Directors and Management

Directors:

	David Smith BSc, Ph.D. in Metallurgy Non-Executive Chairman David has over 30 years of technical, operational and senior management experience within the Rio Tinto organisation. He was until recently the President of Rio Tinto Atlantic covering the Simondou Project in Guinea, West Africa. Prior to David’s appointment to Rio Tinto's iron ore operations in 2001, he was the Chief Executive Officer of Rössing Uranium Limited in Namibia responsible for annual sales of over 5 Mlbs of uranium oxide to power utilities worldwide. David is a qualified metallurgist residing in Perth, Western Australia, and his formal qualifications include a Bachelor of Science and Ph.D. in Metallurgy from the University of New South Wales in Australia.
	Len Jubber BCivil Eng, MBA Chief Executive Officer and Managing Director Len has more than 20 years experience in the minerals industry in Australia and internationally. Prior to joining Bannerman, Len was the Managing Director and Chief Executive Officer of Perilya Limited from May 2005 to March 2008, during a period of record profitability for the base metals miner. Len worked for seven years with Oceana Gold Limited, ultimately becoming Chief Operating Officer and an Executive Director of the company. Prior to working with Oceana Gold, Len spent eight years in southern Africa with Rössing Uranium Limited, a subsidiary of Rio Tinto and operator of the Rössing uranium mine, which is located less than 20 kilometres to the northeast of Bannerman's Etango Project. Len holds a degree in engineering and a post graduate degree in business administration.
	Geoff Stanley BSc.Geol (Hons) F.AusIMM, F.SEG, M.CIM Non-Executive Director Geoff has more than 25 years experience in the mining industry, including 15 years in New York's financial centre as a Managing Director, Senior Mining Analyst and Portfolio Manager, most recently with BMO Capital Markets and Platinum Partners. Prior to 1994, Geoff worked in Australia as a mining analyst with Jacksons Ltd, Jardine Fleming and the Warburg Group. Geoff spent the first six years of his career as an exploration geologist with Billiton.
	Ronnie Beevor B.A. (Hons) Non-Executive Director Ronnie has more than 30 years experience in investment banking and held the position of Head of Investment Banking at NM Rothschild & Sons (Australia) Limited between 1997 and 2002. Throughout his long career, Ronnie has had extensive involvement in the natural resources industry, in Australia and internationally. Ronnie was formerly a Director of Oxiana Limited, which successfully developed the Sepon gold-copper project in Laos, as well as the Prominent Hill copper-gold project in South Australia. Ronnie holds an Honours Degree in Philosophy, Politics and Economics from Oxford University and is a qualified Chartered Accountant.
	Clive Jones B.App.Sc(Geol), M.AusIMM Non-Executive Director Clive has more than 22 years experience in mineral exploration across a diverse range of commodities, including gold, base metals, mineral sands, uranium and iron ore. Clive is a founder of Bannerman’s Etango Project in Namibia and, along with another associate, retains an interest of 20 per cent in Bannerman Mining Resources (Namibia) Pty Ltd, the owner of the Etango Project.
	James McClements B.Ec (Hons) Non-Executive Director James has more than 25 years experience in the resources industry and in investment banking. James is a co-founder of Resource Capital Funds, a mining-focused private equity firm based in Denver, Colorado and with offices in Perth, Western Australia. James’ experience in the resources industry is particularly focused on resource financing and investing in junior mining companies globally. During his career, James was Senior Vice President and Director of N.M. Rothschild & Sons (Denver), responsible for the North American Resources banking. Prior to this, James worked with Rothschild Australia Limited, specialising in the financing of mining companies. James holds an Honours Degree in Economics from the University of Western Australia.
	David tucker BSc. Geol (Hons), MSc (Mining and Exploration Geology), M.AusIMM, FAICD Non-Executive Director David has more than 39 years experience in mining and exploration, including 20 years working as an exploration geologist, the first 10 of which were within the uranium sector with United Uranium NL, Noranda Australia, the Australian Atomic Energy Commission and Esso Australia Limited. David formerly managed business development, public affairs and investor relations for Homestake Gold of Australia, was Director of Corporate Affairs for Barrick Australia Pacific, and Director of Homestake's Australian subsidiaries, Barrick Mining Company (Australia) and Barrick Gold of Australia.
	Mason Hills BEc, LLB (Hons) Alternate Director for James McClements (capable of standing in for Mr McClements if Mr McClements is unavailable) Mason has practiced extensively in corporate, finance and resources law. Mason is in-house solicitor for Resource Capital Funds IV L.P. Prior to joining RCF in 2006, he was a partner of Wright Legal. Mason holds a Bachelor of Economics from the University of Western Australia and a Bachelor of Laws with First Class Honours from Murdoch University.

