Proactiveinvestors Australia

Cooke Underground Operations Profile

The primary mining horizons at Cooke Underground are the upper Elsburgs and VCR reefs. These reefs are hosted in a stacked package with reef thickness increasing from west to east across the lease area. While these ore bodies have been mined for 20 to 30 years, the previous owners have deployed a range of modern exploration and resource development tools designed to significantly expand the life of these operations.

The Cooke mines are shallow (~1,000 meters), safe and efficient, with limited seismicity or heat challenges. Ongoing exploration and resource development work, undertaken by our focused management team, has indicated that much of the Cooke Underground resource potential is not yet fully understood. It presents numerous life extension opportunities that justify significant exploration attention.

The Cooke 1, 2 and 3 mines are serviced by a developed network of mining and civil infrastructure, with adequate electrical power and water readily available. The underground ore bodies are exploited by means of conventional hard rock mining methods involving drilling, blasting, scraping, tramming and hoisting.

Dump 20 and the Cooke Plant

Dump 20 was created as a result of stamp milling technology that was employed at the Millsite Gold Plant, which was commissioned in 1911. The battery of stamp mills could not fine grind the ore to effectively extract all the contained gold, and this resulted in the creation of Tailings Dam 20. Today the Randfontein Surface Operations process Dump 20 at a typical rate of 300,000 tonnes per month  and produces some 32,000 ounces per annum.

Reclamation of this sand dam will reduce by the end of 2012, whereupon the Dump 20 sand and slime resource will be processed through the Cooke Plant.  The Cooke Plant will be upgraded during 2012 to increase feed throughput to 400,000 tonnes per month.

The Cooke Plant was constructed in 1978 and initially treated the high grade ores from the adjacent Cooke shafts. The plant has a nameplate capacity of 280,000 tonnes per month for underground ores.

In 2005, the high grade gold-bearing ore from the Cooke shafts was diverted and treated at the Doornkop Plant – which presented a volume economy of scale benefit. The mills at the Cooke Plant were subsequently converted to treat the sand from Tailings Dam 20, however, two mills remain available to treat the underground ore should such be required.

Modder East Profile

Gold One’s flagship operation is the Modder East mine; the first new mine to be built in South Africa’s gold-rich East Rand region in 28 years. With a currently defined ore reserve of 1.53 million ounces at 4.0 grams per tonne and a 13-year life of mine, Modder East’s target reefs are located no deeper than 500 metres below surface. The mine’s shallow resources allow for trackless mine infrastructure where the underground orebody is accessed via a decline. Dedicated trucks transport rock out of the mine while a vertical shaft provides quick face access for personnel.

Modder East’s first 240 ounce gold pour took place in July 2009. The mine’s first tonne of gold was poured in May 2010, only 10 months after its commissioning. At the end of the 2010 financial year, which marked only one year since Modder East had declared continuous and commercial production, the mine recorded a maiden profit of A$ 19.35 million before taxation.

The mine’s low 2010 cash costs of US$ 484 per ounce were attributable to mechanised off-reef development and in-stope hydropower drilling. The use of hydropower also enables safer and more efficient working conditions as well as electricity savings.

The Modder East Operation exceeded its public production guidance targets for all four quarters of 2011. The increased group production output of 123,179 ounces, reflecting an 85% increase on the previous financial year, is testament to our capable and dedicated operating teams that have continued to successfully deliver according to mine plans. In addition to significantly improving on last year’s output, the company has also maintained its proud safety record ending the 2011 year with a lost-time injury frequency rate per 200,000 hours (“LTIFR”) of 0.54, which is better than the Australian industry benchmark LTIFR of one for underground mines.”

