Dr Mark Elliott
Executive Chairman,
PhD, FAICD, FAusIMM (CPGeo), FSEG, FAIG

Mark is a chartered practising geologist with over 33 years experience in corporate management, fund raising, project evaluation and acquisition, feasibility studies, project development and mining operations. Over this period Mark has gained wide experience and a proven track record and success in the resource sector. He has worked on many projects covering coal seam gas, oil and conventional gas, base metals, mineral sands, gold, tin, coal, industrial minerals and recently in geothermal where he co-founded Hot Rock.

He founded one of Queensland's leading Geological Consulting firms until moving into managing public companies in the early 1990's. Mark identified and acquired a gold project in New South Wales and subsequently developed it into a successful open pit gold mine. Mark was also responsible for the acquisition of a number of energy projects in Queensland, which are currently ready for development.

He identified and acquired a world-class, zircon rich, mineral sands project in Victoria, where he managed work in areas of innovative processing to improve recoveries and reduce impurities. He successfully negotiated a merger with a China based chemical manufacturing company to assist in the further development of the project.

Mark has a Diploma in Applied Geology from the Ballarat School of Mines and a Doctor of Philosophy Degree from the University of New South Wales. He is a Fellow of the Australian Institute of Company Directors, Australasian Institute of Mining and Metallurgy, Society of Economic Geologists, and the Australian Institute of Geoscientists. Mark is a non-executive director of Hemisphere Resources Limited. He has a proven track record in corporate management and growing businesses in the resource sector.

Mr Peter Barnett
Managing Director
BSc, MSc

Peter was previously Geothermal Manager and Principal with global technology consulting company Sinclair Knight Merz (acknowledged as one of the world's leading geothermal consultancies). Peter has more than 30 years experience in the global geothermal industry gained in New Zealand, the Philippines, Indonesia, Japan, East Africa, Iran, El Salvador and New Guinea and has been involved in the development of more than half of the world's geothermal plants. His skills areas include geothermal exploration and development, geothermal risk, geothermal reservoir monitoring and management, power plant process issues, project costing and fnancial analysis, project valuations and assessment, geothermal business and market development, institutional strengthening of geothermal capability and geothermal regulatory issues.

Over the past six years Peter has had a signifcant involvement in Australia's emerging geothermal industry. He has worked on a variety of Australian geothermal projects ranging from a feasibility study on the expansion of the Birdsville geothermal power plant, the only geothermal power plant yet operating in Australia, to studies for large scale geothermal developments of up to 500 MWe in the Cooper Basin.

Peter holds a Bachelor of Science degree and a Master of Science degree from the University of Auckland. He is currently a board member of the New Zealand Geothermal Association and the Asean New Zealand Combined Business Council. Peter has vast experience in the global geothermal industry, which has enabled Hot Rock to identify exceptional opportunities in a world of growing awareness of the benefits of geothermal energy.

Mr Paul Marshall
Company Secretary and Chief Financial Officer
LLB, ACA

Paul is a Chartered Accountant. He holds a Bachelor of Law degree, a post Graduate Diploma in Accounting and is a member of the Institute of Chartered Accountants in England and Wales. He has more than 25 years in the accountancy profession, with Ernst and Young for ten years, and subsequently fifteen years spent in commercial roles as Company Secretary and CFO for a number of listed and unlisted companies mainly in the resources sector. He has extensive experience in all aspects of company financial reporting, corporate regulatory and governance areas, business acquisition and disposal due diligence, capital raising and company listings and company secretarial responsibilities.

Mr Luis Urzua
Geothermal Resource Manager
Dip. Geoth. En. Tech., BSc (Geol), BSc (Civil Eng), MSc (1stHons)

Luis is a qualified geologist and civil engineer with over 10 years experience in the geothermal industry.

Luis initially worked in Chile and is responsible for a number of geothermal discoveries while employed by the Empresa Nacional del Petroleo (ENAP).

Luis was later employed by a leading New Zealand Geothermal power generator and explorer, where he undertook exploration assessments, including geophysical surveys and drilling programs along with drilling and testing reservoirs for geothermal plant operations and new developments. Luis has been involved in the drilling of over 20 geothermal wells up to a depth of 3,500m and the development of 380MW of geothermal power.

Luis has a Bachelor of Science degree in civil engineering and a Degree in Geology from the University of Chile, a Diploma in Geothermal Energy Technology and a Masters of Science degree with first class honours in geology from the University of Auckland. Luis manages the exploration and reservoir engineering functions within Hot Rock at all of its geothermal projects.

Mr Eduardo Ugarte Requena
Chile Office Manager
Bachelor of Law University of Chile (LL.B)

Eduardo is a qualified lawyer with 13 years experience in commercial law including company formations, mergers, labor law and renewable energy legislation in Chile. He has served in a variety public and private organizations, including the Chile Ministry of Justice, A&G Consultants of Santiago, where he was in charge of legal and commercial work, the Chile Ministry of Education where he was involved with improvement of higher education in Chile through financing supplied by the Inter-American Development Bank (IDB) and the Chile Department of Special Registers. His entry to the geothermal power industry was initially with a Chilean private company where he was responsible for the preparation and submission of geothermal concession applications and tenders to the Chile Ministry of Mines.

Eduardo joined Hot Rock Chile SA in 2009 where he is now responsible for management of Hot Rock's Santiago office and for all legal aspects of preparing and submitting applications for geothermal concessions. Over the past six months, he has been actively working with other members of the geothermal energy community in Chile in establishing a Geothermal Association of Chile, under the auspices of the International Geothermal Association. Eduardo has a Bachelor of Law degree awarded by the University of Chile.