Embracing the cyclical nature of the mining sector
Who We Are
David is a mining engineer with over 40 years of experience in the mining industry. David was involved in the construction and development of the New Liberty, Iduapriem, Siguiri, Samira Hill and Kiniero gold mines in West Africa and has mining experience in Africa, Australia, China, Canada, India and the Former Soviet Union. David served as the CEO of Shield Mining until its takeover by Gryphon Minerals, prior to that he was the CEO of Toronto listed Afcan Mining Corporation, a China focused gold mining company that was sold to Eldorado Gold in 2005. He was also the Chairman of Afferro Mining which was acquired by IMIC in 2013. David has held senior management positions in a number of mining companies including Golden Shamrock Mines, Ashanti Goldfields and Semafo Inc. He is a former director of Altus Resource Capital and Altus Global Gold. Mr. Netherway is currently the non-executive Chairman of Kilo Goldmines [TSX: KGL] and of Canyon Resources [ASX: CAY] which is Altus’ partner in the Birsok and Mandoum Project and he is a non-executive director of Avesoro Resources (formerly Aureus Mining) [TSX/AIM: ASO] and of Kore Potash plc [ASX, AIM & JSE: KP2].
Steven is the Chief Executive and co-founder of Altus Strategies and a director of its exploration subsidiaries. He holds an Honours degree in Geology from Southampton University and a Master's degree in Mining Geology from the Camborne School of Mines. He started his career with Mano River in 1998, joining the board in 2007. In 2002 he co-founded and was Chief Executive of Ariana Resources, a gold producer in Turkey which listed on AIM in 2005 [AIM: AAU]. In 2004 he founded and was interim Chairman of African Aura Resources which listed on the TSX-V in 2008 and which through its merger with Mano River in 2009 created African Aura Mining. In 2011 African Aura Mining was divested into Afferro Mining, which was acquired by IMIC in 2013 for approximately US$200m, and west African gold producer Avesoro Resources (formerly Aureus Mining) [TSX/AIM: ASO]. In 2007 he was a founding non-executive director of west Africa focused diamond development company Stellar Diamonds. Stellar listed on AIM by way of a reverse takeover of West African Diamonds in 2010 and was acquired by Newfield Resources [ASX:NWF] in 2018. In 2008 Altus co-founded and Steven was joint Investment Manager to Altus Resource Capital, a five year closed-ended and long-only investment fund, focused on junior resource equities. Altus Resource Capital listed on the LSE in 2009 and by 2011 had approximately US$150m of assets under management. He is a director of Aegis Asset Management and a co-founder of industry networking groups 'The Oxford Mining Club' and 'Resource IQ'. He is a Fellow of the Geological Society of London, a Fellow of the Institute of Materials, Minerals and Mining and a member of the Association of Mining Analysts.
Matthew is an Executive Director and co-founder of Altus Strategies and a director of its exploration subsidiaries. He holds an Honours degree in Earth Science from Anglia Ruskin University and a Master's degree in Mining Geology from the Camborne School of Mines. Matthew joined Cambridge Mineral Resources in 1999 and in 2002 he co-founded Ariana Resources which listed on AIM in 2005 [AIM: AAU]. In 2006 he joined African Aura Resources as Chief Operating Officer which listed on the TSX-V in 2008 and, through its merger with Mano River in 2009, created African Aura Mining, which in 2011 was divested into Afferro Mining which was acquired by IMIC in 2013 and gold producer Avesoro Resources (formerly Aureus Mining) [TSE/AIM: ASO]. Matthew is a director of Aegis Holdings and a co-founder of industry networking groups The Oxford Mining Club and Resource IQ.
Robert 'Woody' Milroy
Robert is Chairman of Milroy Capital Ltd a family investment company that manages various private equity investments in natural resources, engineering, renewable energy and commercial real estate. He has over 40 years of operational experience either as an owner or senior manager in the investment, mining and petroleum industries. He was a founding and Managing Director of the Corazon Capital Group; a Guernsey regulated investment management and stockbroking company for 14 years until its takeover by Canaccord Genuity in 2010. In addition, he was the Managing Director of Eagle Drilling, a drilling firm that specialised in hard rock core drilling in Central and Western Africa. Currently he is a Non-Executive Director of the Energy Venture Funds III, IV, V, Chairman of the Zeropex Group Ltd a water engineering firm. Previously he was a Non-Executive Director of Altus Resource Capital, Altus Global Gold and Genuity Energy a UK onshore oil and gas exploration firm. Robert is also a noted speaker and financial author, having written the Standard & Poor's Guides to Offshore Investment Funds. Robert graduated with a Bachelor of Commerce (Honours) from the University of Manitoba in 1971. He is a Member of the Association of Mining Analysts, Chartered Institute for Securities & Investment, Petroleum Exploration Society of Great Britain and Institute of Directors.
