Mr Fernandez-Torres, a qualified industrial engineer, has been involved in the mining industry for over 30 years, including over 20 years within Rio Tinto and 5 years within the Sibelco Group. More recently, he was the COO of two copper/cobalt mining projects in the Democratic Republic of Congo, the first controlled by AIM-quoted Nikanor PLC (subsequently acquired by Katanga Mining Limited), and the second by a joint venture between Glencore and local interests. Immediately prior to taking up his role with the Company, Mr Fernandez-Torres headed the project in northern Spain to reopen abandoned gold mines for TSX-listed Orvana Minerals Corp.

Luca Bechis joined the board on as a non-executive director of the Company on 2 September 2011. Mr Bechis is a founding partner of Richmond Capital LLP, a London based FSA authorised investment management firm established in 2004. Prior to this, Mr Bechis was a partner at hedge fund Egerton Capital from 1997 to 2004 and a European equity analyst at Cazenove & Co from 1990 to 1997. Richmond Capital LLP is the investment advisor to Richmond Partners Master Fund (Cayman Islands), the largest shareholder of the Company. Mr. Bechis is acting as a non-executive director and interim chairman.

Mr. Allan has extensive experience in project management across Europe, his breadth of expertise including regulatory risk, IT, and security. Since 2002 he has worked as project manager for UBS advising on various projects including establishing a premier investment bank in Eastern Europe. This task has seen him manage the creation of a new bank in Russia and the organisation of both facilities and administration in Ukraine and Kazakhstan. He has previously provided security consultancy in UK and internationally. Mr. Allan was a member of the planning team for the mergers of SG Warburg with Swiss Bank Corporation to form SBC Warburg and subsequently SBC Warburg with Union Bank of Switzerland to form UBS Warburg. He was responsible for the year 2000 project for Warburg Dillon Read and continues to manage International Projects.

Guy Coltman is a partner in the corporate group at Carey Olsen, a Channel Islands law firm.  Guy has extensive experience in cross-border and offshore legal matters and advises a number of listed and non-listed groups.  Prior to moving to Jersey, Guy worked in the City of London practising as an English solicitor for leading international law firms. Guy is a solicitor of the Supreme Court of England and Wales(non-practising) and an Advocate of the Royal Court of Jersey. Member of the Audit & Risk and Compensation & Nominating Committee.

Dr. Joachim Martin (Non-Executive Director)

Dr. Martin is an expert in the field of tantalum and other rare metals.  He was formerly General Manager; Raw Material Sourcing at H. C. Starck, one of the world's leading rare metals companies and prior to that, the Manager of the H. C. Starck Goslar Plant.  He now consults widely in the rare metals field and holds a PhD in Mineralogy and Economic Geology. Member of the Audit & Risk and Health & Safety committees.

Mr. Benning is a registered Professional Engineer with a BSc in Engineering (Mining) from the University of Witwatersrand, South Africa and an MBA from Henley Management College, UK, and is an Associate of the South African Institute of Mining and Metallurgy. Mr. Benning has three decades of experience in mining, in operations, equipment and finance. He was an Investment Advisor to African Global Capital and has worked for Absa Capital (Barclays Bank), Rand Merchant Bank and Anglo American, and is currently Head of South African operations of Hemisphere Corporate Services, a Perth, an Australia-based private company with mining interests.

Dr. Berglund is a Professor of Medicine at Lund University, Sweden. He is the Chairman and Controlling Shareholder of West Air Europe AB, an air cargo airline with revenues in excess of € 70 million.

Mr Eggers is a qualified accountant and tax consultant in Germany, having joined Arthur Andersen in 1969, and rising to the position of Managing Partner at both their Munich (1979-1997) and Prague (1990-1993) offices. Since 1997 he has sat on the boards of a number of quoted and unquoted companies as well as undertaking a number of consultancy appointments. Member of the Audit & Risk committee.

