Proactiveinvestors Australia

Nelson Bay:

The Nelson Bay Iron Ore Project (ELs 41/2004 & 54/2008) covers the Nelson Bay Magnetite deposit with Inferred Mineral Resources reported to JORC guidelines. Drilling will look to enlarge the deposit and improve the quality of the resource, currently standing at 6.8Mt @ 38.2% magnetite at a 20% magnetite cut off. In addition exploration work will look follow up recent drilling of near surface iron oxide mineralisation in an attempt delineate direct shipping ore. Exploration of additional magnetic targets will also be undertaken.

Adamsfield:

The Adamsfield Licence (EL 11/2006) contains platinum group mineralisation attributed to the ultramafic rocks of the Adamsfield Ultramafic Complex. Shree Minerals has advised that it will explore for economic platinum group mineralisation using new geological concepts for the formation of stratiform platinum group elements within ultramafic rocks.  

The Sulphide Creek:

The Sulphide Creek tenement (EL 43/2004) is an advanced project with wide zones of poorly understood low grade gold mineralisation hosted in Ordovician clastics and limestones proximal to a major fault.  

Catamaran:

The Catamaran exploration licence (EL 32/2005) is an advanced prospect warranting further exploration to define an open cut coal resource. Historic exploration results for coal deposits have been reported to JORC guidelines.

Mt Sorell:

The Mt Sorell tenement (EL 42/2008) hosts an untested base metal soil anomaly at the southern end of the world class Cambrian-aged Mount Read Volcanic base metal province, which hosts the Rosebery, Hellyer and Mount Lyell mines. The area also contains favourable stratigraphy and structural interaction to provide potential for Henty Mine-style gold mineralisation.  

Mt Bertha:

The Mt Bertha property (EL 42/2004) is a large tenement with a series of discrete magnetic anomalies associated with a major, magnetically defined structure. Targets include iron ore (Savage River-style), nickel (Avebury-style), iron oxide/copper-gold mineralisation and structurally controlled gold deposits.  

Mr Sanjay Loyalka, Chairman BCom (Hons), Chartered Accountant

Mr.Loyalka is the founder Chairman of Shree Minerals ltd as an Exploration & mine development company in Australia.

He is also the founder of Investment advisory firm IACG Pty Ltd in Australia which has been engaged in cross border M& A , strategic consulting as well as a mineral commodity trading business. The transactions that the firm has executed include   Gujarat NRE Coke Ltd's Hard Coking Mine acquisition in Australia   . 

As the founding CEO & Managing Director , he was instrumental in the development of the Aditya Birla Group's operations within Australia . He led the acquisition of Nifty & Mount Gordon Copper mines, successful development of the Nifty Sulphide project (a remote site , 2.5 million tpa underground mine, concentrator plant & associated infrastructure like Power plant ,Gas spur pipeline , port handling facilities etc ) and Operational restructure of Mont Gordon Copper Operations. These led to a successful listing of the Company on the Australian Securities Exchange with an IPO of A$300mn and inclusion in ASX S& P 300 index . Mr Loyalka has also been a member of the Executive Council of Chamber of Minerals & Energy (Western Australia) in 2005 & 2006.

Mr. Arun Kumar Jagatramka, B.Com (Hons), FCA, AIMM

Mr. Arun Kumar Jagatramka is a qualified Chartered Accountant with an all India 1st rank and gold medal. He has an industrial experience of more than 11 years in the production of coal and coke, besides a prior experience of more than 15 years in management consultancy and merchant banking. Widely regarded for his foresight and knowledge, he is an acknowledged expert in matter of coal and coke and has presented papers on the subject at number of International Conferences.

Mr. Arun Kumar Jagatramka is the Chairman and Managing Director of Gujarat NRE Coke Limited (India). Under his able guidance, Gujarat NRE Coke Limited has become the largest independent non captive producer of Met Coke in India - the only Indian entity to have moved backward into coal mine ownership in Australia and forward into steel making, coupled with wind energy and upcoming waste heat power generation. The Annual Compounded Growth of the company since inception is to the tune of 42% approx. with present market capitalisation of USD 0.5 Billion.

Mr. Arun Kumar Jagatramka is a member of a number of boards, Gujarat NRE Coking Coal Limited (Australia), Port Kembla Coal Terminal, Australian Coal Research Ltd, Wollongong Hawks as well as Executive Committee Member of NSW Minerals Council. 

He has been appointed as an honorary NSW  " Sydney Ambassador " to India.   He is associated with the Confederation of Indian Industry (Western Region), an apex representative of Indian Industry, by way of heading sub-committees on " Integrity India " ,  " International Affairs " besides being a member of  " Energy Panel " , and " Environment and Conservation " Sub-Committee.

Mr Mahendra Pal, Non Executive Director MSc, MSGAT (India), FAusIMM, MAICD (Australia)

Mr Pal is an Executive Director - Exploration/Technical with FairStar Resources Ltd (FAS an ASX listed company) and has an extensive management experience in the mining and exploration industry, both in Australia and internationally and has worked across many commodities, including base metals, gold, uranium, iron, coal, oil shale, oil and gas, etc. Prior to joining Fairstar, Mr Pal spent two periods working with Rio Tinto, commencing in 1970. During this time he was Principal Geologist for Hamersley Iron Pty Limited, where he made concealed iron ore discoveries at the Mount Tom Price and Paraburdoo mines, and also worked in other senior management positions up until 1999. From 1980 to 1984 he worked for ESSO Australia as a Sr. Professional Geologist and Exploration Geologist for the Rundle Oil Shale Project feasibility study. Mr Pal also ran his own Geological Consultancy business, from 2000 to April 2007, where he worked with a range of exploration/mining companies, including: Auiron Energy, Centrex Metals, Rio Tinto Exploration, Hamersley Iron, Consolidated Minerals, Sinosteel Australia,   Sumitomo Corporation, Golden West Resources Ltd., NEX Metals Exploration Ltd., etc., in Australia, as well as a technical adviser to Rio Tinto Orissa Mining Limited (a Rio Tinto Joint Venture with Orissa Mining Corporation, India) and a consultant to Tata Iron & Steel in India, International Minerals and Consulting Company in Iran and Oswal Brasil Refinaria de Petró leo in Brazil, etc.

In 2008 Mr Pal made a new iron discovery (Mahendra's Find), 110 km southeast of Kalgoorlie, and is the first of its kind in the area previously known for its gold prospectivity.

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