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2026-11-06
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Aurelia Metals Limited

Ramping Producer · Gold · Copper · Zinc · Lead · AU Rating locked: sign in to view v8.1 · ami-20261102t225757-full
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People, delivery and responsibility

Management background checks

Evidence through 2026-10-10

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

As of the 10 October 2026 evidence cutoff, the reconciled leadership team spans mine operations, development, finance, legal and people/culture roles. The strongest documented outcome evidence is Aurelia’s FY23 operating and financing reset during Andrew Graham’s Interim CEO period and audited FY26 KMP assessments for Martin Cummings and Graham. Those records mix strong cash/funding and gold outcomes with weaker safety, Peak-cost and schedule results. Dargues had a material site environmental event during Angus Wyllie’s GM tenure; regulator records name the subsidiary, not Wyllie personally. The offset trail shows progress but leaves final approval and credit issuance unresolved.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Martin Cummings

Company Secretary; Interim CEO through 6 October 2026; post-transition finance role unresolved

Current
Personal SuccessIssuer Reported · Medium materiality

FY26 Board-assessed KMP scorecard

Aurelia’s audited FY26 remuneration report records a 75% business outcome and 130% individual outcome for Martin Cummings, producing a weighted STI outcome of 86% of target and an A$223,303 award (57% of maximum). The report’s common business scorecard gave no credit for TRIFR (7.54 against a <5.93 target), threshold credit for Peak controllable costs (A$339/t against A$309/t target) and Great Cobar schedule, stretch credit for gold production and the New Occidental maiden resource, and Board-adjusted base-metal assessment. The report does not disclose the individual criteria behind Cummings’s 130% score, so the Board rating is evidence of its assessment, not an independently verified personal delivery record.

Individual involvement documented · The audited remuneration report directly assigns the published individual and weighted STI scores to Cummings; it does not disclose the underlying individual scorecard measures.

Aurelia Metals Limited Annual Report FY2026 · audited Remuneration Report, scorecard and STI calculation pp.37–38
Evidence gaps · 4
  • The reviewed source set does not resolve Cummings’s finance remit after Badenhorst took office on 6 October 2026; company-secretary service is documented.
  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.
  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.
  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Full background report

Martin Cummings

Company Secretary; Interim CEO through 6 October 2026; post-transition finance role unresolved

Career chronology

  • 27 November 2025 to cutoff: Aurelia Metals Limited — Company Secretary (appointed 27 November 2025); finance title after CEO transition not reported. Aurelia Metals Limited Annual Report FY2026 (company information p.1; management biography p.6)

  • CFO from December 2022 to 25 July 2026; Interim CEO 25 July–6 October 2026: Aurelia Metals Limited — Chief Financial Officer; Interim CEO from 25 July until 6 October 2026. Aurelia Metals Limited Annual Report FY2026 (management biography p.6; events after balance date p.27; remuneration transition p.29)

  • Before December 2022: Evolution Mining — General Manager, Investor Relations; previously General Manager roles spanning commercial, treasury and project approvals. Aurelia Metals Limited Annual Report FY2026 (management biography p.6)

  • Before Evolution Mining: Newcrest Mining and Lihir Gold — Senior positions (specific titles and dates not disclosed in reviewed biography). Aurelia Metals Limited Annual Report FY2026 (management biography p.6)

Personal achievements

FY26 Board-assessed KMP scorecard

FY2026, 1 July 2025–30 June 2026 · issuer reported · medium materiality

Aurelia’s audited FY26 remuneration report records a 75% business outcome and 130% individual outcome for Martin Cummings, producing a weighted STI outcome of 86% of target and an A$223,303 award (57% of maximum). The report’s common business scorecard gave no credit for TRIFR (7.54 against a <5.93 target), threshold credit for Peak controllable costs (A$339/t against A$309/t target) and Great Cobar schedule, stretch credit for gold production and the New Occidental maiden resource, and Board-adjusted base-metal assessment. The report does not disclose the individual criteria behind Cummings’s 130% score, so the Board rating is evidence of its assessment, not an independently verified personal delivery record.

