Phillip was also the founding director and shareholder of Incipient Holdings Limited a boutique merchant banking firm with investments spanning technology, telecommunications, financial services, mining and petroleum across Africa, Asia and Australia. Phillip is regarded for his capital markets and supply chain expertise has an in-depth understanding of corporate finance and strategy. He has raised and advised on over $2billion worth of equity, debt and convertible transactions in his career.

Mr Vince Fayad

Executive Director

Mr Fayad is a Chartered Accountant and has had approximately 30 years of experience in Corporate Finance, accounting and other advisory related services. He is also a registered company auditor and tax agent. Over the last 15 years, Mr Fayad has spent a significant amount of time advising on various transactions that are related to the mining industry. Mr Fayad also served as Managing Director of the Company for the period 31 December 2008 to 6 November 2009.

Mr Fayad previously was the non executive Chairman of BioProspect Limited (ASX: BPO), non executive director of Esperance Minerals Limited and executive director of Ashley Services Group Limited (ASX: ASH). Additionally, he was formerly a non-executive Chairman for an Australian listed company, Metalbank Limited (ASX:MBK) and executive Director of Global Strategic Metals NL (ASX:GSZ) where he undertook a number of positive initiatives.