The Team

Michael Masterman

Michael Masterman

Chairman

Michael is co-founder of W Resources Plc and has an exceptional track record in establishing and financing new resources companies. In 2010, Michael took on an Executive role with Fortescue Metals Groups overseeing the FMG Iron Bridge iron ore company and completed the US$1.15bn sale of a 31% interest in the project to Formosa Plastics Group. He was CFO and Executive Director of Anaconda Nickel (now Minara Resources). Michael oversaw the financing of the US$1.2 billion Murrin Murrin Nickel and Cobalt project in Western Australia, involving the negotiation of a US$220m joint venture agreement with Glencore International and the raising of US$420m in project finance from a US capital markets issue - the first of its kind for a green fields mining project. Prior to joining Anaconda Nickel, he spent 8 years at McKinsey & Company serving major international resources companies principally in the area of strategy and development. He is a founding shareholder at Fortescue Metals Group, Po Valley Energy and Atacama Metals.

Byron Pirola

Byron Pirola

Non-Executive Director

Managing Director of Port Jackson Partners Limited, a Sydney based strategy management consulting firm. Prior to joining Port Jackson Partners in 1992, Byron spent six years with McKinsey & Company working out of the Sydney, New York and London Offices and across the Asian Region. He has extensive experience in advising CEOs and boards of both large public and small developing companies across a wide range of industries and geographies. Byron is a Non-Executive Director of Po Valley Energy Limited.

David Garland

Non-Executive Director

David is the former General Counsel, Secretary and Chief Compliance Officer of Dominion Petroleum Limited (an oil and gas exploration company then listed on the LSE). Before joining Dominion, he had practised as a barrister for 18 years from Brick Court Chambers, a leading commercial barristers’ chambers in London. David was a founder, and is currently a director, of Atacama Metals Holdings Limited, a private Hong Kong registered copper exploration company, with mining interests in the Atacama Desert in Chile. He is also the Legal Advisor to Hague and London Oil plc (an oil and gas exploration company listed on the LSE).

Fernando de La Fuente

Fernando de la Fuente

Technical Advisor

Fernando holds a B.Sc. in Geology and a MSc in Geology from the University of Granada in Spain and has over 42 years experience in the Exploration and Mining Geology industry in Europe, Africa and North America and Latin America. He is also a member of the Spanish College of Geologists (Number 49), the Spanish Society of Mineralogy, founder member of the Spanish Society of Geology, member of the Spanish Association of Applied Geology to Mineral Deposits, member of the Society for Mining, Metallurgy and Exploration, Inc., member of PDAC. He is Managing Director and main shareholder of Fernando de la Fuente Consultores, S.L. a mining exploration and geological consulting company with projects in Burkina Faso, Canada, Dominican Republic, Morocco, Portugal, USA and in Spain for several international and Spanish companies and for gold, PGM, base metals, tungsten, tin, tantalum-lithium-caesium, iron ore, uranium, industrial minerals, dimension stones. Hydrogeological projects. Geotechnical studies. He was the Regional Manager for Anglo American Corporation of South Africa in West Africa and has also worked for Rio Algom and Phelps Dodge. Fernando is a “qualified technical person” in respect of the AIM Rules for Companies.

The Board of Directors

The Board of Directors is currently composed of three members; one Executive Director and two Non-Executive Directors, including the Chairman Michael Masterman. Each of the Directors has a wealth of minerals exploration and development experience. The structure of the Board ensures that no one individual or group dominates the decision-makng process.

The Audit Committee

The Audit Committee, intends to meet no less than twice a year and considers the Group’s financial reporting (including account policies) and internal financial controls. The Audit Committee will be responsible for ensuring that the financial performance of the Group is properly monitored and reported on. The Committee intends receive reports from management and external auditors as required.

The Remuneration Committee

The Remuneration Committee comprising the Non-executive Directors, meets at leat once a year and is responsible for making recommendations to the Board of Directors, on senior executives remuneration. Non-executive Directors’ remuneration and conditions of engagement are considered and agreed by the Board. Financial packages for Executive Directors are established by reference to prevailing market conditions and performance of each executive director.