Attribution: Individual involvement documented. The audited remuneration report directly assigns the published individual and weighted STI scores to Cummings; it does not disclose the underlying individual scorecard measures.

Relevance: Provides a documented Board assessment during his CFO tenure and shows that positive personal scoring coexisted with mixed company safety, cost and development metrics.

Aurelia Metals Limited Annual Report FY2026 (audited Remuneration Report, scorecard and STI calculation pp.37–38)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Martin Cummings joined Aurelia as CFO in December 2022, served as interim CEO from 25 July until Steve Badenhorst commenced 6 October 2026, and is recorded as a joint Company Secretary from November 2025. His finance title after the CEO transition is not established by the reviewed cutoff evidence. Before Aurelia he held senior finance, investor-relations, commercial, treasury and project-approvals roles at Evolution Mining, Newcrest and Lihir. Aurelia reports a Bachelor of Commerce (Accounting), Graduate Diploma of Corporate Governance and Risk Management, and CPA Australia membership. This supports relevant finance and governance experience; no causal claim about company outcomes is made.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Aurelia Metals Limited Annual Report FY2026 (management biographies, directors report and events after balance date)

Evidence gaps

  • The reviewed source set does not resolve Cummings’s finance remit after Badenhorst took office on 6 October 2026; company-secretary service is documented.

  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.

  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.

  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Leigh Collins

Interim Chief Financial Officer (post-6 October 2026 role not restated)

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.
  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.
  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Full background report

Leigh Collins

Interim Chief Financial Officer (post-6 October 2026 role not restated)

Career chronology

  • 25 July 2026 to cutoff; no end date reported: Aurelia Metals Limited — Interim Chief Financial Officer; appointed 25 July 2026, post-transition title not restated. Aurelia Metals Limited Annual Report FY2026 (events after balance date p.27)

  • 2019 to interim CFO appointment in July 2026: Aurelia Metals Limited — Commercial contracts, sales and marketing, reporting and investor relations; joined 2019. Leigh Collins Executive Profile (management biography / career chronology)

  • Before Aurelia; dates not disclosed: MMG Limited — Senior finance and business transformation roles. Leigh Collins Executive Profile (management biography / career chronology)

  • Before Aurelia; dates not disclosed: Lend Lease — Senior finance and business transformation roles. Leigh Collins Executive Profile (management biography / career chronology)

  • Before Aurelia; dates not disclosed: Newcrest Mining — Senior finance and business transformation roles. Leigh Collins Executive Profile (management biography / career chronology)

  • Before Aurelia; dates not disclosed: Schlumberger plc — Senior finance and business transformation roles, including UK experience. Leigh Collins Executive Profile (management biography / career chronology)

  • Earlier career: KPMG Melbourne — Career began in professional services; exact role and dates not disclosed. Leigh Collins Executive Profile (management biography / career chronology)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Leigh Collins joined Aurelia in 2019 and led commercial contracts, sales and marketing, reporting and investor-relations functions before becoming Interim CFO on 25 July 2026. Her profile reports Chartered Accountant status and a University of Melbourne Bachelor of Commerce, with earlier senior finance and business-transformation roles at MMG, Lend Lease, Newcrest and Schlumberger and an earlier KPMG career. This is relevant finance experience, but the interim CFO tenure was only about eleven weeks by cutoff, too short to assess performance in that role.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Leigh Collins Executive Profile (lines 25–28; biography attributed to Aurelia Metals); Aurelia Metals Limited Annual Report FY2026 (interim CFO appointment dated 25 July 2026)

Evidence gaps

  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.

  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.

  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Andrew Graham

Chief Development and Technical Officer

Current
Company SuccessIssuer Reported · Medium materiality

Interim CEO period: cash generation, financing and project reset

During Andrew Graham’s 19 November 2022–5 June 2023 Interim CEO term, Aurelia’s FY23 results reported that the December 2022 Organisational Renewal Program had returned all operations to cash generation, transitioned Peak to owner-operator mining, moved Hera to care and maintenance, optimised Federation and secured Trafigura financing plus an equity raise. Graham later publicly attributed these outcomes and the mine-plan reset to the leadership team over a seven-month period. The issuer’s results corroborate several outcomes but do not isolate Graham’s personal contribution. The turnaround was not an unqualified operating recovery: FY23 group gold output fell to 86.3 koz from 98.5 koz in FY22 and AISC rose to A$2,315/oz from A$1,707/oz.

