# Matthew Blackwell

Head of Projects and Sales and Marketing

## Career chronology

- **2019 for major projects; late 2020 for renewed marketing responsibilities: Iluka Resources Limited** — Head of Projects and Sales and Marketing. [2025 Annual Report](<https://www.iluka.com/media/yhwn2hzi/iluka-ar25-final-single-pages-18226.pdf>) (p.38; executive biography)

- **October 2002 to August 2004 according to 2006 Asia Pacific Resources filing; 2003 vice president operations role corroborated contemporaneously: Asia Pacific Resources / Asia Pacific Potash** — Executive vice president; vice president operations at subsidiary. [2025 Annual Report](<https://www.iluka.com/media/yhwn2hzi/iluka-ar25-final-single-pages-18226.pdf>) (p.38); [The potash project: Thailand’s first underground mine](<https://www.canadianminingjournal.com/featured-article/the-potash-project-thailand-s-first-underground-mine/>) (Project development and APPC vice-president of operations); [Asia Pacific Resources 2005 Form 20-F](<https://www.sec.gov/Archives/edgar/data/949577/000113717106001208/asiapacific20f051606.htm>) (p.43, compensation table and note 4; month-level tenure)

## Education and qualifications

### Issuer-reported qualifications [blackwell_education]

Qualifications reported in 2025 report · issuer reported · low materiality

BEng (Mechanical), Graduate Diploma in Technology Management, MBA, MAICD and MIEAust, issuer-reported. Independent awarding-body or professional-register records were not reviewed.

**Attribution:** Responsibility not applicable. Issuer-reported; not independently verified.

**Relevance:** Credentials relate to professional background, not evidence of performance.

[2025 Annual Report](<https://www.iluka.com/media/yhwn2hzi/iluka-ar25-final-single-pages-18226.pdf>) (p.38; executive biography)

## Business failures and setbacks

### Eneabba budget increased while construction continues [blackwell_eneabba]

2022–September 2026 · documented · medium materiality

Iluka’s 2022 final investment estimate of A$1.0–1.2 billion rose to A$1.7–1.8 billion by 2024. The company reported 65% construction completion and A$1.237 billion accrued at 30 September 2026; first refinery output is not yet demonstrated.

**Attribution:** Role overlaps event; causation unproven. The current finance, projects or rare-earths role overlaps the project period, but no source assigns this person individual responsibility for the increase.

**Relevance:** Directly relevant to current development responsibilities without attributing the outcome to one person.

[Iluka confirms cost blowout at Australian rare earths refinery](<https://www.miningweekly.com/article/iluka-confirms-cost-blowout-at-australian-rare-earths-refinery-2024-02-21>) (Capital estimate and company explanation); [Quarterly Review to 30 September 2026](<https://financialfilings.com/filings/iluka-resources-limited/interim-quarterly-report/2026/74808923/>) (p.4, Eneabba project update)

## Environmental record

### Udon potash development faced community and assessment objections [blackwell_udon]

2003 proposal; later 2005 company response · documented · high materiality

In 2003 Canadian Mining Journal identified Blackwell as vice president of operations at Asia Pacific Potash and described critics’ concerns over water, salinity, tailings and subsidence. A 2004 health-impact paper reports a 2003 expert committee raised serious EIA concerns. The contemporaneous article records the company’s proposed backfill and monitoring response; in 2005 the company said its EIA had been approved and it had answered the committee’s questions. These accounts do not establish personal misconduct or the ultimate outcome. Asia Pacific’s later SEC filing lists Matthew Blackwell as vice president operations in 2003–04 and states that “Mathew Blackwell” was employed from October 2002 to August 2004; the sources use different spellings but match role and employer. The precise outcome of the 2003 EIA controversy and his personal involvement in community decisions remain unverified.

**Attribution:** Role overlaps event; causation unproven. Blackwell held an operations role on the proposed project in 2003; the company response was after he joined Iluka and no personal involvement in contested claims is established.

**Relevance:** Relevant prior project and community-engagement context.

[The potash project: Thailand’s first underground mine](<https://www.canadianminingjournal.com/featured-article/the-potash-project-thailand-s-first-underground-mine/>) (2003 project plans, community concern and Blackwell’s operations role); [Health Impact Assessment in Thailand](<https://iaia.org/pdf/IAIAMemberDocuments/Publications/Conference_Materials/IAIA04/PapersPDF/SN24.2-Kessomboon-HIA%20and%20Potash%20Mining%20Project.pdf>) (p.1, 2003 assessment and public process); [Asia Pacific Resources Responds to Asia Times Allegations](<https://www.business-humanrights.org/en/latest-news/pdf-asia-pacific-resources-responds-to-asia-times-allegations-thailand/>) (2005 company response on EIA questions); [Asia Pacific Resources 2005 Form 20-F](<https://www.sec.gov/Archives/edgar/data/949577/000113717106001208/asiapacific20f051606.htm>) (p.43, compensation table and note 4; project EIA discussion pp.16 and 32)

## Suitability for the current role

### Relevant experience and role fit [blackwell_fit]

Career through 2026 · analyst inference · medium materiality

Joined Iluka in 2004 as president of US operations; later marketing and major projects leadership. Previously executive vice president of Asia Pacific Resources in Thailand. Analyst inference: this disclosed background is relevant to the current role; the company biographies do not establish independent attribution of delivery or performance.

**Attribution:** Responsibility not applicable. Role-fit inference from disclosed career, not a performance finding.

**Relevance:** Relevant professional experience and documented limitations.

[2025 Annual Report](<https://www.iluka.com/media/yhwn2hzi/iluka-ar25-final-single-pages-18226.pdf>) (p.38; executive biography)

## Evidence gaps

- Education and professional credentials are issuer-reported and not independently verified.

- Full prior-employer dates and individual contribution to company outcomes are not established.

- Targeted public search is not an exhaustive court, sanctions, regulator or credential check.

- Original Thai regulator and court records, exact day-level Asia Pacific tenure and full community-impact outcomes were not obtained.
