INTERVIEW WITH LES EMERY, CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF MARENGO MINING LIMITED (MGO)

“CEO Profile”

http://www.brr.com.au/event/52193

WEDNESDAY, OCTOBER 8, 2008, 12:00 PM.

            BRR    Hello and welcome to Boardroom Radio’s CEO Profile. Today, I'm joined by Les Emery, the Chief Executive Officer and the Managing Director of

10                    Marengo Mining. Les, thanks for your time.

            MGO    Thanks, Cameron.

            BRR    Les, to begin with, can you give us an idea of what led you to become the CEO at Marengo Mining?

15        MGO    I could say I was too slow in stepping back when they called for volunteers, but the roster is that after about 15 years with a company called Lynas Corporation, there was a change of control and we decided to put together a new company and founded Marengo, so I took the job as CEO.

20        BRR    Marengo Mining’s got operations in Papua New Guinea. Can you give us an idea of your typical working week or working month?

            MGO    Working month will include probably around one-week travel in the PNG, about one week a month, and probably another week either travelling interstate or every couple of months probably two-week trip to Canada where

25                    we're listed on the TSX, so we have a fair exposure to Canada. In between that, probably some other (inaudible) (00:01:54).

            BRR    Les, what has been the highlight of your career so far?

            MGO    The fact that I’m probably still here and surviving, that’s really the highlight,

30                    but there have been a number. I have been involved in start-up exploration discoveries, start-up of several mining operations, gold mining operations, and each is always a new highlight. The new highlight for me was coming across the Yandera Project in PNG and being able to take it forward. Just a whole series of milestones.

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            BRR    What would you say has been the best piece of advice you have ever received?

            MGO    Just stay focused and don’t listen to advice from people who tell you it’s all too high and it will never happened. Just believe in yourself and it will happen.

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            BRR    What makes you tick? What do you find you doing outside of work hours?

            MGO    Generally trying to sleep which there’s not many hours left. As a breakaway, probably my other passion in life, which gets back to part of my military career, is military history and just military in general. So I try and go and visit

45                    battlefields and that sort of thing. A complete change of scene in some ways, but this business is a battlefield as well, so probably a lot of similarities.

            BRR    Some salient advice there. Work-life balance. You travel a lot for your work, how do you maintain your work-life balance?

            MGO    That's really difficult. Unfortunately, the job requires a lot of travel so you have to do it. I do try and take off and have a break when I can, but it's not easy. Fortunately, I’ve got a very understanding wife who’s been married to me for 30 odd years so she sort of knows what the business is about. We, I guess,

5                      sort of say, “Well, it’s all leading to one end” and that’s what drives us.

            BRR    That’s been Les Emery, the Managing Director and Chief Executive Officer of Marengo Mining, speaking to us on Boardroom Radio.

INTERVIEW CONCLUDED

Contact brr@brr.com.au for more information

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