Strategy

Having successfully completed the Mount Morgan Definitive Feasibility Study in December 2016, the Company is strongly focused on progressing the Project towards construction and production.

The Company has commenced discussions with potential financiers who have expressed an interest in financing the Project.

The Company will also continue to work on other recognised opportunities to improve the project economics.  This includes continuing discussions with the Queensland Government and other stakeholders in relation to infrastructure suport and project expectations.

Once in production, and after a short payback period, the Project will provide a steady cash flow for many years enabling a strong growth platform for the Company.

The Company is committed to providing investors with significant returns on their investment and assisting in a new generation of thinking towards environmental cleanup, heritage sustainability and community interaction.

Carbine is managed and backed by a technically and commercially successful team with a track record of mine building and delivering significant value to shareholders.

Directors & Management

John Fitzgerald (Non-Executive Chairman)

Mr John Fitzgerald is an experienced mining and finance executive and is also a non-executive director of Northern Star Resources Limited (ASX: NST), Danakali Limited (ASX: DNK) and Dakota Minerals Limited (ASX: DKO).

Prior to these roles, Mr Fitzgerald was previously Chairman of Integra Mines and Atherton Resources and has held senior positions at NM Rothschild & Sons, Investec Bank Australia, Commonwealth Bank and HSBC Precious Metals.

Tony James (Managing Director)

Mr Tony James is mining engineer with considerable operational, new project development and corporate experience including recent roles as Managing Director of Atherton Resources (ASX: ATE) and Mutiny Gold (ASX: MYG). At Atherton Resources he achieved a favourable outcome for shareholders following the takeover by Auctus Minerals. At Mutiny he led the implementation of a revised development strategy for the Deflector copper-gold deposit in WA that resulted in the successful merger of Mutiny Gold and Doray Minerals (ASX: DRM).

Prior to these roles, Mr James held a number of executive positions with international gold producer Alacer Gold Corporation, including President of its Australian operations following the merger between Anatolia Minerals (TSX: ANO) and Avoca Resources (ASX: AVO) in 2011.  He also played a key role in Avoca’s initial growth and success, leading the feasibility and development of the Higginsville Gold Operations.

Graham Brock (Non-Executive Director)

Mr Graham Brock is a metallurgist with over 40 years’ experience in the mining industry, and in particular gold and base metal projects. He has been involved in the full range of mine development activities from feasibility through construction, commissioning and operations.

Mr Brock has been previously involved in development of several successful gold mines including Golden Crown, Westonia, Wirralie, Waihi, Big Bell, Mt Hogan, Salsigne and Stawell. Within the base metal sector, he was also part of the successful development of Mt Keith, Lake Johnston, Kambalda, Honeymoon Well, Black Swan, Golden Grove, Wheal Jane and Namosi.

Evan Cranston (Non-Executive Director)

Mr Cranston is a lawyer specialising in corporate and mining law. He has extensive experience in the areas of public listed entities including capital raisings, IPOs and liaison with market analysts and potential investors, together with corporate governance, the ASX Listing Rules and the Corporations Act.

His experience in mining law extends to tenement acquisition agreements, mineral rights agreements, joint ventures and mergers and acquisitions. He holds both a Bachelor of Commerce and Bachelor of Laws.

Evan is currently a director of Boss Resources Limited, Attila Resources Limited, Clancy Exploration Limited, Cradle Resources Limited and Primary Gold Limited.

Chris Newman (Manager of Geology)

Mr Chris Newman is an experienced exploration geologist with considerable experience in greenfield and brownfield discovery. He was previously Executive Vice President/Chief Exploration and Geology Officer for Alacer Gold.

Prior to this role, Mr Newman was Manager Geology for Avoca Resources and was credited with the discovery and growth of the Trident ore body at Higginsville.  He has also held a number of senior geological and management positions, including roles WMC and BHP Billiton.

Terry Moylan (Chief Operating Officer)

Mr Moylan is a mechanical engineer with 43 years’ experience in mining and metals production.  He was previously the General Manager of Projects & Business Development for Norton Gold Fields, where he was responsible for the continued development and operation of the 3.5Mtpa (180koz gold pa) Paddington Gold Mine.

Terry has also developed new gold mines in Australia, Mongolia and China and has been involved in the exploration and evaluation of gold and copper assets in Mongolia and Siberia.  In addition, he has worked for Newmont Gold and Reynolds Metals on the expansion and reorganisation of mining operations in Australia.

Most notably, Terry was responsible for the development of the first gold processing plant in Mongolia at Boroo, and was awarded the 2003 Distinguished Miner of the Year Award by the Government of Mongolia.

Corporate Governance

The primary responsibility of the Board is to represent and advance shareholders interests and to protect the interests of stakeholders. To fulfil this role the Board is responsible for the overall corporate governance of the Company including its strategic direction, establishing goals for management and monitoring the achievement of these goals.

The responsibilities of the Board include:

  • Protection and enhancement of shareholder value.
  • Formulation, review and approval of the objectives and strategic direction of the Company.
  • Monitoring the financial performance of the Company by reviewing and approving budgets and monitoring results.
  • Approving all significant business transactions including acquisitions, divestments and capital expenditure.
  • Ensuring the adequate internal control systems and procedures exist and that compliance with these systems and procedures is maintained.
  • The identification of significant business risks and ensuring that such risks are adequately managed.
  • The review of performance and remuneration of executive directors and key staff.
  • The establishment and maintenance of appropriate ethical standards.
  • Evaluating and, where appropriate adopting, with or without modification, the ASX Corporate Governance Council’s Principals of Good Corporate Governance and Best Practice Recommendations.
  Directors Code of Conduct
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  Corporate Code of Conduct
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  Remuneration Committee Charter
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  Performance Evaluation Procedure
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  Induction Procedures for New Directors and Executives
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  Risk Management Guidelines and Policy
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  Shareholder Communication Guidelines and Policy
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  Disclosure Policy
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  Procedure for Selection and Appointment of External Auditor
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  Audit Committee Charter
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  Procedure for Selection and Appointment of Directors
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  Independence Advice Procedure
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  Independence Materiality Thresholds
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  Board Charter
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Securities Trading Policy

  Securities Trading Policy
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