As from 1 February 2017, the Company’s Board comprises three directors, Mr Steve Formica, non-executive Chairman, and non-executive directors Messrs Jerome Vitale and David Palumbo. Details of the Directors are set out below.

Mr Steve Formica

Appointed as a director on 3 January 2017; appointed as non-executive Chairman on 18 January 2017.

Mr Formica brings to the Company practical management and business development experience. He has been a successful businessman and operations manager for over 30 years in a number of privately held business ventures including manufacturing, construction, landscape contracting, property development, and integrated wholesale and retail businesses. More recently he has been a successful investor and non-executive director in mineral resource companies. Mr Formica is currently a non-executive director of ASX listed companies Cabral Resources Limited and Lindian Resources Limited, and formerly chairman of Enerji Limited.

Mr Jerome (Gino) Vitale, B Comm, ACA, FAICD, Sen F Finsia

Appointed as a Director 22 April 2013, Managing Director from 22 April 2013 to 15 February 2017, non-executive Director from 16 February 2017.

Vitale is an experienced mining company executive with wide ranging experience in project development and finance. His achievements in the gold sector include the acquisition, construction an operation of the McKinnons Gold project in Cobar NSW (a 50,000 oz pa low cost open cut operation), execution of numerous gold project financing transactions as a project finance specialist with Standard Chartered Bank group and senior executive responsibilities with the Normandy Mining group prior to its acquisition by Newmont Mining Corporation.

Mr Vitale’s other appointments have included senior roles with a copper production and exploration company, a privately held mining reagents business and principal of a specialist mining corporate advisory consultancy and corporate turnaround situations. He has extensive experience and conducting resource project evaluation and feasibility studies in numerous commodities as head of multi-disciplinary technical teams and has acted as lead advisor to Chinese SOE’s and private sector investment houses in relation to non-ferrous metals project opportunities in Australia and internationally.

Mr David Palumbo, B Com CA

Appointed Joint Company Secretary on 16 December 2016 and a non-executive director on 18 January 2017.
Mr Palumbo has ten years of experience in accounting and financial reporting of ASX listed and unlisted companies, which includes five years as an external auditor. He provides corporate advisory and financial management advice and specialises in corporate compliance, statutory reporting and financial accounting services. He has also been involved in the listing of several junior exploration companies on the ASX.

Mr Palumbo will be responsible for the Company’s corporate compliance, statutory reporting and financial accounting. Mr Palumbo is an employee of Mining Corporate, a specialist corporate compliance advisory firm. Mining Corporate will be paid its usual hourly rates for performing its services.