The Board will establish an audit committee and a remuneration committee. The audit committee will meet at least twice each year and is responsible for ensuring the integrity of the financial information reported to shareholders and internal control systems. This committee, which will be chaired by the Chairman and include John Watkins provides an opportunity for reporting by the Company’s auditors. The remuneration committee, which will be chaired by the Chairman and includes John Watkins and Robert Weicker will meet at least once each year to determine the terms of employment and total remuneration of the executive Directors, including the granting of share options or participation in other incentive schemes. The objective of this committee is to attract, retain and motivate executives capable of delivering the objectives of the Company.

The Company will ensure, in accordance with and subject to the provisions of Rule 21 of the AIM Rules, that the Directors and applicable employees shall not deal in any of the Ordinary Shares during a close period (as defined in the AIM Rules) and will take all reasonable steps to ensure compliance by the Directors, and applicable employees with this Rule 21.


Andrew Bell, MA, LLB, FGS, Chairman
Andrew Bell began his career as a natural resources analyst at Morgan Grenfell & Co. in the 1970s. His business experience encompasses periods in fund management and advisory work at leading financial institutions, international corporate finance work, and private equity. Andrew Bell’s listed company directorships are Regency Mines Plc (Chairman), Greatland Gold Plc (Chairman), Jupiter Mines Ltd (Director) and Resource Star Ltd (Director).

John Watkins, FCA, Non-executive Director
John Watkins is a chartered accountant and a former partner of Ernst & Young and Neville Russell. He is a director of Starvest plc, a substantial shareholder of Regency Mines Plc, the Company’s controlling shareholder. In addition, he is a director of Regency Mines Plc and Greatland Gold Plc. All of Starvest Plc, Regency Mines Plc and Greatland Gold Plc are listed on AIM. He is Chairman of Lisungwe Plc, a mineral exploration company and of Equity Resources Plc, a shareholder of Red Rock Resources Plc; both companies are listed on PLUS Markets.
 

Robert Weicker, BSc, PGeo, Non-executive Director
Robert Weicker has over 25 years in the mineral exploration and mining industry, from greenfield exploration to production. He worked early in his career with Noranda, and then with Lac Minerals, becoming Chief Geologist of the Williams Mine, the largest gold mine in Canada, in 1988. His experience since includes development of zinc and gold mines, serving as director of several junior Canadian companies, and authoring feasibility and valuation reports. He is currently President and CEO of Silver Quest Resources Ltd.

Michael Nott, BSc, MSc, FIMMM, FIQ, FMES, Non-executive Director
Michael Nott brings 34 years of geological, engineering and management experience to the company, including ten for Roan Consolidated Mines and other companies in the Zambian mining industry. He moved into the management of aggregate quarrying operations and then to senior roles in the aggregate and industrial minerals sectors, for companies including ARC Southern Ltd and Hills Aggregates Ltd. He is currently CEO of private company Magyar Mining Plc, and Managing Director of AIM-listed Alba Mineral Resources Plc.

Manoli Yannaghas, BA, Director
Manoli Yannaghas is a former financial analyst working with international financial consultancy. Experienced with small companies including operations and corporate finance. For the past ten years he has worked in various operational capacities within small and medium sized businesses. Manoli has experience with team building and management, fund raising as well as other areas of corporate finance. He currently sits as Non-executive Director on a number of small fast growth companies. He is an ex Director of ASX-Listed Resource Star Ltd.