# Roger Baxter

Executive Chairman

## Career chronology

- **Since 2024-10-01: Southern Palladium Limited** — Executive Chairman. [SPD initiation report, 27 January 2026](<https://www.southernpalladium.com/wp-content/uploads/2026/01/SPD-Initiation-Report-2026-01-27.pdf>) (Management/director profile; current role)

## Contributions and company outcomes

### Bengwenyama mining right granted for an initial 30 years [spd_roger_baxter_bengwenyama_mining_right]

7 August 2026 · issuer reported · medium materiality

The company’s FY2026 annual report states that its 70%-owned subsidiary MUM received a 30-year mining right for Bengwenyama on 7 August 2026. Baxter was Executive Chairman and the project’s board-level lead; the records support role overlap with a major permitting milestone, not individual causation.

**Attribution:** Role overlaps event; causation unproven. Baxter’s executive-chair tenure overlaps the project milestone. The source does not attribute the regulatory decision solely to him.

**Relevance:** A long-duration right is a material development-stage milestone relevant to board delivery and execution oversight.

[Southern Palladium Limited Annual Report 2026](<https://financialfilings.com/filings/southern-palladium-limited/annual-report/2026/63669470/>) (After Reporting Date Events, p. 18; Directors’ Report, board roles); [ASX announcements register](<https://www.southernpalladium.com/investor-centre/asx-announcements/>) (10 August 2026, “Mining Right Granted for Southern Palladium’s Bengwenyama World-class PGM-Chrome Project”)

## Governance and interests

### JSE trades executed during company closed period [spd_roger_baxter_closed_period_trade]

22–25 September 2025 · issuer reported · medium materiality

The company disclosed that 1,533 shares were acquired on the JSE in two trades dated 23 and 25 September 2025 while a closed period applied before release of the FY2025 financial report. The issuer said Baxter placed orders on 22 September, later realised the restriction, attempted to cancel and believed he had cancelled them; it characterized the transactions as inadvertent. The reviewed filing records disclosure and the issuer explanation but no regulator determination, sanction or later resolution.

**Attribution:** Individual involvement documented. The issuer filing identifies Baxter as the director whose share interest changed and reports the explanation attributed to him. No finding of intentional misconduct is established by this source.

**Relevance:** Closed-period dealing controls are directly relevant to a director’s governance obligations and the board’s securities-trading processes.

[Appendix 3Y – Change of Director’s Interest Notice: Roger Baxter](<https://announcements.asx.com.au/asxpdf/20250926/pdf/06pr8k1mxz95xs.pdf>) (pp. 1–3, issuer explanation and Appendix 3Y details)

## Suitability for the current role

### Role alignment; record remains incomplete [spd_roger_baxter_role_fit]

Evidence cutoff 2026-10-09 · analyst inference · low materiality

The reviewed issuer profile confirms this current role. The short public profile supports a preliminary role-alignment observation only; independent evidence on delivered outcomes and full tenure is insufficient for a broader performance judgment.

**Attribution:** Responsibility not applicable. This is an analyst assessment of the documented role and experience, not a claim of responsibility for a company outcome.

**Relevance:** Role alignment matters to execution in the current position, but the reviewed evidence does not establish full delivery or control outcomes.

[SPD initiation report, 27 January 2026](<https://www.southernpalladium.com/wp-content/uploads/2026/01/SPD-Initiation-Report-2026-01-27.pdf>) (Executive or management profile: Roger Baxter; current role and available career detail)

## Evidence gaps

- Full dated employment chronology, independently verified education and concurrent board interests were not established from the opened sources.

- The grouped adverse-topic search was preliminary; person-specific regulator, court, safety, environmental, insolvency, fraud and governance checks remain incomplete.