Michael was the Chairman and CEO at Legend Gold Corp. a TSX-V listed company which was acquired by Altus in January 2018. Michael is President of Seabord Capital Corp. which provides investment analysis and financial services to companies operating in the energy and mining sectors. Michael is also President of Seabord Services Corp., a Canadian company providing management and regulatory services to private & public mining companies. He worked as an analyst for Global Resource Investments Ltd. from 1993 to 1997 where he specialized in the evaluation of emerging oil and gas and mining companies, and has worked in the oil and gas industry since 1983 and the mining industry since 1992. Michael is currently a director and officer of several TSX-V and NYSE listed companies operating in Canada, Latin America, Europe and Africa. He holds a B.S. in Geology from the University of Southern California.
Chief Financial Officer
David is a Chartered Professional Accountant with a BSc in Geology who has over 20 years’ experience in a large multinational corporate environment, primarily with Cominco Ltd. While with Cominco, he held various positions in corporate finance including Exploration Controller, responsible for the financial reporting of the corporation's eight international exploration subsidiaries as well as reporting for Canadian based exploration. From 2002 to 2004, David was the corporate controller for Quest Capital Corp. (formerly Viceroy Resource Corporation). David is currently the CFO of TSX-V listed Lara Exploration Ltd. and was formerly the CFO of Legend Gold Corp. a TSX-V listed company which was acquired by Altus in January 2018. David was also formerly the CFO at the following TSX-V listed companies: Reservoir Minerals Inc. Revelo Resources Corp., Colombian Mines Corporation, Esperanza Resources Corp., Nevgold Resource Corp., Inca Pacific Resources Corp, Eurasian Minerals Inc., Sanu Resources Ltd., Prospector Consolidated Resources Inc., Standard Uranium Inc. and Alexco Resource Corp.
Martin has over 15 years’ experience in corporate accounting, having previously worked in the telecoms and architecture sectors, and most recently as Financial Controller at Velocys plc, a multinational, AIM-listed renewable fuels business. He has been a member of the ACCA since 2007, and holds an MA from the University of Glasgow.
Will is a exploration geologist with over 10 years of experience across Africa on a range of commodities including gold, copper, iron and bauxite. He has been involved in the development of early stage projects from reconnaissance through to resource stage and beyond. His previous experience includes working on geotechnical and environmental aspects of major infrastructure projects in the UK. He holds a Master's degree in Applied Geology from the University of Leicester and is a fellow of the Geological Society of London.
Charles is a geologist and a mineral economist and has 12 years' experience in technical and management positions across Africa. He has been involved in project exploration, appraisal and valuation across a range of commodities including gold, base and speciality metals in a number of countries including Egypt, the C.A.R, DRC, Sierra Leone, Cote d'Ivoire, Uganda, Zimbabwe, Botswana and Mozambique. Most recently Charles has been consulting to the World Bank's Energy and Extractives Global Practice on the mining sector in the C.A.R. Prior to this he was Head of Exploration for Universal Dawnus and was responsible for assessing projects in Sierra Leone for gold and columbite-tantalite. Charles holds a BSc in Geology from the University of Bristol and an MSc in Mineral Economics from the Colorado School of Mines. He is a Member of the Association of Mining Analysts.
Office & Finance Manager
Val Mitchell has a wealth of experience in administration and project management. Prior to joining Altus Strategies Ltd, Val held a senior position with responsibility for HR, Accounts and Project Management.
