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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 Budnyam is a successful entrepreneur and financial expert who has extensive experience in the banking and finance sectors in Mongolia. Until recently, Mr Budnyam served as Advisor to Chinggis Khaan Bank. Prior to joining Chinggis Khaan Bank, Mr Budnyam was Managing Director of Organic Solutions Mongolia LLC and previously to that was Managing Director of MFS Capital LLC. Mr Budnyam is a Mongolian national and speaks fluent English, Russian and German. He has a Bachelors’ Degree in Economics from the National University of Mongolia.



Ms. Jargalan has been a professor at the Mongolian University of Science and Technology since September 2003 and head of the Department of Mineral Exploration since 2011 where she teaches Ore Geology and Metallogeny to Bachelors, Masters and Doctorate students and supervises PhD student research projects. She has a PhD and Masters degree in Earth Science from Institute of Mineralogy, Petrology and Economic Geology at Tohoku University in Japan focused on petrology of igneous rocks and a Bachelor of Mineral Exploration from the Mongolian Polytechnical University. She completed post-doctorate work focused on the REE potential in Mongolia at the Mineral Resources Research Group, Institute for Geo-Resources and Environment, National Institute of Advanced Industrial Science and Technology, Japan. She has the authored, co-authored or contributed to over 50 academic books, articles and other publications and has been the recipient of numerous academic awards and honours in both Mongolia and Japan.



Steve Haggarty is the Managing Director of Haggarty Technical Services Corporation and a registered member of the Professional Engineers Ontario. He has over 35 years of industrial experience both on-site and at a corporate level, involving several precious metal and copper producers, with a background in project design, commissioning, start-up, metallurgy, process optimization, project management, reclamation, and closure.

With a mining career spanning nearly four decades, Mr Haggarty’s industry experience includes 24 years in operations and 14 years in corporate and EPCM-related roles. Most recently, Mr Haggarty was Senior Director, Metallurgy at Barrick Gold Corp. In this role, he was responsible for operational performance improvements, defining GeoMet models, processing strategy and risk mitigation. Mr Haggarty has worked at multiple mine sites around the world, including as General Manager of Barrick Gold’s Veladero heap leach project in Argentina. He is considered a technical leader in heap leach processing, implementation and optimization.