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Graham Mascall, aged 61, - Non-executive Director

Over 35 years of commercial, financial and transaction experience in mergers and acquisitions, business development and project management in mining and mining finance. Over the course of his career he has worked as an executive for a number of companies in the mining and mine finance sector, including Billiton plc where in 2000, as chief executive for mergers and acquisitions, Base Metals and New Business, he led the US$2.1 billion acquisition of Rio Algom Limited. He has also worked for BHP Billiton plc, Deutsche Morgan Grenfell, Outokumpu Metals and Resources and Barclays Bank. Mr Mascall is a graduate in mining engineering from the Camborne School of Mines and holds a Master of Engineering in Mineral Economics from McGill University. He is currently the CEO of Lubel Coal Company Ltd, a Ukrainian coal development company and also sits on the Board of Katanga Mining Ltd, Templar Minerals Ltd, Gemfields Resources Ltd and Rio Alto Minerals Ltd.

Mr Mascall is a Non-executive Director, Chairman of Caledon’s audit committee and a member of both the remuneration and HSE committees.