Modder East Resources and Reserves

1Modder East Consolidated Mineral Resource Table

                                                            Tonnes      Grade              Gold Content
                                                             (Mt)           (g/t)                (Moz)
Measured
BPLZ + Channel Facies2,6                0.54          14.93              0.26
Total Measured                                   0.54          14.93              0.26
Indicated
BPLZ + Channel Facies2,6                 7.02          5.18                1.17
Black Reef Channel Facies3              19.98         1.39                0.89
UK9a4,6                                               3.45          4.03                0.45
Total Indicated                                    30.45        2.56                2.51
Total Indicated and Measured            30.99        2.78                2.77
Inferred
BPLZ + Channel Facies2                     1.50          3.13               0.15
Black Reef Channel Facies3                8.77          0.76               0.22
UK9a4                                                   3.97          3.03               0.39
UK5a5                                                   9.41          1.82               0.55
Total Inferred                                        23.65       1.81               1.31
Total Resource                                       54.64      2.32              4.08

1Resources are reported in accordance with SAMREC guidelines (estimates would be identical if reported in accordance with JORC standards)

2 Signed-off by Glanviile Consulting, independent resource consultants to Gold One, audited by SRK Consulting, quoted at a cut-off of 171 cmg/t.

3 Signed-off by Glanviille Consulting, independent resource consultants to Gold One, audited by SRK Consulting, quoted at a cut-off of 260 cmg/t.

4Signed-off by Minxcon, independent resource consultants to Gold One, audited by SRK Consulting, quoted at a cut-off of 119 cmg/t.

5Signed-off by Minxcon, independent resource consultants to Gold One, audited by SRK Consulting, quoted at a cut-off of 496 cmg/t.

6Mineral resources are quoted inculsive of mineral (ore) reserves.

Modder East Consolidated Mineral (Ore) Reserve Table3

                                                                  Tonnes     Grade     Gold Content
                                                                   (Mt)          (g/t)        (Moz)
Proved
BPLZ + Channel Facies1                          0.30        11.75     0.11
Total Proved                                              0.30        11.75     0.11
Probable
BPLZ + Channel Facies1                           5.74       4.76       0.88
UK9a2                                                         2.76       3.89       0.35
Total Probable                                            8.50        4.48      1.23
Total Reserve                                             8.80        4.73       1.34

1 Audited by SRK Consulting, quoted at a cut-off of 188 cmg/t.
2 Audited by SRK Consulting, quoted at a cut-off of 179 cmg/t.
3 Ore reserves are reported in accordance with the SAMREC guidelines (estimates would be identical if reported in accordance with the JORC standards)

East Rand Boundary Project
Key Statistics
Location                                     25 kilometres south-east of Johannesburg, East Rand Goldfield
Comprises                                 New Kleinfontein, Turnbridge and Modder North properties
Targets                                      Main Reef
Resource Depth                        Surface - 600 metres below surface
Status                                       Pre-feasibility study

East Rand Boundary Project Profile

The East Rand Boundary Project considers the shallow portions (less than 500 metres below surface) of Gold One’s Modder North and New Kleinfontein and Turnbridge properties, where the Main Reef has previously been selectively mined.  During 2010, Gold One primary focus was to gain access to the underground workings in these areas to confirm the extent of historic mining. Selective re-sampling was also conducted in order to confirm historic sampling databases.

Modder North Profile

At Modder North, 1,503 samples were collected from historic underground workings during 2010. This data was used to verify historic sampling results and refine existing geological models and is currently being used to determine resources for Modder North. Once a resource has been declared, it will represent the first resource declared over Modder North by Gold One.

A surface exploration programme is currently also being carried out on Modder North, following the identification of a prospective down-dip extension to the mined out areas of the property. The targeted Main Reef occurs at depths of between 300 metres and 700 metres below surface and the preliminary drilling programme, which comprises of four boreholes, was completed during the March quarter of 2011. Modder North’s prospecting right also includes the adjacent Holfontein area.

New Kleinfontein and Turnbridge Profile

Resampling at the Turnbridge property collected in excess of 2,000 samples for 567 complete sample sections. This information has been used to update geological models and resource estimates.

