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Mining Capital
Market: ASX
52-week High/Low: A$0.01 / A$0.00
Sector: General Mining
Market Cap: A$2.03M

Variscan Mines Ltd (ASX:VAR) is listed on the Australian Secutiries Exchange.

Variscan Mines Ltd

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Variscan Mines Ltd Snapshot

Variscan Mines Limited is an ASX listed Australian resource company focused on exploring and developing mineral deposits. The Company was incorporated in 1987 (as PlatSearch NL) and over the last two decades has successfully explored or joint ventured numerous exploration properties within eastern Australia. In 2011 the Company commenced project acquisition work in Europe, with a strong focus on France. It has recently secured a number of tenements in Brittany for zinc, lead, copper, silver, gold and tin and has commenced exploration.

Variscan has six granted exploration licenses in France as well as a number of exploration joint ventures in eastern Australia. The key regions of interest for the Company in France are within Brittany, the Massif Central and the Pyrenees. The Company currently has two other licenses within the approvals process.

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Pat has specialised in the resources sector with 35 years experience in investment and corporate management. His early career was at Consolidated Gold Fields Australia Limited and covered investment analysis and management, minerals marketing (copper, tin, rutile and zircon). In 1979 he went into investment banking and became Head of Corporate Finance for Morgan Grenfell Australia Limited in 1982. Pat subsequently became Managing Director of Natcorp Investments Ltd in 1986 which owned a number of manufacturing businesses. After its takeover he became an active early stage venture capital investor with an emphasis on resources.

Pat is Chairman of Argonaut Resources NL and Australia Oriental Minerals NL. He is also a director of Crossland Uranium Mines Limited, Global Geoscience Limited and a number of privately owned companies.

Pat was appointed as Chairman of the Company on 22 December 2008.

Managing Director
BSc (Hons), MAusIMM

Greg is a geologist with over 30 years of exploration and operational experience gained in a broad range of metalliferous commodities within Australia and overseas. Greg has held senior positions in a number of resource companies including Western Mining Corporation and Sino Gold Mining Limited. His experience spans the spectrum of exploration activity from grass-roots exploration through to resource definition and new project generation, as well as mine geology, ore resource/reserve generation and new mine development.

Greg was awarded the Institute Medal for academic excellence whilst at university and is credited with several economic discoveries including the Blair nickel and the Orion gold deposits in Western Australia. He is a director of Eastern Iron Limited, Silver City Minerals Limited, Thomson Resources Ltd and Moly Mines Limited.

Greg was appointed Managing Director on 20 April 2009.

Non-Executive Director

Chee Seng has extensive experience in senior management and in business. He has investments in the renewable sustainable energy, base metal resources and the biotechnology businesses. Until December 2011, he was a Non-Executive Director and a major shareholder of Singapore listed Van der Horst Energy Limited.

Chee Seng was appointed a Director of the Company on 17 February 2009.

Non-Executive Director

Dr Foo has over 20 years experience in the investment banking, fund management and advisory businesses spanning Europe and Asia. He is qualified in Medicine (MB, BCh BAO) and Business Administration (MBA) from the Queen's University, United Kingdom, with further continuing education qualifications from Insead on Economic Value Added (EVA) and International Project Management.

He has experience with listed companies in Singapore, being previously Executive Director of CyberVillage Holdings Ltd and currently Lead Independent Director of PEC Ltd.

Kah was appointed a Director of the Company in October 2009.

Non-Executive Director
BEng (Hons), MAusIMM, MAICD

Mike is a mining engineer from the Camborne School of Mines with over 15 years operational and executive management experience across a diverse range of commodities in Australia, West Africa and France. He has previously held senior and executive management roles with a number of companies including Rock Australia Mining & Civil Pty Ltd, Carnegie Minerals PLC and, more recently, with ASX listed Montezuma Mining Company Ltd where he was CEO. Mike's experience includes mine feasibility studies and mine operations, important in supporting Variscan's strategy to successfully advance its French projects towards production.

Mike has previously been a director of Carnegie Minerals Gambia Ltd and Cordier Mines SAS (France).

Mike was appointed a Non-Executive Director on 4 August 2015.

DR Jack Testard
Executive Director

Dr Testard is a French geologist with over 40 years of experience in Europe, Africa, CIS countries, Turkey, Saudi Arabia and Guyana. Jack was formerly Head of the Minerals Resources Division of the BRGM (Bureau de Recherches Géologiques et Minières - the French Geological Survey), President of GIP GEODERIS and Manager of the Ovacik gold mine in Turkey under Normandy La Source. Dr Testard is President of Variscan Mines SAS, the wholly owned French subsidiary of Variscan Mines Limited, based out of Orleans, France.

Jack is currently President of the French Chamber of Mines, Treasurer of the Federation of Minerals and Non Ferrous Metals (FEDEM) and a Director of the Société de l'Industrie Minérale (SIM).

Jack was appointed a Director of the Company on 14 May 2014.

Company Secretary

Ivo was previously Chief Financial Officer and Company Secretary for Sino Gold Mining Limited, formerly an ASX 100 company. He was with Sino Gold for 12 years forming part of the executive team that built the company from a market capitalisation of $100 million before it was acquired by Eldorado Gold Corporation in December 2009 for approximately $2.4 billion.

Ivo is a Fellow of the Institute of Public Accountants (FIPA) with more than 30 years experience as a CFO and Company Secretary including over 20 years in the resources sector. Ivo is Company Secretary of Silver City Minerals Limited, Thomson Resources Ltd and KBL Mining Limited. He also provides consulting services to Lynas Corporation Ltd, an ASX 100 company.

Last updated 15th June 2016.

ABN: 16 003 254 395

Level 1, 80 Chandos Street
St Leonards NSW 2065

PO Box 956
Crows Nest NSW 1585

Telephone: +61 2 9906 5220
Facsimile: +61 2 9906 5233
Email: [email protected]

Patrick Elliott
Non-Executive Chairman

Greg Jones
Managing Director

Kwan Chee Seng
Non-Executive Director

Foo Fatt Kah
Non-Executive Director

Mike Moore
Non-Executive Director

Ivo Polovineo

Level 1, 80 Chandos Street
St Leonards  NSW  2065

PO Box 956
Crows Nest NSW 1585 Australia

Telephone: (02) 9906 5220
Facsimile: (02) 9906 5233
Email: [email protected]

BoardRoom Pty Limited

Grosvenor Place, Level 12
225 George St Sydney NSW 2000

GPO Box 3993
Sydney NSW 2001

Telephone: 1300 737 760 (within Australia), +61 2 9290 9600 (outside Australia)
Facsimile: +61 2 9279 0664

HLB Mann Judd

Commonwealth Bank of Australia

Listed on Australian Securities Exchange Limited

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