Board of Directors

Stephen Dattels, Chairman

Stephen Dattels is a seasoned senior mining executive and resource financier who has founded and/or financed numerous mining ventures in several continents in diverse commodities including gold, lithium, uranium, copper, nickel, iron ore, coal and potash with Circum. He is also an active investor in oil and gas exploration in Africa and was one of the founders of two successful private African oil and gas exploration companies, Signet Petroleum Ltd. and Regalis Petroleum Ltd. Mr. Dattels is currently Joint Chairman of Fast Forward Innovations Limited, a director of LSC Lithium Inc. and the Co-Founder of Circum Minerals Ltd.

Mr. Dattels was a senior executive and director of Barrick Gold Corporation during its formative years, when it grew from a capital base of US$10 million to a market capitalization of US$2 billion when he left in early 1987. Since leaving Barrick, notable companies he founded include International Pursuit Corporation, which was active in mineral exploration in Southeast Asia; International Gold Resources Corporation, which developed and sold the Bibiani mine in Ghana; Caledon Resources PLC, which owned and sold the Cook coking coal mine in Australia; Oriel Resources PLC, which developed and sold a nickel and chrome mine in Kazakhstan to Mechel Steel Group for US$1.5 billion; UraMin Inc., an explorer and developer of uranium assets in Africa which was sold to Areva for US$2.5 billion; Polo Resources Limited, a natural resources investment company which has invested in uranium, coal and gold assets in Africa, Australia and Asia; West African Minerals Corporation, an African iron ore development company; and Regent Pacific Group Limited, a natural resources investment company.

Mr. Dattels has also provided directly or indirectly early stage funding for numerous resource companies through various investment vehicles, the most notable of which was Kalahari Minerals PLC which controlled Extract Resources Ltd., which developed the Rossing South uranium deposit in Namibia and subsequently sold the asset to two Chinese Government controlled entities for US$2.2 billion. One of such investment vehicles, Polo Resources Limited also owned 10% of Extract Resources Ltd. during its development stage.

Mr. Dattels is currently active as Chairman of Regent Mercantile Holdings Limited, a private investment company. Mr. Dattels has a Bachelor of Arts degree from McGill University, a law degree (cum laude) from the University of Western Ontario and has completed the program for Management Development at Harvard.

Brad Mills, Executive Director

Brad Mills is Managing Director at Plinian Capital Limited, a private mine investment company. Mr Mills is also currently serving as a non-executive director of West African Minerals Corporation, an iron ore mining and exploration group listed on the AIM market of the London Stock Exchange, and Executive Chairman of Mandalay Resources Corporation, a Canada-based mining company listed on the Toronto Stock Exchange, involved in the discovery, development and production of mineral commodities including gold, silver and antimony in Australia and Chile. Mr. Mills was previously Chief Executive Officer of Lonmin plc, a major platinum and platinum group metals (PGM) producer from 2004 to 2008. Prior to that, he was President at BHP Billiton's Base Metals Division. Mr. Mills is also a former non-executive director of Norilsk Nickel, a major producer of nickel and palladium.

Carlo Baravalle, Non-executive Director

Carlo Baravalle is a founding partner of African Minerals Exploration & Development (AMED Funds –www.amedfunds.com). He leads the structuring, financial and tax aspects of the projects in addition to the structuring and operations of AMED Funds, fund raising and compliance. He is also responsible for the activities and relationships with the fund’s administrators, the custodian bank and the auditors.

After four years of experience in finance with an Italian fashion group, GFT, Mr. Baravalle completed his studies with an MBA at INSEAD. He then spent several years in strategic consulting, working on assignment for many large French conglomerates between Paris and the United States. He then started in the telecoms industry, firstly with BT, starting new ventures outside the UK, and then as a Director of the Corporate Finance Telecoms team at Warburg. Mr. Baravalle then returned to the industrial side of telecoms with a senior global position at Lucent Technologies. At this point in his career he started getting gradually involved with the private equity industry, first taking a senior assignment with a company owned by Apax Partners as MD International and Main Board Member at The Exchange FS, and later as Senior Vice-President for EMEA, Asia and LatAm for LCC, a telecoms engineering company initially invested by the Carlyle Group.

