Board of Directors and Management Team

BOARD OF DIRECTORS

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ROBERT NORMAN ASHLEY 

Independent Non-Executive Chairman

Robert joined the Company in September 2021 as the Independent Non-Executive Chairman. He currently also acts as an Independent Non-Executive Chairman for Galena Asset Management S.A. and Galena Asset Management Pte. Ltd.

Robert began his career as the Private Secretary to Rt. Hon. Sir William McMahon CH MP, former Prime Minster of Australia. He then moved to a series of roles as a Money Market dealer at Inter Company Securities Pty Ltd and Ord Minnett before joining Rothschild Australia in Melbourne in the same capacity. Robert was seconded to Harris Trust and Savings Bank Chicago for training in foreign exchange and derivative instrument trading. Robert relocated to Sydney to assume senior trading and management positions with the Rothschild Group in Australia and Asia ultimately being appointed as a Managing Director of NM Rothschild & Sons and as global Head of Treasury from London. He was a member of the NMR Management Committee, the Executive Committee and the Credit Committee. He was Chairman of The London Gold Market Fixing Limited. Robert worked as a consultant for multiple companies and as a non-executive director of AIM listed companies Hidefield Gold plc and East West Resources plc (Ambrian Capital). He represented Galena interests as a non-executive director of Western United Mines Limited, Cornwall. Robert studied electrical engineering at Royal Melbourne Institute of Technology and the University of NSW before switching to a career in finance and banking.

His focus as Chairman is to ensure effective oversight of the Company’s strategy and key issues by the board of directors as well as maintaining efficient communications with Shareholders.

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MARK EDWARD THOMPSON

Executive Vice Chairman

Mark co-founded the Company in 2019 and is an experienced investor, trader and executive in the natural resources sector with a background managing large portfolios of risk within the alternative assets space, investing in mining companies, providing strategic advice and holding senior executive positions.

Mark began his career at Deutsche Bank in Metal Derivatives, futures and options market making team. Mark then moved to NM Rothschild & Sons where he was an Assistant Director and Head of Base Metal Options Trading, before moving to Trafigura Group / Galena Asset Management as Head of proprietary trading of base metals and bullion as well as being a Portfolio manager of GAM Metal Derivatives Fund, managing US$830 million. In 2008, Mark joined Apollo Management International LLP as a Partner managing approximately US$120 billion across Private Equity, Capital Market Funds and Hedge Funds. Mark holds a B.A. in Physics from the University of Oxford.

Mark holds the position of Executive Vice Chairman of the Company and his focus is coordinating the executive committee and supporting the Chairman to ensure effective Governance of the Company’s strategy and key issues by the board of directors.

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ANTHONY NIGEL WIDDOWSON

Chief Financial Officer

Nigel was appointed to the board of the Company in July 2021 as Chief Financial Officer. He has over 20 years’ experience as a CFO within SME’s, VC/PE backed and leveraged business across a variety of sectors including natural resources, construction, leisure and technology.

Nigel began his career as an Auditor in PricewaterhouseCoopers, before becoming a Corporate Finance Manager. On leaving PWC he worked as a Finance Analyst and in Strategy and Business Development in British Telecommunications plc and Cable and Wireless Communication plc respectively. Nigel then worked as CFO of Complinet Group Limited where he oversaw the business from start up through rapid global expansion to eventual sale. He then became CFO of Shoaibi Group, a US$0.5 billion turnover Oil and Gas business based in Saudi Arabia. Most recently Nigel acted as Group CFO for Horatio Investments Limited, a family office investment vehicle, and as Group Finance Director for Burrington Estates, a property developer with approx. £60 million turnover. Nigel holds a BSc. in Physiology and Pharmacology from Southampton University. He has been a member of the ICAEW since 1995.

His focus as CFO is to oversee all financial aspects as well as internal auditing to ensure continued good management and profitability of the company.

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THE HONOURABLE
FRANCIS PATRICK HARCOURT VANDEN-BEMPDE-JOHNSTONE

Non-Executive Director

Francis joined the Company as a non-executive director in May 2019 as part of his role as an Investment Adviser to Baker Steel Resources Trust Ltd, one of the Founder Shareholders.

Prior to this role, Francis started his career in corporate finance and mergers and acquisitions at Citibank and entered the mining business in 1989 with Cluff Resources plc where he became Group Projects and Operations Manager. Francis was a key member of the team who built Freda Rebecca, the largest gold mine in Zimbabwe, the Ayanfuri Gold Mine in Ghana and negotiated for and discovered the Geita Gold Mine in Tanzania. He joined Ridge Mining plc as Commercial Director and was an integral member of the team that undertook a feasibility study, financed and developed the Blue Ridge Platinum Mine in South Africa. Ridge Mining was acquired by Aquarius Platinum Ltd in July 2009 for £134 million.

Francis represents Baker Steel Resources Trust Ltd as a significant shareholder and acts as a Non-Independent Non-Executive Director.

