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2026-11-06
◂ Monitor AZ9 ASX

Azzuro Resources PLC

Discovery Drill Stage · Copper · Nickel · Gold · Mongolia Rating locked: sign in to view v8 · az9-20261009t164922-first-fill
Last 2026-11-06
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People, delivery and responsibility

Management background checks

Evidence through 2026-10-31

Research assessment

Executive team

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

The team combines Mongolian exploration and finance experience with contracted technical advice. Oval and Red Hill have conceptual exploration targets, not declared mineral resources; the separate Khukh Tag graphite project has a reported mineral resource. Azzuro remains an explorer without a producing mine. Earlier employer tax disputes and company losses are oversight context, not evidence of personal wrongdoing. Public career evidence is sparse for some locally listed managers.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Gan-Ochir Zunduisuren

Managing Director

Current
Full background report for Gan-Ochir Zunduisuren
Company SuccessIssuer Reported · High materiality

Oval Cu-Ni-PGE discovery and follow-up drilling

During his Managing Director tenure, Azzuro/Asian Battery Metals advanced Oval from early exploration into a drilled massive-sulphide discovery. Its 2025 report records Phase 2 and Phase 3 drilling and project extensions; the 2026 interim report records the 2025 program and 880m strike extent. This is an exploration milestone, not a resource, reserve, economic study or delivered mine.

Role overlaps event; causation unproven · He was Managing Director during the campaigns; public filings describe company outcomes but do not isolate his personal contribution to technical decisions.

Annual Report 2025 · pp. 3–5, Review of Operations; Oval and Yambat drilling
Interim Financial Report, six months ended 30 June 2026 · p. 4, Review of Operations; 2025 Oval drilling results
Company SuccessIssuer Reported · Medium materiality

Red Hill project acquisition and initial drilling

The group completed its Red Hill Cu-Au VMS project acquisition in April 2026 and reported 15 holes / 1,883.9m drilled during the half-year, defining a high-grade sulphide zone and a separate gold corridor. These are exploration results and potential, not an established resource or commercial project. The September-quarter report separately states Phase 1 comprised 14 holes totalling 5,835m; the difference from the half-year 15-hole / 1,883.9m figure has not been reconciled and may reflect differing scopes.

Role overlaps event; causation unproven · His current Managing Director role overlaps the acquisition and program; filings do not establish individual causation.

Interim Financial Report, six months ended 30 June 2026 · p. 4, Review of Operations: acquisition, drilling and interpretation results
September 2026 quarterly activities and cash flow report · p. 1, Phase 1 drilling program highlights
Personal SuccessIssuer Reported · Medium materiality

Early Mongolian mining and Ovoot discovery experience

Aspire Mining’s 2013 annual report states that Zunduisuren co-founded Altai Gold and was part of the syndicate that discovered the Ovoot Coking Coal Project. The report also documents mining engineering education and underground mining experience in Mongolia and Canada. Discovery participation is documented by the former employer; individual technical contribution is not specified.

Individual involvement documented · The profile explicitly connects him to the syndicate; it does not describe his individual discovery work.

Aspire Mining Annual Report 2013 · p. 5, directors’ report profile for Mr Gan-Ochir Zunduisuren
Role FitAnalyst Inference · Medium materiality

Oyu Tolgoi board service during underground project transition

Oyu Tolgoi’s 2022 Year in Review lists Zunduisuren as a board member from November 2020 to October 2022. The board approved commencement of the underground undercut in January 2022 during his service. The record establishes board service and board-level context, not his individual vote or causal contribution.

Role overlaps event; causation unproven · The company report identifies him as a board member; the Turquoise Hill filing documents unanimous board approval but does not name individual votes.