Management:

	Len Jubber BCivil Eng, MBA Chief Executive Officer and Managing Director Len has more than 20 years experience in the minerals industry in Australia and internationally. Prior to joining Bannerman, Len was the Managing Director and Chief Executive Officer of Perilya Limited from May 2005 to March 2008, during a period of record profitability for the base metals miner. Len worked for seven years with Oceana Gold Limited, ultimately becoming Chief Operating Officer and an Executive Director of the company. Prior to working with Oceana Gold, Len spent eight years in southern Africa with Rössing Uranium Limited, a subsidiary of Rio Tinto and operator of the Rössing uranium mine, which is located less than 20 kilometres to the northeast of Bannerman's Etango Project. Len holds a degree in engineering and a post graduate degree in business administration.
	Peter Kerr CA B.Comm F.Fin M.AusIMM M.AICD Chief Financial Officer Peter is an Australian Chartered Accountant with 20 years experience in the mining industry in Australia and Canada. He has held senior corporate and finance positions with companies in the gold and base metals sectors, including Teck Cominco Ltd and Northern Gold NL, the latter being an ASX-listed company which Peter, as Managing Director, built up from 2002 before it was acquired by Canadian company GBS Gold International Inc. via a public takeover offer in 2006.
	John Turney BE(Chem) Monash University, Melbourne Australia, MS (Met) Colorado School of Mines, Golden Colorado, USA Project Director – Etango John has overall responsibility for the development of the Etango Project, reporting directly to the CEO, Mr Len Jubber. John has more than 35 years experience in the resources industry. John has worked for mining and engineering companies in Australia and North America. While at Homestake Mining Company and Barrick Gold Corporation, he worked in mining and milling operations and project development in the USA, Canada, South America, Australia and Africa. Prior to joining Bannerman, John was General Manager Leaching at Bateman Engineering, based in Australia. In the past ten years, Mr Turney led the successful development of the Cowal gold project in Australia and the Tulawaka gold project in Tanzania, as well as other development and capital project roles for both Homestake and Barrick.
	Brandon Munro LLB, BEc, Grad Dip App Fin & Inv, G.AICD, F.Fin General Manager – Corporate Development Brandon has responsibility for corporate strategy, business development and Bannerman's corporate social responsibility programs, reporting directly to the CEO, Mr Len Jubber. Brandon has a legal background, having specialised in mergers & acquisitions and corporate law at leading Australian law firms. In more recent years, Brandon's appointments include executive director of an independent investment and advisory firm and an executive with an ASX200 resources and infrastructure group with operations throughout the world. He has a successful track record executing a range of complex, large scale transactions in the resources and infrastructure sectors across several continents. Brandon has worked extensively within the capital markets context for more than 10 years, predominantly in the energy and resources sectors.
	Keiron Munro BSc, MSc Head of Geology Kieron is a highly experienced geologist with over 30 years international experience in geological exploration, project development and mining operations. Kieron has extensive experience covering a wide range of precious and base metals, iron ore, vanadium, chromite, uranium and industrial minerals. Throughout his career he has worked on projects in Australia, New Zealand, New Guinea, Fiji, and north, east and southern Africa, South America, North America and Europe. Kieron is a Member of the Mineral Industry Consultants Association (MICA), the Australian Institute of Geoscientists (AIG), Geological Society of Australia (GSA) and Society of Economic Geologists (SEG).
	glen smith B. Com, ACIS Company Secretary Glen is a professional Company Secretary with a Commerce degree from Curtin University in Perth, Western Australia. He has been a qualified Chartered Secretary since 2006. Glen previously worked as Company Secretary of ASX listed automated fare collection company ERG Limited after initially being appointed Assistant Company Secretary in 2004. Prior to this, Glen held company secretarial positions for a number of small technology companies and was a compliance assistant for a responsible entity managing a number of managed investment schemes.
	leigh-ayn absolom BCom, BAcc, CA(SA) Financial Controller Leigh-Ayn is a qualified Chartered Accountant with public practice and mining industry experience. She has a Commerce degree from the University of Witwatersrand (Johannesburg, South Africa) and qualified as a Chartered Accountant (South Africa) with Deloitte in 2003. Since 2006, Leigh-Ayn worked as the Group Financial Accountant with ASX-listed iron ore development company, Murchison Metals Ltd. Prior to this, she was an Audit Manager with Deloitte Perth, Australia and Johannesburg, South Africa