Role overlaps event; causation unproven · Graham’s post is a self-attribution to the leadership team and the issuer’s annual results document company outcomes. No independent source apportions causal credit to him.

Andrew Graham’s post on Aurelia’s FY23 operational reset · public post, 7-month list of claimed outcomes
FY23 Financial Results · FY23 operational and financial results; Organisational Renewal Program outcomes
Appendix 4E and FY23 Financial Statements · FY23 audited financial statements and interim CEO remuneration period
Personal SuccessIssuer Reported · Medium materiality

FY26 Board-assessed KMP scorecard

Aurelia’s audited FY26 remuneration report records a 75% business outcome and 100% individual outcome for Andrew Graham, producing a weighted STI outcome of 80% of target and an A$213,413 award (53% of maximum). The report’s common business scorecard gave no credit for TRIFR (7.54 against a <5.93 target), threshold credit for Peak controllable costs (A$339/t against A$309/t target) and Great Cobar schedule, stretch credit for gold production and the New Occidental maiden resource, and Board-adjusted base-metal assessment. The report does not disclose the individual criteria behind Graham’s score, so this is the Board’s assessment rather than independent proof of personal delivery.

Individual involvement documented · The audited remuneration report directly assigns the published individual and weighted STI scores to Graham; it does not disclose the underlying individual scorecard measures.

Aurelia Metals Limited Annual Report FY2026 · audited Remuneration Report, scorecard and STI calculation pp.37–38
Evidence gaps · 3
  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.
  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.
  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Full background report

Andrew Graham

Chief Development and Technical Officer

Career chronology

  • September 2023 to cutoff: Aurelia Metals Limited — Chief Development and Technical Officer. Our Team (Our leadership team biography; appointment in September 2023)

  • Joined as General Manager – Growth in March 2022; Interim CEO term 19 November 2022–5 June 2023: Aurelia Metals Limited — General Manager – Growth; Interim Chief Executive Officer from 19 November 2022 to 5 June 2023. Our Team (Our leadership team biography); Appendix 4E and FY23 Financial Statements (FY23 Remuneration Report p.50, interim CEO term); Aurelia Metals Limited Annual Report FY2026 (management biography / executive chronology)

  • Before March 2022; exact dates not disclosed: MMG Limited — Executive roles in business development, M&A, strategy and project development. Andrew Graham Executive Profile (management biography / career chronology)

  • Before MMG; dates not disclosed: OZ Minerals Limited — Business development roles. Andrew Graham Executive Profile (management biography / career chronology)

  • Before OZ Minerals; dates not disclosed: Zinifex Limited — Business development roles. Andrew Graham Executive Profile (management biography / career chronology)

  • Earlier career; dates not disclosed: BHP — Site supervisory and engineering roles, followed by business evaluation, improvement and development roles. Andrew Graham Executive Profile (management biography / career chronology)

Personal achievements

FY26 Board-assessed KMP scorecard

FY2026, 1 July 2025–30 June 2026 · issuer reported · medium materiality

Aurelia’s audited FY26 remuneration report records a 75% business outcome and 100% individual outcome for Andrew Graham, producing a weighted STI outcome of 80% of target and an A$213,413 award (53% of maximum). The report’s common business scorecard gave no credit for TRIFR (7.54 against a <5.93 target), threshold credit for Peak controllable costs (A$339/t against A$309/t target) and Great Cobar schedule, stretch credit for gold production and the New Occidental maiden resource, and Board-adjusted base-metal assessment. The report does not disclose the individual criteria behind Graham’s score, so this is the Board’s assessment rather than independent proof of personal delivery.

Attribution: Individual involvement documented. The audited remuneration report directly assigns the published individual and weighted STI scores to Graham; it does not disclose the underlying individual scorecard measures.

