Nicole Adshead-Bell

Dr Nicole Adshead-Bell is a geologist with over 27+ years of capital markets and minerals sector
experience, including a dozen years cumulative as an independent director for TSX-, NYSE-,
AIM- and ASX-listed companies, and an additional six years for a non-profit. Her career
includes CEO of a gold mining company, long-short fund research management, investment
banking (>20 M&A transactions and >C$1.8Bn in equity/debt financings), sell-side equity
research, specialist geology consulting and geology research. Her diverse background in
capital markets, the minerals industry and as a mining executive and independent director has
provided insight into the common traits of successful and unsuccessful companies of all sizes.
Nicole’s extensive on-site due diligence, on more than 250 mineral projects (including
precious/base metals, uranium, lithium and iron ore) and involving the integrated assessment of
geological, engineering, metallurgical, financial, social, political and environmental risks, has
resulted in a first-hand appreciation of positive attributes and red flags. Nicole has an extensive
global network with company management teams/boards, industry professionals, sell and
buy-side, and has built a reputation for having a broad understanding of how the dynamic
mining sector functions at all points in the cycle.