Prophecy Development Corp - Management and Directors - Prophecy Development Corp

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Gibellini (Primary Vanadium)

0.5% vanadium doubles the strengths of steel.

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Safeguard buildings from earthquakes and floods

Vanadium

Critical element for high tech and aerospace alloys.

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Vanadium redox battery poised to be the leading choice for grid scale energy storage
Corporate presentation
Management and Directors

    Management

    Gerald Panneton, President and CEO

    Mr. Panneton is a geologist with over 30 years experience in mineral exploration and development, and was the founder, President and CEO of Detour Gold Corporation (“Detour Gold”) from its incorporation in July 2006 until November 2013. Under his leadership, the Detour Lake project grew over tenfold from 1.5 million ounces in resources to over 16 million ounces in reserves and into production. Today, the Detour Lake mine ranks as one of the largest gold mines in Canada. Mr. Panneton helped raise approximately $2.6 billion in capital while at Detour Gold.

    Mr. Panneton and his Detour Gold team were the recipients of the PDAC 2011 Bill Dennis Award for Canadian mineral discoveries and prospecting success of the year.

    Michael Drozd, Vice-President, Operations

    Based in Elko, Nevada, Mr. Drozd has 40 years of experience in mining operations, design and engineering of hydrometallurgical and mineral processing facilities. Most recently, Mr. Drozd was the Project Manager of Project Expansion at Barrick’s Pueblo Viejo gold project, developing a prefeasibility study with an overall project budget of US$900million.

    Prior to Barrick, Mr. Drozd spent seven years as Vice President of Metallurgy with Scotia International of Nevada, Inc. where he managed the Gibellini project’s engineering, procurement, construction management (EPCM) contract.Prior to Scotia, Mr. Drozd was the Principal Metallurgist at Amec Foster Wheeler (“AMEC”), where he was the co-author of a Gibellini feasibility report in 2011.

    Prior to AMEC, Mr. Drozd was Barrick’s Chief Metallurgist, Goldstrike Joint Venture, the largest gold mine in the US for five years.

    Mr. Drozd is a Founding Registered Member of SME, member of the Society of Mining, Metallurgy and Exploration, and Qualified Person as defined in National Instrument 43–101, Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Drozd has authored publications in gold flotation, gold processing, heap leach operations, cyanide detoxification, and carbon absorption technology. He also holds patents in molybdenum flotation, cyanide detoxification, and vanadium recovery.

    Ron Espell, Vice-President, Environment and Sustainability

    Mr. Espell is a highly regarded specialist in U.S. federal and Nevada state mine permitting, with over 30 years of experience in corporate environmental management, permitting in conformance with applicable regulatory and performance standards, mine waste management, reclamation, and closure planning.

    Prior to joining Prophecy, Mr. Espell was the corporate environmental director of McEwen Mining Inc. Within 18 months from the time he joined McEwen Mining, Mr. Espell led his team to successfully obtain the Gold Bar project’s environmental impact statement (EIS) approval from the Bureau of Land Management (BLM) Battle Mountain District office in November, 2017. Prior to his time with McEwen Mining, Mr. Espell was a principal consultant at SRK Consulting and vice-president of environment for Gibellini’s prior operator, where he lead efforts in the preparation of Gibellini’s baseline studies and plan of operation.

    Mr. Espell’s wealth of experience includes being an environmental management specialist at the Nevada Division of Environmental Protection, as well as working for 17 years in positions of increasing responsibility at Barrick Gold Corp., from being environmental superintendent, environmental manager of Barrick Goldstrike, regional environmental director — Australia Pacific, and corporate environmental director.

    Danniel Oosterman, Vice-President, Exploration

    Based in Toronto, Ontario, Mr. Oosterman has worked for over 17 years in the mining and exploration business specializing in exploration and development of projects from grass roots, brown field, to feasibility stage. His background includes occupying both technical and executive roles, with an early career joining exploration efforts for mining companies such as Falconbridge Ltd. and Inco Limited before transitioning to the junior mining sector to manage many technical projects across Canada before advancing to President and CEO of a TSX Venture Exchange-listed company. He holds a B.Sc. (Hons) degree in Geology from Laurentian University and is a member of the Association of Professional Geoscientists of Ontario. Mr. Oosterman will be closely involved in development of the Company’s Gibellini project and exploration of its Bolivian project. Mr. Oosterman is a Qualified Person as defined in NI 43–101.