Relevance: Documents the Board’s assessment during his CD&TO tenure while making clear that company-wide outcomes and undisclosed individual criteria limit independent evaluation.

Aurelia Metals Limited Annual Report FY2026 (audited Remuneration Report, scorecard and STI calculation pp.37–38)

Contributions and company outcomes

FY26 operating and development context

FY2026 or stated period · issuer reported · low materiality

The FY26 annual report records the company’s production, project and financial results during Graham’s CD&TO tenure. These results provide context for his development remit but do not isolate his contribution or establish that he personally delivered them. The opened company FY26 report does not provide an independently benchmarked executive performance attribution.

Attribution: Role overlaps event; causation unproven. The annual report describes company-level results; individual responsibility is not established.

Relevance: Relevant to the executive’s documented function and the company’s operating and development profile; the degree of personal contribution is limited to the evidence stated.

Aurelia Metals Limited Annual Report FY2026 (FY2026 operating and development disclosures)

Issuer-reported project and exploration contributions

FY2026 or stated period · issuer reported · low materiality

Aurelia identifies Graham as CD&TO during a period in which the company advanced Great Cobar and Federation development and reported exploration results. Evidence reviewed is issuer reporting and does not establish an independently verified personal success record or isolate his contribution from the broader team.

Attribution: Role overlaps event; causation unproven. Company reporting establishes timing and role overlap only.

Relevance: Relevant to the executive’s documented function and the company’s operating and development profile; the degree of personal contribution is limited to the evidence stated.

Aurelia Metals Limited Annual Report FY2026 (FY2026 operating and development disclosures)

Interim CEO period: cash generation, financing and project reset

Interim CEO term 19 November 2022–5 June 2023; FY2023 results · issuer reported · medium materiality

During Andrew Graham’s 19 November 2022–5 June 2023 Interim CEO term, Aurelia’s FY23 results reported that the December 2022 Organisational Renewal Program had returned all operations to cash generation, transitioned Peak to owner-operator mining, moved Hera to care and maintenance, optimised Federation and secured Trafigura financing plus an equity raise. Graham later publicly attributed these outcomes and the mine-plan reset to the leadership team over a seven-month period. The issuer’s results corroborate several outcomes but do not isolate Graham’s personal contribution. The turnaround was not an unqualified operating recovery: FY23 group gold output fell to 86.3 koz from 98.5 koz in FY22 and AISC rose to A$2,315/oz from A$1,707/oz.

Attribution: Role overlaps event; causation unproven. Graham’s post is a self-attribution to the leadership team and the issuer’s annual results document company outcomes. No independent source apportions causal credit to him.

Relevance: Relevant evidence of company outcomes and leadership tenure for an executive now responsible for development and technical delivery; mixed production and cost trends qualify the positive cash/funding outcomes.

Andrew Graham’s post on Aurelia’s FY23 operational reset (public post, 7-month list of claimed outcomes); FY23 Financial Results (FY23 operational and financial results; Organisational Renewal Program outcomes); Appendix 4E and FY23 Financial Statements (FY23 audited financial statements and interim CEO remuneration period)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Andrew Graham joined Aurelia as General Manager – Growth in March 2022; the FY23 remuneration report gives his Interim CEO term as 19 November 2022 to 5 June 2023, and Aurelia says he became Chief Development and Technical Officer in September 2023. Earlier roles covered business development, M&A, strategy and project development at MMG, OZ Minerals and Zinifex, and engineering/site roles at BHP. His mining-engineering and finance education and project-development chronology fit Aurelia’s growth portfolio. Company results provide context, not personal causation.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Appendix 4E and FY23 Financial Statements (FY23 Remuneration Report p.50, Interim CEO term); Our Team (Our leadership team biography); Andrew Graham Executive Profile (career and education biography)

Evidence gaps

  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.

  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.

