Sarah Shipway

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.