The Board

The Board consists of three executive directors and one non executive director:

Mike Houston - Executive Chairman

Michael Houston is a mining veteran with over 30 years' experience in Africa having worked with companies including Anglo American (Zimbabwe) (Executive roles), Shanta Gold (CEO) and Zimplats Holdings (Chairman/CEO/COO). He has also worked on a consultancy basis supporting a number of companies with various project reviews and due dilligence.

David Facey - Finance Director

David is a Fellow of the Institute of Chartered Accountants of England and Wales and has over 20 years' experience in Corporate Finance and Equity Capital Markets. After working at PwC, David spent 10 years at HSBC Investment Bank, where he specialised in raising funds in the UK for companies all over the world, particularly in the EMEA region.

Throughout his career David has advised governments, large corporates and smaller enterprises on public fund raising, private fund raising and mergers and acquisitions. In addition, David was a founding partner in SP Angel, an investment banking boutique specialising in advising SMEs on raising funds in the London market, both public and private.

Gus Simbanegavi – Chief Operating Officer

Gus is a mining engineer and has extensive experience of working in mining operations in South Africal and Zimbabwe. He has previously worked closely with the Company's Chairman Mike Houston. Importantly, Gus' experience encompasses both small and large scalle mining operations including extensive open cast mining. Gus' initial focus is on increasing production.

Tim Leslie - Non Executive Director

Tim Leslie has worked in the financial markets for over 25 years. He joined Paribas in 1986 and since has worked for JPMorgan, HSBC and then at Donaldson Lufkin & Jenrette (“DLJ”). In 2000, DLJ was bought by Credit Suisse and Tim left to join the hedge fund Moore Capital Management LLC as a portfolio manager. In 2003 Tim launched a new fund at Moore Capital, the Moore Credit Fund, for which he was the Chief Investment Officer. Tim left Moore Capital in 2008 and launched James Caird Asset Management LLP with assets under management of USD3.6bn as at launch. In 2011, Tim founded JCAM investments Ltd to run a family office and make longer term investments. Tim is the Chair of the Audit, Remuneration and Nomination Committees.

The Company Secretary is David Facey.

Kareevlei Mining

Gus Simbanegavi (Chief Executive Officer), David Facey (Chairman) and William van Wyk are directors of the Company's subsidiary, Kareevlei Mining.

William van Wyk – Director, Kareevlei Mining

Kareevlei Mining’s BEE Partner is Ghaap Mining, a company wholly owned by William van Wyk. Mr van Wyk is an experienced diamond mining plant engineer with 26 years service with De Beers. He has particular expertise in the manufacturing, design, and maintenance of diamond recovery machinery and will be actively involved in Kareevlei Mining’s operations.

Gus is a mining engineer and has extensive experience of working in mining operations in South Africal and Zimbabwe. He has previously worked closely with the Company's Chairman Mike Houston. Importantly, Gus' experience encompasses both small and large scalle mining operations including extensive open cast mining. Gus' initial focus is on increasing production levels.