# Andre Labuschagne

Executive Chairman

## Career chronology

- **Current at 9 October 2026: Aeris Resources Limited** — Executive Chairman. [Aeris Resources Limited Annual Report 2026](<https://financialfilings.com/filings/aeris-resources-limited/annual-report/2026/57645448/>) (directors report and remuneration report)

- **Senior roles in prior 3 years; MD from 13 Sep 2010 until Zijin acquisition: Norton Gold Fields** — Senior finance/operating roles; Managing Director. [Norton Gold Fields Annual Report 2010](<https://www.asx.com.au/asxpdf/20100930/pdf/31stlwpyl5bl1r.pdf>) (p. 26); [Norton Gold Fields Annual Report 2011](<https://announcements.asx.com.au/asxpdf/20110922/pdf/4217x3cr9gj9gb.pdf>) (directors report)

- **Before Norton appointment; dates not stated: DRD Gold and AngloGold Ashanti** — Senior resource-sector finance/operating roles. [Norton Gold Fields Annual Report 2010](<https://www.asx.com.au/asxpdf/20100930/pdf/31stlwpyl5bl1r.pdf>) (p. 26); [Leadership](<https://www.aerisresources.com.au/about/leadership/>) (leadership biography)

## Contributions and company outcomes

### Norton output and financial performance improved during his managing-director tenure [andre_norton_delivery]

Sep 2010–FY2011 · issuer reported · medium materiality

Norton’s FY2011 report records 152,554 oz gold production and highlights record output/profit improvement after the FY2010 loss. Labuschagne had become Managing Director on 13 September 2010, so this outcome overlapped his tenure. The reports do not isolate his individual causal contribution.

**Attribution:** Role overlaps event; causation unproven. Managing-director tenure overlaps the company-reported improvement; no sole-person attribution is established.

**Relevance:** Relevant leadership evidence in gold operations; commodity, asset and predecessor actions also influence outcome.

[Norton Gold Fields Annual Report 2010](<https://www.asx.com.au/asxpdf/20100930/pdf/31stlwpyl5bl1r.pdf>) (p. 26); [Norton Gold Fields Annual Report 2011](<https://announcements.asx.com.au/asxpdf/20110922/pdf/4217x3cr9gj9gb.pdf>) (pp. 8–9; directors report)

## Business failures and setbacks

### Norton settled hedge litigation arising from legacy gold hedging [andre_norton_hedge]

FY2010; settlement 6 Sep 2010 · issuer reported · medium materiality

Norton disclosed settlement of gold-hedge litigation on 6 September 2010: cancellation of the hedge for A$10m upfront plus a A$97m secured note payable over four years. It reported a FY2010 net loss after tax of A$33.315m. Labuschagne was then in senior finance/operating roles and was appointed MD effective 13 September, after the settlement; the materials do not connect him personally to the hedge decision or settlement negotiation.

**Attribution:** Role overlaps event; causation unproven. Company-level finance and litigation issue during prior senior employment; settlement predated his MD appointment and no personal wrongdoing or negotiation responsibility is found.

**Relevance:** Relevant to capital allocation/financial risk context, but chronology and role timing materially limit individual attribution.

[Norton Gold Fields Annual Report 2010](<https://www.asx.com.au/asxpdf/20100930/pdf/31stlwpyl5bl1r.pdf>) (pp. 26, 88)

## Suitability for the current role

### Gold-sector executive experience relevant to executive-chair role [andre-labuschagne_role_fit]

Current role · analyst inference · medium materiality

Analyst inference: more than 20 years in resources and prior finance/operating experience, Norton MD tenure and Aeris company leadership support sector and listed-company fit. No individual responsibility is inferred for the Norton hedge matter.

**Attribution:** Responsibility not applicable. Career experience is reported by issuer and not independently verified.

**Relevance:** Relevant industry experience; governance, capital allocation and operational oversight remain key responsibilities.

[Leadership](<https://www.aerisresources.com.au/about/leadership/>) (leadership biography); [Norton Gold Fields Annual Report 2010](<https://www.asx.com.au/asxpdf/20100930/pdf/31stlwpyl5bl1r.pdf>) (p. 26)

## Evidence gaps

- Chronology and source-backed individual outcomes at earlier employers remain incomplete.

- Person-specific regulator, safety, environmental and professional-discipline review is not exhaustive; no sourced personal adverse finding is asserted from the queries documented.

- Issuer biographies and results are not independently verified performance or credential checks.