Oyu Tolgoi Year in Review 2022 · p. 51, List of Board of Directors; former member dates
Turquoise Hill Resources 2021 Annual Report · MD&A pp. 20, 33; Jan. 2022 undercut approval and negotiated reset
FailureIssuer Reported · Medium materiality

Explorer losses and absence of operating cash flow

The issuer reported a 2025 group net loss of A$2.397m and an operating cash outflow of A$2.2m, with no material revenue stream; the interim report recorded a A$1.055m half-year loss. This is normal but financially material early-stage explorer performance, not evidence of misconduct or a failed producing operation. At 30 September 2026 the issuer held A$1.615 million cash; the following month it issued CDIs for a A$3.06 million placement before costs. Quarter-end cash excludes that subsequent placement.

Role overlaps event; causation unproven · The results occurred during his current executive tenure, but exploration-stage losses do not by themselves demonstrate poor individual capital allocation.

Annual Report 2025 · p. 10, operating results and five-year performance; note on exploration-stage revenue
September 2026 quarterly activities and cash flow report · pp. 12 and 15–18: post-quarter placement and quarterly cash flow
Role FitAnalyst Inference · Medium materiality

Role fit for Mongolian exploration leadership

The combination of mining education, Mongolian/Canadian underground work, exploration/finance background, prior board experience and current leadership at a Mongolian explorer is relevant to Azzuro’s exploration-stage work. This is an analyst inference; published evidence does not quantify project economics, attributable discovery impact or a delivered mine.

Responsibility not applicable · Inference based on cited qualifications, company tenure, discovery activity and prior board service.

Annual Report 2025 · p. 9, director profile
Aspire Mining Annual Report 2013 · p. 5, director profile
Evidence gaps · 7
  • Older Aspire Mining appointment dates and the exact start/end of several Mongolian private-sector roles were not established from primary sources.
  • No public evidence reviewed independently verifies education credentials or AusIMM membership.
  • No personal contribution to the existing Khukh Tag graphite resource estimate, a delivered operating mine, a project economic study or a specific capital-allocation outcome has been established.
  • The Oyu Tolgoi tax and environmental review scope does not establish a personal adverse finding; external regulator and community records were not comprehensively accessible.
  • The former Canadian mine, earlier role titles, and separately claimed 2016–2018 Aspire board dates were not independently established from the cited historic source.
  • The June 2026 interim report’s Red Hill drilling count and metres do not reconcile directly to the September-quarter phase 1 totals; differences in program scope are not established.
  • The outcome of the Oyu Tolgoi tax arbitration after the company’s March 2026 statement is not independently verified.

Full background report

Gan-Ochir Zunduisuren

Managing Director

Career chronology

  • Early career; exact dates not reported: Mining operations in Mongolia and Canada — Underground mining engineer, according to Aspire Mining. Aspire Mining Annual Report 2013 (printed p. 5, Gan-Ochir Zunduisuren profile)

  • By 2013; current duration unknown: Altai Gold LLC — Executive director and co-founder. Aspire Mining Annual Report 2013 (p. 5, Mr Zunduisuren profile)

  • To 20 September 2012; earlier start unverified: Aspire Mining Ltd — Non-executive director. Aspire Mining Annual Report 2013 (p. 5, resignation and profile)

  • November 2020–October 2022: Oyu Tolgoi LLC — Board member. Oyu Tolgoi Year in Review 2022 (p. 51, former board member service dates)

  • Appointed 18 June 2024; current at cutoff: Azzuro Resources PLC (formerly Asian Battery Metals PLC) — Managing Director. Annual Report 2025 (p. 9, director profile; company name at report date); Azzuro Resources PLC officers (officers listing confirms corporate entity and director-era filing context)

Education and qualifications

Mining education and finance postgraduate study

Undated / reported as at 2025 · issuer reported · medium materiality

The 2025 annual report records mining education at Haileybury School of Mines in Canada and the Mongolian University of Science and Technology, an MSc in Finance (NYU–HKUST), and AusIMM membership. Degrees and membership are issuer-reported; independent credential verification was not available in the reviewed sources.

Attribution: Individual involvement documented. The issuer’s annual report identifies these qualifications and membership.

Relevance: Relevant technical and finance preparation for leading an early-stage Mongolian explorer.