A resource estimate for Turnbridge was completed during the December quarter of 2010 and is currently being updated by SRK Consulting (SA) (Pty) Limited. On the basis of the updated resource, a pre-feasibility study for Turnbridge will be finalised. This will also form the basis of an application for a mining right over the area.

East Rand Boundary Project Resources

East Rand Boundary Project1,2
                                                            Tonnes     Grade     Gold Content             
                                                            (Mt)          (g/t)         (Moz)
Inferred
New Kleinfontein and Turnbridge      4.27          6.00        0.83
Total Inferred                                     4.27         6.00        0.83

1 Signed-off by Camden Geoserve, independent resource consultants to Gold One, audited by SRK.
2 Mineral resources are reported in accordance with the SAMREC Code and would be identical if reported in accordance with the JORC Code.

Ventersburg

Key Statistics

Location                    Free State Goldfield, Free State Province, South Africa
Targets                     A Reef Horizon
Resource Depth      350 - 1,100 metres below surface
Status                      Pre-feasibility study

Ventersburg Profile

The A Reef Horizon forms the primary target at Ventersburg and extends from a depth in the indicated resource area of approximately 350 metres to 1,100 metres below surface at an average dip of 17° to the north-west. Surface exploration drilling is currently under way at the project with the aim of delineating the shallow (less than 300 metres below surface) south-eastern limit of the orebody as well as the eastern limit of the modelled higher grade payshoot area.

A pre-feasibility study for Ventersburg was completed during the 2011 March quarter and is currently being reviewed by Turgis Consulting (Pty) Limited. Turgis Consulting’s review of the study is due to the potential impact of the recent shallower reef intersections in the eastern portion of Ventersburg.

Ventersburg Resources

Ventersburg Consolidated Resource Table1,4

                                                             Tonnes     Grade     Gold Content
                                                             (Mt)           (g/t)         (Moz)
Indicated2                                           20.42        3.70        2.45
Inferred3                                              13.44        3.31        1.44
Total Indicated and Inferred4            33.86        3.55        3.89

1 Signed-off by Dr I C Lemmer, independent resource consultant to Gold One, audited by SRK Consulting (SA).
2 Quoted at a cut-off of 250 centimetre grams per tonne. 
3 Quoted at a cut-off of 350 centimetre grams per tonne.
4 Mineral resources are reported in accordance with the SAMREC Code and would be identical if reported in accordance with the  JORC Code.

Tulo

Key Statistics

Location         Northern Mozambique
Status            Greenfield exploration

Tulo Profile

The Tulo project is situated 20 kilometres south of the Tanzanian border in north-western Mozambique. Two types of gold mineralisation are recognised on the property, namely, primary gold mineralisation associated with steeply dipping shear hosted quartz veins, and alluvial gold. While the alluvial gold has been mined historically on a small scale by artisanal miners, the economic mineral potential of the primary mineralisation has been largely unexplored on the property.

Gold One’s exploration strategy for Tulo has a dual focus; one being for the alluvial gold deposits and the other for the primary mineralisation. However, initial exploration will be aimed at delineating economically viable alluvial gold mining areas. It is envisaged that gold production from alluvial gold mineralisation will generate short term cash flows to fund the exploration activities associated with primary mineralisation.

Gold One is currently focussed on evaluating the potential alluvial resource with a view to undertaking trial mining on the defined resources.

Etendeka

Key Statistics

Location                     North-western Namibia
Status                        Greenfield exploration

Etendeka Profile

Gold One’s Etendeka project in Namibia is a greenfield project hosting a potential iron oxide-copper-gold deposit. Prior to 2010, the company undertook a regional soil sampling programme coupled with the interpretation of regional geophysical surveys. This facilitated the definition of priority target areas. During 2010, infill soil sampling over these target areas was undertaken with a view to define potential drill targets.

Currently, detailed surface mapping of the prioritised area is underway, coupled with exploration drilling.

