Minimising Shareholder Dilution
Embracing the cyclical nature of the mining sector

Corporate

Who We Are

Board

David Netherway

David Netherway

Non-Executive Chairman

David Netherway 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, Crusader Resources 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], Canyon Resources [ASX: CAY] which is Altus’ partner in the Birsok and Mandoum Project and is a non-executive director of Avesoro Resources (formerly Aureus Mining) [TSE/AIM: ASO].

Steven Poulton

Steven Poulton

Chief Executive

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. Steven started his career with Mano River Resources in 1998, rising to Operations Manager and latterly director in 2007. In 2002 he co-founded Ariana Resources 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 gold producer Avesoro Resources (formerly Aureus Mining) [TSE/AIM: ASO]. 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 Stellar Diamonds [AIM: STEL], a director of Aegis Holdings 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 Grainger

Matthew Grainger

Executive Director

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 Milroy

Robert Milroy

Non-Executive Director

Robert Milroy 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, Institute of Directors and the British Private Equity & Venture Capital Association. 


Management

Jeffrey Karoly

Jeffrey Karoly

CFO and Comp. Secretary

Jeffrey has a degree in Geology from the University of Bristol and is a Chartered Accountant with over 20 years' experience in the mining industry. He started his career at Coopers & Lybrand and between 1997 to 2007 was with Minorco (Anglo American) in a variety of finance and corporate finance functions in the UK, Brazil, South Africa and France. From 2008 to 2010 he was the Chief Financial Officer of South American Ferro Metals, a private company that acquired, explored and developed an iron ore property in Brazil and which in 2010 listed on the ASX. From 2010 to 2016 he was the Chief Financial officer and Company Secretary of AIM and TSX listed Horizonte Minerals Plc, a nickel development company focused on Brazil. He speaks French and Portuguese.

Greg Owen

Greg Owen

VP Corporate Development

Prior to joining Altus Strategies Ltd, Greg was Business Development Manager for Metals Exploration Plc (AIM: MTL) and was closely involved in progressing that company's flagship Runruno gold-molybdenum project in the Philippines. Greg was involved in a number of equity financings and corporate transactions, including the offer by Solomon Capital, and was responsible for both investor and public relations. Greg holds a degree in Environmental Science from the University of Plymouth.
 

Will Slater

Will Slater

VP Exploration

Will is a exploration geologist with over 7 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 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 Douglas-Hamilton

Charles Douglas-Hamilton

VP New Business

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. 

Val Mitchell

Val Mitchell

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.
 


Advisers

Neil Adshead

Neil Adshead

Strategic Adviser

Dr Adshead is an independent resource specialist who until early 2017 was an Investment Strategist at Sprott Asset Management in Canada. Prior to joining Sprott, Neil was a senior mining analyst with Passport Capital, a San Francisco-based global investment firm. Previously, Neil spent 10 years in corporate, exploration and mine geology roles for Placer Dome subsidiaries in Canada, Australia and Papua New Guinea. Neil received a PhD in Economic Geology from James Cook University of North Queensland, Australia, in 1995. Before departing the UK Neil worked as a mud logger and data engineer on North Sea oil rigs for a Schlumberger subsidiary after receiving a First Class Honours degree in Earth Sciences from Birmingham University. Neil has built an extensive global network in both the mining and investment sectors over the past 25 years.

Guy Pas

Guy Pas

Strategic Adviser

Mr Pas 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.

Tom Elder

Tom Elder

Strategic Adviser

Dr Elder 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 Burne

Malcolm Burne

Strategic Adviser

Mr Burne started his career in stock broking 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.

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