# Anthony Lennox

Managing Director, Chief Executive Officer

## Career chronology

- **Appointed MD/CEO effective 3 April 2025; director since December 2023: Orion Minerals Limited** — Managing Director and CEO. [Annual Report 2025](<https://announcements.asx.com.au/asxpdf/20251001/pdf/06pykrcxnwzzjw.pdf>) (2025 Annual Report pp.15 and 49)

- **Managing Director from 12 July 2010 until resignation effective 31 July 2013: Palabora Mining Company** — CEO; prior senior mining leadership roles. [Palabora Integrated Annual Report 2010](<https://www.sharedata.co.za/data/000314/pdfs/palamin_ar_dec10.pdf>) (director profile, p.5); [Update on Rio Tinto and Anglo American Divestment and Change in Directorate](<https://www.sharenet.co.za/v3/sens_display.php?scode=PAM&seq=5&tdate=20130801071000>) (directorate change, lines 81–87)

- **Prior roles reported, dates and titles not specified: Rio Tinto; BHP** — Mining engineering and executive roles. [Palabora Integrated Annual Report 2010](<https://www.sharedata.co.za/data/000314/pdfs/palamin_ar_dec10.pdf>) (director profile, p.5)

## Education and qualifications

### Education and professional qualifications disclosed [anthony_lennox_education]

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

Bachelor of Engineering (Honours), University of New South Wales; reported in 2025 annual leadership profile.

**Attribution:** Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

**Relevance:** Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

[Annual Report 2025](<https://announcements.asx.com.au/asxpdf/20251001/pdf/06pykrcxnwzzjw.pdf>) (2025 Annual Report pp.15 and 49)

## Contributions and company outcomes

### Board credited his Palabora leadership; current Orion project remains pre-execution [anthony_lennox_outcome]

2010-07-12 to 2013-07-31 at Palabora; 2025-04 to 2026-07 at Orion · documented · medium materiality

At Palabora, the board said Lennox guided the company through Lift II order-of-magnitude and pre-feasibility studies, magnetite growth, a smelter study and the vermiculite business. The 2010 annual report records his MD appointment on 12 July 2010; he resigned effective 31 July 2013 as the ownership change took effect. During that CEO tenure, Palabora reported that 2012 guide-rope failure had disrupted shaft hoisting until September, and the 2013 results cite further winder problems, industrial action and eight regulator Section 54 notices affecting production. The report also records a R244m insurance recovery and improved production/earnings in 2013. These are company-level operating events and the board’s limited credit; no personal fault or direct responsibility for the incidents is established. At Orion, his current tenure includes a completed $15.4m equity raise and financing progress, but the project was still pre-execution in June 2026 and first production was only targeted for H2 2027.

**Attribution:** Individual involvement documented. The Palabora board directly credited Lennox with guiding specific study and business areas. The safety/operating setbacks and Orion financing/project status are role-overlap/company outcomes, not evidence of personal causation.

**Relevance:** Combines directly credited prior project/development leadership with material safety/production context during the same CEO tenure; current mine-development success remains unproven because Orion had not entered execution/production at the cutoff.

[Palabora Integrated Annual Report 2010](<https://www.sharedata.co.za/data/000314/pdfs/palamin_ar_dec10.pdf>) (director profile p.5; FY2010 company-level financial summary); [Update on Rio Tinto and Anglo American Divestment and Change in Directorate](<https://www.sharenet.co.za/v3/sens_display.php?scode=PAM&seq=5&tdate=20130801071000>) (directorate change, lines 81–87); [Reviewed Provisional Results for the Year Ended 31 December 2013](<https://www.sharenet.co.za/v3/sens_display.php?seq=7&tdate=20140304073000>) (operating challenges, safety and results, lines 107–160); [June 2026 Quarterly Activities Report](<https://www.sharenet.co.za/v3/sens_display.php?seq=13&tdate=20260731083000>) (financing and project status, lines 68–101, 119–133, 221–245)