Annual Report 2025 (p. 9, “Information on Directors: Gan-Ochir Zunduisuren”; education and qualifications)

Personal achievements

Early Mongolian mining and Ovoot discovery experience

By September 2013 · issuer reported · medium materiality

Aspire Mining’s 2013 annual report states that Zunduisuren co-founded Altai Gold and was part of the syndicate that discovered the Ovoot Coking Coal Project. The report also documents mining engineering education and underground mining experience in Mongolia and Canada. Discovery participation is documented by the former employer; individual technical contribution is not specified.

Attribution: Individual involvement documented. The profile explicitly connects him to the syndicate; it does not describe his individual discovery work.

Relevance: Supports experience in Mongolian mineral exploration and project formation.

Aspire Mining Annual Report 2013 (p. 5, directors’ report profile for Mr Gan-Ochir Zunduisuren)

Contributions and company outcomes

Oval Cu-Ni-PGE discovery and follow-up drilling

2024–2026 · issuer reported · high materiality

During his Managing Director tenure, Azzuro/Asian Battery Metals advanced Oval from early exploration into a drilled massive-sulphide discovery. Its 2025 report records Phase 2 and Phase 3 drilling and project extensions; the 2026 interim report records the 2025 program and 880m strike extent. This is an exploration milestone, not a resource, reserve, economic study or delivered mine.

Attribution: Role overlaps event; causation unproven. He was Managing Director during the campaigns; public filings describe company outcomes but do not isolate his personal contribution to technical decisions.

Relevance: Directly relevant evidence of discovery-stage exploration execution.

Annual Report 2025 (pp. 3–5, Review of Operations; Oval and Yambat drilling); Interim Financial Report, six months ended 30 June 2026 (p. 4, Review of Operations; 2025 Oval drilling results)

Red Hill project acquisition and initial drilling

April–June 2026 · issuer reported · medium materiality

The group completed its Red Hill Cu-Au VMS project acquisition in April 2026 and reported 15 holes / 1,883.9m drilled during the half-year, defining a high-grade sulphide zone and a separate gold corridor. These are exploration results and potential, not an established resource or commercial project. The September-quarter report separately states Phase 1 comprised 14 holes totalling 5,835m; the difference from the half-year 15-hole / 1,883.9m figure has not been reconciled and may reflect differing scopes.

Attribution: Role overlaps event; causation unproven. His current Managing Director role overlaps the acquisition and program; filings do not establish individual causation.

Relevance: Relevant to asset screening, acquisition integration and exploration execution.

Interim Financial Report, six months ended 30 June 2026 (p. 4, Review of Operations: acquisition, drilling and interpretation results); September 2026 quarterly activities and cash flow report (p. 1, Phase 1 drilling program highlights)

Business failures and setbacks

Explorer losses and absence of operating cash flow

FY2025 and H1 2026 · issuer reported · medium materiality

The issuer reported a 2025 group net loss of A$2.397m and an operating cash outflow of A$2.2m, with no material revenue stream; the interim report recorded a A$1.055m half-year loss. This is normal but financially material early-stage explorer performance, not evidence of misconduct or a failed producing operation. At 30 September 2026 the issuer held A$1.615 million cash; the following month it issued CDIs for a A$3.06 million placement before costs. Quarter-end cash excludes that subsequent placement.

Attribution: Role overlaps event; causation unproven. The results occurred during his current executive tenure, but exploration-stage losses do not by themselves demonstrate poor individual capital allocation.

Relevance: Relevant to financing and disciplined allocation at a pre-revenue company.

