Directors & Management

Mr Lenartowicz has been with the company since the 2nd of May 2007 as an Executive Director, and recently appointed as Executive Chairman from the 1st of August 2011. He brings to the company extensive project development and mining experience, from previous positions within major Australian resources companies at a senior management level. As an executive chairman, he will focus primarily on bringing new projects into the company and assisting with the development of these projects moving forward.

Mr Lenartowicz is a mining engineer with significant experience in developing and operating large scale resource projects such as Western Mining’s flagship nickel operation at Mt Keith in Western Australia (1.7 million tones of nickel). Prior to his engagement with Western Mining, he held senior positions at North Limited and Dominion Mining. Most recently, Mr. Lenartowicz was the Managing Director of View Resources Limited.

Mr Ralston was appointed to the board as a Non-Executive Director on 1 March 2011, and quickly became Managing Diretor as of the 1st of August 2011. Mike has been a Senior Executive Manager with extensive international experience over the last 20 years, working in both private and public companies in Australia, Africa and the United Kingdom. He has spent the past 7 years living in Australia, and he is now an Australian citizen, residing in Perth with his family. He has worked as Chief Finance Officer for four junior ASX-listed resource companies over that period, covering both senior management and board roles. Mr Ralston has 15 years experience working in senior corporate and finance roles across the world and has held both executive management and Director positions with several ASX-listed resource companies since his move to Australia. As CFO of Kangaroo Resources, Mr Ralston was part of the management team which helped drive the company in the space of two years from a $5 million shell company with minimal value or assets to a company with a current market capitalisation of $600 million which is poised to become one of Indonesia’s big coal producers.

Mike is an aggressive, ambitious and energetic driver of the business with a strong delivery record and he is most suited to a dynamic growth environment. He is a team player but is also entrepreneurial by nature and he has wide commercial and management experience, particularly in the mining sector.

He can fulfil a wide scope of executive management functions including general management, financial management, corporate and strategy, reporting, fund raising, business development, company secretarial and shareholder relations.

Mr Bosnjakovic has been with the Company since the 2nd of June 2009 as an Executive Director. Milos is currently the Managing Director of MBL Construction (residential development); Executive Chairman of MB Point Pty Ltd (building construction) and was the former Managing Director of Globe Trade (New Zealand). He has developed MBL Construction from ground level into a company with a net worth of $5 million, annual turnover of $60 million and employing over 100 contractors and permanent staff. Mr Bosnjakovic possesses extensive knowledge in project development/management, financial control and contract negotiations. As a former practising Lawyer, he has a high level of competency in all aspects of business and company law. 

B.Sc (Hons) B.Sc (Geology) UWA

Alastair Clayton, who is based in London, was appointed as the Non-Executive Director on the 15th of May 2012. He has a wealth of experience in the resources sector having held senior executive and board positions with a range of successful ASX100, ASX200, AIM (LSE) and other listed and un-listed resource companies over a 16 year career.

Until it’s takeover in March of 2012 by CGNPC for ~A$2.2B in cash, Alastair was a Non-executive Director of a major Namibian focused uranium company Extract Resources Ltd, (ASX: EXT). In this role he represented major shareholder Kalahari Minerals PLC, which itself was taken over for £635m in cash in Q1 of 2012.

In addition, he was previously Chairman of Bannerman Resources Limited (ASX: BMN) also a uranium exploration company focused in Namibia. He helped build the company from a $15m market capitalization to a +$150m company when he departed in 2009.

Prior to this he was extensively involved in delimitation, development and the optimisation and construction of the A$1b Murrin Murrin nickel project in Western Australia.

Mr Clayton maintains a high-profile network of financial and professional contacts in the UK, Europe and the United States.

Mr Hale was appointed as the Independent Non-Executive Director on the 12th of April 2011. Michael is a former public servant within the Cabinet Office for the state Government of Western Australia, with strong public and administration skills and experience. His role at Balamara is primarily with governance, strategy and other corporate office affairs. He also plays a key role as an independent Director on the board. 

Mr Alexander is a geologist with 25 years experience in the exploration and mining of base metals, gold and diamonds in Australia, Indonesia, Russia, Kazakhstan and Armenia. He has held a number of senior geological management positions and has considerable exposure to projects ranging from pre-feasibility stage through to advanced development and operating mines. 

Mr Monzu was appointed as Company Secretary on 14 October 2010. Jerry has over 20 years of financial and corporate experience in publicly listed multinational corporations predominantly in the resources and mining sectors. He has previously held senior positions with Normandy Mining Limited and Woodside Energy Ltd where he was a Joint Venture Manager for the North West Shelf Venture. He now provides a range of accounting and company secretarial services to listed companies in the energy and resources sectors through a corporate advisory practice he established in 2008. Mr Monzu is a Certified Practising Accountant and a member of Chartered Secretaries Australia.

Milijanka was appointed General Manager of North Mining (a 100% owned subsidiary of Balamara Resources) and has been responsible for establishing Balamara’s Office in Podgorica, Montenegro.

Milijanka is responsible for administration, financial control and project management of the Monty Project.

Bhavna is the Administration Manager for the head office in Perth, and has been responsible for the company’s accounts and office administration.

Bhavna has spent the last three years living in Australia and is now a permanent resident. She has recently graduated in Masters of Professional Accounting from Murdoch University, Murdoch Australia. The latter comes from a background of managerial study with Honours in Human Resource Development and a Bachelor of Science in Management with a major in Human Resources. She has also had international human resources, recruitment, sales and marketing strategies working experience in the airline and telecommunication leading companies in Mauritius.