  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Rochelle Carey

General Counsel and Company Secretary

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.
  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.
  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Full background report

Rochelle Carey

General Counsel and Company Secretary

Career chronology

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Rochelle Carey joined Aurelia as Senior Legal Counsel in August 2020 and became General Counsel and Company Secretary on 28 December 2022. The FY26 report describes more than 20 years in legal practice, including in-house roles at Stanmore, Energex and Glencore and Senior Associate at Allens; it records BBus/Law (QUT), LLM (LSE) and AICD graduate status. This background aligns directly with legal and listed-company secretariat duties; no individual legal or governance breach is identified in the reviewed sources.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Aurelia Metals Limited Annual Report FY2026 (directors report and management biographies); Our Team (leadership biography)

Evidence gaps

  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.

  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.

  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Angus Wyllie

General Manager, Cobar Region

Current
EnvironmentIssuer Reported · Medium materiality

Dargues biodiversity-offset delay and qualified follow-up

An August 2022 letter to NSW Planning, signed by then Dargues GM Angus Wyllie, requested six additional months to secure a biodiversity offset after the original end-August deadline could not be met. It cited uncertainty over the relevant plant community type, market availability, unsuitable properties and landholders declining to proceed. The 51st Dargues CCC minutes (meeting 27 March 2024) later say a BSA had been lodged with the DPE Biodiversity Credit Supply Taskforce and that the offset site was secured, with credits still subject to taskforce determination. Aurelia’s FY24 annual report subsequently says negotiations with NSW and a third-party landholder had progressed to establish Dargues offsite and onsite offsets. These records establish progress and a lodged agreement, but leave a status conflict and do not establish final BSA approval/registration or credit issuance/retirement by cutoff. The 2022 request is a compliance-timing issue; neither source establishes personal wrongdoing by Wyllie.

Role overlaps event; causation unproven · Wyllie signed the company request as GM; evidence supports role overlap and a reported compliance issue, not a finding of personal wrongdoing.

Dargues Gold Mine Biodiversity Offset Extension Request · extension request dated 23 August 2022, signed by Angus Wyllie
Aurelia Metals Annual Report 2024 · Land and Biodiversity / Water Management, p.59
EnvironmentDocumented · Medium materiality

Dargues wastewater overflows and EPA undertaking during GM tenure

Two wastewater holding-tank overflows occurred at Dargues on 13 July and 18–19 July 2023 while Wyllie was General Manager of Dargues. The NSW EPA says the first overflow reached the mine sediment dam; in the second, more than 190,000 litres escaped and some entered Spring Creek. The EPA issued a clean-up notice and required operational changes; Big Island Mining Pty Ltd, Aurelia’s wholly owned subsidiary, entered a legally binding enforceable undertaking dated 12 July 2024 that includes a $125,000 community-project contribution and water-management/rehabilitation presentations. EPA reporting estimates 192.4 kL overflowed and says an unknown amount reached Spring Creek. Upper Deua Catchment Landcare’s June/July 2025 follow-up describes restoration funded by Aurelia under the undertaking; monitoring recorded about 133 plants killed by unusual frost and the group was considering replanting/protection options. The evidence establishes a site-level environmental incident and company-level regulatory response during Wyllie’s Dargues GM period, not his personal conduct or culpability.

Role overlaps event; causation unproven · Wyllie’s issuer biography places him as Dargues GM from June 2021 to June 2024, overlapping the events. The regulator names Big Island Mining, not Wyllie, as the undertaking party; no reviewed record attributes the valve failures or notification delay to him personally.

Our Team · Angus Wyllie leadership biography; GM Dargues June 2021–June 2024
NSW Environment Protection Authority Annual Report 2024–25, Appendix C: Enforceable undertakings · Appendix C enforceable undertakings table; incident and undertaking details
Monitoring of restoration works at Lot 1 DP 1222637, Araluen, NSW · June 2025 restoration report; July 2025 interim monitoring, frost loss and next steps
Evidence gaps · 5
  • The Dargues offset follow-up is not fully resolved: March 2024 CCC minutes say a BSA was lodged and the site secured, while Aurelia’s FY24 annual report says negotiations were still progressing. The reviewed sources do not establish BSA registration/approval or credit issuance/retirement by cutoff.
  • The wastewater undertaking is against Big Island Mining Pty Ltd, not Wyllie personally. Landcare documented remediation planting and monitoring, but its June/July 2025 status report leaves replanting/protection work under consideration; completion was not established.
  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.
  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.
  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Full background report

