# Matthew Sharples

Managing Director and CEO

## Career chronology

- **Prior to Asara; dates not stated: Sycamore Mining** — Co-founder / mining executive. [About / Proven Team](<https://asararesources.com/about/>) (Matthew Sharples biography); [Corporate Presentation](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03078975-3A691367>) (leadership slide)

- **February 2025–current: Asara Resources** — CEO from February 2025; MD from 1 May 2026. [Quarterly Activities &amp; Cashflow Report – June 2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03115787-3A697876>) (CEO/MD leadership update); [About / Proven Team](<https://asararesources.com/about/>) (Matthew Sharples biography); [Appointment of Matthew Sharples as Managing Director &amp; Chief Executive Officer](<https://asararesources.com/wp-content/uploads/2026/05/260501_Appointment-of-MD.pdf>) (p. 1; CEO appointed MD effective 1 May 2026)

## Personal achievements

### Kiniero resource growth and project sale experience [sharples_kiniero_delivery]

2019–2023 · issuer reported · high materiality

Asara says Sharples co-founded Sycamore Mining, expanded Kiniero Mine resources from 1.5 Moz to 3.5 Moz, and participated in its US$160m sale. The April 2026 presentation describes team advancement of Kiniero through DFS and sale; Micon records de Klerk’s geology role in the same project. Individual shares of resource growth, DFS and transaction work cannot be separated. In his current Asara tenure, the board says he helped restart and advance Kada exploration and expand Asara’s Guinea footprint; this is issuer-attributed leadership contribution, not a completed mine or production outcome.

**Attribution:** Individual involvement documented. Issuer profile attributes co-founder role and Kiniero resource expansion/sale to Sharples, but does not quantify his personal contribution. Asara’s board separately credits his leadership with restarting/advancing exploration at Kada; no operating result is yet attributable.

**Relevance:** Relevant prior Guinea gold development and transaction experience.

[About / Proven Team](<https://asararesources.com/about/>) (Matthew Sharples biography); [Growing the Micon Team: Andrew de Klerk](<https://www.micon-international.com/growing-the-micon-team-3/>) (Kiniero development, DFS, financing and acquisition/sale context); [Appointment of Matthew Sharples as Managing Director &amp; Chief Executive Officer](<https://asararesources.com/wp-content/uploads/2026/05/260501_Appointment-of-MD.pdf>) (p. 1; board attribution for Kada restart/advancement and Guinea expansion)

## Business failures and setbacks

### Exploration-stage funding dependence; no producing mine [matthew_sharples_developer_risk]

2025–2026 · issuer reported · medium materiality

Asara’s 2025 report describes an exploration entity with no operating cash flow and dependence on external financing. Subsequent A$60m financing materially supports continued work. This is a stage/funding risk, not evidence of executive misconduct.

**Attribution:** Role overlaps event; causation unproven. Company financial condition overlaps management but does not establish individual failure or poor capital allocation.

**Relevance:** Relevant to stewardship and conversion of resources into a financeable project.

[2025 Annual Report](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03000245-3A677431>) (material business risks, funding and cashflow); [Quarterly Activities &amp; Cashflow Report – June 2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03115787-3A697876>) (June quarter financing and activities)

## Suitability for the current role

### Professional background and role relevance [matthew_sharples_background]

Career record to cutoff · analyst inference · medium materiality

Issuer states degrees from Durham and Royal Holloway, London; fields and dates are not listed in reviewed company profile.

**Attribution:** Responsibility not applicable. Sources provide selected background details, mostly issuer-reported; independent corroboration is incomplete.

**Relevance:** Experience and qualifications are relevant to the current functional remit, with evidence limitations.

[About / Proven Team](<https://asararesources.com/about/>) (Matthew Sharples biography); [Corporate Presentation](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03078975-3A691367>) (leadership team p. 6)

## Evidence gaps

- Several management roles lack appointment dates and full biographies in dated filings.

- Open-source review is not an exhaustive background, credentials, sanctions, litigation or regulator-record check.

- Guinea safety/environmental and community evidence is mainly issuer-reported in sources reviewed.