# Graham McGarry Executive Chairman/Managing Director ## Career chronology - **Current at roster date 2026-09-26: Beacon Minerals Limited** — Executive Chairman/Managing Director. [Beacon Minerals Annual Report 2025]() (Directors’ report, printed p. 11) - **Eight years; exact dates not disclosed in reviewed source: Amalg Resources NL** — Managing Director. [Beacon Minerals Annual Report 2025]() (Directors’ report, printed p. 11) - **During eight-year Amalg Resources MD tenure; exact dates not disclosed: Amalg Resources NL / Eloise Copper Mine** — Managing Director; issuer biography says responsible for development from early-stage project to underground producer. [Beacon Minerals Annual Report 2025]() (Directors’ report, printed p. 11) ## Contributions and company outcomes ### Prior issuer biography links McGarry to Eloise mine development [bcn_graham_mcgarry_eloise_delivery] During an eight-year Amalg Resources MD tenure; exact dates not disclosed · issuer reported · low materiality Beacon’s FY2025 annual-report biography says McGarry was Managing Director of Amalg Resources for eight years and responsible for developing the Eloise copper mine from an early-stage project to an underground producer with stated capacity of 500,000 tonnes per year. The source directly assigns development responsibility but does not quantify his individual contribution or provide the exact Amalg tenure dates. **Attribution:** Individual involvement documented. The issuer biography expressly attributes responsibility for development to McGarry; it is not an independent assessment of sole contribution. **Relevance:** Relevant evidence of project-development experience for a long-serving mining-company Managing Director. [Beacon Minerals Annual Report 2025]() (Directors’ report, printed p. 11; Amalg Resources and Eloise biography) ### Beacon sustained production at a commissioned gold operation [bcn_graham_mcgarry_beacon_delivery] 2012–Q2 FY2026; FY2026 preliminary results to 30 June 2026 · issuer reported · medium materiality Beacon reports that Jaurdi was commissioned in 2019 and had produced 200,000 cumulative mill ounces by Q2 FY2026; Lost Dog produced more than 100,000 oz over 2017–2023. FY2025 output was 25,639 oz and FY2026 preliminary output 24,854 oz, down 3%; the preliminary FY2026 report also records higher realized price/revenue and A$45.48m total comprehensive profit versus a prior-year loss. These are issuer-reported company outcomes during McGarry’s long tenure, not personal attribution. The FY2026 Appendix 4E is unaudited, and the audited FY2026 annual report, listed 29 September 2026, was not retrievable for review. **Attribution:** Role overlaps event; causation unproven. McGarry led the company during these outcomes, but the source set does not isolate his causal contribution; plant output, gold prices and portfolio transactions affect results. **Relevance:** Relevant to the Managing Director’s operating and capital-allocation record, with attribution and audited-results limitations. [Jaurdi Gold Project]() (Project history: 2019 commissioning, Lost Dog production, cumulative mill output); [Beacon Minerals Annual Report 2025]() (printed p. 17, FY2025 production and results); [Appendix 4E – Preliminary Final Report FY2026]() (pp. 1 and 10, FY2026 preliminary results and unaudited disclaimer); [Beacon Minerals 2026 ASX announcements listing]() (29 September 2026 listing for 2026 Annual Report, not full report content) ## Litigation and enforcement ### Historical Amalg contract/GST dispute records a negotiation role, not dishonesty [bcn_graham_mcgarry_eroc_amalg_dispute] 2003 · documented · low materiality A secondary reproduction of Eroc Pty Ltd v Amalg Resources NL \[2003\] QSC 74 describes McGarry as Amalg’s Managing Director in a contract/GST dispute. It records that he gave a payment figure without adverting to the deed’s GST inclusion/exclusion wording while under pressure, and that judgment on the claim and counterclaim was for Eroc with costs. The reproduced reasons do not make a fraud or dishonesty finding against McGarry. The official Queensland judgments landing page returned 403, so this low-materiality context is based on the secondary full-text reproduction. **Attribution:** Individual involvement documented. The secondary text directly describes McGarry’s negotiation role and the court’s account of a payment figure; it does not report a personal fraud/dishonesty finding. **Relevance:** Limited historical legal context from a prior employer; age, subject matter and source-access limitations reduce current-role relevance. [Eroc Pty Ltd v Amalg Resources NL \[2003\] QSC 74]() (CaseChat reproduced judgment, facts and outcome; official Queensland page inaccessible) ## Governance and interests ### Former project manager convicted of insider trading during issuer tenure [bcn_graham_mcgarry_former_manager_insider_trading] January 2017 conduct and ASX query; sentence 25 August 2026 · documented · medium materiality ASIC reports that former Beacon project manager Alexander McCulloch pleaded guilty to insider trading involving 11 million shares acquired by associates in January 2017 while he possessed inside information about Beacon. He was sentenced on 25 August 2026; he is not a current executive. The event overlapped McGarry and Shipway’s disclosed Beacon tenure, but reviewed sources do not connect either to the offence. At the time, ASX queried Beacon about market movements and its 31 January 2017 drilling-results announcement; Beacon replied that it first received final assays on 29 January and stated its disclosure complied with Listing Rule 3.1. Shipway signed that response as NED/Company Secretary. The reply is the issuer’s explanation, not an ASX finding, and no closure assessment was located. **Attribution:** Role overlaps event; causation unproven. Employer-level information-control context only. ASIC identifies McCulloch as the offender; the ASX aware-query letter is Beacon’s issuer response, not a finding against Shipway or McGarry. No personal involvement by either executive is established. **Relevance:** Relevant to disclosure controls and board/company-secretary