Angus Wyllie

General Manager, Cobar Region

Career chronology

  • Current at 10 October 2026: Aurelia Metals Limited — General Manager, Cobar Region. Our Team (Our leadership team biography)

  • June 2021 to current; role change June 2024: Aurelia Metals Limited — General Manager, Dargues; moved to General Manager, Cobar Region. Angus Wyllie Executive Profile (management biography / career chronology)

  • Earlier career; about 22 years of experience reported by 2026: Prior mine-site employers (not identified in opened profile) — Mining engineering and operations experience in Australia and Canada; employer chronology not disclosed. Angus Wyllie Executive Profile (management biography / career chronology)

Environmental record

Dargues biodiversity-offset delay and qualified follow-up

August 2022 request; follow-up records through FY2024 · issuer reported · medium materiality

An August 2022 letter to NSW Planning, signed by then Dargues GM Angus Wyllie, requested six additional months to secure a biodiversity offset after the original end-August deadline could not be met. It cited uncertainty over the relevant plant community type, market availability, unsuitable properties and landholders declining to proceed. The 51st Dargues CCC minutes (meeting 27 March 2024) later say a BSA had been lodged with the DPE Biodiversity Credit Supply Taskforce and that the offset site was secured, with credits still subject to taskforce determination. Aurelia’s FY24 annual report subsequently says negotiations with NSW and a third-party landholder had progressed to establish Dargues offsite and onsite offsets. These records establish progress and a lodged agreement, but leave a status conflict and do not establish final BSA approval/registration or credit issuance/retirement by cutoff. The 2022 request is a compliance-timing issue; neither source establishes personal wrongdoing by Wyllie.

Attribution: Role overlaps event; causation unproven. Wyllie signed the company request as GM; evidence supports role overlap and a reported compliance issue, not a finding of personal wrongdoing.

Relevance: Relevant to the executive’s documented function and the company’s operating and development profile; the degree of personal contribution is limited to the evidence stated.

Dargues Gold Mine Biodiversity Offset Extension Request (extension request dated 23 August 2022, signed by Angus Wyllie); Minutes of Dargues Gold Mine Community Consultative Committee, 51st meeting (meeting minutes p.8, biodiversity offset item); Aurelia Metals Annual Report 2024 (Land and Biodiversity / Water Management, p.59)

Dargues wastewater overflows and EPA undertaking during GM tenure

13–19 July 2023 incidents; enforceable undertaking 12 July 2024; restoration monitoring June–July 2025 · documented · medium materiality

Two wastewater holding-tank overflows occurred at Dargues on 13 July and 18–19 July 2023 while Wyllie was General Manager of Dargues. The NSW EPA says the first overflow reached the mine sediment dam; in the second, more than 190,000 litres escaped and some entered Spring Creek. The EPA issued a clean-up notice and required operational changes; Big Island Mining Pty Ltd, Aurelia’s wholly owned subsidiary, entered a legally binding enforceable undertaking dated 12 July 2024 that includes a $125,000 community-project contribution and water-management/rehabilitation presentations. EPA reporting estimates 192.4 kL overflowed and says an unknown amount reached Spring Creek. Upper Deua Catchment Landcare’s June/July 2025 follow-up describes restoration funded by Aurelia under the undertaking; monitoring recorded about 133 plants killed by unusual frost and the group was considering replanting/protection options. The evidence establishes a site-level environmental incident and company-level regulatory response during Wyllie’s Dargues GM period, not his personal conduct or culpability.

Attribution: Role overlaps event; causation unproven. Wyllie’s issuer biography places him as Dargues GM from June 2021 to June 2024, overlapping the events. The regulator names Big Island Mining, not Wyllie, as the undertaking party; no reviewed record attributes the valve failures or notification delay to him personally.

