Beacon Minerals Limited

Career chronology

• Current at roster date 2026-09-26: Beacon Minerals Limited — Executive Chairman/Managing Director. Beacon Minerals Annual Report 2025 (Directors’ report, printed p. 11)

• Eight years; exact dates not disclosed in reviewed source: Amalg Resources NL — Managing Director. Beacon Minerals Annual Report 2025 (Directors’ report, printed p. 11)

• During eight-year Amalg Resources MD tenure; exact dates not disclosed: Amalg Resources NL / Eloise Copper Mine — Managing Director; issuer biography says responsible for development from early-stage project to underground producer. Beacon Minerals Annual Report 2025 (Directors’ report, printed p. 11)

Contributions and company outcomes

Prior issuer biography links McGarry to Eloise mine development

During an eight-year Amalg Resources MD tenure; exact dates not disclosed · issuer reported · low materiality

Beacon’s FY2025 annual-report biography says McGarry was Managing Director of Amalg Resources for eight years and responsible for developing the Eloise copper mine from an early-stage project to an underground producer with stated capacity of 500,000 tonnes per year. The source directly assigns development responsibility but does not quantify his individual contribution or provide the exact Amalg tenure dates.

Attribution: Individual involvement documented. The issuer biography expressly attributes responsibility for development to McGarry; it is not an independent assessment of sole contribution.

Relevance: Relevant evidence of project-development experience for a long-serving mining-company Managing Director.

Beacon Minerals Annual Report 2025 (Directors’ report, printed p. 11; Amalg Resources and Eloise biography)

Beacon sustained production at a commissioned gold operation

2012–Q2 FY2026; FY2026 preliminary results to 30 June 2026 · issuer reported · medium materiality

Beacon reports that Jaurdi was commissioned in 2019 and had produced 200,000 cumulative mill ounces by Q2 FY2026; Lost Dog produced more than 100,000 oz over 2017–2023. FY2025 output was 25,639 oz and FY2026 preliminary output 24,854 oz, down 3%; the preliminary FY2026 report also records higher realized price/revenue and A$45.48m total comprehensive profit versus a prior-year loss. These are issuer-reported company outcomes during McGarry’s long tenure, not personal attribution. The FY2026 Appendix 4E is unaudited, and the audited FY2026 annual report, listed 29 September 2026, was not retrievable for review.

Attribution: Role overlaps event; causation unproven. McGarry led the company during these outcomes, but the source set does not isolate his causal contribution; plant output, gold prices and portfolio transactions affect results.

Relevance: Relevant to the Managing Director’s operating and capital-allocation record, with attribution and audited-results limitations.

Jaurdi Gold Project (Project history: 2019 commissioning, Lost Dog production, cumulative mill output); Beacon Minerals Annual Report 2025 (printed p. 17, FY2025 production and results); Appendix 4E – Preliminary Final Report FY2026 (pp. 1 and 10, FY2026 preliminary results and unaudited disclaimer); Beacon Minerals 2026 ASX announcements listing (29 September 2026 listing for 2026 Annual Report, not full report content)

Litigation and enforcement

Historical Amalg contract/GST dispute records a negotiation role, not dishonesty

2003 · documented · low materiality

A secondary reproduction of Eroc Pty Ltd v Amalg Resources NL [2003] QSC 74 describes McGarry as Amalg’s Managing Director in a contract/GST dispute. It records that he gave a payment figure without adverting to the deed’s GST inclusion/exclusion wording while under pressure, and that judgment on the claim and counterclaim was for Eroc with costs. The reproduced reasons do not make a fraud or dishonesty finding against McGarry. The official Queensland judgments landing page returned 403, so this low-materiality context is based on the secondary full-text reproduction.

Attribution: Individual involvement documented. The secondary text directly describes McGarry’s negotiation role and the court’s account of a payment figure; it does not report a personal fraud/dishonesty finding.

Relevance: Limited historical legal context from a prior employer; age, subject matter and source-access limitations reduce current-role relevance.