Cooke Tailings Dam Profile

The Cooke Tailings Dam was first established in 1976. Since then it has been receiving slimes from material mined from the Cooke 1, 2 and 3 shafts.  These shafts exploit the Elsburg and Kimberley reefs of the Witwatersrand Supergroup.  These reefs have demonstrated the greatest economic importance and are associated with the highest U3O8 and Au grades.

Cooke Uranium Project

An advanced, permitted, brownfield development project which is currently ready to commence its construction phase, but is the subject of a detailed review. The Cooke Uranium Project involves the construction of a plant for the processing of uranium and gold from surface tailings deposits (Cooke Tailings Dam) and ores milled from underground shafts.

The most significant aspect of the development of the Cooke Uranium Project is the construction of a new uranium processing plant and support infrastructure. The new plant will have the capacity to treat uranium containing ores from low risk surface and underground resources, and is expected to produce between 2.3 and 2.4 mlbs per year of U3O8. Construction is expected to commence in 2013 with a 24-30 month period to the commissioning of the plant.

The new uranium plant is expected to receive ores recovered from the Cooke Tailings Dam via  hydraulic recovery methods and pumped 2 km overland to the new uranium plant. The Cooke tailings material has an average grade which is approximately three times higher than other surface resources on the West Rand. Based on detailed drilling and completed metallurgical work , the grades recovered from the Cooke Tailings Dam are expected to be very consistent . The Cooke Tailings Dam contains 83mt of ore and will operate for nearly 17 years before further feedstocks are required.

With the commissioning of the uranium plant in 2015, expansion of underground mining to recover high grade uranium ores in parallel with existing, gold-only operations. The recovery of uranium from underground ore will work with established infrastructure, making the risks associated with this project much lower than with a green field development project.  Based on a recent detailed resource and mine plan study of a select area of Cooke 3, it is estimated that the underground mine will contribute approximately 10% of the plant feed. The mining will concentrate on maximising the grade of uranium recovered, with the ores also containing approximately 3g/t of gold. Current research indicates that mining of these high grade uranium ores can continue for at least 10 years on the Cooke 3 mine with additional potential at Cooke 2 mine

Millsite Tailings Complex

Beyond the Cooke Tailings Dam, the Company owns significant additional surface resources containing uranium and gold, including the Millsite Tailings Complex. These additional resources provide the opportunity to undertake incremental expansions of the Uranium Project to treat additional feedstock, should we choose to bring them into production in the future. A pre-feasibility study on treating lower grade uranium feed material has been completed.

(Moz)
MILLSITE                 MILLION       RESOURCE                   Grade       Contained      Grade     Contained
COMPLEX                 TONNES       CLASSIFICATION       (kg/t)        (Mlbs)            (g/t)        (Mlbs)
              
Millsite Complex      15.72             Measured                        0.067       2.32              0.298     0.15
-Dump 38

Millsite Complex      77.27             Measured                       0.045        7.67              0.278     0.69
-Dump 39

Millsite Complex     74.47              Measured                       0.049        8.04              0.278     0.67
-Dump 40/41

Total / Average     167.47             Measured                       0.049       18.03             0.280     1.51

Resources quoted represent total contained (dry) dump resources. No economic cut-offs have been applied.

SAMREC compliant mineral resource estimate as of June 2007 by Venmyn Rand.

Old 4 Tailings Dam

Beyond the Cooke Tailings Dam, the Company owns significant additional surface resources containing uranium and gold, including the Old 4 Tailings Dam. These additional resources provide the opportunity to undertake incremental expansions of the Uranium Project to treat additional feedstock, a pre-feasibility study on treating lower grade uranium feed material has been completed.

                                                                                                          U308     Au

OLD 4                     MILLION     RESOURCE                 Grade    Contained     Grade   Contained
TAILINGS DAM     TONNES     CLASSIFICATION      (kg/t)    (Mlbs)          (g/t)      (Moz)

Old Dump No. 4      55.46           Measured                    0.078     9.54           0.30      0.54

Resources quoted represent total contained (dry) dump resources. No economic cut-offs have been applied.

