Meet the Team

Chairman & Director

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• Terrence Duffy serves as the Chairman and Director of the Board of Ferrox Holdings. He is also the Chief Investment Officer of Lionhart Group, a hedge fund and a private equity fund based in Canada.

• Mr. Duffy has many years of experience in mining operations and development in South Africa, including Eastern Platinum and Petra Diamonds.

• He is a founder of Lionhart Group and has successfully invested in a number of mining and resources companies. Founded in 1993 by Terry with less than $10 million, the firm evolved into a truly global organization that allocates capital across different strategies in various industry sectors and asset classes, including a focus and core competence in mining and natural resources investments.

• Terry’s investment strategies and in-depth risk management have allowed Lionhart to produce above-average returns in seventeen out of nineteen years.

• Under his leadership, Lionhart has had a successful track record in private equity natural resource investments. From 2002 –2012, Lionhart achieved an average total return of 173%, with 22 investments and an average investment horizon of 3.7 years.

• Lionhart has received many industry awards for its hedge funds, private equity funds, and for natural resources investing, including 9 awards from Barclay Hedge (#1 ranking five times), 3 awards from Hedge Fund Review, 2 from EuroHedge and 4 others.

• Terry has held several key roles prior to forming Lionhart. As Head Trader of Global Equity Derivatives at First Interstate Capital Markets, he was instrumental in producing significant profits for the bank’s proprietary accounts.

• Terry holds a Bachelor of Science degree in Mathematics and Computer Science from Purdue University.

Chief Executive Officer

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• Allen Palmiere has had a long career in the mining industry internationally, specializing in a variety of mining operations having served in C-suite mining executive positions for over the past 25 years.

• Allen has previously held CEO positions at Barplats, Hudbay Minerals and Adriana Resources Inc.

• From 2009-2015, he served as President and CEO of Adriana Resources, raised $180 million for the company, expanded its iron ore resource base, completed the feasibility study for the company and negotiated a JV with a large Chinese company.

• From 2004 to 2009, Allen served both in the position of CEO and Chairman of the Board for Hudbay Minerals, a publicly listed mining company on the TSX (C$ 3 billion).

• He restructured the company’s board, revised the governance structure and established a new operations team.

• From 2004 to 2006, Allen was instrumental in the turnaround of Barplats, engaged in the rebuilding of the management team and accelerated the mining production. Barplats was sold to Eastplats in 2006 which resulted in 1,000% return and created Canada’s largest platinum producer.

• From 2003 to 2009, he served as the President and CEO of another Canadian listed mining company, Silk Road Resources.

• Prior to this, for 10 years he was the CFO and VP of Zemex, a Canadian listed mining company. During his tenure, he closed 12 acquisitions in the first 8 years and raised $1.2 billion in debt and equity to fund growth and acquisitions. He grew the company’s EBITDA at 20% per annum while tripling the size.

• Allen holds a Bachelor of Commerce degree from University of British Columbia in 1979 and has been a Chartered Accountant (British Columbia Institute of Chartered Accountants) since 1981.

Director of the Board

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• David Sims is currently a Managing Director of Sentinel International Management SA in the Cayman Islands.

• For the past 25 years he has provided offshore Financial Services to companies in USA, Canada, UK, Switzerland, Brazil, Hong Kong, Japan and South Africa and is currently director of several International Hedge Funds.

• David has abundant expertise in structuring, administering, and managing Hedge Funds and other alternative investment vehicles domiciled primarily in the British Virgin Islands and Cayman Islands.

• Sentinel International Management SA was founded by Mr. Sims in 1997 as part of the Beacon Group of Companies and was renamed at the end of 2014 and is now again, privately owned Sentinel International Management SA specialises in the provision of director services to Alternative Investment Funds and Managers.

• Prior to Sentinel / Beacon Fund Advisors, Mr. Sims was a Director of Citco Fund Services and Citco (BVI) Ltd.

• A resident of the British Virgin Islands, Mr. Sims is originally from South Africa and speaks Afrikaans.

• David graduated from the University of Cape Town in 1981.

Corporate Development, Executive

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• Mr. Hussain has over 10 years of experience in mining operations and corporate development. He has a keen eye on natural resources in Sub-Saharan Africa. He specializes in bulk and critical mineral commodities including: magnetite, ilmenite (ores & their concentrates), vanadium pentoxide, phosphates and also ferro-alloys including: ferro-titanium, ferro-vanadium and ferro-chromium.

