EAM Company Overview
East Africa Metals (EAM) is a Vancouver-based company listed on the TSX Venture Exchange. The company is uniquely positioned as an exploration company with a pathway to cash flow and self-funding. Through a focus on mineral exploration and development in Africa, EAM has established a track record for value creation thorough discovery and exploration success.
East Africa Metals has also been recognized by Tanzanian Presidential Citation and letters of commendation from a leading exploration company for its mandated corporate social responsibility to contribute to the needs of their local communities by advancing reforestation and educating women.
The company’s combined resources of 1,636,000 au oz. indicated and 1,269,000 au oz. inferred (resource details here) of gold and gold-enriched polymetallic deposits are included in three Ethiopian mining licences and one Tanzanian mining license.
East Africa Metals’ shares trade on the TSX Venture Exchange under the symbol EAM.
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EAM Ethiopian Project Highlights
Three Ethiopian projects located 600 kms. north / north-west of the capital Addis Ababa, and include:
- Current combined gold deposits with 915,000 oz. indicated and 977,000 oz. inferred (resource details here)
- EAM has been granted one Mining License for Harvest and two mining licenses for Adyabo – the Mato Bula and Da Tambuk deposits
- The Harvest Property – 70%-owned Harvest polymetallic VMS exploration property, which includes the Terakimti Gold Heap Leach Project which has received positive PEA results
- The Adyabo Property – the Mato Bula Gold Copper Project and Da Tambuk Gold Project will provide a 30% net profits Interest for EAM
- Effective August 2019, Tibet Huayu Mining Co. Ltd. will conduct the development and operation of the Mato Bula and Da Tambuk deposits covering the construction capital costs of US$54-million and US$34-million.
EAM Tanzanian Project Highlights
The significant Tanzanian project includes the Handeni property is located 160 km northwest of Dar es Salaam and only 110 km west-southwest of the port city of Tanga:
- EAM owns 100% of the 93 km2 Handeni Property, which is located in north-eastern Tanzania
- The Magambazi Project – gold deposit discovered in 2009 with 721,300 oz. indicated and 292,400 oz. inferred (resource details here)
- Two prospecting licences with considerable additional potential covering 83.5 km2
- Two mining licences totalling 9.9 km2
- The property is accessible through a network of public roadways and includes access to good infrastructure
Management Team
Andrew Lee Smith
BSc., P. Geo, ICD.D
President & CEO, Director
Andrew is a Professional Geologist who has over 30 years of experience successfully exploring, developing, and operating African and North American base and precious metals mining projects.
He holds an Honours BSc in Earth Sciences from the University of Waterloo and is a member of the Association of Professional Engineers and Geoscientists of British Columbia. Andrew received the Mining Entrepreneur of the Year Award in 1994 from the Quebec Prospectors Association for his role in the development of the Beaufor and Sleeoing Giant mines and was named Outstanding Alumnus of 2009 by the Science Faculty of the University of Waterloo for his contributions to mineral exploration.
Andrew is a member of the Institute of Corporate Directors and achieved the ICD.D accreditation – the only professional designation for Canadian directors recognized both nationally and internationally.
Jacqueline Tucker
Chief Financial Officer
Jacqueline is a Chartered Professional Accountant and a Fellow of the Institute of Chartered Accountants of British Columbia. She has over 30 years’ experience in providing professional services to a number of publicly listed companies. Jacqueline has served as an officer and a director of a number of public companies that include mining, oil and gas and life sciences.
Nick Watters
Business Development
A co-founder of Canaco, Tigray and several other successful mining enterprises, Nick has raised nearly $260 million since 1996. Beginning in the corporate communications field, he has worked with several public and private companies in a wide variety of sectors including mining, high-tech and the biotech industries.
Nick helped create the corporate identities and headed up the corporate communications departments for a number of early stage companies. He currently also serves as a Director to other Public Companies.
Denis Dillip
President, Canaco Tanzania
With over 10 years experience in gold exploration, Denis oversees the planning and execution of both regional and detailed exploration programs. He began his career with Anglo Gold Ashanti as a Mine Geologist, and later joined a regional exploration team where he worked as Project Geologist managing two projects, Mkurumu and Njoge.
