Management Team

THOMAS LARSEN CEO

Thomas Larsen is an executive in the resources sector with over 40 years of experience in the investment industry, specializing in corporate finance and management of junior resource companies, raising in excess of $150 million. Mr. Larsen is currently the Chief Executive Officer of Eloro Resources Ltd. (TSXV-ELO) and Cartier Iron Corporation (CSE-CFE). Additionally, Mr. Larsen previously held the position of President and Chief Executive Officer of Champion Iron Limited, an appointment he assumed on the completion of the merger of Australian-based Mamba Minerals Ltd. and TSX-listed Champion Iron Mines Limited to continue as Champion Iron Limited effective April 1, 2014. Prior to that merger he was President and Chief Executive Officer of Champion Iron Mines Limited, now a wholly-owned subsidiary of Champion Iron Limited.

MILES NAGAMATSU CPA, CA Chief Financial Officer

Miles Nagamatsu has over 30 years of experience in accounting, management, lending, restructurings and turnarounds. Since 1993, Mr. Nagamatsu has acted as a Chief Financial Officer of public and private companies primarily in the mineral exploration and investment management sectors. He holds a Bachelor of Commerce degree from McMaster University and is a Chartered Professional Accountant, Chartered Accountant.

JORGE ESTEPA B.A. V.P., Secretary-Treasurer

Jorge Estepa has over 25 years of experience with publicly listed companies in the areas of corporate management, development and investor relations and has served as a senior officer and/or director of several publicly traded resource companies. Mr. Estepa joined Eloro Resources as Vice President and Corporate Secretary in 1997.

BILL PEARSON Ph.D., P. Geo VP of Exploration

Dr. William N. Pearson is a noted leader in geosciences. He has more than 40 years of direct experience in the exploration and production of minerals worldwide. He has played an integral role in creating value that led to successful acquisitions of Desert Sun Mining Corp by Yamana Gold in 2006 and Central Sun Mining by B2 Gold in 2009. Dr. Pearson was the creator and founder of the Association of Professional Geoscientists from Ontario.

CHRIS HOLDEN CFA V.P., Corporate Development

Chris has over 20 years’ experience as an award-winning fund manager. Mr. Holden was the Portfolio Manager for the Canadian and Global Resource funds for Investors Group until 2015. Mr. Holden is a CFA charterholder.

JIMENA MORAN B.A. Executive Assistant (Bilingual)

Jimena has over 4 years’ experience as the executive assistant for Eloro. She is fully fluent in Spanish and holds a Bachelor of Arts degree from York University.

OSVALDO ARCE B.Sc., Ph.D. General Manager, Minera Tupiza S.R.L.

Dr. Osvaldo Arce Burgoa is a professional geological and mineral processing engineer with 26 years’ experience in Bolivia. He has a Doctor of Engineering degree from the Tohoku University at Sendai, Japan and a Bachelor of Science degree in Geological Engineering from the San Andrés University, Bolivia. He is a former National Director of the Bolivian Geological Survey, Main Technical Advisor of the National Mining Corporation (COMIBOL), Exploration Manager and Chief Geologist in various mining and exploration companies.

ANA MORAN Attorney at Law, Manager Environmental & Social Governance

After 23 years of working as a lawyer and manager in South and Central America, Ana Moran, has acquired expertise in a variety of tasks related to all social and legal issues of mining in the Latin American context. She is familiar with the varied legal frameworks governing mining activity in several countries and knows how to approach the main stakeholders related to mining, both in high, governmental levels, and at local settings.

Technical Advisors

QUINTON HENNIGH Geologic and Technical Advisor to Crescat Capital, a Strategic Shareholder

Dr. Hennigh is an economic geologist with 25 years of exploration experience, and is an executive technical and geologic advisor to Crescat Capital, a strategic shareholder in Eloro.  Prior to joining Crescat, Dr. Hennigh founded Novo Resources Corp., which explores and develops gold projects in the Pilbara region of Western Australia, including its Beatons Creek, Karratha and Egina gold projects, the latter of which is under a joint venture with Japan’s Sumitomo Corporation.

Early in his career, Dr. Hennigh explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation. He then joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies, including Gold Canyon Resources Inc., where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5-million-ounce gold asset that was sold in 2015 to First Mining Gold Corp. Dr. Hennigh was also instrumental in Kirkland Lake Gold’s acquisition of the Fosterville gold mine, which is located in Australia and was previously owned by Newmarket Gold Inc.

Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines in 1996.

HARRY BURGESS P.Eng. Mining Engineer

GRAHAM SPEIRS P.Eng. Technical Advisor

Graham Speirs is the founder of Gemin Associates S.A.C., an independent engineering, project management and mining contracting company based in Lima, Peru. He is a mining engineer who has 35+ years of direct experience working in the International & Peruvian mining industry. Mr. Speirs’ experience includes: bringing the Libertad mine in Nicaragua into production for B2 Gold Corp; developing the Mantaro Phosphate Deposit for Stonegate Agricom Ltd.; a senior management role in the deepening and modernizing of the El Porvenir Mine of Cia Minera Milpo S.A.C., in addition to a senior management role developing Milpo’s Chapi, Cerro Lindo, Hilarion, Magistral and Pukaququ projects.

Corporate Advisory Board

DOUG BACHE B. Math Corporate Advisor

TOM LADNER J.D. Securities Lawyer

Independent Technical Advisor Micon International Ltd.

CHARLIE MURAHWI M.Sc., P.Geo., Senior Economic Geologist



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