GRANGE RESOURCES - Key Persons

Job Titles:

• Chief Operating Officer
• Member of the Grange Resources Executives Team
• Member of the Australian Institute of Mining

Ben joined Grange Resources in 2009 and has worked with the Savage River operation for over 20 years. His extensive experience with the operation covers professional expertise and management responsibilities in geology, information technology, business improvement and technical services. In his current role of General Manager Operations, Ben leads operational teams to develop business plans & deliver safe and sustainable production. He is also a Director and President of the Tasmanian Minerals, Manufacturing and Energy Council. Ben is a member of the Australian Institute of Mining and Metallurgy, a graduate of the Australian Institute of Company Directors and a graduate of the Tasmanian Leaders Program. Ben holds a Bachelor of Science (Hons) from the University of Tasmania and a Graduate Diploma in Computing.

Job Titles:

• Executive Director
• Member of the Board of Directors

Mr Xu is a former head of steel merger & acquisition division of Shagang Investment Holding Co Ltd, the investment arm of China's largest private steel company. Mr Xu specialises in investment of upstream and downstream processes for steel producers. Mr Xu has extensive management experience in private equity projects. Mr Xu managed a portfolio with the marketable value of over four billion Australian dollars. Mr Xu holds a Master of Science (Hons) from University College London.

Job Titles:

• Chief Executive Officer
• Executive Director
• Member of the Board of Directors
• Member of the Grange Resources Executives Team

Mr Zhao is a former Director of Shagang International (Australia) Pty Ltd, former Director and General Manager of Shagang (Australia) Pty Ltd, and former Director of Jiangsu Shagang Group, ultimate shareholder of Shagang International Holdings Limited and China's largest private steel company. Mr Zhao has over 40 years' experience in the industry and was previously the Commander of Project Development Headquarters with Shagang. Mr Zhao has extensive project management and implementation experience and expertise.

Job Titles:

• Finance
• Member of the Board of Directors
• Non - Executive Director

Mr Dontschuk is a finance professional with over 35 years' experience in investment, finance, treasury and financial risk management. He currently is a professional NED and sits on a number of company boards including Eticore, Public Trustee (Tasmania) and Australia Ratings. Previously Mr Dontschuk has been Group Treasurer of Grange Resources, Group Treasurer of ANZ Bank, Managing Director of Treasury Corporation Victoria, President and Director of the Finance and Treasury Association of Australia and has worked extensively in corporate financial advisory and investment banking including with Oakvale Capital and Bankers Trust.

Job Titles:

• Engineer
• Member of the Board of Directors
• Non - Executive Chairperson

Dr Li was appointed as non-executive Chairperson on 29 October 2013. Dr Li is a mineral processing engineer and metallurgist with over 20 years' experience in the Australian mining sector. Dr Li's experience includes senior roles at CITIC Pacific, Rio Tinto and Iluka Resources, as well as a senior project role on the Grange Resources Southdown project. Dr Li has a PhD from the University of Queensland and is currently a non-executive Director of Ardiden Limited and was previously a non-executive Director of Orion Metals Limited and Sherwin Iron Limited.

Job Titles:

• Company Secretary
• Member of the Board of Directors

Mr Lewis has more than 20 years' global corporate experience and is currently the Company Secretary and CFO for ASX listed companies Cycliq Group Limited, Ultima United Limited and is Company Secretary of iBosses Corporation Limited. Mr Lewis also serves on the board of Ardiden Limited, Cycliq Group Limited and Hawkley Oil & Gas Limited. In 2001 Mr Lewis qualified as a Chartered Accountant with Deloitte (Perth) he has extensive and diverse financial and corporate experience from previous senior management roles with Credit Suisse (London), Mizuho International and NAB Capital. Mr Lewis is also a Chartered Company Secretary.

Job Titles:

• Chief Financial Officer
• Member of the Grange Resources Executives Team

Steven was appointed Chief Financial Officer of Grange Resources in April 2016. Prior to joining Grange Resources, Steven was Chief Financial Officer of Norton Gold Fields Limited since 2012 where he was responsible for executing Norton's financial strategy, working with Norton's Board of Directors and Executive Committee. During his time with Norton, he successfully managed the company's gold price-risk strategy in a declining gold price environment and was actively involved with the company's cost reduction initiatives and corporate transactions. He comes with 15 years of experience in financial management, reporting, valuation and advisory for Canadian, Chinese and Australian publicly listed corporations, particularly in the mining sector. Earlier in his career, he held positions with Eldorado Gold Corporation and professional services firms Deloitte Touche Tohmatsu and KPMG. Steven graduated from Simon Fraser University in Canada with a Bachelor in Business Administration and trained as a Chartered Accountant.

Job Titles:

• Member of the Board of Directors
• Non - Executive Director
• Deputy General Manager of Shagang International ( Singapore ) Pte

Tianxiao Shen is currently the deputy general manager of Shagang International (Singapore) Pte. Ltd., a subsidiary of Jiangsu Shagang Group, China's largest private-owned steel conglomerate. Ms. Shen has extensive experience in raw material procurement and trade, company management, and supply chain operation management, investment planning.