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RICHARD (Rick) WILLIAM MACFARLANE MAXEY

Non-Executive Director

Richard joined the Company as a Non-Executive director in December 2020 and informally represents the Company’s shareholders, Henry Maxey and Eden Rock.

Richard started his career as an Associate Consultant in the Transaction Services Group at PricewaterhouseCoopers Strategy Group, specialising in European commercial due diligence and strategy consulting. Having worked on several corporate and private equity transactions, Richard moved to Earlcrown Ltd, a private equity and property group with a range of portfolio investments, primarily in the consumer goods sector. Richard then worked for a South African family office, Vasari Global Ltd, as a principal, running the specialised private resources fund gaining extensive knowledge of, and experience in, the natural resources sector investing in public and private mining businesses worldwide. Richard currently works as a consultant investment advisor to an investment advisory firm, Eden Rock Group, that invests its proprietary capital with a focus on venture and early-stage private equity across a range of sectors. Richard holds a B.A. in Economics and Management from the University of Oxford and is a CFA charterholder.

Richard acts as a Non-Independent Non-Executive Director.

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Grace joined the Company in September 2021 as a Non-Executive Director and the Chair of the Audit and Risk Management Committee.

Grace qualified at Arthur Andersen and later moved to Deloitte & Touche as a Tax Manager, where she worked in corporate tax in a variety of sectors before transferring to the Real Estate, Travel and Tourism department. Grace then became the Group Tax Manager at Royal & Sun Alliance (RSA) where she was responsible for managing the tax affairs of the Group’s Emerging Markets operations with expertise in international and M&A tax and transfer pricing. Most recently, Grace has worked for ten years at Legal & General Group (L&G) where she has been the Chief Taxation Officer since 2015. Grace holds a BA in Economics with Econometrics from the University of Kent at Canterbury and is ACA and CTA qualified with first time passes in each.

Her focus is as Chair of the Audit and Risk Management Committee, who assists the Board in discharging its duties regarding the financial statements, accounting policies and the maintenance of proper internal business, and operational and financial controls.

GRACE ELANOR STEVENS

Independent Non-Executive Director

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DAVID CONNAL CATHER

Senior Independent
Non-Executive Director

David joined the Company in September 2021 as a Non-Executive Director.

David was formerly CEO (Mining) of Abu Dhabi Capital Group, a private family office based in UAE and immediately prior to that was CEO of Avocet Mining plc, an LSE and Oslo listed gold production company with a 95,000oz per annum operating mine in Burkina Faso and an advanced development project in Guinea. David’s previous roles include Chief Operating Officer of European Goldfields and being a member of a London based fund management team and various positions with Anglo American plc. He has participated in numerous acquisitions and IPOs of mining companies on various stock exchanges and has significant expertise in mine development.

 

He is currently Non-Executive Chairman of Metals Exploration PLC, an Independent Director of JSC AK Altynalmas, a Kazakhstan listed emerging mid-tier gold producer and of Galantas Gold Corporation, a dual listed (AIM:TSX.V) Northern Irish underground gold developer.

 

David is Chair of the Remuneration Committee and the Technical Committee.

PROJECTS & TECHNICAL TEAM

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James McFarlane is a globally experienced technical mining professional, with a strong background in UK Mining Operations. James has held senior roles in active mining operations in England, Wales, Scotland, Ireland and Australia, and has worked as a principal mining consultant across a range of commodities globally. He was formerly Mining Technical Services Manager at Hemerdon under Wolf Minerals.

James holds a MSc from the Camborne School of Mines in Mining Geology and is a Fellow of the IOM3, through which he is also a Registered Mineral Resources and Reserves Reporting Practitioner and Chartered Engineer. James is a Registered Professional Geoscientist in the fields of both Mining and Mineral Exploration with the Australian Institute of Geoscientists, a Fellow of the Geological Society of London and a Fellow of the Institute of Quarrying.

JAMES MCFARLANE
Managing Director

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Ian holds a Bachelor of Engineering (Mechanical) from Curtin University (Western Australia) with over thirty years’ experience associated with the delivery of mining projects covering studies through to successful delivery.

He has held project management positions within junior and experienced mining organisations along with working within the engineering and construction sectors.

IAN REYNOLDS
Project Manager

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Warren has over 25 years international experience in the minerals processing industry. His areas of expertise include process engineering, plant design and commissioning in the minerals and metals sectors.​

With well over 20 projects, Warren has been at the forefront of Dense Medium Separation, Ultra High DMS, XRF & XRT ore sorting design. He brings a wealth of knowledge in these key areas to Tungsten West.

WARREN MONAGHAN

Processing Engineering Manager

BOARD COMMITTEES

Audit and Risk Management Committee

The Audit and Risk Management Committee comprises Grace Stevens, who will act as chair, David Cather and Francis Johnstone.

Remuneration Committee

The Remuneration Committee comprises David Cather, who will act as chair, Robert Ashley and Richard Maxey.

Technical Committee

The Technical Committee comprises David Cather, who will act as chair and Mark Thompson.