• Mr. Hussain has played a critical role in Ferrox by helping secure its railway terminal and transportation allocation of ore and mineral concentrates with South Africa’s largest State owned enterprises.

• Mr. Hussain has a very diverse finance background and plays an important role in Ferrox’s financing and marketing needs. His transactions include; structuring and closing financing from an American, Special Purpose Acquisition Company (“SPAC”) listed on Nasdaq.

• Prior to joining Ferrox and Lionhart, Mr. Hussain was involved in retail banking at Canadian Imperial Bank of Commerce.

• Mr. Hussain has a Master of Finance from Smith School of Business, Queen’s University, Canada. He is also a CFA level 3 candidate.

• He is also serves as the Senior Analyst of Lionhart Group, a hedge fund and a private equity fund based in Toronto, Canada.

Senior Geologist

MGSSA - BSc. (Hons.) Geology

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• Dean Richards is a seasoned geologist from South Africa and has experience working with a number of large, well-known mining projects.

• Dean has over 22 years of experience in mining and minerals exploration industry. He is the founder of Obsidian Consulting Services, based in Johannesburg, South Africa. Prior to Obsidian, Mr. Richards was with Gemcom Africa (Pty) Ltd. for 8 years.

• Obsidian is a small independent, international consulting practice that provides a range of geological, mining and IT related consulting services to the international minerals industry with a specialisation in geological modelling and ore reserve estimation and reporting.

• In addition to reserve estimation and reporting, he is also an expert in the design and implementation of purpose built solutions for mine planning that cover all areas from pit optimization to short term scheduling.

• Dean has project experience in a wide range of mines: titanium, iron ore, chrome, platinum, diamonds, gold, copper, vanadium, lead, zinc, etc.

• He was the Project Leader on the Kentani Heavy Minerals Project (titanium), Eastern Cape, Exxaro (now Tronox). He led the completion of various logistical studies and extraction scenarios, including financial modelling and an audit of the reported resources with respect to Zircon.

• A few of the notable mining companies Mr. Richards has worked extensively with in the past include Glencore, Xstrata, De Beers, Gem Diamonds, and Tronox.

• He is a Registered Scientific Professional and a member of Geological Society of South Africa.

• Dean holds a BSc (Hons) in Geology, from the University of Natal, Durban.

Mine Engineer

BSc Eng Mining, MSc Eng (Mineral Economics), PhD

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• Dr. Seeger has over 22 years of experience in the heavy minerals, iron ore, gold and coal mining sectors.

• He has worked across the globe on operations and mine development projects for companies such as Iscor Mining, Anglo Coal, Anglogold Ashanti, Newmont, Kaiser Aluminium and Universal Coal.

• Dr. Seeger is a mining engineer and an experienced mine developer who has raised capital for mining projects. He also has experience in developing mining projects from exploration to operations and improving the profitability of mining operations.

• He was a Co-Founder and Director of Universal Coal, where he spent four years to bring the Kangala Coal Mine from a development stage to a construction ready status by putting in place: exploration and feasibility study, coal off-take agreements, mining and processing contracts, as well as securing project funding.

• Prior to this, Dr. Seeger co-founded a mining contracting company Injula Mining Operations (Pty) Ltd, where the company mined 1.5 million tons of thermal coal per annum for 6 years on behalf of Anglo Coal for South Africa's utility Eskom with an opencast mining fleet and a staff and workforce compliment of 185 people.

• Dr. Seeger held responsible for daily operational management of Injula Mining, including production, health and safety, cost control, industrial relations, offtake contract negotiations with clients, etc.

• Dr. Seeger was a Mining Engineer with Iscor Mining (Exxaro Resources and now Tronox) from 1995 to 2000. Iscor Mining is a mineral sands (titanium) mining company in South Africa.

• Dr. Seeger received his BSc and MSc in Engineering, as well as his PhD in Mineral Economics all from the University of the Witwatersrand.

• He is based in Johannesburg, South Africa.

Director of Tivani (Pty) Ltd.

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Coming Soon

Geologist

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Coming Soon

Metallurgical Engineer

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Coming Soon