Annual Report 2025 (p. 10, operating results and five-year performance; note on exploration-stage revenue); Interim Financial Report, six months ended 30 June 2026 (p. 4, half-year result); September 2026 quarterly activities and cash flow report (pp. 12 and 15–18: post-quarter placement and quarterly cash flow)

Litigation and enforcement

Oyu Tolgoi tax disputes remained unresolved during board tenure

2020–2026; relevant board overlap 2020–2022 · disputed · low materiality

During Zunduisuren’s 2020–2022 Oyu Tolgoi board service, Oyu Tolgoi and the Mongolian Government were involved in tax arbitration. A 2021 government counterclaim raised allegations concerning historical improper payments and sought to add Turquoise Hill, which was not then a party. Turquoise Hill denied allegations relating to it, and the tribunal declined to add it. Oyu Tolgoi said in March 2026 that the earlier arbitration continued and a separate 2021–2022 assessment had been disputed and paid under protest. The later final status is not independently verified. No reviewed source links Zunduisuren personally to the allegations or establishes personal responsibility.

Attribution: Role overlaps event; causation unproven. Board service overlaps corporate tax/governance controversy; allegations concerned historical payments and no personal responsibility is established.

Relevance: A governance context for prior board oversight; not a personal adverse finding.

Turquoise Hill Resources 2021 Annual Report (MD&A printed pp. 21–22 and financial-statement note 23: 2021 counterclaim, Turquoise Hill denial and tribunal ruling); Oyu Tolgoi LLC Statement on the Tax Act (12 March 2026 statement: 2021–2022 tax assessment, payment, complaint and earlier arbitration)

Suitability for the current role

Oyu Tolgoi board service during underground project transition

November 2020–October 2022 · analyst inference · medium materiality

Oyu Tolgoi’s 2022 Year in Review lists Zunduisuren as a board member from November 2020 to October 2022. The board approved commencement of the underground undercut in January 2022 during his service. The record establishes board service and board-level context, not his individual vote or causal contribution.

Attribution: Role overlaps event; causation unproven. The company report identifies him as a board member; the Turquoise Hill filing documents unanimous board approval but does not name individual votes.

Relevance: Relevant oversight experience with a large mine development and stakeholder setting.

Oyu Tolgoi Year in Review 2022 (p. 51, List of Board of Directors; former member dates); Turquoise Hill Resources 2021 Annual Report (MD&A pp. 20, 33; Jan. 2022 undercut approval and negotiated reset)

Role fit for Mongolian exploration leadership

Assessment at 9 October 2026 · analyst inference · medium materiality

The combination of mining education, Mongolian/Canadian underground work, exploration/finance background, prior board experience and current leadership at a Mongolian explorer is relevant to Azzuro’s exploration-stage work. This is an analyst inference; published evidence does not quantify project economics, attributable discovery impact or a delivered mine.

Attribution: Responsibility not applicable. Inference based on cited qualifications, company tenure, discovery activity and prior board service.

Relevance: Positive fit for exploration and country execution; mine development/production delivery is not yet demonstrated in this company.

Annual Report 2025 (p. 9, director profile); Aspire Mining Annual Report 2013 (p. 5, director profile); Interim Financial Report, six months ended 30 June 2026 (p. 4, Review of Operations)

Evidence gaps

  • Older Aspire Mining appointment dates and the exact start/end of several Mongolian private-sector roles were not established from primary sources.

  • No public evidence reviewed independently verifies education credentials or AusIMM membership.

  • No personal contribution to the existing Khukh Tag graphite resource estimate, a delivered operating mine, a project economic study or a specific capital-allocation outcome has been established.

  • The Oyu Tolgoi tax and environmental review scope does not establish a personal adverse finding; external regulator and community records were not comprehensively accessible.

  • The former Canadian mine, earlier role titles, and separately claimed 2016–2018 Aspire board dates were not independently established from the cited historic source.

  • The June 2026 interim report’s Red Hill drilling count and metres do not reconcile directly to the September-quarter phase 1 totals; differences in program scope are not established.

  • The outcome of the Oyu Tolgoi tax arbitration after the company’s March 2026 statement is not independently verified.

Phil Rundell

Chief Financial Officer and Company Secretary

Current
Full background report for Phil Rundell
EducationIssuer Reported · Medium materiality

Accounting qualifications and professional status

The Azzuro 2024 annual report lists a Diploma of Business Studies (Accounting) and Chartered Accountant status. The listed credentials are issuer-reported and have not been independently checked against a credential register.