SAMREC compliant mineral resource estimate as of June 2007 by Venmyn Rand.

Randfontein Surface Project Profile

Build an independent low risk surface retreatment business, by exploiting the low risk, high margin characteristics of the Cooke Surface Asset base, positioning the company to consolidate uranium production on the west rand.

Board of Directors

Yalei Sun
Non-Executive Chairman

Mr Sun is a director of the CITIC Group, assistant to the CEO of the CITIC Group and vice chairman and CEO of the CITIC Guoan Group.  Mr Sun is also vice chairman of Baiyin Nonferrous Group Co. Limited and was a graduate of the People's University on Industry and Economic Management.  Mr Sun was also previously CEO and vice chairman of CITIC Guoan Information Industry Co. Limited.


Neal Froneman
Chief Executive Officer

Neal is a registered professional engineer who holds a South African Government Mine Manager’s Certificate of Competency (Metalliferous), and a South African Government Mine Engineer’s Certificate of Competency. He has over 30 years experience in the mining industry. He was appointed CEO of Aflease Gold & Uranium Resources in April 2003 and was primarily responsible for the creation and development of Uranium One until his resignation in February 2008. During this period Neal was CEO of both Aflease Gold and Uranium One. Prior to joining Aflease Gold, Neal was vice president and head of operations at Gold Fields. He has also held management and executive positions at Harmony Gold and JCI, among others. Neal serves on the Health, Safety, Environment and Sustainable Development


Christopher Chadwick
Chief Financial Officer

Christopher, who completed his articles at Deloitte, worked at an investment holding group prior to joining Aflease Gold as CFO in July 2008. Christopher has held executive positions in a wide range of industries, including the information technology and fast moving consumer goods industries, and has worked with both South African companies and multinationals.


Barry Davison
Independent Non-Executive Director

Barry is one of the pre-eminent mining executives in Southern Africa with over 40 years’ experience in the industry. He served as director of several companies, including Anglo American and Nedbank Group, and chaired Anglo American Platinum from 2001 to 2006. Barry serves as a member of the Corporate Governance and Nominating Committee and is the chairman of the Remuneration Committee.
 

Michael Solomon
Independent Non-Executive Director

Mr Solomon has 31 years professional experience as a mining engineer in gold, platinum, diamonds and base metals and some 17 years as a consulting engineer with SRK Consulting, EL Bateman and The Mineral Corporation.  From 1992 to 1994, he was a member of the African National Congress Minerals and Energy Group and after the 1994 elections he served as Senior Policy Analyst and Head of Minerals Policy with the Minerals and Energy Policy Center.  He was CEO of Wesizwe Platinum Limited from 2004 and retired in 2010.


Mark Wheatley
Independent Non-Executive Director

Mark was managing director and CEO of BMA Gold, the predecessor company to Gold One International, from July 2006 up to May 2009. Prior to BMA, Mark served as CEO of Southern Cross Resources from September 2003 to December 2005 and chairman from June 2004 to December 2005, at which time the company merged to create Uranium One. Mark served as a non-executive director of Uranium One until the end of 2010. Prior to 2003, Mark was general manager corporate development for Aurion Gold (previously Gold Fields) and, prior thereto, he served as senior vice president within the global mining team of Bankers Trust Australia. Mark started as a trainee for BHP at Port Kembla Steelworks in 1979 and worked in a number of technical and commercial roles with BHP through to 1996. Mark also served as non-executive director of St Barbara from November 2003 to August 2006 and was appointed a non-executive director of Norton Gold Fields in March 2010 and then non-executive chairman from July 2010. At Gold One he serves as chairman of the Corporate Governance and Nominating Committee and is also a member of the Remuneration Committee.