    Bekzod Kasimov, Vice-President, Business Development

    Based in Bolivia, Mr. Kasimov has been with Prophecy since 2012, having previously been stationed in Mongolia. Bekzod will represent the Company with government officials in Mongolia and Bolivia, attend various official and marketing functions, and liaise with Prophecy’s business partners (such as product offtakers and technical consultants) and strategic investors. Mr. Kasimov also leads due diligence efforts for Prophecy’s prospective acquisitions, and of the Company’s projects by potential investors. Mr. Kasimov is fluent in Russian, English, Spanish and Mongolian. As Vice-President, Business Development, Mr. Kasimov will frequently visit the Company’s Gibellini project and investment community in North America.

    John Lee, Head of International Affairs

    John Lee, CFA is an entrepreneur with degrees in economics and engineering from Rice University. Mr. Lee joined Prophecy in October 2009 and led the company in making several timely project acquisitions. Mr. Lee identified, negotiated and financed Gibellini project acquisition in 2017. He has raised more than $100 million for Prophecy since 2009.

    Irina Plavutska, CGA: Chief Financial Officer

    Ms. Plavutska has been with Prophecy since 2010 and is a professional accountant with over 20 years of international experience in financial reporting, auditing, and accounting. She is a member of Certified General Accountants Association of British Columbia.

    Tony Wong, B.A., J.D General Counsel & Corporate Secretary

    Mr. Wong has been with Prophecy since February 2014. He is a lawyer who has practiced law Canada for over 15 years. He served as a senior securities regulator in both British Columbia and the Northwest Territories.

    Consultants

    Northwest Nonferrous Metals Mining Group Co., Ltd., Technology Partner

    Northwest Nonferrous Metals Mining Group Co., Ltd. (“NWME”) assists Prophecy with technical design and engineering of vanadium ore processing facilities to recover vanadium pentoxide. NWME owns and is currently operating the world’s largest black-shale vanadium mine in China with an environmentally friendly, hydrometallurgical leach processing technology. NWME’s patented leaching, processing and extraction technology is commercially proven to produce 99.9% pure vanadium pentoxide while carrying a low carbon foot print.

    NWME is an affiliated enterprise of Shaanxi Huayuan Mining Co., Ltd. which is one of the largest comprehensive geological and mineral resources research and development institutions in northwest China with over 5,000 employees. NWME owns and operates over a dozen mines (lead-zinc, gold, vanadium) in China, and has extensive experience in vanadium exploration, mining, processing and recovery.

    NewFields Companies, LLC, Permitting Consultancy Firm

    NewFields is an environmental, engineering, and construction management consulting firm engaged by Prophecy to advance permitting and environmental impact statement (the “EIS”) preparation for the Gibellini vanadium project.
    Prophecy’s and NewFields’ teams will work closely with the Bureau of Land Management (the “BLM”), the Nevada Division of Environmental Protection and other federal and state permitting agencies to target the filing of all major permitting applications by the end of 2019.

    In 2014-2018, NewFields successfully obtained several WPCP approvals in Nevada including: approvals for Newmont’s Long Canyon gold project with carbon in column processing method, located in Elko; Kinross Gold Corporation’s Bald Mountain gold project with heap leach facility, located in White Pine County; and West Kirkland Mining Inc.’s Three Hills gold and silver project with heap leach facility, located in Esmeralda County.

    NewFields is headquartered in Atlanta, Georgia, USA with offices in over 10 cities in the United States and has offices in Canada, the UK, Brazil and Mexico. NewFields has over 100 employees dedicated exclusively to supporting the mining industry and its expertise includes environmental and permitting services, construction management and quality assurance services for tailing storage facilities, heap leach facilities, waste rock storage facilities, civil and geotechnical engineering design services, hydrological and hydrogeological engineering and associated mine site infrastructure. NewFields’ staff has provided design and construction services on over 80 heap leach facilities projects with an aggregate lined area of over one billion square feet in over 20 countries and in a variety of climatic conditions ranging from extremely wet and extremely dry to arctic conditions.