Eroc Pty Ltd v Amalg Resources NL [2003] QSC 74 (CaseChat reproduced judgment, facts and outcome; official Queensland page inaccessible)

Governance and interests

Former project manager convicted of insider trading during issuer tenure

January 2017 conduct and ASX query; sentence 25 August 2026 · documented · medium materiality

ASIC reports that former Beacon project manager Alexander McCulloch pleaded guilty to insider trading involving 11 million shares acquired by associates in January 2017 while he possessed inside information about Beacon. He was sentenced on 25 August 2026; he is not a current executive. The event overlapped McGarry and Shipway’s disclosed Beacon tenure, but reviewed sources do not connect either to the offence. At the time, ASX queried Beacon about market movements and its 31 January 2017 drilling-results announcement; Beacon replied that it first received final assays on 29 January and stated its disclosure complied with Listing Rule 3.1. Shipway signed that response as NED/Company Secretary. The reply is the issuer’s explanation, not an ASX finding, and no closure assessment was located.

Attribution: Role overlaps event; causation unproven. Employer-level information-control context only. ASIC identifies McCulloch as the offender; the ASX aware-query letter is Beacon’s issuer response, not a finding against Shipway or McGarry. No personal involvement by either executive is established.

Relevance: Relevant to disclosure controls and board/company-secretary oversight during the period, while the documented issuer response and absence of an identified personal link limit individual attribution.

Former Beacon Minerals project manager Alexander McCulloch sentenced for insider trading (ASIC release dated 3 September 2026, conduct, former role and sentence); Beacon Minerals Annual Report 2025 (Directors’ report, printed pp. 11–12, McGarry and Shipway tenure); Response to ASX aware query (pp. 1–3, ASX query and Beacon response; signed by Shipway)

Connected-party supply and Lady Ida transaction require governance scrutiny

FY2025 service transactions; Lady Ida shareholder approval 9 August 2024 · documented · medium materiality

Beacon’s 2025 annual report says McVerde Minerals, whose directors include Graham McGarry and Geoffrey Greenhill, supplied services/equipment hire worth A$1.217m in FY2025, and Mangelsdorf Engineering, also directed by them, supplied repairs/manufacturing worth A$0.294m; the issuer describes both as on ordinary commercial terms. It also says Beacon shareholders approved the Lady Ida earn-in/JV with Geoda and Lamerton, entities controlled by McGarry and Greenhill. These are disclosed related-party interests and transaction structures, not evidence of improper conduct. The reviewed materials do not independently benchmark terms or describe the full approval/recusal process.

Attribution: Individual involvement documented. McGarry is named as a director/controller in related entities and is the company’s Executive Chairman/Managing Director. The report says ordinary commercial terms and shareholder approval for Lady Ida; no finding of breach or self-dealing is made.

Relevance: Material for conflict management, related-party controls, capital allocation and governance oversight.

Beacon Minerals Annual Report 2025 (Directors’ report, printed pp. 19–20; notes to financial statements, printed pp. 47–48 (related-party service transactions and Lady Ida approval/structure))

Court cured Beacon’s auditor-appointment non-compliance

Auditor appointment at November 2025 AGM; court decision dated 1 October 2026 in case summary; ASX order-confirmation listing dated 29 September 2026 · documented · medium materiality

The accessible case headnote for Re Beacon Minerals Ltd; Ex Parte Beacon Minerals Ltd [2026] WASC 424 says Beacon sought s1322 relief after an auditor appointment was not approved at the AGM, with non-compliance under Corporations Act ss327B(1)(b) and 328B. It says the Court could validate the appointment where the failure was honest inadvertence, no substantial injustice resulted or was likely, and relief was just and equitable; the case summary records curative orders. Beacon’s 25 November 2025 AGM presentation lists McGarry as Executive Chairman/Managing Director. This is a company-level process failure overlapping his role, not a personal court finding. The full judgment was not available. The case page dates the decision 1 October 2026, while the ASX listing shows a Confirmation of Orders release dated 29 September; sequence is unresolved.

Attribution: Role overlaps event; causation unproven. McGarry was the serving CEO/Executive Chairman during the 2025 AGM, but the public headnote does not assign personal responsibility. The Court’s reported honest-inadvertence/no-substantial-injustice findings and curative relief materially qualify the company-level lapse.

