Corporate Directory

Directors

John LANDERER, CBE AM (non-executive chairman of directors) Appointed as director and non-executive chairman on 11 October, 1995. A qualified lawyer - LL.B., Sydney University. Senior partner of Sydney solicitors, Landerer & Company. Chairman of directors of National Hire Group Limited and a director of a number of other prominent private family companies. Beneficially holds 2,000,000 fully paid ordinary shares in the capital of the Company and has an indirect interest in 3,000,000 unquoted options over unissued ordinary shares in the Company.

Albert G. HARRIS (non-executive director) Appointed a director on 11 October, 1995. Member of the Institute of Measurement and Control. Has been involved in the international petroleum and mineral resources industries for 50 years. Has had senior management responsibility for exploration operations and the development of petroleum and mineral projects in Australia, the Middle East, West Africa and the USA. Director of Takoradi Gold NL and Pan Palladium Limited. Beneficially holds 300,000 fully paid ordinary shares in the capital of the Company and 3,000,000 unquoted options over unissued ordinary shares in the Company.

Robert B. LEECE, AM RFD (non-executive director) Appointed a director on 7 August, 2002. A civil engineer with extensive experience in project management and construction, both in the private and public sectors. Formerly director general of the Olympic Co-ordination Authority and chief executive of the Olympic Roads and Transport Authority for the 2000 Sydney Olympic Games. He was also chairman of the Southern Sydney Recovery Task Force to co-ordinate and manage the damage from the 1999 Sydney hail storms. A trustee of the Sydney Opera House Trust and a member of a number of NSW state government boards. Has been involved as a director of several public and private development companies including Abigroup and Merlin International Properties, having previously spent 13 years with the NSW Department of Main Roads on road and freeway construction and transport operations. Indirectly holds 8,040,900 fully paid ordinary shares in the capital of the Company.

John M.E. PERCIVAL (executive director operations) Appointed a director on 11 October, 1995. Has been involved in investment and merchant banking for over 25 years including 15 years as investment manager of Barclays Bank New Zealand Limited. Has had extensive experience in stockbroking, corporate finance and investment management. Indirectly holds 900,000 fully paid ordinary shares in the capital of the Company and 3,000,000 unquoted options over unissued ordinary shares in the Company.

Terence V WILLSTEED (non-executive director) Appointed a director on 20 July, 2004. Mr Willsteed is a mining engineer who has, since 1973, been the principal of consulting mining engineers Terence Willsteed & Associates. His forty-year career in the mining industry has included senior line operational and engineering positions with Zinc Corporation, Mount Isa Mines Limited and Consolidated Goldfields Limited. In his consulting experience Mr Willsteed has been involved in the assessment and development of a wide range of mineral, coal and oil shale projects, and has participated in the management of developing and operating mineral projects both in Australia and internationally. He holds a Bachelor of Engineering (Mining) Honours and Bachelor of Arts from the University of Queensland. Mr Wilsteed is also a director of Climax Mining Limited and Kimberley Oil NL

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