Relevance: Material to environmental controls and incident response in a senior mine-operations role; later remediation was underway but its completion is not established by the reviewed follow-up.

Our Team (Angus Wyllie leadership biography; GM Dargues June 2021–June 2024); Big Island Mining to pay $125,000 after wastewater overflows (NSW EPA release, 24 July 2024); NSW Environment Protection Authority Annual Report 2024–25, Appendix C: Enforceable undertakings (Appendix C enforceable undertakings table; incident and undertaking details); Monitoring of restoration works at Lot 1 DP 1222637, Araluen, NSW (June 2025 restoration report; July 2025 interim monitoring, frost loss and next steps)

Suitability for the current role

Documented role scope and role fit

Current role at cutoff · analyst inference · low materiality

Angus Wyllie joined Aurelia as GM Dargues in June 2021 and moved to GM Cobar Region in June 2024. Aurelia and Equilar report about 22 years of mine-site experience in Australia and Canada, mining-engineering education, an MBA and statutory manager competency. As Dargues GM, Wyllie signed an August 2022 request for more time to secure a biodiversity offset. Later CCC minutes report a BSA lodged and site secured, while the FY24 annual report describes negotiations still progressing; final approval/credit issuance remains unverified. The role fit reflects relevant site operations experience with a documented company compliance-timing issue, not personal wrongdoing.

Attribution: Responsibility not applicable. This is a limited role-scope inference from the issuer-documented position; it is not an outcome or personal-performance claim.

Relevance: The role is pertinent to oversight or execution of the company’s disclosed business; evidence on individual effectiveness is limited.

Angus Wyllie Executive Profile (career, experience and qualifications); Dargues Gold Mine Biodiversity Offset Extension Request (Dargues biodiversity offset extension request, signed by Angus Wyllie)

Evidence gaps

  • The Dargues offset follow-up is not fully resolved: March 2024 CCC minutes say a BSA was lodged and the site secured, while Aurelia’s FY24 annual report says negotiations were still progressing. The reviewed sources do not establish BSA registration/approval or credit issuance/retirement by cutoff.

  • The wastewater undertaking is against Big Island Mining Pty Ltd, not Wyllie personally. Landcare documented remediation planting and monitoring, but its June/July 2025 status report leaves replanting/protection work under consideration; completion was not established.

  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.

  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.

  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Steve Badenhorst

Managing Director and Chief Executive Officer

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 5
  • The public profile lists University of the Witwatersrand attendance in 1987–1990 but no degree title; this self-reported education detail and prior-employer chronology have not been independently verified.
  • Badenhorst had only four days in the Aurelia CEO role by the 10 October 2026 cutoff; the opened sources do not disclose a degree or professional credential, detailed prior-employer dates, or independently corroborated prior-employer outcomes.
  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.
  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.
  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Full background report

Steve Badenhorst

Managing Director and Chief Executive Officer

Career chronology

Education and qualifications

Public profile lists university attendance; degree not specified

Education listed for 1987–1990 · self reported · low materiality

A public professional profile associated with Rio Tinto lists the University of the Witwatersrand for 1987–1990 but does not state a degree or qualification. The employer and chronology are consistent with Aurelia’s description of Badenhorst as a recent Rio Tinto executive, but the profile is self-reported and the education detail was not independently verified.

Attribution: Responsibility not applicable. Education entry; no performance responsibility applies.

Relevance: Education is relevant to the CEO’s technical and operating background, but the listed institution alone does not establish a qualification.

Steve Badenhorst — Rio Tinto profile (Education section; University of the Witwatersrand, 1987–1990)

Suitability for the current role

New CEO role fit remains early to assess

Appointment commenced 6 October 2026 · analyst inference · low materiality

Steve Badenhorst commenced as MD/CEO on 6 October 2026, four days before cutoff. An opened trade-press profile reports 35+ years of operating leadership across mining, processing and industrial businesses, including Rio Tinto asset management and aluminium COO roles and Glencore Kidd operations, with earlier roles at Anglo American, De Beers, BHP and Vale. A public profile associated with Rio Tinto lists the University of the Witwatersrand in 1987–1990 but no degree title. The four-day Aurelia tenure provides no basis to assess company delivery.