Individual involvement documented · Issuer profile explicitly identifies the qualifications; independent credential status was not confirmed.

Annual Report 2024 · printed p. 9, Phil Rundell Company Secretary profile
Personal SuccessIssuer Reported · Medium materiality

Finance, company-secretarial and restructuring experience

The Azzuro 2024 and Peak 2025 annual reports list prior partnership at Coopers & Lybrand, a director role at Ferrier Hodgson, and listed-company finance and secretarial roles. Aspire confirms resignation as its company secretary effective 6 December 2022; Peak confirms his CFO/company secretary appointment on 16 December 2020 and lists him in its September 2025 annual report. These are career credentials, not proof of individual employer outcomes.

Individual involvement documented · Issuer records and approved profile document the roles; no individual success contribution is claimed.

Annual Report 2024 · printed p. 9, Phil Rundell profile
Quarterly Activities Report, December 2022 · p. 7, Board and Management
Annual Financial Report, year ended 30 June 2025 · p. 4, Company Secretary and CFO profile
Company SuccessDocumented · Medium materiality

ASX secretarial duties documented across listed-company tenure

Issuer announcements and filings identify Rundell authorising or signing company-secretarial disclosures, including AZ9 AGM poll results. These establish function and continuity, not proof that all compliance outcomes were successful.

Individual involvement documented · Company Secretary identified as authorising the 2025 ASX filing; issuer annual and interim reports list his ongoing role.

Results of Annual General Meeting, 27 June 2025 · p. 1, issuer release authorised by Phil Rundell
Annual Report 2025 · p. 8, Company Secretary appointment and change
Azzuro Resources PLC officers · active Secretary appointment
Role FitAnalyst Inference · Medium materiality

Role fit for finance and company-secretarial responsibilities

Accounting training, CA status, prior CFO and company-secretary roles, and restructuring experience are relevant to AZ9’s finance and governance remit. This inference is bounded by the absence of public evidence quantifying his work product or independent credential verification.

Responsibility not applicable · Analyst inference from reported credentials and employment history; no claim of individual employer performance.

Azzuro Resources Management Team · Management Team, Phil Rundell biography
Annual Report 2025 · p. 8, Company Secretary appointment
About Azzuro Resources · Management & Technical Team, Phil Rundell listed as CFO / Company Secretary
Annual Report 2024 · printed p. 9, Phil Rundell profile
Evidence gaps · 5
  • Earlier role dates at Coopers & Lybrand/PwC and Ferrier Hodgson were not found.
  • The public record reviewed does not provide an exact departure date from Peak Rare Earths; the company-approved profile states through 2025.
  • No independent check of CA membership or academic credentials was available.
  • A prior draft claimed specific ASIC 2004 liquidation appointments without citing the notices; those specifics are withheld because the primary notices were not verified.
  • A prior draft attributed a B.Com to the subject on insufficient cited support; the degree is withheld pending an identity-matched primary source.

Full background report

Phil Rundell

Chief Financial Officer and Company Secretary

Career chronology

Education and qualifications

Accounting qualifications and professional status

Undated qualifications; reported by 2025–2026 · issuer reported · medium materiality

The Azzuro 2024 annual report lists a Diploma of Business Studies (Accounting) and Chartered Accountant status. The listed credentials are issuer-reported and have not been independently checked against a credential register.

Attribution: Individual involvement documented. Issuer profile explicitly identifies the qualifications; independent credential status was not confirmed.

Relevance: Relevant to finance leadership and company-secretarial compliance.

Annual Report 2024 (printed p. 9, Phil Rundell Company Secretary profile)

Personal achievements

Finance, company-secretarial and restructuring experience

Earlier career through 2025 · issuer reported · medium materiality

The Azzuro 2024 and Peak 2025 annual reports list prior partnership at Coopers & Lybrand, a director role at Ferrier Hodgson, and listed-company finance and secretarial roles. Aspire confirms resignation as its company secretary effective 6 December 2022; Peak confirms his CFO/company secretary appointment on 16 December 2020 and lists him in its September 2025 annual report. These are career credentials, not proof of individual employer outcomes.