oversight during the period, while the documented issuer response and absence of an identified personal link limit individual attribution. [Former Beacon Minerals project manager Alexander McCulloch sentenced for insider trading]() (ASIC release dated 3 September 2026, conduct, former role and sentence); [Beacon Minerals Annual Report 2025]() (Directors’ report, printed pp. 11–12, McGarry and Shipway tenure); [Response to ASX aware query]() (pp. 1–3, ASX query and Beacon response; signed by Shipway) ### Connected-party supply and Lady Ida transaction require governance scrutiny [bcn_graham_mcgarry_related_party_interests] FY2025 service transactions; Lady Ida shareholder approval 9 August 2024 · documented · medium materiality Beacon’s 2025 annual report says McVerde Minerals, whose directors include Graham McGarry and Geoffrey Greenhill, supplied services/equipment hire worth A$1.217m in FY2025, and Mangelsdorf Engineering, also directed by them, supplied repairs/manufacturing worth A$0.294m; the issuer describes both as on ordinary commercial terms. It also says Beacon shareholders approved the Lady Ida earn-in/JV with Geoda and Lamerton, entities controlled by McGarry and Greenhill. These are disclosed related-party interests and transaction structures, not evidence of improper conduct. The reviewed materials do not independently benchmark terms or describe the full approval/recusal process. **Attribution:** Individual involvement documented. McGarry is named as a director/controller in related entities and is the company’s Executive Chairman/Managing Director. The report says ordinary commercial terms and shareholder approval for Lady Ida; no finding of breach or self-dealing is made. **Relevance:** Material for conflict management, related-party controls, capital allocation and governance oversight. [Beacon Minerals Annual Report 2025]() (Directors’ report, printed pp. 19–20; notes to financial statements, printed pp. 47–48 (related-party service transactions and Lady Ida approval/structure)) ### Court cured Beacon’s auditor-appointment non-compliance [bcn_graham_mcgarry_auditor_appointment] Auditor appointment at November 2025 AGM; court decision dated 1 October 2026 in case summary; ASX order-confirmation listing dated 29 September 2026 · documented · medium materiality The accessible case headnote for Re Beacon Minerals Ltd; Ex Parte Beacon Minerals Ltd \[2026\] WASC 424 says Beacon sought s1322 relief after an auditor appointment was not approved at the AGM, with non-compliance under Corporations Act ss327B(1)(b) and 328B. It says the Court could validate the appointment where the failure was honest inadvertence, no substantial injustice resulted or was likely, and relief was just and equitable; the case summary records curative orders. Beacon’s 25 November 2025 AGM presentation lists McGarry as Executive Chairman/Managing Director. This is a company-level process failure overlapping his role, not a personal court finding. The full judgment was not available. The case page dates the decision 1 October 2026, while the ASX listing shows a Confirmation of Orders release dated 29 September; sequence is unresolved. **Attribution:** Role overlaps event; causation unproven. McGarry was the serving CEO/Executive Chairman during the 2025 AGM, but the public headnote does not assign personal responsibility. The Court’s reported honest-inadvertence/no-substantial-injustice findings and curative relief materially qualify the company-level lapse. **Relevance:** Relevant to financial-reporting governance and board controls; it is not evidence of personal dishonesty. [Re Beacon Minerals Ltd; Ex Parte Beacon Minerals Ltd \[2026\] WASC 424]() (Case summary: catchwords and Quick Take, ss1322, 327B and 328B; full judgment inaccessible); [Annual General Meeting Presentation]() (slide 27, McGarry’s role at 25 November 2025 AGM); [Beacon Minerals 2026 ASX announcements listing]() (29 September 2026 listing of Confirmation of Orders; underlying three-page notice not retrieved) ## Suitability for the current role ### Role fit remains only partly evidenced [bcn_graham_mcgarry_rolefit] Current appointment through 2026-10-10 · analyst inference · low materiality Issuer report styles McGarry CPA, CD and describes eight years as Amalg Resources MD, where he was responsible for developing Eloise copper mine from early project stage to underground mine. A Perth Mint interview recalls treatment-plant work beginning in 1984 or 1985. This supports relevant disclosed experience for Executive Chairman/Managing Director, but does not establish attributable performance across the full tenure. Analyst assessment: role relevance is plausible; strength is unproven from reviewed public sources. **Attribution:** Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes. **Relevance:** Relevant to current Executive Chairman/Managing Director duties at Beacon Minerals Limited. [Beacon Minerals Annual Report 2025]() (Directors’ report, printed p. 11); [Graham McGarry – 125 years]() (Graham McGarry profile; recollection of treatment-plant work starting in 1984/85) ## Evidence gaps - Exact dates for the eight-year Amalg Resources tenure and the identities/dates of other projects McGarry says he developed are not stated in the reviewed sources; treatment-plant work is recalled as starting in 1984 or 1985. - The 2025 issuer annual report styles McGarry “CPA, CD”, but awarding body, qualification dates and education details were not independently verified. - No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance. - Beacon’s FY2026 audited annual report was listed on 29 September 2026 but could not be retrieved; preliminary FY2026 results here are unaudited. - The accessible WASC case headnote is secondary and the full judgment/order was not retrieved; the reported 1 October case date conflicts with a 29 September ASX listing for Confirmation of Orders. - No ASX closure assessment or follow-up to Beacon’s 7 February 2017 aware-query response was located. - The 2003 Eroc v Amalg source is a secondary reproduction because the official Queensland judgment landing page was inaccessible; it reports no personal dishonesty finding.