    John Young, Environmental Permitting Consultant

    Based in Reno, Nevada, Mr. Young is the principal of Great Basin Environmental Services, LLC, which has been engaged by Prophecy on a non-exclusive basis to lead the Gibellini project’s environmental permitting efforts.

    Mr. Young has over 40 years of experience in diverse areas of environmental compliance, mine permitting and development, due diligence reviews, and mine reclamation and closure activities. His previous positions include Environmental Manager at Barrick, Kinross Gold Corp. and Santa Fe Pacific Gold Corporation (now Newmont Mining Corporation). His experience includes managing regulatory permitting processes for exploration, mine development, and reclamation and closure projects including the successful completion of several environmental impact statements (EIS) for mines in the western United States. Mr. Young has also functioned in senior environmental coordination roles for project development on a global basis for copper, gold, and platinum mining.

    Directors

    John Lee, Chairman

    John Lee, CFA is an entrepreneur with degrees in economics and engineering from Rice University. Mr. Lee joined Prophecy in October 2009 and led the company in making several timely project acquisitions. Mr. Lee identified, negotiated and financed Gibellini project acquisition in 2017. He has raised more than $100 million for Prophecy since 2009.

    Gerald Panneton, Director

    Mr. Panneton is a geologist with over 30 years experience in mineral exploration and development, and was the founder, President and CEO of Detour Gold Corporation (“Detour Gold”) from its incorporation in July 2006 until November 2013. Under his leadership, the Detour Lake project grew over tenfold from 1.5 million ounces in resources to over 16 million ounces in reserves and into production. Today, the Detour Lake mine ranks as one of the largest gold mines in Canada. Mr. Panneton helped raise approximately $2.6 billion in capital while at Detour Gold.

    Mr. Panneton and his Detour Gold team were the recipients of the PDAC 2011 Bill Dennis Award for Canadian mineral discoveries and prospecting success of the year.

    Louis Dionne, Director

    Mr. Dionne is a corporate director, mining consultant, and professional engineer who has spent over 30 years in the operation and development of mineral properties. He served as President and Chief Executive Officer of Richmont Mines Inc., a Canadian gold producer until 2005. Richmont was acquired by Alamos Gold Inc. for $833 million in September 2017.

    From 1981, Mr. Dionne worked for Camflo Mines Ltd., American Barrick Resources Corporation, and Barrick Gold as Senior Vice President Operations until 2003, where he also provided technical input and leadership in the area of corporate mergers and acquisitions. Mr. Dionne obtained his Bachelor’s degree in Mining Engineering from Laval University. He also served as a director with Detour Gold, Aurizon Mines Ltd. (acquired by Hecla Mining Company for $796 million in 2013) and other boards.

    Greg Hall, Director

    Mr. Hall is an independent business advisor to the mining industry. For over 30 years, Mr. Hall has focused on significant international exploration, development, and mining ventures, and all aspects of their structuring and finance. His previous positions include: Director at Haywood Securities Inc.; Vice-President, Canaccord Capital Corporation; and Senior Vice-President of Leede Financial Markets Inc. He is a graduate of the Rotman School of Management, University of Toronto, SME Enterprise Board Program, and a Member of the Institute of Corporate Directors.

    Masa Igata, Director

    Mr. Igata has more than 25 years’ experience working in Asian financial markets and is the founder and CEO of Frontier Securities in Mongolia. Previously, he was Managing Director at Nikko Citigroup with a leading role in Japanese equity sales and investor relations. Mr. Igata now focuses primarily on advising and investing in resource companies in Asia. Mr. Igata received his Graduate of Law from Kyoto University and is a member of the Securities Analysts Association of Japan.

    Dan Fidock, Special Board Advisor

    Mr. Fidock is based in Asia. For the majority of his career, Mr. Fidock has been an international corporate executive in the information and technology arena for the last 20 years. During this time, he has focused on commercialization and new product introduction in a range of developed and developing countries including: China, India, Malaysia, Thailand, Singapore, Hong Kong and the UK. Mr. Fidock is currently a partner with True Global Ventures, a firm focusing on early stage investment in a range of industry sectors. He holds an MBA from the University of New South Wales and University of Sydney, as well as an MSc from the University of Oxford. Mr. Fidock is also a member of the Australian Institute of Company Directors. Mr. Fidock is a significant Prophecy shareholder.