Squadron Resources was formed as an initiative to develop the next generation of world-class natural resources projects across Australia. Squadron has a long-term counter-cyclical strategy, investing in or acquiring undervalued and undeveloped projects that may be considered unviable in the current depressed commodity-market environment.

Squadron Resources will look to partner with junior resources companies, providing new support, innovation and leadership with the aim to unlock value and a path to development for their projects.

This long-term view coupled with a “hands-on” approach to management of its investments forms the basis to pioneer new mining businesses in Australia.

The Team

Andrew Forrest


Andrew has founded many organisations and is currently Chairman of the Minderoo Foundation (2001) and the Fortescue Metals Group (FMG) (2003), he also co-chairs the Australia – China Senior Business Leaders Forum (SBLF) (2012) and Australia Sino Hundred Year Agricultural and Food Safety Partnership (ASA100) (2014).

In 2011, Andrew stepped down as CEO of FMG to focus on philanthropy and in 2013 he was awarded the West Australian Businessman of the Year award. He also received an honorary Doctor of Letters degree from the University of Western Australia for his contribution to the community.

In 2014 the Australian Prime Minister appointed Andrew to Chair a Review into Indigenous Employment and Training and he also sits on the Board of the Art Gallery of WA Foundation.

A recent achievement was the facilitation of producing a Global Religious Proclamation against Slavery on 2 December 2014, and he is now a member of the Global Citizenship Commission which is reviewing the Declaration of Human Rights.

Felicty Gooding


Ms Gooding is the Chief Financial Officer of Minderoo, encompassing the philanthropic and private business holdings of Andrew and Nicola Forrest.

Ms Gooding is a Chartered Accountant with over fifteen years’ experience specialising in due diligence, mergers and acquisitions and equity and debt financing across various sectors in Washington DC, Singapore and London. Ms Gooding has held senior positions at PricewaterhouseCoopers, Diageo Plc and Fortescue Metals Group Ltd where she was instrumental in the raising of over $5bn expansion financing. Prior to joining Minderoo, Ms Gooding was an executive at potash development company Sirius Minerals Plc.

Malcolm James


Mr Malcolm James was appointed Director to Squadron Resources in 2016.

Mr James is a business graduate of RMIT University (Melbourne) with over 30 years experience in capital raisings, greenfields exploration, project development and company management. He has had active roles in identifying, exploring, financing and developing a number of significant natural resource and energy projects in Australia, the former Soviet Union, the Middle East, Africa, Asia, South America and the USA. He has been directly involved in over $2 billion in capital and debt raisings and is currently the principal of MRJ Advisors, a boutique investment, advisory and project development organisation with offices in Perth and New York.

Mr James has held significant senior management and board positions including directorships in Australian and UK listed companies. Mr James is currently the Non-Executive Chairman of Algae.Tec Ltd and Non-Executive Chairman of Anova Minerals Ltd. He is also well known for his philanthropic work in Australia and overseas and was the inaugural CEO of the Australian Employment Covenant, an organisation set up to promote long term employment for Indigenous Australians.

Eamon Hannon


Mr Hannon, a geologist and Fellow of the AusIMM, has a wealth of experience within the minerals industry from grass roots exploration through to project development. Having previously worked for Fortescue Metals Group (ASX:FMG) from early 2004 to late 2012 in the role of Director, Exploration and Evaluation, he lead the teams to delineate in excess of 10 billion tons of iron ore resources and greater than 1 billion tons of iron ore reserves.

During his 20 years of experience, Mr Hannon has explored for and developed gold, base metals and industrial materials over 4 continents and more than 10 countries including Tanzania, Mexico, Mongolia, New Zealand, Sweden and Australia. He was integral to the major mining development of the Svartliden gold mine in Scandinavia. In addition, Mr Hannon was the Director for the Bankable Feasibility Study of Fortescue Metals Group’s Solomon mine. The Solomon mine at 60 million tons per annum iron ore production was the single biggest tonnage start up mine in Australia’s mining history. The feasibility was signed off for construction by the Fortescue Board with full Environmental Approval in under 18 months.