Guido 'Guy' Pas
Guy held the position of VP at Chase Manhattan bank between 1973 and 1983. In 1984 he joined the oil trading community and in 1987 co-founded the Addax & Oryx Group, an Africa-based oil production and trading group. In 1988 he co-founded, and was chairman of Samax Resources, a company that discovered several economic gold deposits in Tanzania and in 1998 was acquired by Ashanti Goldfields for US$130M. In 1995 he was founder of Mano River Resources a West African gold, diamond and iron ore business which merged with African Aura Resources. He was a director of African Aura Mining and its successor firm Afferro Mining. Afferro was sold to IMIC plc for £126m $200M in December 2013. Among other projects that Guy Pas was a founder or strategic investor in are Stellar Diamonds, Oxus Resources, Siberian Diamonds, Afren, Ovoca Gold, Advance Gold, GAIA Resource Fund, Eastbound Resources and Thriai Capital Advisors Ltd. He has a degree in Applied Economics from HHS Antwerp since part of KU-Leuven, Belgium.
Demetrius is a consulting economic geologist who began his career in the West Australian nickel fields where he is credited with discovering the Dordie North nickel deposit for Anaconda Mining Inc. Since then Demetrius has worked for several major mining companies, including Esso Minerals, Chevron and BHP Billiton Ltd. in Australia, South America, and Africa where he was responsible for project generation, primarily for gold but also for base-metals. Demetrius was involved in the early identification and development of the Syama, Sadiola and Morila gold mines in Mali, Golden Pride in Tanzania, Essakan in Burkina Faso and Tongon in Cote d'Ivoire. He started a private exploration company, Sanu Resources Inc., in 1997, which went public in 2003 and in 2006 discovered the 30Mt Hambok massive sulphide copper zinc deposit in Eritrea. In 2008 Sanu was merged into NGEx Resources Inc., a Lundin Mining Corporation group company. Demetrius became VP Exploration of Corado Capital Corp, an exploration company spun out of NGEx in 2012. Corado was subsequently merged with Legend Gold Corp. in 2013 where he became VP Exploration. Legend was then acquired by Altus in January 2018. Demetrius is currently a director of Rhyolite Resources Inc., acts as a Qualified Professional for Revelo Resources Corp. and Atico Mining Corporation and is on the Advisory Board of Indigo Exploration Inc. Demetrius holds a Ph.D. in Geochemistry from Stanford University, has published research on epithermal 'bonanza' silver deposits in Peru at the American Museum of Natural History in New York, where he held the position of Assistant Curator and teaching at Columbia University as an adjunct professor in Economic Geology.
Strategic Adviser (Mali)
Ambogo has over 25 years' experience in gold exploration in Mali, where he was former government and United Nations Development Programme geologist. He was involved in the discovery and drillout of the Syama deposit for BHP Minerals International in 1987, and served with BHP for 12 years including two years in their San Francisco Head Office. Ambogo was VP Business Development at Legend Gold Corp. a TSX-V listed company which was acquired by Altus in January 2018. Previously Ambogo served as VP Exploration for North Atlantic Resources Ltd in 2002 prior to its acquisition by Legend Gold. He has been instrumental in acquiring and maintaining the properties held by Altus in Mali.
Tom is a geology graduate of Durham University and held a post-graduate NATO Scholarship at the Universities of Oslo and Durham, his doctorate being awarded in 1964. From 1964 to 1982 he ran exploration programmes in the UK, Ireland, Spain, Italy, Portugal and Greenland for Cominco Ltd. In 1982 he joined BP Minerals and was appointed European, then Global Exploration Manager. The latter position entailed management of a total of eighteen countries, a geo-scientific staff of more than 150 and an annual budget of up to US$65 million. Rio Tinto acquired BP Minerals in 1989, where his role involved assessing and recommending exploration discoveries for development or disposal. Stepping down from Rio in 1995, he was appointed President and CEO of TSX-V and AIM-listed Mano River Resources Inc. in 1998, making gold, iron ore and diamond discoveries in Liberia, Sierra Leone and Guinea which subsequently went into production. From 2002 to 2011 he was a non-executive director of Centamin Egypt Ltd during the period the company put the Sukari gold project into production.
Malcolm started his career in stockbroking as an equity analyst and then later as investment editor of The Financial Times and Telegraph group. He has managed and controlled fund management, venture capital and investment banking companies in Australia, Hong Kong and North America. Malcolm has been a director of over twenty international companies. He was the founder of resources stockbroker, publicly quoted Ambrian Capital plc, the former chairman of Australian Bullion Company and the founder and non-executive chairman of Golden Prospect Precious Metals Limited.