Our Team

Board of Directors

Michael Masterman

Michael Masterman

Chairman

Michael is co-founder of W Resources Plc and has an exceptional track record in establishing and financing new resources companies. In 2010, Michael took on an Executive role with Fortescue Metals Groups overseeing the FMG Iron Bridge iron ore company and completed the US$1.15bn sale of a 31% interest in the project to Formosa Plastics Group. He was CFO and Executive Director of Anaconda Nickel (now Minara Resources). Michael oversaw the financing of the US$1.2 billion Murrin Murrin Nickel and Cobalt project in Western Australia, involving the negotiation of a US$220m joint venture agreement with Glencore International and the raising of US$420m in project finance from a US capital markets issue – the first of its kind for a green fields mining project. Prior to joining Anaconda Nickel, he spent 8 years at McKinsey & Company serving major international resources companies principally in the area of strategy and development. He is a founding shareholder at Fortescue Metals Group, Po Valley Energy and Atacama Metals.

Byron Pirola

Byron Pirola

Non-Executive Director

Byron is Managing Director of Port Jackson Partners Limited, a Sydney based strategy management consulting firm. Prior to joining Port Jackson Partners in 1992, Byron spent six years with McKinsey & Company working out of the Sydney, New York and London Offices and across the Asian Region. He has extensive experience in advising CEOs and boards of both large public and small developing companies across a wide range of industries and geographies. Byron is a Non-Executive Director of Po Valley Energy Limited.

David Garland

David Garland

Non-Executive Director

David is the former General Counsel, Secretary and Chief Compliance Officer of Dominion Petroleum Limited (an oil and gas exploration company then listed on the LSE). Before joining Dominion, he had practised as a barrister for 18 years from Brick Court Chambers, a leading commercial barristers’ chambers in London. David was a founder, and is currently a director, of Atacama Metals Holdings Limited, a private Hong Kong registered copper exploration company, with mining interests in the Atacama Desert in Chile. He is also the Legal Advisor to Hague and London Oil plc (an oil and gas exploration company listed on the LSE).

James Argalas

James Argalas

Non-Executive Director

James Argalas has extensive experience in the financial and investment sectors. In 2006, he founded Presidio Union, LLC, a company that specialises in providing financial analysis and corporate advisory services to early stage growth companies and their investors, taking an active role in developing ventures that have the potential to create significant shareholder value. Prior to founding Presidio Union, James was a Principal at Watershed Asset Management and NM Rothschild, where he was responsible for investments in distressed credit, liquidations, real estate, special situations, and debt and equity investments in Asia-Pacific. Prior to Watershed, James was an Associate Principal with McKinsey & Company and an Associate at Goldman Sachs. With a Master of Business Administration degree from Kellogg Graduate School of Management (Northwestern University) with majors in Finance, Entrepreneurship and International Business. James also holds a Bachelor of Science degree in Engineering from the University of Michigan, and a Bachelor of Science degree in Foreign Service from Georgetown University.

Pablo Neira

Pablo Neira

Non-Executive Director

Pablo Neira brings 30+ years of international experience specialising in managing listed industrial manufacturing companies and family office direct investments. He currently works with Casa Grande de Cartagena, family office of several members of Del Pino family, involved with direct investments. Pablo is former CEO of Urbar, a listed industrial group that manufactures equipment for multiple sectors, including raw materials, minerals and quarries; as well as turn-key waste treatment plants. Prior to Urbar, Pablo was Corporate Services General Manager at Valdepesa Textil, a global retail textile company PE backed, and Finance Director at Global Steel Wire Group, a Madrid listed steel wire rod manufacturer. Prior to joining Global Steel Wire Group, he was Manager at A.T. Kearney in New York and at the Swedish group Mölnlycke as Controller for southern Europe. Pablo has broad-based experience managing operations across international and cultural boundaries and brings in depth finance experience under listed companies. He holds a BS in Economics and a Harvard MBA. He is professor at IE Business School.

Key Executives

Fernando

Fernando de la Fuente

Country Manager, Spain

Fernando holds a B.Sc. in Geology and a MSc in Geology from the University of Granada in Spain and has over 44 years experience in the Exploration and Mining Geology industry in Europe, Africa and North America and Latin America. He is also a member of the Spanish College of Geologists (Number 49), the Spanish Society of Mineralogy, founder member of the Spanish Society of Geology, member of the Spanish Association of Applied Geology to Mineral Deposits, member of the Society for Mining, Metallurgy and Exploration, Inc., member of PDAC. He is Managing Director and main shareholder of Fernando de la Fuente Consultores, S.L. a mining exploration and geological consulting company with projects in Europe, Africa and America. Fernando also is Global Head of Project Management Ltd. of SBS Mining, Ltd a London based company, providing specialised mining consultancy services and expertise to fund managers. He was the Regional Manager for Anglo American Corporation of South Africa in West Africa and has also worked for Rio Algom and Phelps Dodge. Fernando is a “qualified technical person” in respect of the AIM Rules for Companies.

Aaron Szumilak

Development Manager

Aaron is a mechanical and process engineer with 10 years’ experience in mineral processing and resource development. He carries field experience in operational and technical services roles presenting a broad range of process skills. Aaron has worked for Fortescue Metals Group, Syncrude and Composites Innovation Centre.

Juan Garcia Valledor

Juan Garcia Valledor

La Parrilla Operations Manager

Juan is a Mining Engineer with 25 years of experience in management of industrial processing plants and design, planning, management and rehabilitation of open pit mines. Juan was Operations Manager for the Rio Tinto and Imerys groups talc ore mining and processing operations in Spain, and Mining & Safety Manager in the development of the reopening project of Alquife iron ore open pit in Granada, Spain.

Tomás Bragado

La Parrilla Plant Manager

Tomás is a Mining Engineer who graduated from the University of Oviedo in Spain. He has 20 years experience in engineering, construction and mining companies. He worked as a metallurgist in the gold, copper and silver operation “El Valle” in the north of Spain, and more recently as Plant Manager in the nickel and copper “Aguablanca” operation with Lundin Mining.

The Board of Directors

The Board of Directors comprises five members; one Executive Director and four Non-Executive Directors. Chairman, Michael Masterman (Executive Director), has a wealth of minerals exploration and development experience. Non-Executive Director, Byron Pirola similarly has a wealth of experience in both the minerals industry and in finance and corporate development. David Garland, Non-Executive Director, has a wealth of experience in both the minerals industry and in law. Non-Executive Director Pablo Neria, has broad-based operations management experience and in-depth finance experience. James Argalas, Non-Executive Director has extensive experience in the financial and investment sectors. The structure of the Board ensures that no one individual or Group dominates the decision-making process.

The Audit Commitee

The Audit Committee, intends to meet no less than twice a year and considers the Group’s financial reporting (including account policies) and internal financial controls. The Audit Committee will be responsible for ensuring that the financial performance of the Group is properly monitored and reported on. The Committee intends receive reports from management and external auditors as required.

The Remuneration Committee

The Remuneration Committee comprising the Non-executive Directors, meets at leat once a year and is responsible for making recommendations to the Board of Directors, on senior executives remuneration. Non-executive Directors’ remuneration and conditions of engagement are considered and agreed by the Board. Financial packages for Executive Directors are established by reference to prevailing market conditions and performance of each executive director.