Denis joined Canaco in the role of Project Geologist, and now serves as Chief Geologist and President of Canaco Tanzania Limited. He is a graduate of the University of Dar es Salaam with a BSc Honours degree in Geology.
Lingling Yang
Corporate Communications
Lingling is experienced in corporate communications with skills in corporate culture publication, corporate promotion, information diffusion and internal and external communications coordination. She is Deputy Manager of the Overseas Development Department of Sinotech of Sinotech Minerals Exploration Co., Ltd.
Since joining Sinotech in 2008, she has been playing an active and beneficial role in the promotion of the image and core competitiveness of the company. Lingling is also Director Corporate Communications for Tigray Resources Inc.
Hein Poulus
Advisor
Hein is the first name partner at prominent litigation boutique law firm Poulus Ensom Smith LLP. Prior to this, he was a partner, and the founder and head of the Vancouver litigation group, at national law firm Stikeman Elliott. He has been a King’s Counsel since 2001.
In the 1980s Hein interrupted his legal career to hold senior management positions with Kaiser Resources, the Denver Broncos and Southeastern Capital Corporation, a US private equity firm. Hein holds an undergraduate degree in economics, a law degree from the University of British Columbia, and an LLM from the London School of Economics. He has served on a number of corporate and non-profit boards.
Board of Directors
Dr. Jingbin Wang
Chairman
Dr. Wang is Executive Director of China Nonferrous Metals Resource Geological Survey, a position he has held since 2003. He has also held the title of Vice-President of the China Nonferrous Metals Industry Association since 2008. Jingbin is a leader in the non-ferrous metals industry in China and has great expertise in mineral exploration and mining that he amassed over his 28 years of experience.
He has been bestowed the title of National Youth Expert for Outstanding Contribution in China in recognition of his success in prospecting results and scientific research. In addition, he is also the Chief Scientist of National 973 Program. Dr. Wang is currently Chairman of Sinotech Minerals Exploration Co., Ltd. and has been the President of the Beijing Institute of Geology for Mineral Resources since 2002.
Andrew Lee Smith
BSc., P. Geo, ICD.D
President & CEO, Director
Andrew is a Professional Geologist who has over 30 years of experience successfully exploring, developing, and operating African and North American base and precious metals mining projects.
He holds an Honours BSc in Earth Sciences from the University of Waterloo and is a member of the Association of Professional Engineers and Geoscientists of British Columbia. Andrew received the Mining Entrepreneur of the Year Award in 1994 from the Quebec Prospectors Association for his role in the development of the Beaufor and Sleeoing Giant mines and was named Outstanding Alumnus of 2009 by the Science Faculty of the University of Waterloo for his contributions to mineral exploration.
Andrew is a member of the Institute of Corporate Directors and achieved the ICD.D accreditation – the only professional designation for Canadian directors recognized both nationally and internationally.
Dr. Antony (Tony) Harwood
Director
Dr. Antony Harwood (Tony) is an economic geologist with over 30 years of experience in the mining industry, he graduated from the University of Wales, Cardiff, in the UK with a BSc (Hons) cum laude and a PhD degree in Economic Geology.
Tony is currently President and Chief Executive Officer of Montero Mining and Exploration (TSX-V) a rare earth element focused company with its flagship property, the Wigu Hill Rare Earth Project in Tanzania. In addition Tony is a non-executive Director of Endeavour Mining Corporation (ASX/TSX)
Prior to joining East Africa Metals, Tony was President and CEO of Africo Resources, which he took to the TSX, raising $124 million during his tenure from 2006 to 2009. Before that, he was Vice President Global Generative Exploration for Placer Dome Inc. from 1998 to 2006. Tony was also founder of Harwood International, a geological consulting company, which he operated for 10 years and prior to this he held the position of lecturer at Cardiff University, UK and Natal University, Durban, South Africa.
David Parsons
Director
Recently retired, until June 30,2016 David served as Vice-President, Insurance of Goldcorp Inc. where he was responsible for corporate risk including mining operations loss control, business continuity planning and insurance. Prior to this appointment in 2010, he was Director, Corporate Services and Financial Analysis from October 2004 to 2010. David was employed by Wheaton River in 2001, serving as Controller until October 2004 and was directly involved in the acquisitions by Wheaton River and the subsequent merger with Goldcorp in 2005.