Relevance: Relevant to financial-reporting governance and board controls; it is not evidence of personal dishonesty.

Re Beacon Minerals Ltd; Ex Parte Beacon Minerals Ltd [2026] WASC 424 (Case summary: catchwords and Quick Take, ss1322, 327B and 328B; full judgment inaccessible); Annual General Meeting Presentation (slide 27, McGarry’s role at 25 November 2025 AGM); Beacon Minerals 2026 ASX announcements listing (29 September 2026 listing of Confirmation of Orders; underlying three-page notice not retrieved)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-10-10 · analyst inference · low materiality

Issuer report styles McGarry CPA, CD and describes eight years as Amalg Resources MD, where he was responsible for developing Eloise copper mine from early project stage to underground mine. A Perth Mint interview recalls treatment-plant work beginning in 1984 or 1985. This supports relevant disclosed experience for Executive Chairman/Managing Director, but does not establish attributable performance across the full tenure. Analyst assessment: role relevance is plausible; strength is unproven from reviewed public sources.

Attribution: Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes.

Relevance: Relevant to current Executive Chairman/Managing Director duties at Beacon Minerals Limited.

Beacon Minerals Annual Report 2025 (Directors’ report, printed p. 11); Graham McGarry – 125 years (Graham McGarry profile; recollection of treatment-plant work starting in 1984/85)

Evidence gaps

• Exact dates for the eight-year Amalg Resources tenure and the identities/dates of other projects McGarry says he developed are not stated in the reviewed sources; treatment-plant work is recalled as starting in 1984 or 1985.

• The 2025 issuer annual report styles McGarry “CPA, CD”, but awarding body, qualification dates and education details were not independently verified.

• No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.

• Beacon’s FY2026 audited annual report was listed on 29 September 2026 but could not be retrieved; preliminary FY2026 results here are unaudited.

• The accessible WASC case headnote is secondary and the full judgment/order was not retrieved; the reported 1 October case date conflicts with a 29 September ASX listing for Confirmation of Orders.

• No ASX closure assessment or follow-up to Beacon’s 7 February 2017 aware-query response was located.

• The 2003 Eroc v Amalg source is a secondary reproduction because the official Queensland judgment landing page was inaccessible; it reports no personal dishonesty finding.

Career chronology

• Since 19 March 2012; current at roster date 2026-09-26: Beacon Minerals Limited — Company Secretary. Beacon Minerals Annual Report 2025 (Directors’ report, printed pp. 11–12)

• Since 11 June 2015; current at roster date 2026-09-26: Beacon Minerals Limited — Non-Executive Director. Beacon Minerals Annual Report 2025 (Directors’ report, printed pp. 11–12)

• Former; exact dates not stated in reviewed sources: Cardinal Resources Limited — Company Secretary. Beacon Minerals Annual Report 2025 (Directors’ report, printed p. 12)

• Company Secretary since 22 March 2012 and Non-Executive Director since 11 June 2015: St George Mining Limited — Company Secretary and Non-Executive Director. Directors – St George Mining Limited (Sarah Shipway biography, lines 68–78)

• Current at Beacon 2025 annual report; appointment date not stated: American West Metals Limited — Company Secretary. Beacon Minerals Annual Report 2025 (Directors’ report, printed p. 12)

• Reported current from October 2020 in St George FY2024 annual report; status at 10 October 2026 not verified: BMG Resources Limited — Non-Executive Director (reported current in St George FY2024 annual report). St George Mining Annual Report 2024 (Directors’ report / Sarah Shipway biography, reported from October 2020)

Contributions and company outcomes

Board tenure overlapped Beacon’s sustained operating and FY2026 financial outcomes

2015–Q2 FY2026; preliminary FY2026 financial year · issuer reported · low materiality

During Shipway’s Beacon board tenure, the issuer reports the Jaurdi plant was commissioned in 2019 and had produced 200,000 cumulative mill ounces by Q2 FY2026. Beacon reported FY2025 production of 25,639 oz and FY2026 preliminary production of 24,854 oz, down 3%, alongside higher realized price/revenue and A$45.48m total comprehensive profit. These are company outcomes during her tenure and are not personally attributable to a non-executive director or company secretary. FY2026 figures are unaudited in the Appendix 4E; the audited annual report was listed 29 September 2026 but was not retrievable for review.

