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Management:
The Company is focused upon and committed to bringing the Cibaliung gold project to production.
Mr John Carlile has been appointed Managing Director effective 14 January 2008 for a one year term, extendable by mutual agreement. Mr Carlile is an exploration geologist by background. He was the Managing Director of the Company between 1998 and 2002 and was Chairman of Pearl Energy Limited, an oil and gas company, which was listed on the Singapore Stock Exchange until mid 2006. Mr Carlile is based in Jakarta.
Mr Cahyono Halim has been appointed Chief Financial Officer and is also be based in Jakarta. Mr Halim was previously Treasurer at Pearl Energy Limited and held a senior finance role with the ANJ Group in Indonesia and before that, was with Citibank.
Mr. Tony Nadalin - Financial Controller. Mr. Nadalin has 20 years experience in accounting and corporate finance and as a Financial Controller of listed companies. He is responsible for financial reporting and administration as well as being Assistant Company Secretary.
Mr. Andrew Cooke - Company Secretary. Mr. Cooke has 20 years experience in law, corporate finance and as a Company Secretary of listed resource companies. He is responsible for corporate administration together with stock exchange and regulatory compliance.
In Indonesia the Company is the operating manager of the Cibaliung Project in a joint venture with state mining house PT Aneka Tambang. The Indonesian arm of the Company has developed a strong management team with significant experience in exploration, permitting development and operation of projects in Indonesia.
Mr. Hermani Soeprapto as Chief Operating Officer, based in Indonesia, has primary responsibility for all of the Company’s Indonesian activities with particular emphasis upon delivery of the Cibaliung gold project. Mr. Soeprapto, 57, a mining engineer, has had a career spanning over 30 years with the Freeport-MacMoran group, mostly in Indonesia. During this period, Mr Soeprapto has gained extensive experience in developing and operating major open pit and underground mines. He served for 6 years as the site based Executive Vice President and General Manager for the operation of the Grasberg open pit and underground copper gold mine and mill in Papua.
Mr. Sucipto Marijan, an accountant, manages external affairs and Indonesian corporate relations and has more than 20 years experience with foreign investment companies including finance, corporate management, government liaison and project permitting in the Indonesian resources sector.
The exploration team in Indonesia is led by Mr. Brad Wake. Brad is an Australian educated geologist with 20 years experience exploring for gold, silver, base metals, tin and other metals in Australia and the SW Pacific region including over 8 years work experience in Indonesia. Included in his Indonesian achievements, Brad was exploration team leader in the Minahasa region of North Sulawesi, responsible for planning, management and implementation of reconnaissance work that resulted in the discovery of the Toka Tindung epithermal gold-silver vein systems for Aurora Gold Limited in 1994.
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