Buchans Resources Limited is led by a team of experienced mining professionals who serve on the Management and Board of Directors in the UK and Ireland, as well as in Canada and Mexico.
John F. Kearney
Chairman & Chief Executive Officer
John Kearney, Chairman of Buchans, is a mining executive with 44 years of experience in the mining industry. He is currently a director or senior officer of numerous mineral ventures including Labrador Iron Mines Holdings Limited and Anglesey Mining Plc. He is Chairman of Xtierra and was Chairman and CEO of Canadian Zinc Corporation. He formerly served as a director of the Mining Association of Canada. He holds degrees in law and economics from the University College Dublin and a Masters in Business Administration from Trinity College Dublin. He is a member of the Law Society of Ireland.
Danesh K. Varma
Director & Chief Financial Officer
Danesh Varma, Chief Financial Officer. He is a chartered accountant with over 31 years of experience in the mining finance industry, having been a director of American Resource Company, Northgate Exploration Ltd. and Westfield Minerals Ltd. Mr. Varma holds directorships with Labrador Iron Mines Holdings Limited, Brookfield Infrastructure Partners L.P. and Anglesey Mining Plc.
Mr. Moore has more than 30 years of experience in mineral exploration focused largely on eastern Canada. He has served in senior technical roles with industry and government organizations including Senior Geologist and Assistant to the Vice President of North American Exploration with Teck Corporation, Senior Geologist with Anglo American, and as Mineral Deposits Geologist with the Newfoundland and Labrador Geological Survey. Mr. Moore holds a M.Sc. in Earth Sciences from Memorial University, is a professional geoscientist registered with Professional Engineers and Geoscientists of Newfoundland and Labrador, and Engineers & Geoscientists New Brunswick. Paul currently serves as a Director of Newfoundland and Labrador’s mining industry association, Mining NL.
Mr. Dawson has more than 30 years of experience in the mining industry in areas of corporate development, investor relations (IR), mineral exploration and journalism. He has spent the past 25 years working with several Canadian-based mining and exploration companies, including NorZinc Ltd., Aura Minerals Ltd., Rio Narcea Gold Mines Ltd. and Campbell Resources Ltd., developing and implementing many successful IR programs. He also has supported efforts which raised in excess of $150 million to advance companies’ key projects. Steve holds an Honours Bachelor of Science degree in Geology from the University of Toronto and is a member the Prospectors & Developers Association of Canada and the Canadian Institute of Investor Relations.
Mr. Butler has more than 30 years of mineral exploration experience primarily in eastern Canada. Prior to joining Buchans Resources, he worked with Falconbridge and Voisey’s Bay Nickel on numerous VMS and Nickel projects. Over the past 14 years he has worked with Buchans Resources on projects in Newfoundland and Labrador, and New Brunswick. David has extensive GIS experience and a vast amount of technical and logistical knowledge in exploration, mineral resource development and many other aspects of mining. He is a registered Professional Geoscientist, a graduate of Memorial University of Newfoundland and has served on the Board of Directors of the Professional Engineers and Geoscientists of Newfoundland and Labrador.
Mr. Downey is a Canadian chartered accountant and an Institute of Corporate Directors Certified Director with over 35 years of experience in the mining industry. He has been a director, CEO and CFO of Toronto Stock Exchange and New York Stock Exchange listed companies, including Northgate Minerals Corp., The companies he has been associated with have been involved in numerous mining operations primarily involving gold and copper mines in Australia, Canada, Chile, Mexico and the USA. Mr. Downey is Chairman of the Audit Committee of Buchans.
Mr. McParland is the founder and Managing Director of Quarry and Mining Equipment (QME), a leader in supplying remanufactured LHD scooptrams and drilling equipment and mining contracting services to the mining industry worldwide, based in Navan, Co. Meath, Ireland.
Mr. Power is a director of Greencastle Resources Ltd., Moydow Resources Limited, Conroy Gold and Natural Resources Plc, Great Lakes Nickel Limited and Minerex Drilling Contractors Limited. He is a Professional Engineer registered in Ontario and is also a Chartered Financial Analyst with 50 years of experience in the mining industry in Canada and worldwide. Based in Toronto, Mr. Power was formerly Vice President and Secretary of Moydow Mines International Inc., Vice-President of Corporate Development at Hemlo Gold Mines Ltd. and previously Noranda Mines. Mr. Power is a member of the Audit Committee.
Mr. McKillen is a retired professional geologist with 47 years of experience in the mining industry. He was Chief Executive of Minco from 2007 until April 2013. He holds degrees in geology from the University of Dublin (Trinity College) and the University of Leicester. He is a lifetime honorary member of the Association of Professional Geoscientist of Ontario. Mr. McKillen is a director of Xtierra Inc. and Conquest Resources Limited. He has extensive experience in exploration and development projects in Ireland, Europe, Africa, Southeast Asia, as well as North, Central and South America.
Neil J. F. Steenberg
Mr. Steenberg is a is a lawyer with more than 40 years’ experience in securities and mineral exploration law. He is Director and Secretary of Xtierra Inc. and Conquest Resources Limited and Secretary of Labrador Iron Mines Holdings Limited.
Board of Director’s Committees
- John F. Kearney
- Patrick D. Downey
- Michael Power
The Board does not have a separate nominating committee. The Board performs the functions of a nominating committee with responsibility for the appointment and assessment of Directors. In view of the current size of the Corporation and the current scale of its operations, the composition of the current Board and the service of the current members of the Board, a separate nominating committee has not as yet been considered necessary by the Corporation.
While there are no specific criteria for Board membership, the Corporation attempts to attract and maintain Directors with business experience and a particular knowledge of mineral exploration, project development and mining or other areas such as finance which would assist the Corporation. As such, nominations to the Board have been the result of recruitment efforts by the Corporation and discussions among the Directors prior to the consideration by the Board as a whole.
Given the current stage of development of the Corporation, the Directors of the Corporation do not currently receive fees in their capacities as Directors.
No cash compensation was paid to Directors for the most recently completed financial year. Directors who also provide professional or consulting services to the Corporation may be compensated based upon the invoiced value of the services provided. Directors are entitled to be reimbursed for all reasonable expenses incurred in attending meetings of the board or any committee of the board.
It is expected that in future years the Corporation will provide longer-term incentive compensation to its directors through the grant of stock options, or other stock appreciation rights in the form of restricted or deferred share units, which would align the interests of the directors with the interests of shareholders.
Buchans Resources Limited (“Buchans” or the “Company”) is pleased to report that the Company and its wholly-owned subsidiary, Buchans Minerals Corporation (the “Seller”), have completed the previously announced sale of the Company’s portfolio of cri…
Buchans Resources Limited (the “Company” or “Buchans”), a Canadian mineral exploration and development company, reports its financial results and results of operations for the nine-months ended September 30, 2023. This news release should be read...
Buchans Resources Limited (“Buchans” or the “Company”) is pleased to announce that the Company and its wholly-owned subsidiary, Buchans Minerals Corporation (the “Seller”), have entered into an asset purchase agreement (the “Asset Purchase Agreeme…