Attribution: Role overlaps event; causation unproven. Shipway served as NED/Company Secretary during the period; sources do not isolate her contribution to operating or financial results.

Relevance: Provides company-outcome context for a long-serving board member while preserving limits on individual attribution.

Jaurdi Gold Project (Jaurdi Gold Project; commissioning and cumulative output); Beacon Minerals Annual Report 2025 (printed p. 17, FY2025 output); Appendix 4E – Preliminary Final Report FY2026 (pp. 1 and 10, preliminary FY2026 results and unaudited status); Beacon Minerals 2026 ASX announcements listing (2026 annual-report listing; full report unavailable)

Governance and interests

Former project manager convicted of insider trading during issuer tenure

January 2017 conduct and ASX query; sentence 25 August 2026 · documented · medium materiality

ASIC reports that former Beacon project manager Alexander McCulloch pleaded guilty to insider trading involving 11 million shares acquired by associates in January 2017 while he possessed inside information about Beacon. He was sentenced on 25 August 2026; he is not a current executive. The event overlapped McGarry and Shipway’s disclosed Beacon tenure, but reviewed sources do not connect either to the offence. At the time, ASX queried Beacon about market movements and its 31 January 2017 drilling-results announcement; Beacon replied that it first received final assays on 29 January and stated its disclosure complied with Listing Rule 3.1. Shipway signed that response as NED/Company Secretary. The reply is the issuer’s explanation, not an ASX finding, and no closure assessment was located.

Attribution: Role overlaps event; causation unproven. Employer-level information-control context only. ASIC identifies McCulloch as the offender; the ASX aware-query letter is Beacon’s issuer response, not a finding against Shipway or McGarry. No personal involvement by either executive is established.

Relevance: Relevant to disclosure controls and board/company-secretary oversight during the period, while the documented issuer response and absence of an identified personal link limit individual attribution.

Former Beacon Minerals project manager Alexander McCulloch sentenced for insider trading (ASIC release dated 3 September 2026, conduct, former role and sentence); Beacon Minerals Annual Report 2025 (Directors’ report, printed pp. 11–12, McGarry and Shipway tenure); Response to ASX aware query (pp. 1–3, ASX query and Beacon response; signed by Shipway)

Shipway signed Beacon’s response to a 2017 ASX aware query

ASX query dated 2 February 2017; Beacon response dated 7 February 2017 · documented · low materiality

Beacon’s 7 February 2017 response addressed ASX questions about trading movements and the 31 January drilling-results announcement. It said final assay data were received on 29 January, described the announcement timetable and stated the issuer considered its Listing Rule 3.1 obligations met. Shipway signed as Non-Executive Director/Company Secretary. This documents her company-secretary role in the disclosure response; it is the issuer’s representation, not an ASX conclusion that no breach occurred. No subsequent ASX closing assessment was located in the reviewed sources.

Attribution: Individual involvement documented. Shipway signed the response in her stated corporate roles; the underlying assay and decision process are described by the issuer, and no personal breach is established.

Relevance: Directly relevant to the statutory disclosure responsibilities of a listed-company secretary; later regulator disposition remains unknown.

Response to ASX aware query (pp. 1–3, response and Shipway signature)

Court cured Beacon’s auditor-appointment non-compliance

Auditor appointment at November 2025 AGM; decision 1 October 2026 per case summary; ASX order-confirmation listing dated 29 September 2026 · documented · medium materiality

The accessible case headnote for Re Beacon Minerals Ltd; Ex Parte Beacon Minerals Ltd [2026] WASC 424 says Beacon sought s1322 relief after an auditor appointment was not approved at the AGM, with non-compliance under Corporations Act ss327B(1)(b) and 328B. It records the Court’s view that honest inadvertence, no substantial injustice and a just-and-equitable outcome could support validation, and reports curative orders. Beacon’s 25 November 2025 AGM presentation lists Shipway as Non-Executive Director/Company Secretary. The public headnote does not assign her personal responsibility; the full judgment was not available. The case page dates the decision 1 October 2026, while the ASX listing shows a Confirmation of Orders release dated 29 September; sequence is unresolved.

