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2026-11-06
◂ Monitor BGL ASX

BELLEVUE GOLD LIMITED

Producer · Gold · Australia Rating locked: sign in to view v8 · bgl-20261024t204952-full
Last 2026-11-06
A$1.41
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1M
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Fair value
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Mkt cap
A$2.1B
EV
A$1.9B
Cash
A$195.4M
Debt
A$100M
5 newer ASX announcements not yet reflected in this valuation

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 underground gold, finance, geological and governance experience. FY2026 production and profit improved after the FY2025 downgrade and financing reset; injury rates worsened and a misfire-management incident interrupted development. Events are company-level unless individual responsibility is directly documented.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Darren Stralow

Managing Director and Chief Executive Officer

Current
Full background report for Darren Stralow
Role FitAnalyst Inference · Medium materiality

Experience relevant to role

Analyst inference: the issuer-reported career and current role provide experience relevant to Managing Director and Chief Executive Officer; performance in that role cannot be established from biography alone.

Responsibility not applicable · Role fit is an analytical judgment based on cited career evidence.

FY2026 Annual Report · PDF p19, printed p35 CEO biography
Company SuccessIssuer Reported · High materiality

FY2026 operating outcome

Bellevue reported FY2026 production of 143,539 ounces at A$2,827/oz AISC and FY2026 profit after tax of A$7.081 million, versus a A$45.889 million FY2025 loss. Commodity prices and many employees and contractors influence the result. In the September 2026 quarter production was 35,585 ounces, down from 41,643 in June, as a new contractor ramped up more slowly than expected.

Role overlaps event; causation unproven · He was CEO and managing director during both periods; personal causation is not quantified.

FY2026 Annual Report · PDF p21, printed p39 remuneration year review
FY2026 Annual Report · PDF p34, printed p64 income statement
September 2026 Quarterly Activities Report · p1 September quarterly production and contractor transition
FailureIssuer Reported · High materiality

2025 production downgrade and financing reset

Original FY2025 guidance of 165,000–180,000 ounces was lowered to 150,000–165,000 in January and 129,000–134,000 in April. Bellevue reported 126,139 ounces recovered for FY2025. In April it reset the plan, announced equity funding and estimated up to A$110.5 million of hedge close-out costs; the annual report later recorded A$110.9 million paid to close near-term contracts.

Role overlaps event; causation unproven · Company results during his CEO tenure; geology, execution, market prices and financing conditions contributed.

Production and guidance update · p1 production and guidance
Updated guidance and equity raising · pp1–3 funding and guidance
FY2025 Annual Report · operations review and financial position
SafetyIssuer Reported · High materiality

FY2026 injury rates and 2025 development pause

The FY2026 total recordable injury frequency rate rose to 14.4 from 6.8 and lost-time injury frequency rose to 2.1 from zero; Bellevue says it did not meet its safety goals. Development had been suspended for ten days after a December 2025 misfire-management incident, with work resuming 4 January after assessment.

Role overlaps event; causation unproven · He was CEO during the events; company-level records do not establish personal fault.

FY2026 Annual Report · PDF p11, printed p19 Safety and Wellbeing
December 2025 Quarterly Activities Report · pp1,3 and 5 safety incident and restart
SafetyDocumented · Medium materiality

Former employer incidents after Paulsens role

A Paulsens contractor died in 2015 and Northern Star pleaded guilty and was fined A$90,000 in 2017 for unsafe heat conditions. Northern Star was also fined A$150,000 in 2021 for a 2017 Millennium vehicle incident. Stralow had already been replaced as Paulsens GM in February 2014; exact responsibilities for later incidents are not established. The ASX-hosted replacement notice has a conflicting 2013 printed header; its 2014 filing path and references to the 2014 acquisitions, together with the January 2014 filing, support the chronology.

Employer context; no individual link established · He previously held a Paulsens role and worked at Northern Star; no personal involvement or fault in either incident is established.

Northern Star appoints new senior management team · p1 replacement as Paulsens GM
Northern Star fined over Paulsens mine death · court reporting, June 2017
December 2013 quarterly activities report · p8 competent-person statement, 23 January 2014
Evidence gaps · 4
  • Independent verification of educational and professional credentials was not obtained.
  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.
  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.
  • Exact Northern Star responsibility at the time of the 2015 and 2017 incidents is not established; he had ceased as Paulsens general manager in 2014.

