Board of Directors and Management


Peter Streader (Executive Chairman)

Peter Streader has had a long career as a solicitor, barrister at the Victorian Bar and later as an “in house” corporate counsel and company executive.

He spent almost 10 years, ultimately holding the position of General Counsel and Company Secretary of the Australian subsidiary of one of the world’s leading engineering and construction contractors, USA based Fluor Corporation.  At Fluor he played a significant role in contract negotiations and subsequent execution of a number of major resource development projects in Australia, including the initial Dampier to Perth Natural Gasline, at the time a billion dollar project.

Following his resignation from Fluor he has played a major role in establishing and managing a number of ASX listed and private companies and has gained extensive experience in the development of resources based (mining and oil/gas) projects, manufacturing operations and biotechnology.

He was responsible for the relisting on the ASX of Planet Resources Group NL and later Australian Gold Development NL (AGD).  As Executive Chairman of AGD he contributed significantly to the establishment of gold/antimony mining operations at Costerfield in central Victoria.  These operations have been developed into a substantial underground mine currently operated by Canadian TSX listed Mandalay Resources Corporation.  He was a founding director of Drillsearch NL (an oil/gas explorer), which several years ago was acquired by one of Australia’s largest oil and gas companies, Beach Energy Limited.  He was Executive Director of Diamin Resources NL (now Senetas Corporation Limited) and joined the Board of Plenty River Corporation Limited (now Plentex Limited) in January 1998 serving in an executive capacity. 

He was a founding director of and served as inaugural Executive Chairman of Plentex “spin offs”, Nest Group Limited (now known as unIPartners Pty. Ltd.) and Xerion Limited.  He remains a Non Executive Director of Xerion, is Executive Chairman of Protemax Pty. Ltd. and is Executive Chairman of recently established Dux Aquaculture Limited which is developing a major scale oyster farm in Victoria.

In total he has served on the boards of nine ASX listed companies as an executive or non-executive director, in most cases also acting as the company’s legal counsel and was a Fellow of the Australian Institute of Company Directors for 17 years.



Mike McMahon (Executive Director – Philippine Operations) 

Mike is a successful entrepreneur, a fifth generation Australian farmer  who has an accounting background and extensive experience in the finance broking industry. He was a founding partner of the firms, Centerlease, which pioneered new financial instruments in Australia that gave farmers access to funding and tax relief and later, Associated Brokers, that further developed the emerging mortgage broking industry. While with the Hotel Dynamics group, Mike worked extensively in Asia and earned the reputation as the architect of the co-branded credit card concept. In 2002 OnCard Ltd (ASX:ONC) was founded to develop and market co-branded Mastercards.  To follow a passion, in 2006 Mike having been a former Rugby Union and League player of note was invited to become the inaugural coach of the Philippine Rugby Union and whilst there developed his vision for a fully integrated aquaculture business.

Mike has developed an influential and supportive business and government network in the Philippines.  In 2012 he established a Hong Kong based company with plans to establish a vertically integrated business near Tacloban commencing with the redevelopment of a substantial fish hatchery which he successfully brought into production in 2013. Mike resigned his position as Managing Director of this company in early 2014 in order to focus his attention on Plentex’s Philippine operations.



Leodevico “Vic” Ilag, Ph.D. – Non-executive Director

Dr. Vic Ilag has twenty-five years of solid research experience in discovery, preclinical and clinical development of biologics and dietary/food ingredients (peptides, proteins, antibodies, natural products, agricultural waste streams). This extensive research has applications in oncology, cardiovascular disease, CNS, infectious disease, metabolic disease and dermatology; and technical experience in antibody engineering; structural biology; virology; immunology; biochemistry; microbiology; genetics

His extensive experience is international, in Europe, the USA, Asia and Australia. He has demonstrated his entrepreneurial approach to biotechnology, R&D, business development/licensing/deal-making, strategy, general management, intellectual property management, financing and operations. This has been from conception through seed financing to initial public offering (IPO) as part of teams raising the equivalent of more than A$80 million.

Vic graduated from University of the Philippines at Los Baños with a BS Biology (Genetics major) in 1985.  He obtained his PhD in Microbiology/Immunology from the University of Tennessee Health Science Center in 1991 and did postdoctoral studies at Purdue University in structural biology until 1994.  Currently, he is Chief Scientific Officer of Xerion Limited and a Director of Plentex Philippines Inc and its affiliated companies.

Vic brings with him an extensive global network of professionals and colleagues in academia, finance and venture capital, biotechnology and pharmaceutical industries.


Neil Grimes (Managing Director)

Mr. Grimes is the founder of his own consultancy company, Mannerim Partners, established in 2015. Mannerim Partners has a growing list of clients in Australia and SE Asia focused on new business development projects. Clients have included Rex Minerals, White Rock Minerals, Plentex Limited, Absolute Care & Health, Mincore Engineering, EMR Capital, Kestrel Coal Resources, Ravenswood Gold, Terramin Australia and Dharmawangsa Group. He is married with two adult children and lives in Melbourne, Australia.

Mr. Grimes is also a Director of Rizal Resources, a TSX:V listed Gold Mining Company with operations in the Southern Philippines, a was until 2019 a Director of the Australia Defence Association and a Director of the Australia-Philippines Business Council.

Prior to Mannerim Partners, Mr. Grimes had an extensive career in Mining and Business Development, since 1991 when he commenced with WMC Resources as an Internal Auditor. During his 15 years with WMC, he worked in a range of areas including financial, business process and systems audit and management auditing. His career in WMC also included responsibility for Business Planning and Strategy Development, feasibility studies and business support systems studies and contract negotiations.

Following WMC, Mr. Grimes joined Oxiana Limited and was directly involved in the successful ASX listing of several mining companies. He also was involved in a number of business acquisitions, asset divestments and mergers, including Nova Energy and Toro Energy, and Oxiana and Zinifex in 2008 to form OZ Minerals. He also led several business integration projects following these mergers.

In 2010, he was involved with the merger of Minmetals Resources, a HKSE company controlled by Minmetals and MMG Limited. He also managed the divestment of the Minmetals Resources China based Aluminium assets back to China Minmetals.

In 2012, he became Executive General Manager Corporate Development with Indophil Resources NL, a mineral project development company with a 37.5% share in the Tampakan Copper-Gold project in the Southern Philippines, controlled by Xstrata and later by Glencore, and was the Indophil representative on the joint venture management committee.

Throughout his business career, Mr. Grimes was also a part-time officer in the Australian Army Reserve. He achieved the rank of Lieutenant Colonel and was an Infantry Battalion Commanding Officer, and in 2009 was the Commander of the RAMSI Peace-Keeping Task Force in the Solomon Islands.

Mr. Grimes holds a Bachelor’s Degree in Business and a CPA qualification, along with an MBA and a post-graduate degree in Defence from Australian Defence college.