Attribution: Role overlaps event; causation unproven. Shipway was the serving NED/Company Secretary, but the public headnote does not identify her as responsible for the non-compliance. Court-reported honest inadvertence/no substantial injustice and curative relief qualify the company-level lapse.

Relevance: Relevant to company-secretarial and board reporting controls, without establishing a personal breach.

Re Beacon Minerals Ltd; Ex Parte Beacon Minerals Ltd [2026] WASC 424 (Case summary: catchwords and Quick Take; full judgment inaccessible); Annual General Meeting Presentation (slide 27, Shipway’s role at 25 November 2025 AGM); Beacon Minerals 2026 ASX announcements listing (29 September 2026 listing of Confirmation of Orders; underlying notice not retrieved)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-10-10 · analyst inference · low materiality

Issuer annual report and St George issuer biography report a Bachelor of Commerce from Murdoch University and CAANZ membership, plus 15+ years in resources governance/statutory reporting; company secretary since March 2012, director since 2015, and concurrent listed-company secretary roles. This supports relevant disclosed experience for Company Secretary, but does not establish attributable performance across the full tenure. Analyst assessment: role relevance is plausible; strength is unproven from reviewed public sources.

Attribution: Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes.

Relevance: Relevant to current Company Secretary duties at Beacon Minerals Limited.

Beacon Minerals Annual Report 2025 (Directors’ report, printed pp. 11–12); Directors – St George Mining Limited (Sarah Shipway biography, lines 72–78; B.Com/Murdoch, CA membership, Beacon role)

Evidence gaps

• Exact dates for the former Cardinal Resources secretary role and American West Metals secretary role were not disclosed in sources reviewed; dates for concurrent St George roles are disclosed only to month/day in issuer profiles.

• Issuer sources consistently report a B.Com from Murdoch and CAANZ membership; this review did not verify the award or membership against the university or professional register.

• No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.

• Beacon’s FY2026 audited annual report was listed on 29 September 2026 but could not be retrieved; preliminary FY2026 results cited here are unaudited.

• No ASX closure assessment or follow-up to Beacon’s 7 February 2017 aware-query response was located.

• The accessible WASC auditor-appointment headnote is secondary; full judgment and the underlying confirmation notice were not retrieved, and the case-summary/order-listing dates conflict.

• BMG Resources NED status is reported in St George’s FY2024 annual report from October 2020; sources reviewed do not establish whether the role continued at the October 2026 cutoff.

Career chronology

• Appointment announced during the March 2018 quarter; current issuer biography separately dates Registered Manager appointment to August 2018: Beacon Minerals Limited / Jaurdi Gold Project — Resident Mine Manager; later described as Registered Manager; current issuer title General Manager. Appointment of Resident Mine Manager / March 2018 quarterly report (Printed p. 7, appointment announced during March 2018 quarter); BCN leadership page (Management / Darren Gaby biography; Registered Manager appointment in August 2018)

• Before the Beacon appointment announced in the March 2018 quarter; exact end date not found: Metals X / Westgold Resources — Open Pit Manager, South Kalgoorlie and Higginsville operations. Appointment of Resident Mine Manager / March 2018 quarterly report (Appointment of Resident Mine Manager, printed p. 7); BCN leadership page (Management / Darren Gaby biography)

• Undated, before Beacon appointment: Alacer Gold, Avoca Resources, Harmony Gold Mining, Barrick Gold — Earlier senior operational and technical roles. BCN leadership page (Management / Darren Gaby biography)

Contributions and company outcomes

Jaurdi reached production and 200,000 cumulative ounces during Gaby’s tenure

August 2018–Q2 FY2026 · issuer reported · medium materiality

Beacon says Gaby managed Jaurdi through first gold after his August 2018 appointment. The issuer project page says the plant was commissioned in 2019, Lost Dog produced more than 100,000 oz between 2017 and 2023, and the Jaurdi mill reached 200,000 cumulative ounces by Q2 FY2026. Beacon’s FY2026 preliminary report states production of 24,854 oz, down 3% from FY2025’s 25,639 oz. This is a meaningful issuer-reported operating outcome during Gaby’s tenure, but it is not an independent review or solely attributable personal achievement.