Full background report

Darren Stralow

Managing Director and Chief Executive Officer

Career chronology

Education and qualifications

Reported qualifications

Reported in issuer records through 2026 · issuer reported · low materiality

Bachelor of Engineering (Mining) from the Western Australian School of Mines; Fellow of AusIMM and AICD graduate, according to the company.

Attribution: Responsibility not applicable. The issuing institution or professional body was not independently asked to verify the credential.

Relevance: Background for the current role.

FY2026 Annual Report (PDF p19, printed p35 CEO biography)

Contributions and company outcomes

FY2026 operating outcome

FY2025–FY2026 · issuer reported · high materiality

Bellevue reported FY2026 production of 143,539 ounces at A$2,827/oz AISC and FY2026 profit after tax of A$7.081 million, versus a A$45.889 million FY2025 loss. Commodity prices and many employees and contractors influence the result. In the September 2026 quarter production was 35,585 ounces, down from 41,643 in June, as a new contractor ramped up more slowly than expected.

Attribution: Role overlaps event; causation unproven. He was CEO and managing director during both periods; personal causation is not quantified.

Relevance: Operating and financial delivery over the management period.

FY2026 Annual Report (PDF p21, printed p39 remuneration year review); FY2026 Annual Report (PDF p34, printed p64 income statement); September 2026 Quarterly Activities Report (p1 September quarterly production and contractor transition)

Business failures and setbacks

2025 production downgrade and financing reset

January–August 2025 · issuer reported · high materiality

Original FY2025 guidance of 165,000–180,000 ounces was lowered to 150,000–165,000 in January and 129,000–134,000 in April. Bellevue reported 126,139 ounces recovered for FY2025. In April it reset the plan, announced equity funding and estimated up to A$110.5 million of hedge close-out costs; the annual report later recorded A$110.9 million paid to close near-term contracts.

Attribution: Role overlaps event; causation unproven. Company results during his CEO tenure; geology, execution, market prices and financing conditions contributed.

Relevance: Material production and capital-allocation track record.

Production and guidance update (p1 production and guidance); Updated guidance and equity raising (pp1–3 funding and guidance); FY2025 Annual Report (operations review and financial position)

Industrial safety

FY2026 injury rates and 2025 development pause

December 2025 and FY2026 · issuer reported · high materiality

The FY2026 total recordable injury frequency rate rose to 14.4 from 6.8 and lost-time injury frequency rose to 2.1 from zero; Bellevue says it did not meet its safety goals. Development had been suspended for ten days after a December 2025 misfire-management incident, with work resuming 4 January after assessment.

Attribution: Role overlaps event; causation unproven. He was CEO during the events; company-level records do not establish personal fault.

Relevance: Operational safety and oversight.

FY2026 Annual Report (PDF p11, printed p19 Safety and Wellbeing); December 2025 Quarterly Activities Report (pp1,3 and 5 safety incident and restart)

Former employer incidents after Paulsens role

2015–2021 · documented · medium materiality

A Paulsens contractor died in 2015 and Northern Star pleaded guilty and was fined A$90,000 in 2017 for unsafe heat conditions. Northern Star was also fined A$150,000 in 2021 for a 2017 Millennium vehicle incident. Stralow had already been replaced as Paulsens GM in February 2014; exact responsibilities for later incidents are not established. The ASX-hosted replacement notice has a conflicting 2013 printed header; its 2014 filing path and references to the 2014 acquisitions, together with the January 2014 filing, support the chronology.

Attribution: Employer context; no individual link established. He previously held a Paulsens role and worked at Northern Star; no personal involvement or fault in either incident is established.

Relevance: Historical employer safety context with strict attribution limits.

Northern Star appoints new senior management team (p1 replacement as Paulsens GM); Northern Star fined over Paulsens mine death (court reporting, June 2017); Gold miner fined after workers injured driving underground (WA regulator notice, March 2021); December 2013 quarterly activities report (p8 competent-person statement, 23 January 2014)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · medium materiality

Analyst inference: the issuer-reported career and current role provide experience relevant to Managing Director and Chief Executive Officer; performance in that role cannot be established from biography alone.

Attribution: Responsibility not applicable. Role fit is an analytical judgment based on cited career evidence.

Relevance: Role relevance, with attribution limits.

