# Peter Duerden Managing Director ## Career chronology - **Appointed effective 10 January 2022; current at cutoff.: Waratah Minerals Limited (formerly Battery Minerals Limited)** — Managing Director. [2025 Annual Report]() (Directors Report, Duerden appointment, printed page 22) - **Appointed to lead Magmatic in January 2020; 2022 Waratah annual report states he resigned as director on 17 December 2021.: Magmatic Resources Limited** — Managing Director. [Duerden to take the helm at Magmatic]() (Appointment release dated 31 January 2020, lines 22-30); [2022 Annual Report]() (Directors Report, former directorships) - **Former Managing Director; Waratah 2022 annual report records resignation as director on 4 December 2019.: Sky Metals Limited** — Managing Director. [2022 Annual Report]() (Directors Report, former directorships) - **Magmatic’s appointment statement says he was in charge of Alkane’s North Molong Belt alkalic porphyry gold-copper exploration for 10 years; exact beginning and end dates were not independently confirmed.: Alkane Resources Limited** — District Manager, NSW / North Molong Belt exploration lead. [Duerden to take the helm at Magmatic]() (Appointment release, lines 25-30) - **Waratah’s 2025 annual report and Magmatic appointment statement identify senior exploration roles/district manager experience; dates not established.: Newcrest Mining Limited** — District Manager, NSW. [Duerden to take the helm at Magmatic]() (Appointment release, line 25); [2025 Annual Report]() (Directors Report, Duerden experience, printed page 22) ## Education and qualifications ### Economic geology qualifications and memberships [wtm_peter_education] As reported through 2026-10-09 · issuer reported · medium materiality The issuer reports BSc (Honours) and Masters in Economic Geology, RPGeo registration, and membership of the Australian Institute of Geoscientists and Society of Economic Geologists. These details are not independently verified against university or membership registers. **Attribution:** Responsibility not applicable. Credentials are issuer-reported; no primary credential-register result was obtained. **Relevance:** Directly relevant to geological exploration leadership and technical sign-off. [Board and Management]() (Peter Duerden biography, qualifications and memberships); [2025 Annual Report]() (Directors Report, printed page 22) ## Personal achievements ### Prior Alkane work contributed to Boda discovery [wtm_peter_boda] Approximately 2009-2019 exploration; discovery reported November 2019 · documented · high materiality Magmatic’s 2020 appointment release states Duerden had led Alkane Resources’ North Molong Belt alkalic porphyry gold-copper exploration for 10 years and that his region-defining work contributed significantly to the Boda discovery. Alkane’s timeline dates the discovery to November 2019 and records subsequent Boda/Kaiser resource estimates in 2022 and 2023. The attribution of contribution is direct in the appointment release, while the resource growth and awards are company-level outcomes. **Attribution:** Individual involvement documented. Magmatic’s contemporaneous appointment statement explicitly links Duerden’s regional work to the discovery; no individual ownership of the discovery or sole causation is implied. **Relevance:** Strong technical delivery evidence relevant to a NSW porphyry exploration strategy, while the discovery was a team outcome. [Duerden to take the helm at Magmatic]() (Appointment release, Alkane/North Molong Belt passage, lines 25-30); [About Alkane: timeline]() (Timeline, 2019 Boda discovery and 2022-2023 resource estimates, lines 200-201) ## Contributions and company outcomes ### WTM exploration results during Managing Director tenure [wtm_peter_wtm_drilling] 2022-01 to 2026-09 · issuer reported · medium materiality WTM’s 22 September 2026 issuer update reported SPD075 at 46m grading 7.27 g/t gold from 541m and extensions at Consols. The selected company bundle describes 77,132m drilled in its program by 4 August 2026 and no mineral resource estimate. Duerden has been Managing Director since 10 January 2022; the company exploration outcomes overlap his tenure, but the release does not establish an individual technical contribution. **Attribution:** Role overlaps event; causation unproven. Managing Director tenure overlaps the drilling program; personal technical responsibility for SPD075 and capital allocation is not established in the cited release. **Relevance:** Relevant evidence of active exploration execution, but high spend and drilling meters/intercepts are not an economic discovery or resource by themselves. [Spur Gold Discovery Drilling Delivers Best Intercept To Date]() (Issuer ASXNews post dated 22 September 2026; SPD075 and Consols highlights); [2025 Annual Report]() (Directors Report, appointment date, printed page 22) ## Suitability for the current role ### Exploration leadership relevant to WTM [wtm_peter_role_fit] Career reviewed through 2026-10-09 · analyst inference · medium materiality Annual reports and issuer biographies identify Duerden as Managing Director of Sky Metals, Magmatic Resources, and Waratah/Battery Minerals; Magmatic identifies him as an East Lachlan specialist and former Newcrest NSW district manager. The evidence supports a strong regional geology fit. Prior role dates and comparable shareholder outcomes across all junior explorers were not comprehensively reconstructed. **Attribution:** Responsibility not applicable. Role-fit conclusion is an inference from reported job history and the directly linked Boda contribution; it does not assign results at prior employers beyond cited attribution. **Relevance:** Relevant to WTM’s exploration-led strategy and project generation; company secretary, financing and board-level governance responsibilities are not established as his specialist domain. [Board and Management]() (Peter Duerden biography); [Duerden to take the helm at Magmatic]() (Appointment release, lines 22-30); [2022 Annual Report]() (Directors Report, Duerden career and appointment chronology); [Duerden to take the helm at Magmatic]() (Appointment release, Alkane contribution to Boda discovery) ## Evidence gaps - Full dates and titles for prior Newcrest and Alkane roles and all corporate positions at Australian Gold and Copper were not reconstructed. - BSc (Honours), Masters in Economic Geology, RPGeo registration and professional memberships are reported in company materials but were not independently checked against primary credential registers. - No systematic outcome review was completed for each former junior explorer, so employer-level underperformance or financing outcomes may be missing. - Open-web adverse searches are scoped and are not exhaustive criminal, sanctions, court, litigation, credential, environmental or regulator checks.