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

Tony KiernanAppointed 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

Liam CorneliusAppointed 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.

KEY MANAGEMENT

Mr Paul Donaldson – Chief Executive Officer

121129 PD corporate photo Head shotAppointed on 1 February 2013

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.

Mr Flavio Garofalo – Company Secretary & Chief Financial Officer

131112 Flavio Garofalo Corporate PhotoAppointed as Chief Financial Officer on 6 February 2012
Appointed as Joint Company Secretary on 4 July 2013

Mr Garofalo is the Chief Financial Officer of the Group and has more than 20 years experience in the mineral exploration and mining industry. He has vast experience in project finance, capital raisings, corporate management and investor relations for listed resource companies.

He joined South Boulder Mines in 2011 after working with Kagara Ltd as Chief Financial Officer since 2004 and prior to that was the General Manager of Finance and Company Secretary for Titan Resources NL, a position he held for 10 years. He commenced his career in auditing at Coopers and Lybrand, specialising in the resource and finance sector.

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.