FY2026 Annual Report (PDF p19, printed p35 CEO biography)

Evidence gaps

  • Independent verification of educational and professional credentials was not obtained.

  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.

  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

  • Exact Northern Star responsibility at the time of the 2015 and 2017 incidents is not established; he had ceased as Paulsens general manager in 2014.

Guy Moore

Chief Financial Officer

Current
Full background report for Guy Moore
Role FitAnalyst Inference · Medium materiality

Experience relevant to role

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Financial Officer; performance in that role cannot be established from biography alone.

Responsibility not applicable · Role fit is an analytical judgment based on cited career evidence.

FY2026 Annual Report · PDF p20, printed pp36–37 executive management biographies
Company SuccessIssuer Reported · Medium materiality

Profit after tax in FY2026

The company reported A$7.081 million FY2026 net profit after a A$45.889 million FY2025 loss. The CFO was in role; output and gold-price changes also affect results.

Role overlaps event; causation unproven · A finance outcome during CFO tenure, not an independently isolated contribution.

FY2026 Annual Report · PDF p34, printed p64 income statement
FailureIssuer Reported · High materiality

Funding and hedge reset in 2025

Following lower than planned production and funding commitments, Bellevue raised equity and paid A$110.9 million to close near-term forward gold contracts in FY2025; the company also reported a net loss.

Role overlaps event; causation unproven · Company-level decisions and outcomes during CFO tenure; his personal decision authority is not established.

FY2025 Annual Report · operating and financial review, financial position
Updated guidance and equity raising · pp1–3 funding and hedge plan
Evidence gaps · 3
  • Independent verification of educational and professional credentials was not obtained.
  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.
  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

Full background report

Guy Moore

Chief Financial Officer

Career chronology

  • Current in 22 September 2026 annual report; exact commencement date not established: Bellevue Gold Limited — Chief Financial Officer. FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

  • Before joining Bellevue in 2022: Northern Star Resources — General Manager Finance. March 2022 quarterly report (CFO appointment section)

  • Before Northern Star; detailed dates not established: Perth Mint and PricewaterhouseCoopers — Group Finance Manager; finance and accounting roles. FY2026 Annual Report (PDF p20, printed p36 executive team)

Education and qualifications

Reported qualifications

Reported in issuer records through 2026 · issuer reported · low materiality

Chartered accountant and first-class honours degree in Accounting and Financial Analysis from Newcastle University (UK), according to Bellevue.

Attribution: Responsibility not applicable. The issuing institution or professional body was not independently asked to verify the credential.

Relevance: Background for the current role.

FY2026 Annual Report (PDF p20, printed p36 CFO biography)

Contributions and company outcomes

Profit after tax in FY2026

FY2025–FY2026 · issuer reported · medium materiality

The company reported A$7.081 million FY2026 net profit after a A$45.889 million FY2025 loss. The CFO was in role; output and gold-price changes also affect results.

Attribution: Role overlaps event; causation unproven. A finance outcome during CFO tenure, not an independently isolated contribution.

Relevance: Financial stewardship context.

FY2026 Annual Report (PDF p34, printed p64 income statement)

Business failures and setbacks

Funding and hedge reset in 2025

FY2025 · issuer reported · high materiality

Following lower than planned production and funding commitments, Bellevue raised equity and paid A$110.9 million to close near-term forward gold contracts in FY2025; the company also reported a net loss.

Attribution: Role overlaps event; causation unproven. Company-level decisions and outcomes during CFO tenure; his personal decision authority is not established.

Relevance: Financing and hedging oversight.

FY2025 Annual Report (operating and financial review, financial position); Updated guidance and equity raising (pp1–3 funding and hedge plan)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · medium materiality

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Financial Officer; performance in that role cannot be established from biography alone.

Attribution: Responsibility not applicable. Role fit is an analytical judgment based on cited career evidence.

Relevance: Role relevance, with attribution limits.

FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

Evidence gaps

  • Independent verification of educational and professional credentials was not obtained.

  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.

  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

Peter Ganza

Chief Operating Officer

Current
Full background report for Peter Ganza
Role FitAnalyst Inference · Medium materiality

Experience relevant to role

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Operating Officer; performance in that role cannot be established from biography alone.

Responsibility not applicable · Role fit is an analytical judgment based on cited career evidence.