Attribution: Individual involvement documented. Issuer records and approved profile document the roles; no individual success contribution is claimed.

Relevance: Relevant to CFO and company-secretarial duties at Azzuro.

Annual Report 2024 (printed p. 9, Phil Rundell profile); Quarterly Activities Report, December 2022 (p. 7, Board and Management); Annual Financial Report, year ended 30 June 2025 (p. 4, Company Secretary and CFO profile)

Contributions and company outcomes

ASX secretarial duties documented across listed-company tenure

2020–2026 · documented · medium materiality

Issuer announcements and filings identify Rundell authorising or signing company-secretarial disclosures, including AZ9 AGM poll results. These establish function and continuity, not proof that all compliance outcomes were successful.

Attribution: Individual involvement documented. Company Secretary identified as authorising the 2025 ASX filing; issuer annual and interim reports list his ongoing role.

Relevance: Supports role fit for the current company-secretary function.

Results of Annual General Meeting, 27 June 2025 (p. 1, issuer release authorised by Phil Rundell); Annual Report 2025 (p. 8, Company Secretary appointment and change); Interim Financial Report, six months ended 30 June 2026 (p. 2, Company Information); Azzuro Resources PLC officers (active Secretary appointment)

Suitability for the current role

Reported restructuring experience

Reported March 2025 · analyst inference · low materiality

The 2024 Azzuro annual report describes Rundell as a sole-practitioner chartered accountant providing reconstruction and company-secretarial services. This describes experience and does not establish the outcome of any specific appointment.

Attribution: Responsibility not applicable. The issuer describes the professional practice; relevance to this role is an inference and no claim is made about a specific appointment or any personal adverse finding.

Relevance: Provides context for claimed reconstruction experience; not an adverse personal record.

Annual Report 2024 (printed p. 9, Phil Rundell profile)

Role fit for finance and company-secretarial responsibilities

Assessment at 9 October 2026 · analyst inference · medium materiality

Accounting training, CA status, prior CFO and company-secretary roles, and restructuring experience are relevant to AZ9’s finance and governance remit. This inference is bounded by the absence of public evidence quantifying his work product or independent credential verification.

Attribution: Responsibility not applicable. Analyst inference from reported credentials and employment history; no claim of individual employer performance.

Relevance: Relevant fit for listed explorer finance and secretarial work.

Azzuro Resources Management Team (Management Team, Phil Rundell biography); Annual Report 2025 (p. 8, Company Secretary appointment); About Azzuro Resources (Management & Technical Team, Phil Rundell listed as CFO / Company Secretary); Annual Report 2024 (printed p. 9, Phil Rundell profile)

Evidence gaps

  • Earlier role dates at Coopers & Lybrand/PwC and Ferrier Hodgson were not found.

  • The public record reviewed does not provide an exact departure date from Peak Rare Earths; the company-approved profile states through 2025.

  • No independent check of CA membership or academic credentials was available.

  • A prior draft claimed specific ASIC 2004 liquidation appointments without citing the notices; those specifics are withheld because the primary notices were not verified.

  • A prior draft attributed a B.Com to the subject on insufficient cited support; the degree is withheld pending an identity-matched primary source.

Bob Dennis

Technical Advisor

Current
Full background report for Bob Dennis
EducationIssuer Reported · Medium materiality

Geological training and professional status

The issuer’s 2024 appointment notice reports a first-class geology honours degree from the University of Queensland and AIG membership; no independent credential-register check was obtained.

Individual involvement documented · The issuer identifies the qualifications and member status.

