African Energy Resources Limited Financial Report 30 June 2016 Corporate Directory
Directors Mr Alasdair Cooke
Executive Chairman
Dr Charles (Frazer) Tabeart Managing Director
Mr Gregory (Bill) Fry Executive Director
Mr Valentine Chitalu Non‐Executive Director
Mr Philip Clark Non‐Executive Director
Mr Vincent (Ian) Masterton‐Hume Non‐Executive Director
Mr Yan Zhao
Alternate Director to Mr Hume
Mr Wayne Richard Trumble Non‐Executive Director
Mr John Dean Non‐Executive Director
Company Secretary Mr Daniel Davis
Registered Office Granite House, La Grande Rue St Martin, Guernsey GY1 3RS
Representative Office in Australia Suite 1, 245 Churchill Avenue Subiaco, Western Australia, 6008
Share Register Link Market Services Limited
Level 4 Central Park 152 St Georges Terrace Perth, Western Australia, 6000
Stock Exchange Listings Australian Securities Exchange (ASX: AFR) Botswana Stock Exchange (BSE: AFR)
Auditor BDO Audit (WA) Pty Limited
38 Station Street
Subiaco, Western Australia, 6008
Solicitors Fairweather Corporate Lawyers
595 Stirling Highway
Cottesloe, Western Australia, 6011
Bankers HSBC Bank Australia Limited
188‐190 St Georges Terrace
Perth, Western Australia, 6000
Website www.africanenergyresources.com
African Energy Resources Limited Financial Report 30 June 2016 Directors' Report
Your Directors present their report on the Consolidated Entity consisting of African Energy Resources Limited (Company) and its controlled entities for the financial year ended 30 June 2016.
1. Directors and Company Secretary
The Directors and the Company Secretary of the Company at any time during or since the end of the financial year are as follows.
Mr Alasdair Cooke BSc (Hons), MAIG - Executive Chairman
Mr Cooke has served as Chairman of the Board of the Company since its incorporation. Mr Cooke is a geologist with over 25 years' experience in the resource exploration industry throughout Australia and internationally. For the past 15 years Mr Cooke has been involved in mine development through various private and public resource companies, prior to which he held senior positions in BHP Billiton plc's international new business and reconnaissance group.
Mr Cooke is a founding director of Mitchell River Group, which over the past ten years has established a number of successful ASX listed resources companies, including Panoramic Resources Limited, operating the Savannah and Lanfranchi nickel projects in Australia; Albidon Limited, operating the Munali Nickel Mine in Zambia, Mirabela Nickel Limited, operating the Santa Rita nickel project in Brazil; Exco Resources Limited, developing copper and gold resources in Australia; and Energy Ventures Limited.
Other current directorships Special responsibilities
EVE Investments Anova Metals Limited
Executive Chairman
Member of the remuneration committee
Former directorships in the last three years Interests in shares and options
none 50,003,682 shares
933,333 performance rights
Dr Charles (Frazer) Tabeart PhD, BSc (Hons) ARSM, MAIG - Managing Director
Dr Tabeart is a graduate of the Royal School of Mines with a PhD and Honours in Mining Geology. He has over 25 years' experience in international exploration and mining projects, including 16 years with WMC Resources. Whilst at WMC, Dr Tabeart managed exploration portfolios in the Philippines, Mongolia and Africa, gaining considerable experience in a wide variety of commodities and operating with staff from diverse cultural backgrounds.
Dr Tabeart was appointed Managing Director of the Company in November 2007 after serving two years as General Manager. Under his stewardship the Company discovered and delineated the coal resource at the Sese Coal & Power Project and has since managed the strategic direction of company to focus upon the delivery of multiple coal‐fired power stations, captive coal‐mines and an export coal mine. He has overseen the acquisition of Mmamantswe and Mmamabula West Coal Projects that has grown the resource inventory of the Company to 8.7Bt of thermal coal.
Other current directorships Special responsibilities
Segue Resources Limited Managing Director
Former directorships in the last three years Interests in shares and options
none 4,774,100 shares
1,933,333 performance rights
Mr Gregory (Bill) Fry - Executive Director
Mr Fry has more than 25 years corporate experience in the mining and resources industry, specialising in accounting, management, business development and general corporate activities. He has vast experience in project evaluation and development, project funding, management, finance and operations.
Over the past 15 years, Mr Fry has been a Director of several private and public companies with activities ranging from funds management, minerals exploration, mining and quarrying. He has been an Executive Director of African Energy Resources since listing and is responsible for the Company's commercial and financial business programs.
Other current directorships Special responsibilities
EVE Investments Anova Metals Limited
Member of the Audit committee