Phase one of Froneman’s reinvention would appear to be complete. His company Gold One, fomerly Aflease Gold, is now divorced from Uranium One, the firm Froneman founded before it stumbled, and is actually producing gold. Free cash flow is expected to follow from the Johannesburg-based Modder East and Sub-Nigel mines. Importantly, a quarter of Gold One’s shares are now held on the Australian Stock Market. This will help bolster Froneman’s strategy of establishing a mid-tier gold company in that market which he then intends to use to consolidate cash deprived Australian juniors. If anyone can do it, it’s Froneman. Discernibly less vocal now than when he was punting Uranium One, Froneman is nonetheless the voice behind a good story. With the gold price seemingly inexorably heading north, you get the hunch investors will be joining Froneman for another ride.

LIFE OF NEAL
Neal Froneman was born in Johannesburg in 1959. He is currently CEO of Gold One after the near demise of Uranium One, which he founded. Before that, Froneman worked for Gold Fields, JCI and before that, Harmony Gold. He has a BSc in mechanical engineering as well as a string of other technical qualifications. He is a pilot and races cars.. He’s married and has three children.

RELATED STORIES

> Gold One confident on year-end metal target
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> Gold One gets further prospecting right
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