BERNARD HOLTSHOUSEN

Mining Engineer – Mr Bernard Holtshousen: Mr Holtshousen is a highly experienced professional mining engineer with an enviable international career history. He has served on the board of directors of many public listed and unlisted mining companies as a Director, Managing Director and Chairman in companies based in Australia, South Africa, USA, Venezuela, Botswana, Namibia and Chile. Mr Holtshousen has previously held the position of General Manager for Macarthur’s Lake Giles Iron Project and therefore brings a wealth of historical knowledge of the Lake Giles Iron Project that will be invaluable for the Company over this next phase of its intention to transition to production. He has also held senior positions at Board level and in management at Sigma Minerals Limited, Equatorial Mining Limited, MIM Holdings Limited, Gencor Limited (where he was Senior Manager Strategy during a period which culminated in the acquisition of Billiton and finally BHP) and at Rand London Corporation Limited (where he was Executive Chairman for 3 years and Managing Director for 10 years, during which period that company acquired, built and managed 13 operating mines). Mr Holtshousen holds a Bachelor of Science, Engineering (Mining) from the University of Witwatersrand in the Republic of South Africa, a Master of Science (Management) from Stanford University in California (USA) and a Management Diploma from Utah State University (USA). He is a Fellow of the South African Institute of Mining and Metallurgy and a Member of the Australasian Institute of Mining and Metallurgy.