BOARD OF DIRECTORS

Board of Directors

MATTHEW WOOD

Appointment

October 2016 as the Chairman, President and CEO and in December 2019 as the Executive Chairman. Chair of the Remuneration Committee.

Skills & Experience

Mr. Wood, an Australian citizen, is a mineral resource explorer and developer with nearly three decades of global experience in mining and commodities investments. Mr. Wood held numerous executive positions in the mining industry.

Mr. Wood was formerly the joint founder and Executive Chairman of ASX All Sector 2010 IPO of the year, Hunnu Coal Limited. Hunnu Coal was sold to Banpu PCL in 2011 for A$500M and was awarded global deal of the year at Hong Kong Mines and Money in March 2012. Mr. Wood is also the Chairman of largest Mongolian lithium exploration company Ion Energy Limited, Chairman of Five Star Diamonds Limited as well as listed TSX capital pool companies Antler Hill Mining and Spirit Banner II Capital Corp.

Mr. Wood has an Honours Degree in Geology from the University of New South Wales and a Graduate Certificate in Mineral Economics from the Western Australian School of Mines. He is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM).  Recently awarded the Order of the Polar Star, the highest state honour that can be awarded to a non-citizen of Mongolia.

BATAA TUMUR-OCHIR

Appointment

October 2016 as Executive Director and December 2019 as President and CEO.

Skills & Experience

Mr. Tumur-Ochir, a Mongolian citizen, has a wealth of global experience in the mining and oil and gas industry. Mr. Tumur-Ochir is responsible for new business acquisitions, development and government and community relations. He is also responsible for daily operations in Mongolia.

Under his guidance, Steppe Gold was awarded the “Best Investment of the Year Award” from the Ministry of Mining and Heavy Industry and Mineral Resource and Petroleum Authority of Mongolia in 2019. Mr. Tumur-Ochir is also Executive Director of Ion Energy LLC and GCD LLC Mongolia.

Mr. Tumur-Ochir holds a bachelor’s degree in business administration and graduate certificates in international business and marketing from institutions in Australia and Singapore.

ANEEL WARAICH

Appointment

October 2016 as Executive Vice President and Director.

Skills & Experience

Mr. Waraich, a Canadian citizen, is a financial services professional with over 15 years of progressive experience in capital markets. Mr. Waraich is Founder and Managing Partner of ATMA Capital Markets.

Mr. Waraich focuses primarily on advising public and private companies in the Natural Resources sector and has worked on over $1B in deals. In previous roles at Goodman and Company Investment Counsel and Dundee Capital Markets he worked as an analyst valuing private companies. Most recently Aneel worked as an investment banker focusing on deal origination, going-public transactions and financings for both public and private companies in the resource and technology sectors. Mr. Waraich is also on the board of Antler Hill Mining Limited and Spirit Banner Capital Corp.

Mr. Waraich received an MBA from Goodman Institute of Investment Management, at the John Molson School of Business.

PATRICK MICHAELS

Appointment

October 2017 as Director. Member of the Audit Committee.

Skills & Experience

Mr. Michaels, a Swiss citizen, is the Chairman of Zuri-Invest AG and the Chairman of Asty Capital AG in Zurich, Switzerland.

Mr. Michaels has been involved in numerous financings of gold mines in North America as well as various other countries and is a well-respected financial adviser and fund manager throughout Europe. Mr. Michaels has extensive experience in the fields of mining finance, fund management and asset allocation.

Mr. Michaels has a background in law and economics and did his training in the areas of private banking and investment research at UBS in Zurich. Additionally, he attended post-graduate courses at the Colorado School of Mines in Golden, Colorado.

BATJARGAL ZAMBA

Appointment

August 2017 as Director. Member of the Governance Committee and the Remuneration Committee.

Skills & Experience

Dr. Zamba, a Mongolian citizen, is currently serving as the Special Envoy of Mongolia on Climate change, National Focus Point of Mongolia for the United Nations Framework Convention on Climate Change (UNFCCC) covering the coordination of activities related to the Intergovernmental Panel on Climate Change (IPCC) and Green Climate Fund (GCF).

Dr. Zamba was the Minister of the Environment of Mongolia from 1990 to 1996 and Director-General of the National Agency for Meteorology, Hydrology and Environmental Monitoring from 1996 to 2001 and Ambassador of Mongolia to Japan from 2001 to 2005. From 2005 to 2001, he was working in New York as the Representative of the UN specialized agency-World Meteorological Organization (WMO) to the United Nations.

Dr. Zamba was also an advisor at the Office of the President of the United Nations Environmental assembly (UNEA) of UNEP in Ulaanbaatar (2014-2016).

Dr. Zamba received  a Doctorate from Russian State Hydrometeorological University.

BATKHUU BUDNYAM

Appointment

June 2019 as Director. Chair of the Audit Committee and member of Governance Committee.

Skill & Experience

Mr. Budnyam, a Mongolian citizen, is a successful entrepreneur and financial expert and has extensive experience in the banking and finance sector in Mongolia. Until recently, Mr. Budnyam served as a Chairman of Chinggis Khan Bank.

Prior to joining Chinggis Khan Bank, Mr. Budnyam was Managing Director of Organic Solutions Mongolia LLC from 2013 – 2018. Prior to Organic Solutions Mongolia LLC, he was Managing Director of MFS Capital LLC from 2007-2015.

Mr. Budnyam received a bachelor’s degree in economics from the National University of Mongolia.

SEREENEN JARGALAN

Appointment

August 2019 as Director. Member of the Audit Committee.

Skills & Experience

Dr. Sereenen, a Mongolian citizen, is an outstanding geologist with over 30 years of experience in the resources sector including base and precious metals and other commodities.

Dr. Sereenen is Professor and the Head of Mineral Exploration department at the School of Geology and Mining Engineering, Mongolian National University of Science and Technology since 2011. Dr. Sereenen teaches ore geology and metallogeny to Bachelors, Masters and Doctorate students. Prior to 2011,Dr. Sereenen worked as an associate professor at the Mongolian University of Science and Technology.

Dr. Sereenen completed her graduate study at the Tohoku University in Sendai, Japan in 2002. Dr. Sereenen received her Master’s Degree from Tohoku University in Sendai, Japan in 1999.

STEVE HAGGARTY

Appointment

August 2019 as Director. Chair of the Governance Committee and member of Audit Committee.

Skills & Experience

Mr. Haggarty, a Canadian citizen, has over 35 years of industrial experience both on-site and at a corporate level, involving several precious metal and copper producers, with a back background in project design, commissioning, start-up, metallurgy, process optimization, project management, reclamation, and closure.

Mr. Haggarty is the Managing Director of Haggarty Technical Services Corporation and a registered member of the Professional Engineers Ontario. Mr. Haggarty’s industry experience includes 24 years in operations and 14 years in corporate and EPCM-related roles. Most recently, Mr. Haggarty was Senior Director, Metallurgy at Barrick Gold Corp. Mr. Haggarty has worked at multiple mine sites around the world, including as General Manager of Barrick Gold’s Veladero heap leach project in Argentina. He is considered a technical leader in heap leach processing, implementation and optimization.

Mr. Haggarty received his Master of Engineering in Metallurgy, Mining, Mineral Processing from McGill University.