People: Balamara Resources Ltd (BMB.AX)

BMB.AX on Australia Stock Exchange

0.04AUD
30 Oct 2014
Price Change (% chg)

$-0.00 (-2.22%)
Prev Close
$0.05
Open
$0.04
Day's High
$0.04
Day's Low
$0.04
Volume
50,000
Avg. Vol
229,334
52-wk High
$0.16
52-wk Low
$0.04

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Summary

Name Age Since Current Position

Derek Lenartowicz

2011 Executive Chairman of the Board

Michael Ralston

2011 Chief Executive Officer, Managing Director, Executive Director

Daniel Kendall

2013 Company Secretary, Financial Controller

Milos Bosnjakovic

2009 Executive Director

Kevin Alexander

Chief Geologist

Michael Hale

2011 Independent Non-Executive Director

Biographies

Name Description

Derek Lenartowicz

Mr. Derek Lenartowicz, BS Eng, MSE, serves as Executive Chairman of the Board of Balamara Resources Ltd, formerly Sultan Corp Ltd, since August 1, 2011. Mr Lenartowicz is a Mining Engineer with considerable experience in developing and operating resource projects, most particularly in Australia where he has lived for the past 35 years, and in Poland, his country of birth. Most notably he was General Manager of BHP’s Mt Keith Nickel Mine in Western Australia for 5 years, which is one of the largest nickel mines in Australia. In addition, he has held senior executive positions with View Resources and Syngas, both ASX listed resource companies. Mr Lenartowicz’s role at the company is to focus on strategic and technical matters, working closely with Mr Ralston. Mr Lenartowicz plays a hands-on role in the Bogdan and Nowa Ruda projects in Poland; owing to his close ties with that country.

Michael Ralston

Mr. Michael (Mike) John Ralston serves as Chief Executive Officer, Managing Director and Executive Director of Balamara Resources Ltd, formerly Sultan Corp Ltd, since August 1, 2011. Mr Ralston is a Chartered Management Accountant with extensive international experience. He has been directly involved in the resources sector in Australia since moving to Perth in 2004 and has been a Director and/or Chief Finance Officer for several ASX-listed resource companies in that time, including Terra Gold Resources, View Resources, Fireside Resources and most recently Kangaroo Resources. In his previous role, as Chief Financial Officer of Kangaroo Resources, Mr Ralston was an integral part of developing that business from a small shell company to a company with a market capitalisation of over $600 million within just two years, which was admitted into the ASX-300 in March 2012. He was directly involved with selling a majority position in Kangaroo Resources to a major listed Indonesian coal producer in 2011 before leaving to join Balamara. Mr Ralston has an executive role at Balamara, with a key focus on all corporate and financial decisions. Responsibilities include delivery on strategy and objectives, marketing the Company and raising capital. He is even a non-Executive Director of Conto Resources Limited.

Daniel Kendall

Mr. Daniel Kendall is Company Secretary and Financial Controller of Balamara Resources Limited.Mr Kendall is also the Financial Controller of the Company, and has significant accounting and governance experience within the resources sector. Mr Kendall graduated with a Bachelor of Commerce (Accounting and Finance) from Curtin University and is a member of the Institute of Chartered Accountants Australia. Mr Kendall is also studying to become a member of the Chartered Secretaries of Australia.

Milos Bosnjakovic

Mr. Milos Bosnjakovic serves as Executive Director of Balamara Resources Ltd, formerly Sultan Corp Ltd, since June 2, 2009. Mr Bosnjakovic is a lawyer by profession with strong links and network in the Balkan countries of the former Yugoslavia. He has been involved in the resources industry in Australia for over a decade and has considerable corporate experience within the industry. He has also built a successful construction business in Australia. Mr Bosnjakovic plays a critical role in the development of the Monty Project (Montenegro), as well as the recently acquired Varesh and RSC Projects (Bosnia-Herzegovina).

Kevin Alexander

Michael Hale

Mr. Michael Hale serves as Independent Non-Executive Director of Balamara Resources Ltd, formerly Sultan Corp Ltd, since April 12, 2011. Mr Hale has a long held interest in Public Administration including service in the Cabinet Office for the State Government of Western Australia. He has previously held elected positions with the governing bodies of the City of Perth and University of Western Australia. Mr Hale has over 35 years’ experience in public administration and corporate governance, having served on various Boards and Committees. Mr Hale plays the role of an independent Director; however he also played a role within the tender process for the Togo Phosphate Project.

Basic Compensation

Name Fiscal Year Total

Derek Lenartowicz

250,000

Michael Ralston

272,500

Daniel Kendall

--

Milos Bosnjakovic

250,000

Kevin Alexander

231,972

Michael Hale

--
As Of 29 Jun 2013

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