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2026-11-06

← AII management

Full background report

Lewis Black

Chairman; President; Chief Executive Officer

Career chronology

Education and qualifications

Reported education and credentials

As reported by issuer · issuer reported · low materiality

Issuer reports BA (Honours), Manchester University.

Attribution: Responsibility not applicable. Credentials were not independently verified with the awarding body.

Relevance: Qualifications are relevant to role fit; they do not by themselves establish professional results.

2025 Annual Information Form (PDF page 51, directors and officers)

Contributions and company outcomes

First Sangdong concentrate reported during tenure

September 2026 · issuer reported · medium materiality

On 29 September 2026 Almonty reported the first bags of Sangdong tungsten concentrate and said the mill was running 13 hours per day during ramp-up. Further ramp-up and Phase II expansion were forward plans, not established delivery.

Attribution: Role overlaps event; causation unproven. The officer or director held a position during the milestone; sources do not establish individual causation or personal contribution.

Relevance: A reported commissioning milestone at the company’s principal project, not proof of sustained commercial output.

Shareholder letter and corporate update (Sangdong first concentrate and operating hours); September 2026 investor presentation (Page 16, leadership roles)

Business failures and setbacks

Wolfram Camp closure and liquidation

2014–2023 · documented · high materiality

Almonty acquired Wolfram Camp operators in 2014 and its board decided in 2018 to stop funding refurbishment and place the subsidiaries into liquidation. The liquidator reported that the mine was on care and maintenance, funds were insufficient for continued care, and environmental protection orders had been issued for financial and technical breaches. Almonty later said liquidation completed in fiscal 2023.

Attribution: Role overlaps event; causation unproven. Black and D’Amato were Almonty and WCM directors; their individual causal responsibility for site events was not established.

Relevance: Material prior project outcome and oversight context for current leadership.

Wolfram Camp creditors notice (Pages 1–2, appointment, EPOs and financial position); 2023 Annual Information Form (Page 1, acquisition and completed liquidation); Almonty ASX prospectus (Section 10.7, pages 127–128: WCM directorships and disputed claims)

Environmental record

Wolfram Camp environmental authority and rehabilitation dispute

2018–2022; later outcome unresolved · disputed · medium materiality

The liquidator reported environmental protection orders involving financial and technical breaches. Almonty’s 2022 accounts describe separate environmental-authority allegations against WCM and Tropical Metals, state both subsidiaries denied liability, and report court proceedings seeking further rehabilitation financial assurance. The eventual action and remediation outcomes were not established.

Attribution: Role overlaps event; causation unproven. Evidence concerns subsidiaries and their regulatory matters; individual culpability has not been established.

Relevance: Relevant to environmental oversight and remediation history.

Wolfram Camp creditors notice (Pages 1–2); 2022 audited consolidated financial statements (Contingencies note: environmental action and financial assurance)

Litigation and enforcement

Disputed former-director superannuation contribution claim

2019 proceedings; disclosed 2021; latest outcome unresolved · disputed · high materiality

Almonty disclosed in its 2021 ASX prospectus that former WCM director Darcy Milburn sought contribution from Black and D’Amato after the Australian Taxation Office sued him over alleged unpaid WCM superannuation. Milburn also alleged misleading conduct by Black. The prospectus says all respondents disputed the claims and filed defences; no final outcome was located in targeted searches. The 2026 annual information form reports no material company proceedings but does not resolve this particular case.

Attribution: Individual involvement documented. The claims name the individuals, but allegations and a contribution claim do not establish misconduct or liability.

Relevance: Relevant to governance and legal diligence; current disposition remains unknown.

Almonty ASX prospectus (Sections 10.6–10.7, pages 126–127); Almonty 2025 Annual Information Form, SEC-hosted copy (Legal Proceedings section, SEC-hosted HTML)

Suitability for the current role

Role fit and documented background

Through 31 October 2026 · analyst inference · low materiality

Analyst inference: the documented prior roles have relevance to the present title, but individual execution and effectiveness in the current position are not established by the biography.

Attribution: Responsibility not applicable. This is a limited inference from described experience, not proof of competence or performance.

Relevance: Relevant to current mining operations, finance or governance.

2025 Annual Information Form (PDF page 51, directors and officers)

Evidence gaps

  • Degrees and professional credentials were not independently verified with awarding institutions or membership registers.

  • Historical employment dates and individual contributions remain incomplete; sources are predominantly issuer disclosures.

  • This is limited open-web research, not an exhaustive court, criminal, sanctions, regulatory, reference or employment verification.

  • No final outcome of the Milburn contribution proceedings was located; their current status cannot be determined.

  • Final outcome of the environmental proceedings and site remediation is not established by the reviewed records.