FY2026 Annual Report · PDF p20, printed pp36–37 executive management biographies
Company SuccessIssuer Reported · Medium materiality

FY2026 operating production

Bellevue produced 143,539 ounces at A$2,827/oz AISC in FY2026. Ganza joined on 5 January 2026, so only the latter part of the financial year overlaps his tenure.

Role overlaps event; causation unproven · Result reflects team and contractor operations across the full year; personal contribution cannot be isolated.

FY2026 Annual Report · PDF p21, printed p39 year review
FY2026 Annual Report · PDF p30, printed p56 note on commencement
SafetyIssuer Reported · High materiality

FY2026 injury-rate deterioration

Bellevue disclosed FY2026 recordable injury frequency of 14.4 versus 6.8 and lost-time injury frequency of 2.1 versus zero in FY2025. Ganza began on 5 January 2026; this annual comparison includes a period before he joined.

Role overlaps event; causation unproven · Annual statistics are company-wide; no personal fault is established.

FY2026 Annual Report · PDF p11, printed p19 safety
FY2026 Annual Report · PDF p30, printed p56 commencement
Personal SuccessDocumented · Medium materiality

Signed Karora technical-report responsibilities

Ganza signed as a qualified person responsible for specified Higginsville-Lakewood report sections on metallurgy, reserves, mining, infrastructure and capital/operating costs.

Individual involvement documented · Signed certificate states his report-section responsibility; it does not independently establish investment outcomes.

Higginsville-Lakewood technical report · Peter Ganza signed certificate, sections 13,15–18,21
Evidence gaps · 4
  • Independent verification of educational and professional credentials was not obtained.
  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.
  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.
  • Breakdown of FY2026 injury and production results before and after his 5 January commencement was not established.

Full background report

Peter Ganza

Chief Operating Officer

Career chronology

  • Current in 22 September 2026 annual report; appointed 2026-01-05: Bellevue Gold Limited — Chief Operating Officer. FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

  • Acting COO appointed 19 November 2024, followed by GM Projects: Ramelius Resources — Acting Chief Operating Officer and General Manager Projects. Key management change at Ramelius (p1 appointment); FY2026 Annual Report (PDF p20, printed p36 COO biography)

  • Joined April 2023; COO from October 2023: Karora Resources — Chief Operating Officer, Australia. 2023 Annual Information Form (p19 executive officer biographies); Higginsville-Lakewood technical report (signed certificate of qualified person)

Education and qualifications

Reported qualifications

Reported in issuer records through 2026 · issuer reported · low materiality

Bachelor of Engineering (Mining) from the University of Queensland; his own signed qualified-person certificate reports his 1993 graduation and chartered professional membership.

Attribution: Responsibility not applicable. The issuing institution or professional body was not independently asked to verify the credential.

Relevance: Background for the current role.

Higginsville-Lakewood technical report (certificate of qualified person, Peter Ganza)

Personal achievements

Signed Karora technical-report responsibilities

January 2024 · documented · medium materiality

Ganza signed as a qualified person responsible for specified Higginsville-Lakewood report sections on metallurgy, reserves, mining, infrastructure and capital/operating costs.

Attribution: Individual involvement documented. Signed certificate states his report-section responsibility; it does not independently establish investment outcomes.

Relevance: Direct evidence of technical reporting scope.

Higginsville-Lakewood technical report (Peter Ganza signed certificate, sections 13,15–18,21)

Contributions and company outcomes

FY2026 operating production

FY2026 · issuer reported · medium materiality

Bellevue produced 143,539 ounces at A$2,827/oz AISC in FY2026. Ganza joined on 5 January 2026, so only the latter part of the financial year overlaps his tenure.

Attribution: Role overlaps event; causation unproven. Result reflects team and contractor operations across the full year; personal contribution cannot be isolated.

Relevance: Operating delivery while COO.

FY2026 Annual Report (PDF p21, printed p39 year review); FY2026 Annual Report (PDF p30, printed p56 note on commencement)

Industrial safety

FY2026 injury-rate deterioration

FY2026 · issuer reported · high materiality

Bellevue disclosed FY2026 recordable injury frequency of 14.4 versus 6.8 and lost-time injury frequency of 2.1 versus zero in FY2025. Ganza began on 5 January 2026; this annual comparison includes a period before he joined.

Attribution: Role overlaps event; causation unproven. Annual statistics are company-wide; no personal fault is established.

