# Luke Watson Chief Financial Officer and Company Secretary ## Career chronology - **Before resources-sector corporate finance roles; exact dates/employer not stated: International accounting firm (name not disclosed)** — Early accounting career. [Appointment of CFO and Company Secretary]() (p. 1; career summary); [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); career summary) - **From A$6m IPO in October 2006 until acquisition in June 2011: Mantra Resources Limited** — CFO and Company Secretary. [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); role and acquisition value); [Appointment of CFO and Company Secretary]() (p. 1; prior role) - **Since 2005; exact employer-specific dates unavailable: OmegaCorp Limited and OreCorp Limited** — Senior corporate/finance roles; prior CFO and Company Secretary roles stated for OreCorp. [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); listed prior employers); [Directors & Management]() (lines 72-76; former CFO/Company Secretary roles) - **Service since July 2020 per annual report; service agreement dated 20 July and appointment announced 3 August 2020; exact commencement date unconfirmed: Antipa Minerals Limited** — Chief Financial Officer and Company Secretary. [Appointment of CFO and Company Secretary]() (p. 1; appointment); [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); service since July 2020); [Interim Financial Report for the half-year ended 31 December 2025]() (p. 3; current company secretary); [2026 Annual Report]() (printed pp.9 and 42; CFO service since July and agreement dated 20 July) ## Education and qualifications ### Reported accounting and governance qualifications [luke_watson_education] As reported through 2024 · issuer reported · medium materiality Issuer filings report BBus, Chartered Accountant, Chartered Secretary and F Fin/FINSIA qualifications or memberships. Neither degree-awarding institution nor professional-register status was independently verified. **Attribution:** Individual involvement documented. These credentials are directly reported in issuer filings and are relevant to finance and company-secretarial duties. **Relevance:** Relevant to financial reporting and listed-company governance; credential verification is issuer-based. [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); qualifications and memberships); [Appointment of CFO and Company Secretary]() (p. 1; CA, GIA and FINSIA memberships) ## Contributions and company outcomes ### Mantra acquisition during CFO/Company Secretary tenure [luke_watson_mantra_transaction] 2006-2011 · issuer reported · medium materiality Issuer annual reports state Watson served as Mantra CFO and Company Secretary from its A$6m IPO through its approximately A$1bn ARMZ acquisition in 2011. No source reviewed attributes the transaction’s terms or outcome personally to Watson. **Attribution:** Role overlaps event; causation unproven. The finance/company-secretarial role overlapped the IPO-to-acquisition period; no personal causal claim is established. **Relevance:** Relevant experience with financing and listed-company transaction administration. [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); Mantra tenure and acquisition); [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); company-secretary/finance career) ## Business failures and setbacks ### Renewed material going-concern uncertainty in FY2026 [luke_watson_antipa_funding] 2024-06 to 2026-09 · documented · high materiality Antipa disclosed material uncertainty over going concern in its 2024 financial report. Capital proceeds subsequently raised cash to A$51.17m at December 2025, but the FY2026 audited report again stated a material going-concern uncertainty dependent on managing capital and raising funds if required; BDO’s audit opinion was not modified on this issue. Antipa reported A$39.15m cash at 30 June 2026 and A$28.013m at 30 September 2026. This describes company financing risk, not a personal misconduct finding. **Attribution:** Role overlaps event; causation unproven. Watson held the CFO role throughout these periods; no evidence reviewed establishes personal causation of funding uncertainty or the later cash movements. **Relevance:** Material to finance oversight and funding needs; the company remains pre-production and the September cash balance is a point-in-time measure. [Annual Report for the year ended 30 June 2024]() (printed pp. 7-8 and p. 47 (physical p. 49); risk and material uncertainty); [Citadel Joint Venture Interest Sale Completes]() (p. 1; cash sale proceeds); [Interim Financial Report for the half-year ended 31 December 2025]() (pp. 21-22 and p. 31; placement, liquidity and going concern); [Interim Financial Report for the half-year ended 31 December 2025]() (pp. 23-25; BDO review conclusion); [2026 Annual Report]() (printed p.54 auditor report; p.62 Note 2 going concern; physically inspected pp.56,64); [Quarterly Activities and Cashflow Report September 2026]() (physical pp.25-27; appendix 5B cash and funding facilities, visually inspected) ### PFS schedule extension at Antipa [luke_watson_pfs_schedule] 2026-09-22 · issuer reported · low materiality The issuer reported the Minyari PFS release timing extended to November 2026 after detailed processing and mine-schedule option studies. This is a project schedule change; it is not a finance failure or a failed project. **Attribution:** Role overlaps event; causation unproven. CFO’s role overlaps oversight and funding planning, but the disclosed reason was technical option work; no individual fault is established. **Relevance:** Relevant to funding runway and study-stage planning; project remains pre-production. [Minyari PFS Option Studies Update: Optimal Processing and Mine Scheduling Configuration Defined]() (pp. 1-2; updated PFS release timing) ## Suitability for the current role ### Relevant finance and listed-company secretarial experience [luke_watson_role_fit] Current role at cutoff · analyst inference · medium materiality Watson’s CA and company-secretarial experience, tenure at Mantra and Antipa, and prior listed resources-sector roles are relevant to CFO/secretarial duties. This is an analyst inference; individual results and dated records for some prior roles are limited. **Attribution:** Responsibility not applicable. Inference from issuer-stated roles and qualifications; no personal attribution for company-level resource or capital-market outcomes. **Relevance:** Strong apparent fit for financial reporting, capital raising support and ASX company-secretarial work; operating execution is outside the CFO remit. [Annual Report for the year ended 30 June 2024]() (printed p. 7 (physical p. 9); career and qualifications); [Appointment of CFO and Company Secretary]() (p. 1; appointment and prior roles); [Interim Financial Report for the half-year ended 31 December 2025]() (pp. 21-25; financial reporting) ## Evidence gaps - Issuer records do not give exact employer-specific dates for Watson’s OreCorp/OmegaCorp roles or name the international accounting firm; BBus awarding institution and CA/GIA/FINSIA register status were not independently checked. - The FY2024 funding uncertainty overlapped Watson’s CFO tenure, but public records reviewed do not attribute it personally; subsequent capital raising and liquidity are company-level outcomes. No exhaustive litigation, court, criminal, sanctions, employment, safety or environmental check was performed. - The CFO/secretary commencement date is not established: the annual report says July 2020, while the appointment was announced on 3 August 2020. - Historical search entries were inherited without an independently verifiable audit trail. Refresh searches were targeted and limited; material former-employer and regulator records have not been exhaustively reviewed.