Commencement of phase 1 drilling program at Oval · pp. 2–3: appointment and qualifications
Personal SuccessDocumented · High materiality

Independent graphite resource and later technical consultancy

RPMGlobal’s 2024 geologist report states that Dennis supervised the Khukh Tag graphite mineral resource estimate prepared by RPM geologists. The issuer later appointed him as a technical consultant; its October 2026 quarterly identifies him as estimator of the conceptual Red Hill exploration target. A graphite resource is distinct from a copper exploration target; neither is proof of a producing mine.

Individual involvement documented · The independent geologist report and issuer filing identify his work and specify the RPM team; the later target is conceptual.

Independent Geologist Report, Doriemus Battery Minerals Project · Independent Geologist Report pp. 6–7: responsibilities and competent person statement
Evidence gaps · 3
  • Appointment date and continuing status before the undated issuer-page snapshot are not established.
  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.
  • The exact current consultancy scope, working arrangements and independent AIG status are not established.

Full background report

Bob Dennis

Technical Advisor

Career chronology

  • Listed on issuer page accessed 31 October 2026; start date not verified: Azzuro Resources PLC — Technical Advisor. About Azzuro Resources (Management & Technical Team: Bob Dennis)

Education and qualifications

Geological training and professional status

Reported July 2024 · issuer reported · medium materiality

The issuer’s 2024 appointment notice reports a first-class geology honours degree from the University of Queensland and AIG membership; no independent credential-register check was obtained.

Attribution: Individual involvement documented. The issuer identifies the qualifications and member status.

Relevance: Relevant to geological review and resource reporting.

Commencement of phase 1 drilling program at Oval (pp. 2–3: appointment and qualifications)

Personal achievements

Independent graphite resource and later technical consultancy

2024–2026 · documented · high materiality

RPMGlobal’s 2024 geologist report states that Dennis supervised the Khukh Tag graphite mineral resource estimate prepared by RPM geologists. The issuer later appointed him as a technical consultant; its October 2026 quarterly identifies him as estimator of the conceptual Red Hill exploration target. A graphite resource is distinct from a copper exploration target; neither is proof of a producing mine.

Attribution: Individual involvement documented. The independent geologist report and issuer filing identify his work and specify the RPM team; the later target is conceptual.

Relevance: Relevant to technical review of resource and exploration estimates.

Independent Geologist Report, Doriemus Battery Minerals Project (Independent Geologist Report pp. 6–7: responsibilities and competent person statement); September 2026 quarterly activities and cash flow report (p. 5: Red Hill exploration target)

Evidence gaps

  • Appointment date and continuing status before the undated issuer-page snapshot are not established.

  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.

  • The exact current consultancy scope, working arrangements and independent AIG status are not established.

Batkhurel Battulga

Exploration Superintendent

Current
Full background report for Batkhurel Battulga
Role FitAnalyst Inference · Medium materiality

Exploration superintendent role

Azzuro identifies Batkhurel Battulga as exploration superintendent. The role is relevant to an exploration-stage company, but the public record reviewed does not establish specific personal project contributions or dates.

Responsibility not applicable · The issuer lists the position; assessment of role relevance is analytical, not attribution of exploration success.

About Azzuro Resources · Management & Technical Team: Batkhurel Battulga
Evidence gaps · 3
  • Appointment date and continuing status before the undated issuer-page snapshot are not established.
  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.
  • Independent verification of previous employers, academic degrees and individual contributions was not available.

Full background report

Batkhurel Battulga

Exploration Superintendent

Career chronology

  • Listed on issuer page accessed 31 October 2026; start date not verified: Azzuro Resources PLC — Exploration Superintendent. About Azzuro Resources (Management & Technical Team: Batkhurel Battulga)

Suitability for the current role

Exploration superintendent role

Issuer page accessed 2026-10-31 · analyst inference · medium materiality

Azzuro identifies Batkhurel Battulga as exploration superintendent. The role is relevant to an exploration-stage company, but the public record reviewed does not establish specific personal project contributions or dates.

Attribution: Responsibility not applicable. The issuer lists the position; assessment of role relevance is analytical, not attribution of exploration success.