Relevance: Safety management and operational oversight.

FY2026 Annual Report (PDF p11, printed p19 safety); FY2026 Annual Report (PDF p30, printed p56 commencement)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · medium materiality

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Operating Officer; performance in that role cannot be established from biography alone.

Attribution: Responsibility not applicable. Role fit is an analytical judgment based on cited career evidence.

Relevance: Role relevance, with attribution limits.

FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

Evidence gaps

  • Independent verification of educational and professional credentials was not obtained.

  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.

  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

  • Breakdown of FY2026 injury and production results before and after his 5 January commencement was not established.

Amber Stanton

General Counsel and Company Secretary

Current
Full background report for Amber Stanton
Role FitAnalyst Inference · Medium materiality

Experience relevant to role

Analyst inference: the issuer-reported career and current role provide experience relevant to General Counsel and Company Secretary; performance in that role cannot be established from biography alone.

Responsibility not applicable · Role fit is an analytical judgment based on cited career evidence.

FY2026 Annual Report · PDF p20, printed pp36–37 executive management biographies
GovernanceIssuer Reported · Medium materiality

Concurrent listed-company directorship

Alicanto appointed Stanton as a non-executive director effective 9 April 2026 and disclosed proposed performance-rights conditions. Alicanto changed its name to Sinclair Gold in July 2026; the Bellevue annual report confirms her Sinclair Gold board role.

Individual involvement documented · The appointment is directly disclosed; no conflict or impropriety is inferred.

FY2026 Annual Report · PDF p20, printed p36 legal biography
Alicanto rebrands to Sinclair Gold · 14 July 2026 report of the name change
FailureIssuer Reported · Medium materiality

Former employer’s 2020 Syama labour dispute

Resolute disclosed a union strike notice concerning stood-down workers in September 2020 and withdrew production and cost guidance. In October it reported a conciliation agreement and cancellation of further planned action. Stanton’s precise Resolute employment dates and her involvement in these events are not established.

Employer context; no individual link established · The events concern a former employer; no involvement or responsibility by Stanton is established.

Syama update · p1 strike notice and company response
September quarterly activities report · quarterly highlights and conciliation agreement
Evidence gaps · 4
  • Independent verification of educational and professional credentials was not obtained.
  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.
  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.
  • Stanton’s exact dates at Resolute and involvement, if any, in the 2020 Syama labour dispute were not established.

Full background report

Amber Stanton

General Counsel and Company Secretary

Career chronology

Education and qualifications

Reported qualifications

Reported in issuer records through 2026 · issuer reported · low materiality

Bellevue reports a Bachelor of Laws; the awarding institution and credential were not independently confirmed from the dated report.

Attribution: Responsibility not applicable. The issuing institution or professional body was not independently asked to verify the credential.

Relevance: Background for the current role.

FY2026 Annual Report (PDF p20, printed p36 legal biography)

Business failures and setbacks

Former employer’s 2020 Syama labour dispute

September–October 2020 · issuer reported · medium materiality

Resolute disclosed a union strike notice concerning stood-down workers in September 2020 and withdrew production and cost guidance. In October it reported a conciliation agreement and cancellation of further planned action. Stanton’s precise Resolute employment dates and her involvement in these events are not established.

Attribution: Employer context; no individual link established. The events concern a former employer; no involvement or responsibility by Stanton is established.

Relevance: Former-employer labour and legal context; no individual fault is inferred.

Syama update (p1 strike notice and company response); September quarterly activities report (quarterly highlights and conciliation agreement)

Governance and interests

Concurrent listed-company directorship

2026 · issuer reported · medium materiality

Alicanto appointed Stanton as a non-executive director effective 9 April 2026 and disclosed proposed performance-rights conditions. Alicanto changed its name to Sinclair Gold in July 2026; the Bellevue annual report confirms her Sinclair Gold board role.

Attribution: Individual involvement documented. The appointment is directly disclosed; no conflict or impropriety is inferred.

Relevance: Outside board commitments and conflict management.

Funding package and board changes (Board Changes p3); FY2026 Annual Report (PDF p20, printed p36 legal biography); Alicanto rebrands to Sinclair Gold (14 July 2026 report of the name change)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · medium materiality

Analyst inference: the issuer-reported career and current role provide experience relevant to General Counsel and Company Secretary; performance in that role cannot be established from biography alone.

