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Board of Directors


Chairman, President and Chief Executive Officer

Matthew Wood is a mineral resource explorer and developer with over 25 years of global industry experience in mining and commodities investments.

He has managed investment deals in diamonds, coal, energy, ferrous metals, base and precious metals, and other commodities. His unique skills in technical and economic evaluation of resource opportunities have resulted in a record of nurturing resource deals from early stage, to market listings and exit strategies for his investors.

He was formally the founder and executive Chairman of Mongolian coal company, Hunnu Coal Limited. Hunnu Coal was IPO of the year for all sectors on the ASX in 2010, and its sale for approximately A$500M in 2011 to Banpu PCL was recognized as the Mines and Money 2012 Deal of the Year. Mr. Wood has founded and been involved in many other resource companies and investments through the years.

He has extensive experience and many key relationships in Mongolia, and was recently awarded the Order of the Polar Star, the highest state honour that can be awarded to a non-citizen of Mongolia.

Mr. Wood has an Honours Degree in Geology from the University of New South Wales and a Graduate Certificate in Mineral Economics from the Western Australian School of Mines.


Executive Director, Steppe Gold

Mr Tumur-Ochir is a Mongolian citizen who has been appointed an Executive Director of Steppe Gold LLC. Mr Tumur-Ochir is responsible for new business acquisitions, development and government and community relations. Mr. Tumur-Ochir is also responsible for daily operations in Mongolia. Mr Tumur-Ochir is currently a director at GCD Mongolia and CEO and executive director of ASX listed Wolf Petroleum.

Under his guidance Wolf Petroleum was awarded with the “Operator of the Year Award” from the Petroleum Authority of Mongolia, and today, Wolf Petroleum is recognised as the fastest growing petroleum exploration company with the largest petroleum exploration acreage in Mongolia. Mr. Tumur-Ochir holds a bachelor’s degree in business administration and graduate certificates in international business and marketing from Australia and Singapore.

Mr Tumur-Ochir has strong relationships at all levels of government in Mongolia and was recently appointed independent advisor to the Ministry of Mining and Heavy Industry responsible for foreign investment and promotion.


Director and Executive Vice President

Mr. Waraich is the founder of ATMA Capital Markets and ATMACORP LTD and a financial services professional with progressive experience in both the asset management and corporate finance businesses.

Mr. Waraich focuses primarily on advising public and private companies in the Natural Resources sector. In previous roles at Goodman and Company Investment Counsel and Dundee Capital Markets he worked as an analyst valuing private companies. Most recently Aneel worked as an investment banker focusing on deal origination, going-public transactions and financings for both public and private companies in the resource and technology sectors.

Mr. Waraich completed his MBA from the Goodman Institute of Investment Management at the John Molson School of Business.



Patrick Michaels is the Chairman of Zuri-Invest AG and the Chairman of Asty Capital AG in Zurich, Switzerland. Mr. Michaels has been involved in numerous financings of gold mines in North America as well as various other countries and is a well-respected financial adviser and fund manager throughout Europe.

Mr. Michaels has extensive experience in the fields of mining finance, fund management and asset allocation. Mr. Michaels has a background in law and economics, and did his training in the areas of private banking and investment research at UBS in Zurich. Additionally, he attended post-graduate courses at the Colorado School of Mines in Golden, Colorado.



Dr. Zamba Batjargal has more than 35 years experience working for the government entities in Mongolia dealing with issues of environmental protection and climate change. He was the Minister of the Environment of Mongolia from 1990 to 1996 and Director General of the National Agency for Meteorology, Hydrology and Environmental Monitoring from 1996 to 2001. Dr. Zamba Batjargal has extended experience of work outside of Mongolia being engaged in international bi-and multilateral cooperation activities.

He was Ambassador of Mongolia to Japan from 2001 to 2005. For the period 2005-2011 he was working in New York as the Representative of the UN specialized agency World Meteorological Organization (WMO) to the United Nations. Since 2014, Dr. Zamba Batjargal has been serving as an independent consultant on climate change and green development policy to the public institutions and non-profit organizations. He was also an advisor at the Office of the President of the United Nations Environmental assembly (UNEA) of UNEP in Ulaanbaatar (2014-2016). Dr. Zamba Batjargal received his PhD degree in physics and mathematics in 1978 from the Hydro meteorological State University, St.Petersburg, Russia.



Mr. Marks has lived and worked in Asia for 40 years with a residence and business operations in Mongolia for most of the last 18 years. Mr. Marks served as a Director of CWT Mongolia, importing diesel into Mongolia from Russia from 2010 tol 2016; was a shareholder of Bayandari LLC, a Mongolian agriculture company focused on wheat production from approximately 36,000 hectares outside of Ulaanbaatar from 2009 until 2017; and is currently a Director of Tsast Impex LLC, a large construction company in Mongolia.

Mr. Marks also serves as Member of the Board of Directors of the LIM Japan Fund, a role he’s had since 2002, and is a Managing Member of MIC Global Partners LLC since 2002.
From 1980 to 1993 he was with Marc Rich & Co. AG (purchased by a group of Marc Rich shareholders who renamed the company Glencore International AG in 1993) and remained with Glencore International AG from 1993 to 2000, where his responsibilities included selling Mongolian copper into China, and the non-ferrous metals/concentrates business in China and Japan. Prior to that, from 1997 until 1980, he practiced NY law at Yanagida & Nomura in Tokyo, Japan (formerly Yanagida & Sakuragi).

Mr. Marks earned his Bachelor of Science in Foreign Service at the School of Foreign Service, Georgetown University in Washington, D.C. in 1973 and his Juris Doctor from the School of Law, State University of New York at Buffalo in 1977. He was licensed to practice law in NY in 1979.

The Company is fortunate to be able to add someone of Mr. Marks experience and expertise and it is expected that Mr. Marks will be of great assistance in the successful development of the Company’s ATO project.



Sheldon is General Counsel of Triple Flag Mining Finance Ltd. The Triple Flag Group primarily targets streaming and royalty investments in the mining sector. The Triple Flag Group has investments in Canada, Australia, the United States, Peru and Mongolia.

Prior to joining Triple Flag, Sheldon was Assistant General Counsel at First Quantum Minerals Ltd., and Senior Director, Legal Affairs at Inmet Mining Corporation. Prior to joining Inmet, he was a corporate and securities partner at Blake, Cassels & Graydon LLP in Toronto, Canada and a Chartered Accountant at Ernst & Young LLP.

Sheldon holds a law degree from the University of Western Ontario (gold medallist) and a Bachelor of Commerce (Honours) from Queen’s University.