# Craig Bradshaw Managing Director ## Career chronology - **From 2025-10-01: EQ Resources** — Managing Director. [Appointment of Craig Bradshaw as Managing Director]() (Page 1) ## Contributions and company outcomes ### Masan reported higher 2022 revenue [brad_masan_success] 2022 · issuer reported · medium materiality Masan reported VND15,550 billion in 2022 revenue, 15% above 2021, citing stronger tungsten demand and pricing; Bradshaw was identified as its CEO. This is a company result and does not establish his individual contribution. **Attribution:** Role overlaps event; causation unproven. The issuer identifies him as CEO but does not isolate his contribution or the effect of pricing. **Relevance:** Provides balance to the prior operating setback. [Masan High-Tech Materials achieved record revenues in 2022]() (PDF page 1, AGM and revenue) ### Recapitalisation and reported profit [eqr_finance] FY2026 · issuer reported · medium materiality EQR reported FY2026 net profit after tax of A$7.1 million versus a restated A$39.2 million loss in FY2025. The managing director described substantial equity raising and debt conversion, with shares on issue increasing from 2.7 billion to 5.1 billion. This followed a period of liquidity pressure and benefited from higher tungsten prices. **Attribution:** Role overlaps event; causation unproven. Bradshaw became managing director 1 October 2025, part way through FY2026; the source does not isolate his individual contribution. **Relevance:** Financing recovery and dilution are both relevant to management delivery. [Annual report FY2026]() (Physical PDF page 6, printed page 4, managing director address) ## Business failures and setbacks ### Prior mine blasting interruption [brad_masan] 2023–2024 · issuer reported · medium materiality Masan reported blasting at Nui Phao had stopped since Q2 2023, lowering mined ore volumes and profitability. A 2024 Masan release announced a replacement blasting partnership and expected resumption in March. It names Bradshaw as CEO but does not establish his individual responsibility for the stoppage or independently establish the actual restart. **Attribution:** Role overlaps event; causation unproven. Bradshaw was named as Masan CEO in the release; personal responsibility and actual restart were not independently established. **Relevance:** A relevant prior operating setback alongside the company’s stated response. [Nui Phao Mining and GAET form strategic blasting partnership]() (PDF page 1, interruption and partnership) ## Industrial safety ### Mt Carbine safety frequency [craig_bradshaw_safety] FY2025–September 2026 · issuer reported · high materiality EQR reported Mt Carbine lost-time injury frequency increased from 36.6 in FY2025 to 43.0 in FY2026 and then fell to 34.8 at September 2026. The company reported safety audits and new controls; effectiveness over a longer period remains unestablished. **Attribution:** Role overlaps event; causation unproven. Company and site-level measures during this person’s reported role; individual causal responsibility and exact incident-level oversight are not established. **Relevance:** Material operating and workforce-safety context. [Annual report FY2026]() (Physical PDF page 6, printed page 4, safety section); [September 2026 quarterly activities]() (PDF page 4, Health and Safety) ### Barruecopardo safety frequency [craig_bradshaw_barr_safety] FY2025–September 2026 · issuer reported · high materiality EQR reported Barruecopardo lost-time injury frequency declined from 22.5 in FY2025 to 15.8 in FY2026, then increased to 22.3 at September 2026. The company reports continued safety sessions and environmental monitoring. **Attribution:** Role overlaps event; causation unproven. Site-level outcomes overlap the person’s reported role; the evidence does not establish personal causation or responsibility for any particular injury. **Relevance:** Relevant context for operating oversight. [Annual report FY2026]() (Physical PDF page 6, printed page 4, safety section); [September 2026 quarterly activities]() (PDF page 3, Health and Safety) ## Environmental record ### Restoration-plan non-compliance remained open [craig_bradshaw_restore] October 2026 · issuer reported · medium materiality The October quarterly says a risk of temporary suspension at Barruecopardo linked to partial non-compliance with the restoration mining plan had been mitigated after engagement with Salamanca’s industry authority. EQR said it continued work to address the non-compliance; the final regulator disposition was not established. **Attribution:** Role overlaps event; causation unproven. This is the company’s account of the site issue; individual decisions and fault are not established, and the regulator notice was not independently inspected. **Relevance:** Relevant environmental compliance and continuity context. [September 2026 quarterly activities]() (PDF page 3, final processing paragraph) ## Suitability for the current role ### Tungsten industry background [brad_experience] Prior to 2025 · analyst inference · medium materiality The issuer says Bradshaw was CEO of Masan High-Tech Materials and managing director of H.C. Starck Tungsten Powders before joining EQR. His appointment disclosure reports a business degree and CPA qualification; independent verification and precise former-employer dates are incomplete. **Attribution:** Responsibility not applicable. The former roles are issuer-reported and are not proof of specific individual commercial outcomes. **Relevance:** Relevant prior tungsten exposure for a two-mine producer. [Appointment of Craig Bradshaw as Managing Director]() (Page 1, appointment biography) ## Evidence gaps - This is a partial public-source screen; independent credentials, exact role and employer tenure, and person-specific prior-employer outcomes remain incompletely verified. - Separate person-specific searches for all required subject topics and targeted court/regulator checks remain incomplete. - The detailed source and search record is not a criminal, sanctions, regulatory or professional-credential clearance.