Relevance: Relevant to local exploration management.

About Azzuro Resources (Management & Technical Team: Batkhurel Battulga)

Evidence gaps

  • Appointment date and continuing status before the undated issuer-page snapshot are not established.

  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.

  • Independent verification of previous employers, academic degrees and individual contributions was not available.

Purevdorj Dorjsuren

Business Development Manager

Current
Full background report for Purevdorj Dorjsuren
Role FitAnalyst Inference · Medium materiality

Business development role

Azzuro lists Purevdorj Dorjsuren as business development manager. The position is relevant to opportunity sourcing; independently attributable transactions and past roles were not established in the sources reviewed.

Responsibility not applicable · Issuer identifies the position; the role-fit comment is an inference, not evidence of transaction responsibility.

About Azzuro Resources · Management & Technical Team: Purevdorj Dorjsuren
Evidence gaps · 3
  • Appointment date and continuing status before the undated issuer-page snapshot are not established.
  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.
  • Previous employment, qualifications and transaction responsibilities were not verified.

Full background report

Purevdorj Dorjsuren

Business Development Manager

Career chronology

  • Listed on issuer page accessed 31 October 2026; start date not verified: Azzuro Resources PLC — Business Development Manager. About Azzuro Resources (Management & Technical Team: Purevdorj Dorjsuren)

Suitability for the current role

Business development role

Issuer page accessed 2026-10-31 · analyst inference · medium materiality

Azzuro lists Purevdorj Dorjsuren as business development manager. The position is relevant to opportunity sourcing; independently attributable transactions and past roles were not established in the sources reviewed.

Attribution: Responsibility not applicable. Issuer identifies the position; the role-fit comment is an inference, not evidence of transaction responsibility.

Relevance: Relevant to commercial and partnership assessment.

About Azzuro Resources (Management & Technical Team: Purevdorj Dorjsuren)

Evidence gaps

  • Appointment date and continuing status before the undated issuer-page snapshot are not established.

  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.

  • Previous employment, qualifications and transaction responsibilities were not verified.

Solongo Batchuluun

Chief Accountant / IR coordinator

Current
Full background report for Solongo Batchuluun
Role FitAnalyst Inference · Medium materiality

Accounting and investor-relations role

Azzuro lists Solongo Batchuluun as chief accountant and investor-relations coordinator. Those responsibilities are relevant to reporting and investor communications, but independent work history and specific responsibilities remain unverified.

Responsibility not applicable · The source identifies the role; relevance is an analyst inference, not an assessment of the person’s individual work.

About Azzuro Resources · Management & Technical Team: Solongo Batchuluun
Evidence gaps · 3
  • Appointment date and continuing status before the undated issuer-page snapshot are not established.
  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.
  • Academic qualifications, professional membership, prior employment and extent of accounting authority were not independently verified.

Full background report

Solongo Batchuluun

Chief Accountant / IR coordinator

Career chronology

  • Listed on issuer page accessed 31 October 2026; start date not verified: Azzuro Resources PLC — Chief Accountant / IR coordinator. About Azzuro Resources (Management & Technical Team: Solongo Batchuluun)

Suitability for the current role

Accounting and investor-relations role

Issuer page accessed 2026-10-31 · analyst inference · medium materiality

Azzuro lists Solongo Batchuluun as chief accountant and investor-relations coordinator. Those responsibilities are relevant to reporting and investor communications, but independent work history and specific responsibilities remain unverified.

Attribution: Responsibility not applicable. The source identifies the role; relevance is an analyst inference, not an assessment of the person’s individual work.

Relevance: Relevant to financial reporting and investor communication.

About Azzuro Resources (Management & Technical Team: Solongo Batchuluun)

Evidence gaps

  • Appointment date and continuing status before the undated issuer-page snapshot are not established.

  • Prior-employer history, independent credentials and complete local-language court, regulator, safety and environmental records remain incomplete.

  • Academic qualifications, professional membership, prior employment and extent of accounting authority were not independently verified.