Attribution: Role overlaps event; causation unproven. Issuer states direct project management through first gold; cumulative production includes company, geological and workforce contributions and is not solely assigned to Gaby.

Relevance: Evidence of delivery relevant to a mine general manager.

BCN leadership page (Management / Darren Gaby biography; management through first gold); Jaurdi Gold Project (Jaurdi project page; 2019 commissioning, Lost Dog and cumulative production); Appendix 4E – Preliminary Final Report FY2026 (p. 1, FY2026 output and comparison; unaudited report)

Environmental record

Permit-holder report signed by Gaby reports clearing compliance

2017–2021 reporting periods; report dated 2021-12-08 · issuer reported · low materiality

A permit-holder report published on DWER’s FTP states clearing under CPS7635/2 complied with permit conditions in the reporting period and reports 3.96 ha in 2018–19 and no clearing in 2019–20 or 2020–21. Gaby signed the report as General Manager for Jaurdi/Coolgardie. It is a company-submitted compliance statement rather than an independent regulator audit; it does not resolve other environmental topics or later periods.

Attribution: Individual involvement documented. Gaby is the signatory and named contact; the report identifies the permit holder as MacPhersons Reward Pty Ltd, a Beacon subsidiary. No breach is alleged by this source.

Relevance: Relevant evidence about environmental compliance reporting and managerial accountability.

CPS7635/2 Clearing Permit Compliance 2017–2021 (Printed p. 1 summary; pp. 8–13 signed reports, notably pp. 8–9 and 11–12)

Suitability for the current role

Relevant mine-management experience is issuer-documented; performance attribution is limited

March–August 2018 appointment statements; current at 2026-10-10 · analyst inference · low materiality

Beacon’s 27 April 2018 ASX quarterly report says Gaby was appointed Resident Mine Manager during the March quarter to oversee Jaurdi’s transition from development to production, and reports two diplomas, an Unrestricted Quarry Managers Certificate and 25 years of Goldfields mining experience. The current issuer biography separately dates his Registered Manager appointment to August 2018, says he managed the project through first gold, and lists prior operational/technical roles. The current page calls him General Manager. The March-quarter and August statements may refer to initial appointment and later registration, but the reviewed sources do not resolve the chronology; no day-level start date is inferred.

Attribution: Individual involvement documented. Issuer sources directly connect Gaby to mine management through first gold; their role-date wording differs and is unresolved. This supports role relevance but does not establish sole responsibility for company or production outcomes; credential verification is incomplete.

Relevance: Directly relevant to operational management of Beacon’s producing mine.

Appointment of Resident Mine Manager / March 2018 quarterly report (Printed p. 7, appointment during March 2018 quarter and stated experience/credentials); BCN leadership page (Management / Darren Gaby biography; Registered Manager appointment August 2018 and first-gold role)

Evidence gaps

• The exact start/end dates at prior employers and job titles at Alacer, Avoca, Harmony and Barrick are not disclosed.

• Diplomas and quarry manager credential are issuer-reported; no independent issuing-register verification was completed.

• Focused public searches did not find a reliable person-specific legal, fraud, safety, or later-period environmental record. Search coverage is incomplete and not a clearance.

• No independent operational review or attributable performance measure isolating Gaby’s contribution was located.

• DWER-hosted clearing compliance material covers only specified permit periods through 2021; other permits and subsequent years were not independently reconciled.

• Beacon’s FY2026 audited annual report was listed on 29 September 2026 but could not be retrieved; cited FY2026 production is preliminary and unaudited.

• DWER lists Jaurdi annual audit-compliance reports for 2022–23 through 2024–25, but their contents were not retrieved. The previously reviewed clearing report is company-submitted and covers only periods through 2021.

• Targeted WorkSafe searches and open-web environmental searches are limited; they are not a complete regulator, incident or safety-record review.