Board of Directors


Mr Graham Ascough


BSc, PGeo, MAusIMM

Graham Ascough was appointed Chairman on 29 November 2013. Graham Ascough is a senior resources executive with more than 30 years of industry experience evaluating mineral projects and resources in Australia and overseas. He is also currently non-executive Chairman of three ASX listed companies: PNX Metals Limited, Black Canyon Limited and Musgrave Minerals Limited.

Mr Ascough, a geophysicist by training, has had broad industry involvement playing a leading role in setting the strategic direction for companies, completing financing and in implementing successful exploration programmes. He was also a Councillor of the South Australian Chamber of Mines and Energy and Chair of its Exploration Committee from 2006 ~ 2012 and has strong ties to the SA Resources industry. He is a member of the Australian Institute of Mining and Metallurgy and is a Professional Geoscientist of Ontario, Canada.

Mr Ascough was the Managing Director of Mithril Resources Ltd from October 2006 until June 2012. Prior to joining Mithril in 2006, he was the Australian Manager of Nickel and PGM Exploration at the major Canadian resources house, Falconbridge Limited, which was acquired by Xstrata Plc in 2006.

Mr Patrick Duffy

CEO & Managing Director


Mr Duffy was appointed Managing Director and CEO of Sunstone Metals in April 2024 and brings extensive international leadership, mine development, financial and governance expertise. Most recently Mr Duffy held the roles of both Chief Corporate Development Officer and Chief Financial Officer for Red 5 Limited (ASX: RED) and was a key member of the Company’s leadership team that has established Red 5 as a successful multi-billion dollar Australian gold producer through the development, construction and production ramp up of the 5.5Mtpa King of the Hills (KOTH) Gold Mine in Western Australia. 

Mr Duffy began his career with Ernst & Young and has since had broad leadership and executive roles in the international resource sector. He was CFO for the development of Xstrata’s US$6 billion Tampakan Copper and Gold Project in the Philippines and was Director – Strategy & Performance for the construction and production ramp up of Glencore Xstrata’s US$7 billion Koniambo Nickel Project in New Caledonia. He has worked extensively across Asia and the Pacific with mining and steel companies, and established a successful Hong Kong-based management consulting company.


Mr Malcolm Norris

Executive Director - Exploration

MSc, M App Fin, FAusIMM

Mr Norris is a senior mining industry professional with extensive experience in business management, mineral exploration, development of new business opportunities and asset transactions. His roles have covered a wide range of commodities, geographic locations and management of global portfolios of projects in both large and small organisations.

Mr Norris holds an MSc in Geology and a Masters in Applied Finance. He has more than 40 years of industry experience and in the last 20 years has focused primarily on corporate roles. Previous experience has included 23 years with WMC Resources, followed by roles with ASX listed Intrepid Mines and London listed SolGold.


Mr Stephen Stroud

Non-Executive Director

BBus.ACC, GDip.AccFin, CPA

Mr Stroud is an experienced CPA qualified corporate finance executive with over 20 years experience advising across all aspects of corporate finance both as an advisor and client. He advises boards and management teams across a broad range of transactions including public and private equity raisings, debt/hybrid debt, Initial Public Offerings, mergers & acquisitions, sell-downs and restructures both in Australia and overseas.

Based in Melbourne, Mr Stroud is Director - Corporate Finance at Morgans Financial Limited, with a key focus on the small-mid cap market listed space on the ASX working across a broad range of sectors including IT, retail, FMCG, healthcare, metals and mining, energy, property and general industrials. Mr Stroud possesses strong relationships across buy and sell side clients across Australia, Asia, UK and North America. Mr Stroud was previously Director – Corporate Finance at CCZ Securities and previously a Non-Executive Director of ASX Listed Explaurum Limited.

Mr Neal O’Connor

Non-Executive Director


Mr O’Connor is a lawyer with global leadership experience of a top four global mining company, with extensive experience in the development and operation of mines and related infrastructure, including across South America. He has extensive experience in the resource industry and brings an added focus on Corporate Transactions, Corporate Governance and Risk Management to the Board.

Mr O’Connor was formerly General Counsel and Company Secretary and an Executive Committee member of Xstrata Copper (2003 – 2013), the largest business unit of global mining company Xstrata Plc. Mr O’Connor is currently a Non-Executive Director of Mitchell Services Limited (ASX: MSV) and a Director of Wesley Medical Research Institute Foundation. He was previously a Non-Executive Director of Stanmore Coal Limited. (ASX: SMR) and Non-Executive Director of Maas Group Holdings Limited (ASX: MGH). His prior legal roles include General Manager Legal M.I.M. Holdings Limited and in private practice with Pinsent & Co Solicitors, London (now Pinsent Masons LLP) and Mallesons Stephen Jacques, Brisbane (now King Wood Mallesons).