Andy has more than 30 years experience in the minerals industry, from field geology, research, and mineral resource management to commercial due diligence and evaluation of a wide range of local and international mineral assets. He has more than 20 years of experience working with commercial banks and financial institutions on transactions in the minerals industry, and has been involved in the preparation of numerous codes and rules for compliance and reporting in the public domain.

Andy has also assisted in a number of M&A transactions as a strategic advisor and negotiator. Under his stewardship, Venmyn continued to grow its reputation as an Independent Trusted Advisor to the industry and Andy has appeared as an expert witness. In recent times, Venmyn has continued to emphasise its competence in providing Fairness Opinions and in the preparation of Pathfinder documentation for sales and disposals.

Andy also continues his involvement in the re-write of the South African code for the reporting of Mineral Resources and Mineral Reserves (SAMREC Code) and the development of the South African Code for the valuation of mineral projects (SAMVAL Code).

B.Sc. Hons (Geol), (DMS) Dip.Bus.Man, Pr.Sci.Nat FGSSA, MAusIMM, M.Inst.D.

Catherine has 20 years experience in the assessment and technical due diligence of mining and mineral projects in South Africa, the rest of Africa and globally. She has written and compiled an extensive number of Competent / Qualified Persons and Independent Experts Reports for both local and international stock exchanges.

Catherine’s particular areas of expertise are in the coal and diamond industries where she has been involved in projects ranging from exploration management through to the development and evaluation of projects and mining operations. She is a registered Professional Natural Scientist and Competent / Qualified Person, as defined in the international reporting codes, in coal, diamonds, gold and a large number of other commodities.

Catherine currently sits on the committee which is rewriting the South African National Standard – South African Guide to the Systematic Evaluation of Coal Resources and Coal Reserves (SANS10320:2004) and has represented the Geological Society of South Africa’s disciplinary committee with respect to the implementation of the SAMREC Code and the JSE Listing Rules. She is a Director and significant shareholder in Venmyn Rand (Pty) Ltd, where she has worked for the last 20 years. She is also a Director of a Venmyn subsidiary company and a non profit organisation involved in promoting children’s golf.

After 20 years in public relations, Sheila had a career change and decided to run the finances and administration of the closed corporation that her husband owned. After six years, she decided to broaden her experience, and worked for Zeltis (Pty) Ltd and then for Madi Sussens Public Relations as the administrative manager.

In 1999, she joined Venmyn Rand as the administrative manager, responsible for finance, personnel and administration.

M.Sc.(Geol), Pr.Sci.Nat., MGSSA, MSAIMM

Neil Mc Kenna has more than ten years experience in the minerals industry, in research, exploration and resource project management, and, more recently, in mineral project assessments, due diligences and valuations. Neil has worked on projects involving precious metals, base metals, precious and gem stones, industrial minerals and energy related commodities.

Neil's current areas of speciality include public reporting of mineral assets, utilising International Valuation Standards (IVS), the SAMREC Code, the South African code for the valuation of SAMVAL Code, the Australasian Code for the reporting of Identified Mineral Resources and Ore Reserves (JORC Code) and the National Instrument (NI) 43 - 101 Code. In this respect, Neil has completed a number of Competent and Qualified Persons’ Reports for company listings on various international stock exchanges as well as other regulatory reporting.

Neil is also particularly interested in the financial valuation of mineral and mining projects, having completed a number of valuations for a range of commodities, including diamonds, coal, platinum, manganese, zinc and gold. As part of the Venmyn team, Neil is using his strong innovation skills to continue to evaluate improvements in mineral asset definition, valuation and reporting standards.

B.Sc. Hons (Geol), Pr.Sci.Nat.

Fiona is a senior minerals advisor for Venmyn and was a senior mineralogist for Anglo American Research Laboratories, where she was responsible for research on numerous kimberlites in Botswana. Fiona is assisting Andy Clay in the Strategic Mineral Invesment (SAMI) investment initiative and has focused, in particular, on the preparation of independent technical and economic reports on mineral assets for various international stock exchanges, as well as mineral asset prospectivity reviews.

