Leadership

DIRECTORS

Mr Seamus Cornelius – Non-Executive Chairman

Seamus CorneliusAppointed on 15 July 2013

Mr Cornelius is a corporate lawyer and former partner of one of Australia’s leading international law firms. He specialised in cross-border transactions, particularly in the resources sector.

Mr Cornelius has been based in Shanghai and Beijing since 1993 and brings more than 20 years of corporate experience in legal and commercial negotiations. He has also advised globalcompanies on their investments in China and in recent years advised Chinese state-owned entities on their investments in overseas resource projects.

Mr Cornelius is currently the Chairman of Buxton Resources Ltd (BUX) since 29 November 2010 and Montezuma Mining Company Ltd (MZM) since 30 June 2011.

Mr Tony Kiernan – Non Executive Director

140812-487Appointed on 15 October 2012

Mr Kiernan has over 25 years of experience in the mining industry and was previously a commercial lawyer. He is currently a corporate advisor and has extensive experience in the administration and operation of public listed companies. He brings particular skills in the areas of Government relations and approvals, corporate strategy and corporate governance, all of which are key areas for the Company as it progresses the development of its key asset, the Colluli Potash Project in Eritrea, East Africa.

Mr Kiernan is currently the Non-Executive Chairman of BC Iron Ltd (BCI) since 11 October 2006, Non-Executive Chairman of Venturex Resources Limited (VXR) since 14 July 2010, Non-Executive Director of Chalice Gold Mines Ltd (CHN) since 15 February 2007, and Non-Executive Director of Uranium Equities Limited (UEQ) since 3 June 2003.

Mr Liam Cornelius – Non-Executive Director

140812-482Appointed on 21 August 2001

Mr Cornelius graduated from Curtin University of Technology with a BApp.Sc in Geology. Mr Cornelius has been involved in the exploration industry within Australia, Asia and Africa for nearly 20 years. Whilst originally specializing in gold he has experience with a wide range of commodities including nickel, copper, platinum, uranium and potash.

As a founding member of South Boulder Mines Ltd, Mr Cornelius has played a key role in outlining areas of interest for the Company. In addition to project generation and fund raising, he also provides guidance to the Board on future directions. Mr Cornelius has not held any former directorships in the last 3 years.

Mr Paul Donaldson – Chief Executive Officer & Managing Director

140812-449Appointed as Chief Executive Officer on 1 February 2013
Appointed as Managing Director on 29 April 2014

Mr Donaldson was appointed as Chief Executive Officer in February 2013 and joins South Boulder from a series of senior management roles spanning more than 20 years with BHP Billiton (“BHP”). Mr Donaldson holds a Masters Degree in Business and Technology from the University of NSW and a degree in Chemical Engineering from the University of Newcastle.

At BHP, Mr Donaldson was most recently General Manager of the +50 million tonne per annum Area C Iron Ore operation in Western Australia. He was formerly Manager of Technical Marketing based in Asia, contributing to both product suite and product placement strategies for coking coal, manganese and iron ore. Other highly relevant roles include Manager of Port Operations at the Nelson Point Facility in Western Australia.

Mr Donaldson also brings extensive experience in high level business improvement and logistics at base metal operations and a high degree of integrated supply chain management, technical operational management and frontline leadership experience in the steel industry.

KEY MANAGEMENT

Ms Amy Just – Company Secretary

Amy Just Appointed as Chief Financial Officer on 14 May 2014

Amy is the Company Secretary of the Group and specialises in the provision of corporate advisory, company secretarial and financial management services. She has ten years of experience as a Chartered Accountant and is member of the Governance Institute of Australia.

Amy has acted as the Financial Controller and Company Secretary of numerous domestic and international oil & gas and mineral exploration companies, and has significant ASX compliance, statutory reporting, and corporate governance experience.

Mr James Durrant – Project Co-Ordinator

JamesDurrantAppointed as Project Co-Ordinator on 26 May 2014

James joins South Boulder Mines in May of 2014 following nearly 7 years working in various senior engineering, corporate and operational leadership roles throughout BHP Billiton’s iron ore operations in Western Australia.

James has been heavily involved with standardisation and simplification of operating procedures and processes across multi-site operations and facilitated the streamlining and standardisation of organisational structures. He has also managed site infrastructure improvement projects and process change projects to enhance mine performance in both safety and optimisation in the key operational functions of Load and Haul, Mine Planning and Drill and Blast.

James has a BEng in Mechanical Engineering and a MSc in Mining Engineering from the Camborne School of Mines.

Mr Zeray Leake – Eritrean Country Manager

Zeray LeakeMr Leake is a Geologist with over 12 years experience in the development and exploration of potash, gold, base metals and industrial minerals.

Mr Leake previously worked for the Geological Survey of Eritrea.