J. Merfyn Roberts, CA, has served as a director since 2008 and sits on the Audit and Technical Committees. He was a fund manager and investment advisor for more than 25 years, closely associated with the mining industry. From 2007 until his retirement in 2011 he was a senior fund manager with CQS Management Ltd. in London. He is a graduate of Liverpool University (B.Sc., Geology) and Oxford University (M.Sc., Geochemistry) and a member of the Institute of Chartered Accountants in England and Wales.