Fiona's practical business skills, together with her geological background, have prepared her for a role as a compliance officer, researcher and writer of expert documents. She is currently involved in the ongoing refinement of the SAMREC Code and works in close association with the JSE Limited to streamline and improve the technical reporting process. Fiona is particularly active in the creation of pathfinder documents for the sale and disposal of mineral assets.

M.Sc. (Min. Eng), MRM
B.Sc.Hons (Min. Eng), Grad. CIS
MSAIMM, Pr.Eng., MIAS

Godknows has considerable experience in the minerals industry, from mine production, mining research, mine planning and optimisation, management accounting, costing analysis and project feasibility studies of various commodities, including platinum group metals, gold, nickel and coal. His mining career started in 2000, at Rio Tinto Zimbabwe’s gold mines, where he worked in various capacities. This gave Godknows a solid understanding of mining and the evaluation of mining projects. His key areas of expertise lie in a combination of skills, including technical and financial analysis, mining engineering, financial and management accounting, and corporate governance. Mineral asset valuation, compliance and public reporting of mineral assets for the various stock exchange jurisdictions are his core focus areas. Together with experience in both technical and corporate finance, he has consolidated his expertise in the detailed financial valuation of mineral and mining projects.

Godknows has a special interest in the public reporting of mineral assets, mineral asset valuation and compliance, with a focus on the following codes and standards:- IAS, IFRS, IVS, SAMREC Code, SAMVAL Code, JORC Code and the NI 43 – 101 Code. Godknows serves on different committees involved in the preparation of these codes and guidelines.

M.Sc. (Physics), MSAIMM, MGASA, MSAIP

Sheri joined Venmyn in September 2011. She has an M.Sc. in Physics from Rhodes University and is a member of the Southern African Institute of Mining and Metallurgy, the Geostatistical Association of South Africa and South African Institute of Physics.

Sheri provides the geostatistical input in the assessment of Mineral Resource reports as well as doing modelling for Venmyn Independent Projects. Her twenty years of experience as a geostatistician covers projects in base metals, gold and platinum group deposits. Sheri also enjoys enabling people to do their own resource modelling. Previously with GMSI and before that Gold Fields Mining and Development, a “power user” of Datamine, she has considerable experience developing resource estimation systems for clients.

Sheri came to Mining Geostatistics as a career change after many years as a research physicist. The challenge of creating a mathematical description of natural phenomena has always fascinated her. The most exciting part of a modelling project is the breakthrough of starting to understand what the data are describing. The orebody is “talking to me” is how Sheri describes that stage.

B.Sc. Hons. (Geol) GDE
MGSSA

Richard is a graduate geologist who joined Venmyn in 2008 bringing with him two years experience in sample preparation and analytical techniques from SPECTRAU at the University of Johannesburg. His knowledge in this field has increased substantial with the completion of his graduate diploma in engineering in 2010 which focused primarily on geo-statistics and sampling theory. These subjects are put to use extensively at Venmyn for compliance reporting and the setting up and management of drilling and sampling campaigns.

Richard’s other interests lie in the financial and feasibility issues surrounding mineral projects, as well as resource modelling, resource estimation and the geo-statistical side of mineral project reporting. To date, Richard’s experience has included involvement in a wide range of commodities including precious metals, base metals, rare earth elements, industrial minerals, coal and uranium amongst others. Richard began the writing of his thesis for his M.Sc.(Engineering) in early 2011 and hopes to follow this up with an MBA or CFA in the near future.

B.Eng. (Chem. Eng.) Cand. Tech. Eng., ASAIMM.

Munyar, who joined the Venmyn team in 2008, is Chemical Engineer by profession who is registered with ECSA as a Candidate Engineer. Venmyn is Munyar’s first full-time appointment but his work experience includes an industrial attachment programme with Maranatha Ferrochrome, in Zimbabwe, which he completed while at university, studying towards his B. Eng. (Hons) Degree in Chemical Engineering.