Management

In addition to the above, the key personnel within the Group that will be responsible for the operation and development of the business are:

Jose Luis Nunes de Barros (Chief Financial Officer)

José Luis Nunes (Zeca) de Barros Jr CISA (SA & UK), CFA (SA) and CIMA level IV* joined Noventa on 19 August 2011 as the Company's Chief Financial Officer. Zeca is a Portuguese and South African citizen and was born in Mozambique.  He has been involved in the mining industry for over six years.  His experience includes setting up, staffing and managing the finance and administration as well as the IT, logistics and camp security and management at the Moma titanium mine in Mozambique owned by Kenmare Resources Plc from 2006 to May 2010. From June 2010 to present he has been responsible for the finance and administration in Mozambique for Resource Drilling Mozambique which has been involved in drilling for Vale, Riversdale and Rio Tinto. Previous to the above appointments, Mr de Barros has had extensive experience in South Africa and Asia in the pharmaceutical industry.

Délio is a Mozambican and speaks fluent Portuguese. He graduated at Uniswa and Unisa, Bsc M/Phys and MDP, respectively. He has worked in the Engineering field in projects and maintenance since 1996. Since graduating he has been directly involved in the construction, commissioning, start-up and operations of two mega projects in Mozambique namely: BHP Billiton's Aluminium Smelter and Kenmare Moma Titanium Mine. He has over 12 years experience in mining in Mozambique and has been involved in strategic development of key skills for the sustainability of these operations with Mozambican employees as well as having facilitated design and stable supply of electrical power transmission from Nampula to the Moma mine. Delio has strategically been involved in achieving nameplate design of all the operations he was involved in with success and financial sustainability.

Mário José (Pit Manager, HAMC Limitada^†)

Mario Jose, born in Mozambiqueand is fluent in Portuguese, English and Spanish. He is a multi-faceted mining professional with 21 years of valuable experience in the safe operation of development, production, construction, shaft and mine services. He is an effective leader and communicator. His career includes  Mining Operations Supervisor Vale – Inco; Supervisory leadership at Barrick Gold Corporation and Shift Supervisor. Mario is fluent in Portuguese, Spanish and English. Since joining the mining industry Mario has been involved in establishing safe working practices and adherences to safety guidelines by his team members. He has implemented best practice blasting procedures in his career resulting in an excellent safety record.

Neville Norris (Metallurgical Manager, HAMC Limitada^†)

Neville Norris has 22 years mining experience and having spent substantial time in Mozambique is fluent in Portuguese.  Neville holds a National Higher Diploma in Metallurigcal Engineering, an MDP from Stellenbosch University and FLMP from UNISA.  Neville's experience includes three start up operations one Gold Plant and two Minerals Sands Mines. In these environments he was instrumental in the commissioning, training, ramp ups and taking these projects to full production and beyond. His experience includes ten years in Gold with five of these years served in a senior management roles, ten years Mineral Sands and two years in Diamond mining.  He is experienced  in Crushing, Milling, Leaching, Thickeners, CIP, Electrowining, Gold Smelting, Hydraulic mining, Dredge mining, Gravity separation, Dry magnetic Separation, Wet Magnetic Separation, and Dry Mineral Processing Plants.  He has been working as an expat in Mozambique for the last three and a half years in remote, difficult and challenging environments.

David Whitehouse, BSc (Hons) Mech Eng (Chief Projects Officer)

David has 33 years experience of multi disciplinary project management and development, having been involved in the implementation of major projects from conception and feasibility study, through detail engineering and construction to completion. After 25 years in engineering contracting, David joined BHP Billiton in 2000 as Senior Manager, Project Management before moving to the Bateman Group in 2002 as Chief Operating Officer. David left Bateman at the end of 2003 to work as a consultant to the mining industry, including Noventa, before joining the Group in 2007.

Leovigildo N. Juliasse (Human Resources Manager, HAMC Limitada^†)

Leovigildo Juliasse is a Lawyer and holds a LLB and BA of honor in Law from the Catholic University of Mozambique. He joined the company in August 2008 being responsible for Human Resources at the Marropino Mine. He has been also involved in legal work for Highland African Mining Company Limitada. Previously, he worked as a Head of Human Resources and Legal Advisor in Nampula. In 2008 he worked as a Legal Consultant at a Leading Law Firm in Maputo and Inhambane, mainly in Labor issues, Business, Land and Investment Laws.

^†HAMC Limitada is a wholly-owned subsidiary of Noventa Limited.