Attribution: Responsibility not applicable. Role fit is an analytical judgment based on cited career evidence.

Relevance: Role relevance, with attribution limits.

FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

Evidence gaps

  • Independent verification of educational and professional credentials was not obtained.

  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.

  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

  • Stanton’s exact dates at Resolute and involvement, if any, in the 2020 Syama labour dispute were not established.

Shaun Hackett

Chief Geologist

Current
Full background report for Shaun Hackett
Role FitAnalyst Inference · Medium materiality

Experience relevant to role

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Geologist; performance in that role cannot be established from biography alone.

Responsibility not applicable · Role fit is an analytical judgment based on cited career evidence.

FY2026 Annual Report · PDF p20, printed pp36–37 executive management biographies
Personal SuccessIssuer Reported · Medium materiality

Competent person for Bellevue exploration

The 29 April 2026 quarterly identifies Hackett as the competent person who compiled and approved the new exploration results included in the announcement.

Individual involvement documented · The report explicitly identifies his compilation and consent; discovery attribution is not established.

March 2026 quarterly activities · end notes, competent person statement
Evidence gaps · 3
  • Independent verification of educational and professional credentials was not obtained.
  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.
  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

Full background report

Shaun Hackett

Chief Geologist

Career chronology

  • Current in 22 September 2026 annual report; exact commencement date not established: Bellevue Gold Limited — Chief Geologist. FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

  • Before January 2026; exact tenure not established: Gold Fields — Group Geologist – Strategic Projects. Deacon North development on schedule (p2 appointment biography)

  • Earlier career; dates not established: Snowden and Xstract Mining Consultants — Senior geological roles. FY2026 Annual Report (PDF p20, printed pp36–37 executive team)

Education and qualifications

Reported qualifications

Reported in issuer records through 2026 · issuer reported · low materiality

Bachelor of Applied Science in Geology from Federation University Australia and AusIMM fellowship reported by Bellevue; independent verification was not obtained.

Attribution: Responsibility not applicable. The issuing institution or professional body was not independently asked to verify the credential.

Relevance: Background for the current role.

FY2026 Annual Report (PDF p20, printed p37 chief geologist biography)

Personal achievements

Competent person for Bellevue exploration

April 2026 · issuer reported · medium materiality

The 29 April 2026 quarterly identifies Hackett as the competent person who compiled and approved the new exploration results included in the announcement.

Attribution: Individual involvement documented. The report explicitly identifies his compilation and consent; discovery attribution is not established.

Relevance: Demonstrated technical-reporting responsibility.

March 2026 quarterly activities (end notes, competent person statement)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · medium materiality

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Geologist; performance in that role cannot be established from biography alone.

Attribution: Responsibility not applicable. Role fit is an analytical judgment based on cited career evidence.

Relevance: Role relevance, with attribution limits.

FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

Evidence gaps

  • Independent verification of educational and professional credentials was not obtained.

  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.

  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

Kellie Randell

General Manager People and Culture

Current
Full background report for Kellie Randell
Role FitAnalyst Inference · Medium materiality

Experience relevant to role

Analyst inference: the issuer-reported career and current role provide experience relevant to General Manager People and Culture; performance in that role cannot be established from biography alone.

Responsibility not applicable · Role fit is an analytical judgment based on cited career evidence.

FY2026 Annual Report · PDF p20, printed pp36–37 executive management biographies
Company SuccessDocumented · Medium materiality

Genesis HR system selection

An April 2025 report identifies Randell as Genesis general manager of people and culture when the company selected Workday for its HR systems; its anticipated efficiency benefits were forward-looking.

Role overlaps event; causation unproven · She was quoted as Genesis HR leader about the company’s selection; personal decision authority and later results were not established.

Genesis Minerals streamlines HR operations · 3 April 2025 HR selection report
Evidence gaps · 3
  • Independent verification of educational and professional credentials was not obtained.
  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.
  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

Full background report

Kellie Randell

General Manager People and Culture

Career chronology

  • Current in 22 September 2026 annual report; exact commencement date not established: Bellevue Gold Limited — General Manager People and Culture. FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

  • Reported by Genesis in FY2024; exact departure date unconfirmed: Genesis Minerals — General Manager People and Culture. FY2024 Annual Report (p12 executive management biography); Genesis Minerals streamlines HR operations (3 April 2025 Genesis HR system selection)

Education and qualifications

Reported qualifications

Reported in issuer records through 2026 · issuer reported · low materiality

Postgraduate Diploma of Business in Human Resource Management from Edith Cowan University, as stated by Bellevue and Genesis.

