The Team


Peter Williams, Managing Director

Mr Williams was formerly Chief Geophysicist and Manager of Geoscience Technology for WMC Resources. He was one of the founding members of Independence Group Limited and developed high powered 3 component 3D time domain electromagnetic applications that led to the discovery of over 75,000t of nickel at the Victor Long Nickel Mine in Kambalda. Peter has extensive experience in successful exploration for different mineral systems around the world, in both Greenfields, Brownfields and In-mine exploration, including porphyry, orogenic and epithermal gold, skarns and IOCG deposits. He has been intimately involved in the development of new global exploration techniques and work flows. Peter was a co-founder of the International Resource Sector Intelligence company, Intierra, and was a co-founder of the first dedicated hard rock mineral seismic company in the world, HiSeis. He was involved in the target identification and acquisition of in excess of 10+ million ounces of gold in West Africa, including the multimillion ounce Wahignion and Batie Gold Deposit in Burkina Faso and Papillion’s Gold Deposit in Mali. Peter is an Adjunct Professor of the Center for Exploration Targeting at the University of Western Australia and is on the Advisory Board of the Institute of Mineral and Energy Resources at the University of Adelaide.

Ernest Thomas Eadie, Non-Executive Chairman

Mr Eadie is a well-credentialed mineral industry leader and explorer with broad experience in both the big end and small end of town. He was the founding Chairman of Syrah Resources, Copper Strike and Discovery Nickel as well as a founding Director of Royalco Resources. At Syrah, he was at the helm during acquisition, discovery and early feasibility work of the huge Balama graphite deposit in Mozambique which is due to start production in mid-2017. Copper Strike, where he was also Managing Director for 10 years, made several significant copper/gold and lead/zinc/silver discoveries in North Queensland, while Discovery Nickel (later to be renamed Discovery Metals), found and developed the Boseto copper deposit in Botswana. Prior to this, Mr Eadie was Executive General Manager of Exploration and Technology at Pasminco Limited, at the time the largest zinc producer in the world. This came after technical and later management responsibilities at Cominco and Aberfoyle in the 1980s.

Mr Eadie has a Bachelor of Science (Hons) in Geology and Geophysics from the University of British Columbia, a Master of Science in Physics (Geophysics) from the University of Toronto and a Graduate Diploma in Applied Finance and Investment from the Security Institute of Australia. He is a Fellow (and past board member) of the Australian Institute of Mining & Metallurgy (AusIMM) and a Member of the Financial Services Institute of Australasia (FINSIA).

Frank “Bruno” Hegner, Executive Director

Mr Hegner has more than 25 years of experience as a corporate manager and executive. His previous roles include Rio Tinto’s Managing Director of Major Copper Projects, based in Salt Lake City, and Vice-President/General Manager of Resolution Copper Company in Phoenix, Arizona. More recently, Mr Hegner was Managing Partner of his own consultancy, which included him serving as President and Director of TSX-V-listed company Discovery Harbour Resources. He also worked as an attorney at one of Utah’s top law firms.

Mr Hegner, who is based in Utah, has significant experience in the management and development of major copper projects in the USA including land titles, permitting, acquisitions, governmental relations, cost management, project management and operations including overseeing teams of more than 300 employees. Mr Hegner will lead US operations, focusing on exploration of the Company’s Frisco Copper Project in Utah.

Nicolaus Heinen, Non-executive Director

Mr Heinen is the Founder and Managing Partner of Belgrave Capital Ltd, a London based investment management firm. He has been actively involved in the natural resources sector since 2004.

Mr Heinen joined private bank Sal. Oppenheim jr. & Cie. in 1992 as a founding member of its Corporate Finance team. From 1996-98 he co-managed the bank’s UK institutional equity brokerage arm. From 1999-2004 he was Managing Partner of Rhein Trust, an investment company specialised in venture capital, pre-IPO investments and real estate.

In 2004 he founded Mongold Mining Inc., a gold exploration and mining company which developed one of Mongolia’s largest conglomerate gold deposits. As its CEO, he oversaw the acquisition of the assets, exploration, capital raising and development towards mine production. In 2005 he founded Universal Copper International Inc., which discovered. explored and developed one of Mongolia’s largest VMS-style copper deposits (”White Hill”). He served as the company’s CEO until its acquisition by Kerry Mining Group, Singapore in mid- 2008. During his tenure, he was responsible for building up the company from a greenfield project into project advanced exploration/development project. His responsibilities included the creation and implementation of operational and financial structures, substantial capital raisings as well as financial/operational controlling. He structured and managed the sale of the Company.

Other investments have included private equity transactions in various engineering companies as well as real estate.

Mr Heinen holds a BSc (Hon.) in Economics from the London School of Economics (LSE) and an MA in War Studies from King’s College, London.

Marat Abzalov, Non-executive Director

Dr Abzalov is a geologist with 35 years of experience holding a PhD degree in Geology obtained for studying nickel deposits in Russia and Fennoscandia. In his diverse geological career with the projects encompassing five continents, different commodities and deposit types, he has fulfilled various roles in research, exploration and mining geology, including senior management positions at WMC Resources (Geology Manager – Projects) and Rio Tinto (Exploration Manager – New Opportunities, Eurasia). Dr Abzalov has managed and consulted on a wide range of exploration and mining project studies from green-field exploration to bankable feasibility and using his innovative approach of geostatistically assisted 3D structural modelling, has led WMC Resources to successful resource growth at Olympic Dam and Cliffs Nickel deposits. He was also instrumental in the discovery of uranium resources in Jordan. His expertise and technical skills have been acknowledged in the industry. In 2015 he was awarded the Dani Krige’s Gold Medal by the South African Institute of Mining and Metallurgy (SAIMM) and his monograph “Applied Mining Geology”, published in 2016, has increasingly become the preferred technical guide for exploration and mining geology specialists.