Kenneth Winters
Independent Non-Executive Director

Kenneth was appointed on 2 August 2005 as a director of BMA Gold. He has held positions at an operational level and in finance and commercial aspects for a number of listed mining companies since 1979. Kenneth formerly held the position of CFO for Highlands Gold as well as CFO and company secretary for Mt Lyell Mining and CBH Resources. Kenneth serves as chairman of the Audit Committee and is a member of the Remuneration Committee.


Allan Liu
Independent Non-Executive Director

Mr Liu is a Managing Partner of PAG Capital and has over 25 years experience in advising and executing investments in China, particularly in the consumer and retial sectors.  Prior to working at PAG Limited, Mr Liu worked with American International Group, Inc. ("AIG") from 1995 and was the President and co-Founder of the China Retail Fund (co-sponsored by AIG).  From 1981, Mr Liu advised on entry strategies into China to many of the world's leading multinational companies such as Proctor & Gamble, American Standard, Revlon and Prologis and he has been instrumental in executing onver US$2 billion in foreign direct investments.  Mr Liu's private equity investment experience started in 1991, where he was an adviser to the Blackstone Group for its China expnasion strategy.  In addition to sitting on the Baord of several portfolio companies, Mr Liu is also a founding Board Member and Vice Chairman of Beijing Private Equity Association.


Robert Chan
Independent Non-Executive Director

Mr Chan is an experienced banker with over 37 years experience in both commercial and investment banking having worked in London, Malaysia, Singapore, and is the CEO of United Overseas Bank, Hong Kong.  He has served as Independent Non-Executive Director of Noble Group Limited since 1996.  He holds the Bachelor of Science (Economics) Hons and Master of Business Administration degrees, and is a Fellow of the Hong Kong Institute of Directors.


Ming Liao
Non-Executive Director

Mr Liao is CEO and Director of Baiyin.  Mr Liao joined Baiyin in 1982 and has served with Baiyin for nearly 30 years, starting off as a machine operator in a smelting facility.


Chao Zhou
Non-Executive Director

Mr Zhou is the Managing Director and Head of Advisory Services at CADF, focusing on M&A transactions.  He has nearly 20 years experience in various areas including commodity trading, investment, and risk management.  Mr Zhou helped lead the establishment of CADF in 2007.  Prior to that, Mr Zhou was a portfolio manager in CDB, who was responsible for credit portfolio allocation and overall risk management.  He helped develop the first credit default swap products for CDB, and worked on the implementation of Basel II.  Mr Zhou is on the board of Tin-Can Island Container Terminal Ltd. in Nigeria.  Mr Zhou holds a MBA from the Australian Graduate School of Management in the University of New South Wales.


Executive Management

Neal Froneman
Chief Executive Officer

Neal is a registered professional engineer who holds a South African Government Mine Manager’s Certificate of Competency (Metalliferous), and a South African Government Mine Engineer’s Certificate of Competency. He has over 30 years experience in the mining industry. He was appointed CEO of Aflease Gold & Uranium Resources in April 2003 and was primarily responsible for the creation and development of Uranium One until his resignation in February 2008. During this period Neal was CEO of both Aflease Gold and Uranium One. Prior to joining Aflease Gold, Neal was vice president and head of operations at Gold Fields. He has also held management and executive positions at Harmony Gold and JCI, among others. Neal serves on the Health, Safety, Environment and Sustainable Development

 
Christopher Chadwick
Chief Financial Officer

Christopher, who completed his articles at Deloitte, worked at an investment holding group prior to joining Aflease Gold as CFO in July 2008. Christopher has held executive positions in a wide range of industries, including the information technology and fast moving consumer goods industries, and has worked with both South African companies and multinationals.


