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Directors & senior management

Non-executive chairman

Michael Martineau, MA, D.Phil, FIMMM, age 62, is non-executive chairman. Following a first class honours degree and a Doctorate in Geology from Oxford University, he has had 30 years experience in the mining and minerals industry. He was in charge of global exploration for BP Minerals International later becoming exploration director of its Australian listed subsidiary, Seltrust. In 1987, he joined Cluff Resources PLC, as director minerals and managing director of Cluff Mineral Exploration Limited. In 1989 he founded Samax Resources, which he listed on the Toronto Stock Exchange in 1996 and which was acquired by Ashanti Goldfields in 1998 for US$140 million.

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Managing director & CEO

Christian Schaffalitzky, BA (Mod), FIMMM, PGeo, CEng, age 53, appointed 2 October 2002, is managing director and CEO. With over 25 years experience in minerals exploration, Christian Schaffalitzky was a founder of Ivernia West Plc, where he led the exploration, discovery and development of the Lisheen world class zinc deposit in Ireland. Most recently, he was managing director of Ennex International Plc, an Irish quoted mineral exploration company, focused on zinc development projects. He has also been engaged in precious and base metals minerals exploration and development in Russia and the Former Soviet Union.

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Non-executive Director

Gary FitzGerald, aged 53 is a non-executive director. He was previously a director of Framlington Investment Management and has over 28 years experience in investment management. He has diversified into investing into investing in emerging markets including the launching of the first fund for investing in Russia in the early 1990s.

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Chief Financial Officer

Michael de Villiers, B Comm., PA(SA), age 44, is the chief financial officer. Mr de Villiers qualified as a professional accountant with Ernst & Young in Cape Town and gained some fourteen years experience as financial manager at various mining and chemical operation in Namibia, Botswana, South Africa, Ghana and Bulgaria before moving to London in 1999 to become the finance director of Navan Mining Plc and then Oxus Mining Plc.

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Operations Manager

William Anderson, M Sc, B Sc, FAus IMM, age 57, is exploration manager. During over 20 years with WMC Resources, he rose from chief geologist at Hill 50 Gold Mines and the Emperor Gold Mines in Fiji to occupy the post of general manager at Emperor and subsequently general manager at Kalgoorlie Gold Operations and Kambalda Nickel Mines, in Western Australia and finally chief executive-Brazil. He joined the company in 1997, and has since had responsibility for the development of its platinum group metals projects in Russia.

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