Attribution: Responsibility not applicable. Appointment and stated prior experience are issuer-reported; this finding makes no claim about results.

Relevance: Relevant to a current leadership transition in an operating Cobar Basin miner.

Aurelia Metals appoints former Rio Tinto executive Steve Badenhorst as CEO (lines 107–123); Aurelia Metals Limited Annual Report FY2026 (events after balance date; commencement 6 October 2026); Steve Badenhorst — Rio Tinto profile (education section; University of the Witwatersrand 1987–1990; no qualification named)

Evidence gaps

  • The public profile lists University of the Witwatersrand attendance in 1987–1990 but no degree title; this self-reported education detail and prior-employer chronology have not been independently verified.

  • Badenhorst had only four days in the Aurelia CEO role by the 10 October 2026 cutoff; the opened sources do not disclose a degree or professional credential, detailed prior-employer dates, or independently corroborated prior-employer outcomes.

  • Prior employer titles, tenure dates and performance outcomes remain incomplete where no dates were provided in the opened biographies; no personal causal attribution is inferred from company results.

  • Credential and education claims are reported by issuer or secondary biography and were not independently checked with issuing institutions or professional bodies.

  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks; a no-relevant-finding result is not a clearance.

Jessie Hommelhoff

General Manager – People and Culture

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 4
  • The issuer biography does not provide exact dates for BHP, Accenture or Monstarlab, and no external employer record was reviewed to confirm them.
  • No independently quantified people, culture or transformation outcomes attributable to Hommelhoff were found in the reviewed public sources.
  • The Senior Executive MBA is reported by the issuer and was not verified with Melbourne Business School.
  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks.

Full background report

Jessie Hommelhoff

General Manager – People and Culture

Career chronology

  • April 2025 to cutoff; month only: Aurelia Metals Limited — General Manager – People and Culture. Our Team (Our leadership team biography; joined April 2025); Aurelia Metals Investor Day Presentation (agenda p.5, 19 June 2025)

  • Most recent role before Aurelia; dates not stated in issuer biography: Monstarlab — Chief People Officer. Our Team (Our leadership team biography)

  • Before Monstarlab; dates not disclosed: Accenture — Senior role; title and dates not stated in issuer biography. Our Team (Our leadership team biography)

  • Earlier career; issuer reports 15 years, exact dates not stated: BHP — Senior human-resources roles over 15 years, including Head of Global Transformation. Our Team (Our leadership team biography)

Suitability for the current role

People and culture remit supported by senior transformation experience

Current role from April 2025; experience history as reported by issuer · analyst inference · low materiality

Jessie Hommelhoff joined Aurelia as General Manager – People and Culture in April 2025. Aurelia says she has more than 20 years’ HR experience, including 15 years at BHP and Head of Global Transformation, a senior role at Accenture, and Chief People Officer at Monstarlab. Her current remit includes organisational development, leadership capability, DEI and workforce transformation; the issuer reports a Senior Executive MBA from Melbourne Business School. The dated 19 June 2025 investor-day agenda confirms her title. These issuer descriptions support role fit for a people-and-culture remit, but prior dates and outcomes are not independently corroborated.

Attribution: Responsibility not applicable. This is an inference about functional fit from issuer-reported duties, qualifications and prior roles; it is not a performance finding.

Relevance: People strategy, transformation and leadership capability are directly within the stated executive remit.

Our Team (Jessie Hommelhoff leadership biography); Aurelia Metals Investor Day Presentation (agenda p.5, 19 June 2025)

Evidence gaps

  • The issuer biography does not provide exact dates for BHP, Accenture or Monstarlab, and no external employer record was reviewed to confirm them.

  • No independently quantified people, culture or transformation outcomes attributable to Hommelhoff were found in the reviewed public sources.

  • The Senior Executive MBA is reported by the issuer and was not verified with Melbourne Business School.

  • Person-specific open-web searches are not exhaustive court, regulator, sanctions, safety, environmental or credential checks.