## Business failures and setbacks

### Production interruptions at Palabora during his managing-director tenure [anthony_lennox_palabora_failure]

2012-07 to 2013; Lennox Palabora MD tenure 2010-07-12 to 2013-07-31 · documented · medium materiality

Palabora’s 2013 reviewed results report a July 2012 underground guide-rope failure that affected ore hoisting until 9 September 2012. In 2013 a south hoisting winder bearing failed, the north winder tail rope entangled, industrial action affected underground/smelter production, and eight Department of Mineral Resources Section 54 notices caused lost production days. The same report describes a R244m insurance claim for the 2012 failure, ore-hoisting recovery and improved 2013 adjusted EBITDA and cash. This is a material operating setback with reported recovery context, not evidence that Lennox caused or failed to manage it.

**Attribution:** Role overlaps event; causation unproven. Lennox was Palabora MD for the period according to dated appointment and resignation records. The issuer attributes operational causes to equipment failures, labor action and notices; no individual breach or causal responsibility is reported.

**Relevance:** Relevant to operations and safety oversight in a prior mining CEO role; outcomes include interruptions and recovery, with no individual fault finding.

[Palabora Integrated Annual Report 2010](<https://www.sharedata.co.za/data/000314/pdfs/palamin_ar_dec10.pdf>) (MD appointment, p.5); [Reviewed Provisional Results for the Year Ended 31 December 2013](<https://www.sharenet.co.za/v3/sens_display.php?seq=7&tdate=20140304073000>) (operating challenges and resolution, lines 107–160; claim details lines 121–127 and 684–689); [Update on Rio Tinto and Anglo American Divestment and Change in Directorate](<https://www.sharenet.co.za/v3/sens_display.php?scode=PAM&seq=5&tdate=20130801071000>) (resignation effective 31 July 2013, lines 81–87)

## Industrial safety

### Palabora reported safety notices and injuries during CEO tenure [anthony_lennox_palabora_safety]

FY2012–FY2013 · documented · medium materiality

Palabora’s reviewed 2013 results state eight Department of Mineral Resources Section 54 notices during the year affected production through days lost; all reported injuries fell to 23 in 2013 from 24 in 2012 and the all-injury frequency rate fell from 0.49 to 0.46. The report does not describe personal fault, a fatality, or a specific order against Lennox. This is company-level regulator/safety information overlapping his dated Palabora CEO tenure.

**Attribution:** Role overlaps event; causation unproven. As MD during the period, role overlap is documented; the filing gives no evidence that he caused the events or that an order was personally directed at him.

**Relevance:** Relevant to mining operational oversight and risk; the quantitative trend improved, while eight regulatory stoppage notices remained material.

[Palabora Integrated Annual Report 2010](<https://www.sharedata.co.za/data/000314/pdfs/palamin_ar_dec10.pdf>) (MD appointment, p.5); [Reviewed Provisional Results for the Year Ended 31 December 2013](<https://www.sharenet.co.za/v3/sens_display.php?seq=7&tdate=20140304073000>) (Safety and operating challenges, lines 107–145); [Update on Rio Tinto and Anglo American Divestment and Change in Directorate](<https://www.sharenet.co.za/v3/sens_display.php?scode=PAM&seq=5&tdate=20130801071000>) (resignation effective 31 July 2013, lines 81–87)

## Suitability for the current role

### Role fit supported by relevant experience; delivery limits remain [anthony_lennox_rolefit]

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. CEO since April 2025. During his tenure, Orion completed a $15.4m equity raise and advanced conditions for a Glencore financing; the June 2026 quarterly report still described the Prieska project as pre-execution, with production targeted for H2 2027. These are company outcomes within his tenure, not proof of individual causation or delivered production. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

**Attribution:** Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

**Relevance:** Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

[Annual Report 2025](<https://announcements.asx.com.au/asxpdf/20251001/pdf/06pykrcxnwzzjw.pdf>) (2025 Annual Report pp.15 and 49); [June 2026 Quarterly Activities Report](<https://www.sharenet.co.za/v3/sens_display.php?seq=13&tdate=20260731083000>) (relevant executive/team activity and project status)

## Evidence gaps

- The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

- Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

- No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

- Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.
