Only 4 low cost Directors, not sure about the Chairman...

Only 4 low cost Directors, not sure about the Chairman (Willesee) as he is also on the board of Coretrack which has been a complete disaster.

The other 3 directors all seem to have good pedigree. Zeffron as MD has a reputation for new discoveries so he knows what he is doing.

Cob Johnstone was with Sino Gold and Equinox before both were taken over which is a good chance of what will happen here if we start proving up a solid resource.

Butchart is the MD of Cadan Resources which owns 20% of Comval and 3% of MNE plus options. They are listed in Canada and have a market cap of CD $21 million and seem to pin a few hopes on the success of MNE and our market cap is less than $10m. They are also doing some small scale mining in the Phillipines and seem to have let go Comval, the apparent jewell in the crown due to financial hardship at the time.

Overall, I think we are in good hands.

Mr Zeffron Reeves

B.Sc (Hons) (Applied Geology), MBA, MAIG - Managing Director

Mr Reeves has more than 15 years geological experience, most recently working with Cleveland Mining Company Ltd as Principal Exploration Geologist, where he was responsible for the delineation of the Premier Gold Mine resource as well as several new discoveries within the Crixas greenstone belt in Brazil. He has also had discovery success in Brazil and Australia with Ashburton Minerals having delineated previously unknown mineralisation within the Pocone Goldfield, inBrazil as well as uncovering the potential of theMt Webb copper gold project in Australia.

Mr Reeves has a broad range of experience, from grass roots exploration to underground mining. He also has extensive corporate and commercial experience gained as commercial manager for a WA based electrical engineering contracting business and in his roles with Cleveland and Ashburton, and has an MBA from the Curtin Graduate School of Business.

From Mining Group’s inception, Mr Reeves has worked as a consultant to the company, having provided technical, corporate and commercial consulting services to the Company during the project acquisition process and in developing and executing the Company’s current exploration programme.



Mr Colin (Cobb) Johnstone

BE (Mine) - Non-Executive Director

Mr Johnstone was formerly Chief Operating Officer at both Equinox Minerals Limited, and Sino Gold Mining Limited prior to their respective acquistions by Barrick Gold Corporation and Eldorado Gold Corporation. Most recently, he was Managing Director of Territory Resources Limited.

He is a mining engineer with over 30 years' experience in the copper, gold and metalliferous mining industries, including both large open cut and underground operations. Mr Johnstone has extensive industry experience, having served as General Manager at some of Australia's largest mines, including KCGM, Olympic Dam and Northparkes. He has successfully constructed and operated mines in offshore jurisdictions including Zambia, China, Canada, Argentina as well as Australia.



Mr Robert Butchart

Non-Executive Director

Mr Butchart has been involved in the mining industry for more than 25 years. He has owned and operated exploration companies and drilling rigs in Australia and overseas, and has been involved in heap leaching operations and narrow vein underground gold mines.

Mr Butchart is the President and Chief Executive Officer of Cadan Resources Limited, from whom Mining Group recently acquired an 80% interest in the Comval Copper Gold Project in the Philippines.


Board of Directors




Mr Winton Willesee

BBus, DipEd, PGDipBus, MCom, FFin, CPA, MAICD - Non - Executive Chairman

Mr Willesee is an experienced Director in the small capitalisation sector of the ASX and brings to Mining Group a broad range of experience in company development, company administration, corporate governance and corporate finance. Mr Willesee has a Master of Commerce, Post Graduate Diploma in Business (Economics and Finance), a Diploma in Education and a Bachelor of Business. He is a fellow of the Financial Services Institute of Australasia and a member of CPA Australia. Mr Willesee is also a Non-Executive Director of Base Resources Limited, Coretrack Limited, Future Corporation Australia Limited and Newera Resources Limited, and Non-Executive Chairman of Cove Resources Limited. He is also currently the Company Secretary of a number of ASX listed companies.