Munyar started off as a gate-keeper of Valuation Curves, a responsibility which gave him extensive experience in the techno-economic valuation of mineral assets and mining projects using the market approach as well as the strategic analysis of various mineral industries. However, his main focus now is Project Management which includes Scoping Studies, Pre-feasibility Studies, and Definitive Feasibility Studies. His main areas of interest are the reprocessing of dumps and the smelting of titano-magnetite ores. His main minerals of interest include rare earths elements, iron, and chromite. Munyar hopes to study towards a GDE in 2011.

Gbenga has six years experience as a researcher and industry analyst. He has spent four of the six years working in the mining industry, carrying out research on minerals policy, and undertaking commodity reviews and industry analyses. Prior to joining Venmyn in 2008, he worked as a business analyst for a management consulting firm. During this period, he developed a risk methodology for assessing country investment risk, and wrote country reports on various African countries as well as strategic industry reports.

At Venmyn, Gbenga undertakes techno-economic valuations of mineral assets and mining projects using the market approach method, develops and updates Venmyn’s database for transactions taking place in the mining industry, develops various commodity valuation curves, and carries out both commodity and industry market research. Working at Venmyn, he has gained experience in mineral asset valuation using the SAMVAL and other internationally recognised codes, including Cimval, Valmin and IVS. He intends developing expertise in the valuation of mineral assets using the discounted cash flow method.

B.Sc. (Mathematics)

Iaan joined Venmyn in January 2010. He has a B.Sc. in Mathematics from the University of Pretoria and is currently enrolled in the Charted Financial Analyst (CFA) programme. He will sit for the level 2 CFA exam in June 2011.

Iaan’s tasks include the development of probabilistic models used in simulations to evaluate the feasibility of mineral projects, the estimation and quantification of associated risks, and the valuation of mineral projects. Iaan also maintains and improves Venmyn’s propriety Variance calculator used to calculate the number of boreholes required in drilling programmes and develops commodity valuation curves used as a valuation tool.

Since joining Venmyn, Iaan has been involved in due diligence studies on merger and acquisition transactions, scoping and feasibility studies, impairment tests and techno-economic valuations. Iaan’s experience has included involvement in a wide range of commodities, including PGMs, gold, uranium, coal and base metals.

B.Sc. Hons. (Geol), MGSSA

Tarryn joined the Venmyn team in March 2010 after graduating from the University of Pretoria in 2009 with a B.Sc. Honours in Geology. Venmyn is her first full time appointment.

Tarryn’s areas of expertise include the preparation of technical documents, interpretation and analysis of mineral project data, preparation of technical diagrams and using GIS and geostatistics to provide technical assistance during early stages of exploration. Since joining Venmyn, Tarryn has been involved in a number of projects including writing and compiling technical reports, due diligence studies, Mineral Resource and Mineral Reserve Statements and techno-economic valuations and has provided technical assistance to a number of companies over a wide range of commodities including PGMs, gold, coal, uranium and manganese. Tarryn aims to study towards an M.Sc. in Geology and a GDE in the near future.

Andrew graduated from Rhodes University in 2001, since which he has gained 10 years experience in the geological exploration and mining industry.

Andrew has worked on a broad-scaling range of exploration projects and commodities worldwide including precious metals, base metals, diamonds, coal and uranium.

Andrew’s areas of speciality include the implementation of QA/QC standards and protocols for exploration programmes, exploration programme management and guidance, database management, data interpretation and public reporting of resultant mineral assets. To this end, Andrew has been involved in, and personally completed, a range of CPRs for various company public listings.

With the world's “easy to find” mineral deposits largely and historically discovered, Andrew’s main interests lie in exploring for unique and challenging mineral deposits using a combination of traditional and modern techniques.

Andrew intends to advance his industry career skill-set while at Venmyn by marrying his exploration skills with the in-house Venmyn resourcing and financial skills.

Graphic Designer

Interaction www.venmyn.com/interaction.php

Evelyn joined Interaction as a graphic designer. She has over 15 years marketing and desktop publishing experience in a wide range of industries. With her analytical and technical background, she can easily interpret mechanical and procedural data visually.

Carina has had extensive experience in the evaluation and technical due diligence of mining and mineral projects in South Africa and in Africa. She has authored a large number of Competent Persons’ Reports as a member of teams on feasibility and other studies, for both local and international stock exchanges.

