Board of Directors and Management


Peter Streader (Executive Chairman)

Peter Streader has had a long career as a solicitor, barrister and “in house” corporate counsel and company executive.  He spent approximately 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 and played a significant role in contract negotiations and the subsequent execution of a number of major resource development projects in Australia including the initial Dampier to Perth Natural Gasline.


Following his resignation from Fluor to pursue his own business interests, he has played a leading role in establishing and managing a number of ASX listed and private companies and has gained extensive experience in the development of resource based projects and manufacturing operations. He was responsible for the relisting on the ASX of Planet Resources Group NL and later Australian Gold Development NL (AGD) and served these companies as a director and in various executive roles. 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. 


Commencing in 1988 he was a founding Director and subsequently Executive Director of SX Holdings Limited which obtained environmental approval from the South Australian Government in 1991 for the construction and operation at Port Pirie of a cracking plant to extract rare earth minerals from up to 8,000 tpa of monazite type minerals.  This visionary project failed to attract sufficient funding in the very difficult economic times existing in the early 1990s, and did not proceed.


He was a founding Director of oil and gas explorer, Drillsearch NL (subsequently renamed Drillsearch Energy Limited which was acquired by Beach Energy Limited), and Executive Director of Diamin Resources NL (now Senetas Corporation Limited).


In late 1997 he introduced to Plenty River Mining Company NL (PMC) a plan to construct and operate a world scale ammonia/urea (fertiliser) plant on the Burrup Peninsula of Western Australia.  PMC ‘s name and corporate status was changed at this time to Plenty River Corporation Limited, which became the proponent of the project.  Later in joint venture with Canada based Agrium Limited, this project was taken to a very advanced stage with key approvals in place including environmental approval following an EIS process, a Native Title agreement, a gas supply agreement with the North West Shelf Gas Joint Venture, and a substantial WA Government infrastructure support package.  This project did not proceed largely due to funding issues and Plenty River was required to exit the project.  The project is now being reborn by the Perdaman Group which has recently commenced construction.


Peter was a founding director of and served as inaugural Chairman of Plentex “spin offs”,  Protemax Pty. Ltd., Dux Aquaculture Limited and Xerion Limited (Receivers and Managers Appointed).  He remains as Executive Chairman of Xerion and also serves as an Executive Chairman of Protemax Pty Ltd. and Dux Aquaculture Limited.



Mike McMahon (Executive Director – Philippine Operations) 

Mr. McMahon 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 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 Management Director of this company in early 2014 and has served as General Manager – Philippine Operations at Plentex since July 2013.  Mike is a Director of Plentex’s Philippine incorporated subsidiary, Plentex Philippines Inc. and its affiliates, Plentex Realty Inc., Plentex Agri-Milling Corporation and Plentex Aquafarms Corporation.


Mike was appointed a Director of Plentex Limited on 20 January 2020 and manages the Company’s Philippine operations.



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

Vic has extensive research and technical experience in discovery, preclinical and clinical development of biologics and dietary/food ingredients (peptides, proteins, antibodies, natural products, agricultural waste streams) with applications in oncology, cardiovascular disease, CNS, infectious disease and metabolic diseases.


Vic has a PhD in Microbiology/Immunology and did postdoctoral studies in structural biology.


Vic has more than 20 years of biotech experience in the discovery and development of biologics and diagnostics serving in multiple senior executive roles in R&D and business development with several biotech companies in Australia and Europe including Horizon Science Pty Ltd, Patrys Ltd, HealthLinx Ltd (formerly Cryptome Pharmaceuticals), and Morphosys AG. 


He was Chief Scientific Officer of Plentex “spin out” Xerion Limited (Receivers & Managers Appointed) for approximately 7 years and now serves as the Company’s Science Director.


Throughout his consulting company, Molawin Creek Ventures Pty. Ltd., Vic provides biotechnology advisory services, R & D, project management and business development services.  In this capacity he is managing director of California based Astrid Pharma Corporation and a Director of Pine Country Farms (Manila – Philippines).


Vic is a founding director of Plentex’s Philippine incorporated subsidiary, Plentex Philippines Inc., and each of its affiliates, Plentex Realty Inc., Plentex Agri-Milling Corporation and Plentex Aquafarms Corporation.


Vic has recently been elected to be a Corresponding Member of the prestigious Philippine National Academy of Science and Technology (NAST PHL).  The Academy serves as an advisor to the President of the Philippines and his Cabinet on matters relating to science and technology.


Vic was appointed to the Plentex Board on 22 July 2021.


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 private 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.