FALCON MINERALS LTD
A.C.N. 009 256 535
ANNUAL REPORT 2016
Location of Projects
CORPORATE DIRECTORY
DIRECTORS Richard Diermajer Ray Muskett Ronald Smit
SECRETARY Dean Calder
REGISTERED OFFICE Level 2
34 Colin Street
WEST PERTH WA 6005
Telephone: (08) 9382 1596
Facsimile: (08) 9382 4637
Email: [email protected]
Website: www.falconminerals.com.au
Postal Address:
PO Box 8319, Subiaco East Western Australia 6008
ACN 009 256 535
AUDITORS Stantons International Level 2
1 Walker Avenue, West Perth Western Australia
BANKERS BankWest
1215 Hay Street, West Perth Western Australia
STOCK EXCHANGE The Company's shares are quoted on the official
list of the Australian Securities Exchange Ltd (code FCN)
SHARE REGISTRY Advanced Share Registry 150 Stirling Highway
Nedlands WA 6009
Telephone (08) 9389 8033
CONTENTS
Directors' Report 3
Statement of Comprehensive Income 13
Statement of Financial Position 14
Statement of Changes in Equity 15
Statement of Cash Flows 16
Notes to and Forming Part of the Financial Statements 17
Directors' Declaration 33
Independent Audit Report to the Members 34
Auditor's Independence Declaration 36
Additional Stock Exchange Information 37
Tenement Schedule 38
DIRECTORS' REPORT
The directors present their report with the financial report of Falcon Minerals Limited ("Falcon" or "the Company") for the year ended 30 June 2016 and the auditor's report thereon.
DIRECTORS
The directors of the Company at any time during or since the end of the year are:
Richard Edward Diermajer (Chairman) - Director since 3rd July 1987
Mr Diermajer, holds a degree in Legal Studies and has a background in mining law and administration from 12 years experience with the Department of Industry and Resources in Western Australia. In 1981 he established Sentinel Exploration Services providing consultancy services to the mining sector in mining property management and administration, project generation and acquisition, native title negotiations and mineral exploration. Mr Diermajer has over 40 years' experience in the mineral exploration and mining industry and was previously a Director of Eagle Bay Resources NL and Geographe Resources Ltd which in the 1990's held an interest in the Chalice gold mine in Western Australia.
Within the last three years, Mr Diermajer has not been a director of any other publicly listed Company.
Ray Muskett (Non-Executive Director) - Appointed 24th November 2004
Ray Muskett is an experienced geologist in both mining, exploration and is a WA School of Mines graduate. He is a member of the Australasian Institute of Mining and Metallurgy (AustIMM).
He has worked for a variety of companies and held senior positions in management and directorships on boards of listed and unlisted exploration companies. Other companies worked for include Western Mining Corporation, Hamersley Exploration, CRA, Nevoria Gold Mines, Brimstone Resources. He also operates as a consultant to exploration companies. He has been responsible for the acquisition of and advancement of exploration ground packages that have led to significant discoveries (including the high grade Chalice Gold Mine) and played key roles in raising capital. In recent times he raised capital for and successfully sold unlisted Brimstone Resources Ltd. He does exploration and evaluations of projects in Australia, Brazil and South East Asia. Experience and interests cover gold, iron ore, manganese, tin, nickel, copper and diamonds.
Within the last three years, Mr Muskett has not been a director of any other publicly listed Company.
Ronald Smit (Managing Director) - Appointed 19th July 2011
Mr Ronald Smit, holds a BSc(Hons) Geology and a member of the Australasian Institute of Mining and Metallurgy (AustIMM), with over 30 years' experience in the mineral exploration and mining industry. He worked for BHP Minerals International (now BHP Billion plc) for much of this period and held many senior technical and management positions. He has conducted exploration for base metals, precious metals and diamonds throughout Australia, North America and Papua New Guinea. He has extensive experience in Archaean and Proterozoic mineral systems and has been involved in the discovery of gold deposits in the Eastern Goldfields of Western Australia, manganese in the Northern Territory, copper in Queensland and magnetite in Western Australia. Over the last ten years he has been involved in the junior mining sector with the successful ASX listings of Marengo Mining Limited and Buxton Resources Limited. The core responsibility with these groups was strategic planning and technical management of all exploration activities.
Within the last three years, Mr Smit has not been a director of any other publicly listed Company.
DIRECTORS' INTERESTS
As at the date of this report the directors hold the following beneficial interests in the capital of the Company:
|
Shares
In own name
|
In other names
|
Options
In own name
|
In other names
|
|
R Diermajer
|
-
|
17,738,716
|
-
|
-
|
|
R Muskett
|
5,525,934
|
5,000
|
-
|
-
|
|
R Smit
|
9,290,035
|
7,176,832
|
-
|
-
|