Carina's particular areas of expertise are in the incorporation of a basic understanding of the geology of an ore deposit into its geostatistical modelling and in the interpretation of geological, geophysical and satellite information, with a view to exploration target generation. She has been involved in projects ranging from generating exploration targets, guiding drilling campaigns, evaluating Mineral Resources and auditing Competent Persons’ Reports. She has also managed the development of major Resource and Reserve calculation systems for mining companies.

Tony has over 40 years of experience in geology. Some 26 of these were in exploration projects for a large international mining company. He has been in private practice since 1996. His key speciality areas include kimberlite and alluvial diamond exploration and project evaluation, and Competent Persons’ Reports and Due Diligence Studies, particularly as applicable to diamond projects. He is a member of the Geological Society of South Africa, South African Geophysical Association, South African Archaeological Society and Society of Exploration Geochemists.

Martyn has 28 years experience in the South African mining industry in gold, coal, base metal and PGM ores, in operation, design, management, research and consulting. His experience is varied, and includes positions as a consulting metallurgist for Lonmin, South Africa, and mining analyst for a stockbroking firm in London.

Martyn formed Eurus Mineral Consultants (EMC) early in 2002. EMC offers specialist milling and flotation consulting services to the mining industry in Africa and Canada . The company has developed and uses SUPASIM, a proprietary flotation simulation program and an empirical mill sizing methodology, and also maintains a large database of milling and flotation operations, as well as associated laboratory and pilot test data to characterise ores and predict plant performance. In addition to simulating over 50 operating flotation plants from laboratory data, SUPASIM has been used to design and simulate the performance of four flotation plants from laboratory data only. EMC is also involved in the training of metallurgists for selected clients.

Martyn has published seven papers in international journals and a number of Competent Person's and Due Diligence reports.

Alexander is an internationally recognised expert in the field of diamond geology, with experience in alluvial gold geology. He is familiar with all stages of diamond prospecting, exploration and mining through personal experience both in the field and in the laboratory. He has done fieldwork in Russia, Syria, Brazil, RSA, Botswana, Lesotho and Angola. Alexander has experience in the Anglo American Research Laboratories as well as at De Beers Consolidated Mines Geoscience Centre. He is the author of several publications, most notably on kimberlite pipes.

Cuthbert has 15 years experience in the mining industry spread over production (gold mining), academia and consulting.  He currently lectures at Witwatersrand University in the area of mine financial valuation, decision making for mining investments and applied operations research.  He is currently completing a PhD in multi-criteria mine planning optimisation for platinum mining.  In his consulting role, Cuthbert has participated in projects on technical due diligence and mineral property valuation in gold and industrial minerals.  He has appeared as a professional witness before a court of law in a valuation case.  Cuthbert has also presented papers at international conferences and authored several papers in an international journal.  His interests lie in mine financial valuation and mine planning.

Ground Floor, Block G, Rochester Place, 173 Rivonia Road, Sandton
South Africa

Tel: +27 861 440 440
Fax: +27 11 472 1774

www.ditc.co.za

IT professionals who specialise predominantly in the management of Information Communication Technology Infrastructure. These include Database Administrators (Oracle, SQL, Sybase and DB2), Operating System Specialists (Microsoft, UNIX, Linux etc.) and other onsite technical resources.

The Campus
57 Sloane Street
1st Floor, Wrigley Field
Bryanston
2021
South Africa

Tel: +27 11 575 3415
Fax: +27 11 576 3415

www.questco.co.za

QuestCo, established in 2002, provides independent corporate finance and regulatory advice to enterprises both listed and unlisted, and blue chip and fledgling.

Its relationship-driven culture seeks to provide an invaluable service to its clients through innovative ideas and quality deliverables.

Powered by a team that brings a diverse range of experience to the table, QuestCo operates primarily in the mining and resources industry. It provides advisory skills and expertise to clients across all industries.

The QuestCo team has been an innovator in the field of black economic empowerment (BEE) transactions.

