Sit and hope or take actions for a better outcome, page-69

Very VALID question !
Another HC posted recently posted that Regius Mining would now announce a takeover at these low prices - falls back in the hands of the same people at min cost ??? And didnt MUS just recently fork out money to them for our current leases ? ?
Where's Wombatt and Hardrock when you need something explained - so its clear and concise as to the business structure.
They always understood stood it soooo much better than the rest of us.


Our board of directors comprise a team of experienced professionals. We care deeply about the work we do and are passionate about creating new opportunities to help us grow as a company.

Our directors and management have an 12-year track record of investing & developing projects in Mozambique and have brought together an African gemstone operations & geological team with more than 180 years of collective experience.


Christiaan Jordaan[/paste:font]
Managing Director

(Appointed 25 February 2016)

Mr. Jordaan is the former Chief Executive Officer and Co-Founder of Regius Resources Group Ltd (“Regius”), the Mozambican-focused mining and exploration company that has been operating in Mozambique since 2004. Regius currently holds 15.02% of the issued capital of Mustang. Christiaan has extensive experience in managing mining and energy projects in Mozambique, an intimate knowledge of the Mustang projects from their inception, as well as the local operational environment. He is a Member of the Australian Institute of Company Directors, holds a Commercial Law Degree, and prior to co-founding Regius, he was a director of a financial services group in South Africa where he was responsible for risk management. He is based in Mustang’s Sydney head office.


Ian Daymond BA LL.B
Non-Executive Director, Chairman

(Appointed 30 July 2014)

Mr Daymond is a solicitor and consultant with more than 35 years as an external or in-house lawyer in the mining and resources area. He was General Counsel and Company Secretary of Delta Gold Ltd for over 11 years which saw the company grow from a small gold explorer into one of the largest gold producers in Australia with significant platinum and gold mining interests in southern Africa. Mr Daymond has significant independent director experience, having served as a non-executive director of the International Base Metals Ltd with substantial copper interests in Namibia and is the former chairman of ElDore Mining Corporation Ltd (ASX:EDM), ActiveEX Ltd (ASX:AIV) and Copper Range Ltd (ASX: CRJ) and a former non-executive director of Hill End Gold Ltd. Mr Daymond was the national chairman of the Australia-Southern Africa Business Council for 3 years and has substantial business, legal and corporate government precious, base metals and diamond projects, not only in Australia but also in southern Africa over the past 25 years. He is currently the Honorary Consol in NSW for the Republic of Botswana and a member of the Australia Africa Mining Industry Group which promotes corporate social responsibility principles amongst Australian mining companies with activities in Africa.


Cobus van Wyk
Non-Executive Director

(Appointed 10 June 2015)

Mr van Wyk is the Chief Executive Officer and co-founder of the Regius group of companies, obtained his Bachelor of Marketing at the Tshwane University of Technology and his MBA at the University of Wales. Mr van Wyk started his career in the financial industry and capital markets in the Bankcorp Group in South Africa. He commenced work on the Johannesburg Stock Exchange (“JSE”) in 1994 and is a qualified portfolio manager and Stockbroker. Mr van Wyk was accepted as a member of the JSE in January 1996, became a member of Safex in 1996 in the derivatives market. Since 1999 Mr van Wyk has been involved in corporate finance as part of his duties as a member of the JSE. Mr van Wyk has more than 23 years’ experience in the financial services industry which he is applying to the mining sector. Mr van Wyk has more than 10 years’ experience in mining and exploration ventures in Mozambique (tantalite & coal) as well as South Africa (platinum group metals).


Peter Spiers
Non-Executive Director

Mr Spiers has more than 30 years of international experience in the resources industry spanning exploration, mine development, operations and commercial roles.He spent 20 years with Western Mining Corporation (“WMC”), during which time he worked as a senior geologist, project manager and lastly Group Manager – Business Development prior to WMC being acquired by BHP Billiton for A$9.2billion.

Recently Mr Spiers was Managing Director of Orbis Gold, an ASX-listed West African gold company which was acquired for A$170 million in 2015 by SEMAFO Inc. at a 98% bid premium. Mr Spiers is a graduate geologist from the University of Melbourne and a Member of the Australasian Institute of Mining and Metallurgy.


Rob Marusco
(CFO & Company Secretary)

Mr. Murasco is a Certified Practicing Accountant in Australia, and has nearly 30 years of experience specialising in financial reporting, taxation law, corporate law and financial strategy. Furthermore, Mr. Murasco has experience in corporate management including company secretarial, governance and compliance dealing with the ASX, ASIC and other authorities for both ASX listed and private corporations. Accounting, financial and taxation services in the CFO role will be provided through Mr. Murasco’s consulting company MVP Accountants & Advisors Pty Ltd.


Paul Allan
(Senior Geologist, Montepuez Ruby Project)

Paul Allan (BSc Hons., Dip. Bus. M.) has over 25 years experience in multi commodity geology (predominantly precious stones exploration and evaluation). His initial experience began with Anglo American Research Laboratory (De Beers) in Kimberlite mineral chemistry & petrography and culminated in his role as Project Geologist for Gemfields PLC (GEM:LN) where he was instrumental in the initial development of their Montepuez Ruby Project in Mozambique. During his career in the gemstone industry Paul has also been involved in several diamond related ventures throughout Southern Africa which includes a role as the Regional Exploration Manager for SouthernEra (a Canadian Junior Diamond and platinum company) as well as Senior Project Geologist for Firestone Diamonds (FDI:LN). for several projects throughout Southern Africa, including the BK16 project in Botswana where SouthernEra conducted a large diameter drilling & sampling program as well as the geological exploration conducted on Firestone’s projects in Botswana and their flagship Liqhobong Diamond Mine in Lesotho.