Paul Payne
Paul Payne is an experienced geologist with a strong technical background and high level corporate experience both in Australia and internationally.
Recent corporate roles included Managing Director and Technical Director roles in ASX listed companies. The Managing Director role at Dacian Gold Limited involved running the IPO for a listing and $20 million capital raising and the subsequent corporate and exploration management of the company. The Technical Director role for BrightStar Resources involved the technical guidance and exploration management of gold projects in Tanzania. Both roles included technical management as well as responsibility for marketing and promotion, presentations at major industry conferences, all aspects of investor relations activities, ASX reporting and corporate and technical compliance.
Paul’s strong technical background was gained in the exploration, evaluation and mining of gold and base metal projects in Australia and internationally. After many years of experience in the mining and exploration groups of Plutonic Resources, Normandy-NFM and Dominion Mining, Paul established a consultancy Resource Evaluations Pty Ltd (“ResEval”) specialising in project evaluation and project assessment. After building the business to a mid-sized, well regarded consultancy, in 2007 Paul accepted an offer from ASX listed Runge Limited to purchase the business. From 2008 to 2011 Paul managed the Mining Consulting part of the Runge (now RungePincockMinarco) business in Perth.
Paul’s main area of expertise lies in the assessment and evaluation of early stage projects from due diligence reviews to resource estimation and evaluation. His consulting experience was largely focussed on the provision of advice and assistance to a range of junior to mid-sized exploration and mining companies. This provided exposure to a large range of commodities with a very broad global coverage and combined with recent corporate roles has provided Paul with a strong business network throughout Australia and internationally.
Paul is now keen to apply his technical evaluation and corporate management skills to assist exploration and mining companies with assessment and advancement of mineral project opportunities at all levels from acquisition, exploration, evaluation, development or divestment.
Career Highlights
Successful listing of Dacian Gold Limited and exploration success at Mt Morgans
- Founding employee with total responsibility for establishing the business;
- Managed the IPO to raise $20 million in November 2012;
- Recruited exploration and administration personnel and managed exploration leading to discovery of two high grade deposits and increasing resource inventory to 1.2M ounces.
Exploration success at BrightStar Resources Limited
- As Technical Director, negotiated the joint venture on the Miyabi gold project and managed exploration leading to the discovery of a high grade gold prospect;
- Managed the government relations relating to access, community support and illegal mining issues.
Establishment and management of a highly successful resource consultancy
- Established ResEval in 1998 and built a well-qualified team of geologists and engineers until acquisition by ASX listed Runge in 2007;
- Provided advice and technical services to many junior to mid-tier explorers and producers;
- Involved with many projects from discovery or acquisition through development and into production.
Built an extensive business network throughout Australia and internationally
- Corporate network with investors, stock brokers and analysts throughout Australia;
- Developed international business network in mining companies through client relationships;
- Extensive resource estimation and project evaluation work throughout the FSU, Scandinavia, Africa, China and Central and South America.
Developed extensive commodity and project experience
- Estimation and project evaluation experience in a wide range of commodities including gold, base metals, nickel sulphide and laterite, bauxite, iron ore, fluorite.
Developed and maintained broad ranging technical skills
- Rapid project review skills;
- Resource estimation expertise to bankable feasibility study level;
- Provision of advice leading to acquisition of various projects, exploration guidance, feasibility study involvement and due diligence investigations;
- Expert user of Surpac mining software.