6^th Floor, West Tower, Sandton City Twin Towers Cnr,
Rivonia Rd & 5^th Street, Sandton
PO Box 3315
Dainfern, 2055
South Africa

Tel: +27 11 883 6358
Fax: +27 11 883 2116

Qinisele Resources is an independent boutique corporate finance advisor with a highly-specialised focus on the South African resources sector.

Qinisele Resources provides technical, financial, analytical and fund management skills, but also incorporates exposure to, and studies of, mineral economics in the developed and third world, especially Africa.

Qinisele Resources has a proven track record in South Africa over the past 25 years. Qinisele Resources contributes essential selection and valuation methodologies, backed up by first-hand experience which is of benefit to exploration and mining companies, development banks, financial institutions and investors, legal and auditing firms, equity market analysts, development organisations, entrepreneurs and government agencies.

7^th Floor
81 Main Street
Marshalltown
Johannesburg
2001
PO Box 97194
Petervale
2151
South Africa

Tel: +27 11 838 5284
Fax: +27 11 838 5280

www.soundmining.com

Sound Mining Solution is an independent and privately-owned company.

It employs a team of competent professionals, who combine experience and technical excellence with sound 3D computer modelling expertise when providing mining engineering and project management services to the mining industry.

SMS’s pragmatic approach to problem solving helps it recognise and ‘home-in’ on the key mining engineering issues that influence bottom-line profitability.

MINROM is an active geological and Geographical Information System (GIS) consulting company currently undertaking various projects in the Hotazel area of South Africa, as well as in Namibia, and West Africa.

It has offices in Somerset West, Johannesburg and Namibia. The core activities of MINROM include the execution of Geological Due Diligence Studies, Geological Project Reviews, Mineral Resource Management Audits, Mineral Resource Management System Development and Training, and the execution of tailor-made exploration drilling programmes.

In addition, MINROM adopts a high-end GIS approach to analyse and manage spatial data in the fields of Geology, Environmental, Location Based Infrastructure and Land Administration.

a Office @ Nature
Unit A4
500 Botterklapper St
The Willows
South Africa

Tel: +27 12 807 5374
Fax: +2712 807 1385

www.beal.co.za

BEAL Environmental Consulting forms part of the BEAL Group of Companies. During August 2010, BEAL made the decision to include another addition to its expanding business in the form of an environmental consulting division.

This division aims to supply emerging and existing clients with the environmental expertise which so often accompanies a sustainable and legally compliant engineering project. We offer our clients an environmental service which aims to work together with the clients and industry to ensure sustainable development, cost effective compliance and economic growth.

Our goal is to foster partnerships that will enhance our local economy using environmental improvements that create cleaner and safer industries. We are also dedicated to environmental improvements that foster a sustainable future and lead to social and economic improvements in the communities we do business in.

P O Box 2083
Pinegowrie
2123
South Africa

Tel: +27 11 7897170
Fax: +27 11 787 3059

www.eims.co.za

Environmental Impact Management Services (Pty) Ltd (EIMS), established in 1993, provides independent environmental and sustainability assessments and advice to all industries, listed and unlisted enterprises, and regulatory authorities.

EIMS has a specific core focus and significant experience in conducting Environmental Impact Assessments (EIAs), Environmental Management Plans and Environmental Liability Assessments for large projects ranging from mining to infrastructure development throughout the African continent.

Through its complement of qualified specialist consultants and in conjunction with our range of international network partners, EIMS is able to provide clients with an innovative, deliverable focused approach to the multi-disciplinary field that is environmental management.

EIMS prides itself on its independent and practical approach to environmental management and its adherence to the ‘No Net Loss Approach’ where possible, specifically with regard to undertaking of EIAs.

www.eunomix.com

Eunomix defines and operationalises country and political risks activities and strategies.

With so many resource-rich African countries either weak or fragile, executives and board members need the right information, advice and tools to achieve and sustain success in the face of political, regulatory, economic, infrastructure, social and security uncertainty. Understanding the factors that impact a business’s resilience to country and political risks, and then managing them is key to finding the “sweet spot” – the point from which the business fulfils its strategic goals and delivers shareholder value, while maintaining integrity and compliance.