In 2007, together with two partners with an investment banking background, Mr. Baravalle launched a private equity fund of funds aimed mainly at Italian institutional investors, Network Capital Partners. NCP I raised US$150 million for its first fund and has successfully invested in mid-cap and restructuring funds and co-investments globally.

In 2012, Mr. Baravalle left NCP to launch AMED Funds together with his current partners, Rudolph de Bruin and David Twist.

Mike Beck, Non-executive Director

Mike Beck is the founder and Managing Director of Regent Advisors LLC, a corporate finance advisory and investment firm. He has advised on equity and debt financings for private and public companies in the natural resources sector, including Signet Petroleum Limited, West African Minerals Corporation, Polo Resources Limited, Direct Petroleum Exploration Inc., Titanium Resources Group, Copper Development Corporation, UraMin Inc., Diamond Fields International Ltd., Weda Bay Minerals Inc., Regent Pacific Group Limited and CCEC Ltd.

Mr. Beck was a Managing Director at N M Rothschild & Sons (Washington) LLC, a wholly owned subsidiary of N M Rothschild & Sons, with responsibility for the firm's mining, oil and gas advisory and investment activities. Prior thereto, Mr. Beck was the founder and President of Librion Group Inc., a corporate finance boutique. He also was with the International Finance Corporation of the World Bank Group, where he oversaw the structuring and financing of a large number of natural resource projects in Africa. Mr. Beck has also been a founder or co-founder of a number of companies listed on the Canadian, Australian and London stock exchanges. He has an M.S. in Engineering from Princeton University and a B.S. (High Honors) in Engineering from Rutgers University.

John Ian Stalker, Non-executive Director

Ian Stalker is currently the Chairman of TSX-listed Plateau Uranium, Non-executive Chairman at Taia Lion Resources Inc., a privately owned company, and also Chief Executive Officer of K92 Mining Inc., a TSX listed company that is operating a gold mine in Papua New Guinea. He is on the board of directors at Premier African Minerals Ltd. (AIM-listed), Azincourt Uranium Inc. (TSX-V listed) and UrAmerica Plc.

Mr. Stalker is the former CEO of UraMin Inc., the London and Toronto listed uranium company. Mr. Stalker was also a Vice President of Gold Fields Ltd., which at one point was the world’s fourth largest gold producer. He also was a director of ASX-listed Elemental Minerals Ltd., a potash exploration and development company.

Mr. Stalker has more than 40 years of development and operational mining experience in countries across the world. Mr. Stalker was previously employed as Chief Executive Officer & Director by Brazilian Gold Corp., Non-executive Director by Polo Resources Limited, Chief Executive Officer & Non-executive Director by Berkeley Resources Limited, Non-executive Director by Vatukoula Gold Mines Plc, Chief Executive Officer by Andulela Investment Holdings Ltd., Chief Executive Officer by Niger Uranium Limited, Non-executive Director by Regent Pacific Group Limited and a Managing Director by Ashanti Goldfields Co. Limited. Mr. Stalker received his undergraduate degree from the University of Strathclyde.

David Twist, Non-executive Director

David Twist is a founding partner of African Minerals Exploration & Development (AMED Funds –www.amedfunds.com). He leads the internal technical analysis team, working closely with external consultants, responsible for analysing geological, metallurgical and mining considerations and leading to the investment recommendations for AMED Funds. Dr. Twist combines technical expertise with business acumen and is an accomplished and highly experienced PhD geologist who has worked his entire career in Africa.

Dr. Twist completed his doctorate at the University of Newcastle Upon Tyne in England in 1980, following which he joined Impala Platinum Holdings Limited. He later joined the geological research institute at the University of Pretoria and focussed on the Bushveld Complex. Since 1990, he has worked very closely with Rudolph de Bruin and together they have concentrated on mineral exploration opportunities in Africa. Dr. Twist was a founding director of Platmin, Sephaku Holdings and Taung Gold, among others, and has acted both as executive and non-executive director on a number of private and listed companies.

Dr. Twist is a registered member of the South African Council of Natural Scientific Professions, a member of the Geological Society of London and a member of the American-based Society of Economic Geologists.