Attribution: Responsibility not applicable. The issuing institution or professional body was not independently asked to verify the credential.

Relevance: Background for the current role.

FY2024 Annual Report (p12 executive biography)

Contributions and company outcomes

Genesis HR system selection

April 2025 · documented · medium materiality

An April 2025 report identifies Randell as Genesis general manager of people and culture when the company selected Workday for its HR systems; its anticipated efficiency benefits were forward-looking.

Attribution: Role overlaps event; causation unproven. She was quoted as Genesis HR leader about the company’s selection; personal decision authority and later results were not established.

Relevance: Prior human resources leadership relevance.

Genesis Minerals streamlines HR operations (3 April 2025 HR selection report)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · medium materiality

Analyst inference: the issuer-reported career and current role provide experience relevant to General Manager People and Culture; performance in that role cannot be established from biography alone.

Attribution: Responsibility not applicable. Role fit is an analytical judgment based on cited career evidence.

Relevance: Role relevance, with attribution limits.

FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

Evidence gaps

  • Independent verification of educational and professional credentials was not obtained.

  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.

  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

Duncan Hughes

Chief Corporate Development Officer

Current
Full background report for Duncan Hughes
Role FitAnalyst Inference · Medium materiality

Experience relevant to role

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Corporate Development Officer; performance in that role cannot be established from biography alone.

Responsibility not applicable · Role fit is an analytical judgment based on cited career evidence.

FY2026 Annual Report · PDF p20, printed pp36–37 executive management biographies
Company SuccessIssuer Reported · Medium materiality

Gold Road tenure through project development

Gold Road identified Hughes as its manager of corporate development and investor relations in 2020; Bellevue describes his later GM role during Gold Road’s transition toward an established producer.

Role overlaps event; causation unproven · The project and company evolution involved many participants; his individual contribution is not quantified.

September investor presentation · leadership biography
FY2026 Annual Report · PDF p20, printed p37 biography
Evidence gaps · 3
  • Independent verification of educational and professional credentials was not obtained.
  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.
  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.

Full background report

Duncan Hughes

Chief Corporate Development Officer

Career chronology

  • Current in 22 September 2026 annual report; exact commencement date not established: Bellevue Gold Limited — Chief Corporate Development Officer. FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

  • Joined Gold Road in early 2018; departure exact date not established: Gold Road Resources — Manager and later General Manager, Corporate Development and Investor Relations. September investor presentation (p leadership profile); FY2026 Annual Report (PDF p20, printed p37 biography)

Education and qualifications

Reported qualifications

Reported in issuer records through 2026 · issuer reported · low materiality

First-class honours geology degree and MBA in Investment and Risk, according to Bellevue and Gold Road.

Attribution: Responsibility not applicable. The issuing institution or professional body was not independently asked to verify the credential.

Relevance: Background for the current role.

September investor presentation (leadership biography, Duncan Hughes)

Contributions and company outcomes

Gold Road tenure through project development

2018–2025 · issuer reported · medium materiality

Gold Road identified Hughes as its manager of corporate development and investor relations in 2020; Bellevue describes his later GM role during Gold Road’s transition toward an established producer.

Attribution: Role overlaps event; causation unproven. The project and company evolution involved many participants; his individual contribution is not quantified.

Relevance: Corporate development and investor relations experience.

September investor presentation (leadership biography); FY2026 Annual Report (PDF p20, printed p37 biography)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · medium materiality

Analyst inference: the issuer-reported career and current role provide experience relevant to Chief Corporate Development Officer; performance in that role cannot be established from biography alone.

Attribution: Responsibility not applicable. Role fit is an analytical judgment based on cited career evidence.

Relevance: Role relevance, with attribution limits.

FY2026 Annual Report (PDF p20, printed pp36–37 executive management biographies)

Evidence gaps

  • Independent verification of educational and professional credentials was not obtained.

  • Detailed dates and responsibilities across earlier employers and any direct contribution to aggregate outcomes remain incomplete.

  • Open-web searches are limited and do not establish an exhaustive legal, criminal, sanctions or regulatory record.