David holds a Bachelor of Arts degree from the University of British Columbia and is a Chartered Professional Accountant / Certified General Accountant with over 30 years of experience in the gold mining industry, having served in the roles of Controller, Chief Financial Officer, and Director of public companies.
Sean I. Waller
MSc Eng.
Director
A mineral processing engineer and retired Professional Engineer in British Columbia, Sean has over 35 years of International minerals industry experience including company and project management, evaluation, design and operation. He currently serves as a Director of Candente Copper Corp. Candente Copper is developing the large scale Cañariaco Norte copper deposit located in Northern Peru.
Sean’s previous career roles included Senior Advisor with Wood Mining and Minerals in Vancouver, AMEC Americas Limited Mining Division ("AMEC") in Vancouver where he held the positions of Vice President of Business Development and Senior Project Manager. At AMEC, Sean was the Study Manager for the definitive Feasibility Study of Nevsun’s very successful Bisha Mine in Eritrea and the Project Manager for the Front End Engineering Design of the large scale Petaquilla Copper project in Panama (now under construction).
Prior to AMEC, he worked with SNC-Lavalin’s Mining Division in senior technical roles in mineral processing and project engineering. Sean previously worked for Freeport-McMoran as Chief Metallurgist at its world class Grasberg copper gold mine in Indonesia, as well as Chief Metallurgist at the Colomac gold mine in the sub-Arctic. He is the Past President of the Canadian Institute of Mining, Metallurgy and Petroleum. He was the Chair of the Organizing Committee for the CIM Annual Conference in Vancouver in 2010. Sean was previously a member of the CIM Audit and Risk Committee and the Board of Trustees for the CIM Foundation, a charitable foundation that supports educational programs and activities, provides scholarships, and promotes the minerals industry as an enviable career choice.
Zhen Liao
B.Sc., M.Sc.
Director
Zhen is a senior geologist with over 14 years of experience in geological exploration of mineral resources, mining operations and project management. Since 2022, he has been the General Manager of Sinotech Minerals. Previously from 2020 to 2022 he was Chief Geologist of Sino-Zijin Resources and from 2015 to 2020 he was Chief Geologist of Sinotech Minerals.
He is an expert with the Mineral Resources Reserve Evaluation Center for the Ministry of Natural Resources of the People’s Republic of China and a distinguished expert in investing and environmental research for the International Mining Research Center, China Geological Survey. He has led his team to discover a number of mineral deposits in China and has been presented with multiple awards for distinguished prospecting achievements and scientific and technological innovations.
Zhen holds a B.Sc. (Geochemistry) from China University of Geosciences (Wuhan) and a M.Sc. (Ore Deposit Geochemistry) from the Institute of Geochemistry, Chinese Academy of Science.
Disclaimer
While East Africa Metals Inc. (“East Africa Metals”) has taken all reasonable care to ensure the accuracy of the information on this web site, we shall not be held responsible for any eventualities arising from the use of this information. Visitors to this web site are advised to seek independent financial advice prior to making investment decisions. The information on this web site may be downloaded for personal use, but may not be reproduced or modified without East Africa Metals’s permission.
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Corporate Governance Documents
- Audit Committee Charter
- Code of Business Conduct and Ethics Policy
- Disclosure and Insider Trading Policy
- Whistleblower Policy
Cautionary Statement Regarding Forward-Looking Information
This website contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by East Africa as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of East Africa to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the ability of East Africa to repay loan and interest; availability of capital; accuracy of East Africa’s projections and estimates, including the mineral resources for the Adyabo, Harvest, and Magambazi Projects; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; foreign taxation risks; environmental risks; insurance risks capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in East Africa’s management’s discussion and analysis for the year end December 31, 2016, management’s discussion and analysis for the three and nine months ended September 30, 2017 and East Africa’s listing application dated July 8, 2013.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the timely closing of the financing; the timely closing of the Handeni Property definitive agreement; the ability of the Company to repay the loan by the required date; the regulatory framework and such other assumptions and factors as set out herein. Although East Africa has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not update or revise forward looking information even if new information becomes available unless legislation requires the Company do so. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws.