Board of Directors

David Geraghty is a B.Eng-qualified metallurgical engineer with over 30 years in Western Australian resources. Before joining FRS he spent 21 years at Mineral Resources Limited (ASX: MIN), serving as Executive General Manager of Process Minerals International and then in a senior technology and innovation leadership role.^[8] He was there for the full arc of MinRes growing from a private contract crushing business into one of Australia's largest diversified miners. Earlier in his career he worked in processing and orebody evaluation roles at BHP, Hamersley Iron, and Rio Tinto in the Pilbara.^[1]

• Named inventor on patent WO2011044608A1: a commercial dense medium cyclone and WHIMS process for recovering manganese from ore fines previously discarded as tailings, deployed at scale in MinRes operations.^[9]
• Drove the design and manufacture of MinRes's 1,000 tonne-per-hour mobile crushing and screening plants, which became a primary revenue driver for the mining services business.^[11]
• Led the public rollout of MinRes's world-first fully autonomous road train program for the Onslow Iron project in the Pilbara.^[10]

Brett Hodgins is a Western Australian geologist with over 25 years across Pilbara iron ore operations, WA gold exploration, and resource sector advisory. He started his career commissioning world-scale iron ore mines for Robe River and Rio Tinto^[16] before spending 11 years as President and CEO of Central Iron Ore Ltd (TSX-V listed), running exploration on a high-grade gold project in the Yandal Greenstone Belt.^[13] His combined BSc Geology (Hons) and GradDip Applied Finance from FINSIA is unusual for a field geologist and allows him to evaluate assets in both technical and investment terms.^[4]

• Contributed to commissioning of the West Angelas iron ore mine (Robe River JV, 2002), now subject to a A$733M expansion by Rio Tinto.^[12]
• Contributed to Hope Downs iron ore development with Rio Tinto and Hancock Prospecting, first ore 2007.^[16]
• As CEO of Central Iron Ore (2011 to 2022): negotiated a farm-in JV with Barrick Gold giving access to 1,104-hole historical drill database on tenements adjacent to the 444,000 oz Darlot mine reserve.^[13][14]
• Sold the Eureka Gold Mine to Tyranna Resources for A$3.2M cash plus a 4% net smelter return royalty (2017).^[15]

Daniel Raihani is an accountant, registered tax agent, and entrepreneur who built a 20-year private business career spanning accounting, real estate, manufacturing, and international finance across Sydney, UAE, and Hong Kong before entering the ASX listed-company space in 2023. Since then he has taken on board positions at seven ASX companies, consistently arriving with personal capital and deal flow. His most significant transaction to date was structuring and executing the approximately A$60 million Aurumin/Brightstar Resources merger^[20] as Managing Director of Aurumin, which consolidated the Sandstone Greenstone Belt under single ownership for the first time in over a decade.

• Joined Aurumin as a substantial shareholder via 7 Enterprises Pty Ltd before joining the board, the same approach used at FRS.^[17]
• Elevated to MD and CEO after founder Brad Valiukas stepped down in November 2024.^[18] Immediately divested A$6M of non-core assets to sharpen the portfolio.^[19]
• Structured an all-scrip scheme of arrangement with Brightstar Resources: 1 Brightstar share per 4 Aurumin shares, creating a combined 2.4Moz gold resource at 1.5 g/t. Deal valued at approximately A$60M.^[20]
• Scheme effective 21 November 2025. Aurumin delisted 3 December 2025.^[21]

Adam Turnbull is a Sydney-based company director with over 20 years leading private enterprises across construction, infrastructure, minerals, luxury goods, and capital markets. His career has been built through private companies rather than listed vehicles, so the operational track record is largely undisclosed publicly. He came to the FRS board as an early-stage investor who already held a significant position in the company.