Syd Caddy
Senior Vice President: Operations

Syd has more than 35 years’ of South African gold, uranium and base metal experience in both shallow and ultra deep mining environments. Syd has had general manager appointments for Black Mountain, Kloof and West Driefontein mines and has also carried various appointments within JCI's operations, including consulting engineer and managing director. Syd is a registered professional engineer, a Southern African Institute of Mining and Metallurgy (SAIMM) fellow, an Australasian Institute of Mining and Metallurgy (AusIMM) fellow, and a past president of the Association of Mine Managers of South Africa (AMMSA).

 
Hartley Dikgale
Senior Vice President: Legal Counsel

Hartley, who has more than 20 years' corporate experience and served as general counsel for Rand Uranium, was previously also responsible for business development and value-add faciliation across all portfolio companies within Pamodzi Investment Holdings, where he also functioned as an executive director.  Specialising in legal councel across corporate governance, telecommunications and broadcasting, business invesstment and fund management, Hartley has sat on the boards of the Kulungile Metals Group, Pamodzi Investment Holdings, Pamodzi Industrials, Foodcorp, Altech Data, Anglololnyosi Coal, BGG Cable Manufacturers and Pamodzi Resources Fund.  Hartley currectly serves as a non-executive board member of the Cross Border Road Transport Agency and holds a master of laws degree from Vista University (now known as the University of Johannesburg), as well as a higher diploma in company law from the University of the Witwatersrand.

 
Pierre Kruger
Senior Vice President: Company Secretary

Pierre served as non-executive director of Aflease prior to taking up the role of legal counsel and company secretary in January 2007. Pierre was formerly non-executive chairman of New Kleinfontein Mining Company Limited. Pierre practised with Charles Sherman, Kruger and Prosser Inc for 26 years as an attorney, notary public and conveyancer.

 
Michael Li
Senior Vice President: Asia

Michael was previously the managing director of the Rothchilds Group's Hong Kong office and is an experienced professional with more than 20 years' experience in accounting as well as in commercial and investment banking.  Michael has led numerous fund raising exercises in Hong Kong and the United States including initial public offerings, reverse takeovers and private placements, as well as domestic and cross-border merger and acquisition transactions for Chinese companies.  Michael is a certified public accountant in the State of California and is well versed in both the Asian and international markets.


Richard Stewart
Senior Vice President: Business Development

Richard has over 10 years' experience in South Africa's geological and mining industries. He is a professional natural scientist registered with the South African Council for Natural Scientific Professions (SACNASP). Richard also has his doctorate in geology, which he obtained from the University of the Witwatersrand. Richard has previously worked as an investment consultant for African Global Capital SA and has also held management positions at both Uranium One and CSIR Mining Technology. Richard is also the co-founder of Shango Solutions, a geological consultancy, for which he is a non-executive director.


Izak Marais
Senior Vice President: Operations

Izak has over 15 years’ experience in various management roles in the South African mining industry and has worked in both deep and shallow gold mining environments. Izak previously held appointments within the Gencor and Gold Fields groups and is also the former CEO and managing director of Sallies, a junior open cast miner. Izak holds a master's degree in business administration as well as a bachelor of science's degree in mining engineering.

 
Dick Plaistowe
Senior Vice President: Surface Operations

Dick has close to 40 years’ experience in the mining industry, having most recently been a director and chairman of mining consultancy Digby Wells Environmental. Dick has previously also held executive and board appointments for various South African listed mining companies, including Rand Mines, RMP Properties, Randgold and Exploration, Crown Consolidated Gold Recoveries, Durban Roodepoort Deep and Mine Waste Solutions. Dick also has extensive knowledge of the tailings re-treatment business.

 
Wayne Robinson
Executive Vice President: South African Operations

Wayne has 25 years' experience in mining and most recently operated as managing director for Eastern Platinum, where he was fully responsible for all of the company's South African projects and operations.  Wayne has worked for mining companies Richards Bay Minerals, Gold Fields, Driefontein Consolidated, GenGold and Impala Platinum where his experience and qualifications spanned across several senior management roles.  Wayne is expecially knowledgeable in the fields of multi-operation consolidation, employee development and turnaround strategy implementation.

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