Ballard Mining Limited

Career chronology

• Current at roster date 2026-09-26: Ballard Mining Limited — Managing Director. Ballard Mining Half-Year Report 2026 (Executive roster / management listing; Paul Brennan — Managing Director)

• March 2019 to November 2023: Calidus Resources Limited — Chief Operating Officer. Paul Brennan professional profile (Career chronology: joined in March 2019 as COO, then moved into project development in November 2023.)

• November 2023 to 2024 (exact end date not established): Calidus Resources Limited — Project Development. Paul Brennan professional profile (Career chronology: moved into project development in November 2023; Ballard prospectus/profile identifies role through 2024, but exact finish date not established.)

• Four years; dates not reported: Saracen Mineral Holdings Ltd. — General Manager, Carosue Dam. Paul Brennan professional profile (Career biography: prior to Calidus, General Manager of Carosue Dam for four years.)

Education and qualifications

Mining engineer with project-management qualification

As reported by source accessed 2026-10-09 · issuer reported · low materiality

Business News identifies Brennan as a mining engineer with a Graduate Certificate in Project Management and more than 20 years of mining-industry experience. The profile does not name the engineering institution or date of award; neither qualification was independently checked with a register or awarding institution.

Attribution: Responsibility not applicable. Education and credential statements are reported in a professional biography; independent credential verification was not performed.

Relevance: Relevant technical and project-management background for an exploration-to-development Managing Director.

Paul Brennan professional profile (Professional biography, lines 162-168)

Contributions and company outcomes

Ballard raised A$61 million while Brennan was Managing Director

2026-01-23 · documented · medium materiality

Ballard announced a A$61.0 million placement on 23 January 2026, with total available funds of A$89.8 million including cash and stated uses including drilling, early works, studies and working capital. The release names Brennan as Managing Director and Manners as Finance Director and says it was authorised by the board. This is a completed corporate financing; the source does not isolate Brennan’s individual contribution and the use of funds and FID pathway remain forward-looking.

Attribution: Role overlaps event; causation unproven. He was Managing Director during the financing; no source independently attributes the transaction to a single executive.

Relevance: Capital access is relevant to execution of the Mt Ida development plan.

Successful $61M Placement – Ballard Funded to Final Investment Decision (Placement proceeds, sources and uses, and authorization, pages 1-4)

Business failures and setbacks

Calidus entered administration after Warrawoona operated for about two years

2023-11 to 2025-01 · documented · medium materiality

Brennan joined Calidus in March 2019 as COO, shifted to Project Development in November 2023, and the January 2024 quarterly report identifies him in that role. Calidus entered receivership/administration in June 2024; the Warrawoona mine was moved to care and maintenance in July 2024. In January 2025 the deed administrators completed a DOCA and court-approved transfer of all Calidus shares for nil value, stating that the shares had no residual value or reasonable prospect of residual value and that former shareholders would receive no consideration. This was a serious employer outcome during/after his disclosed Project Development tenure; the sources reviewed do not link Brennan personally to Calidus financing decisions or cause of failure. The receivership is an employer-level outcome, not a personal misconduct finding.

Attribution: Role overlaps event; causation unproven. Calidus identifies him in project development in January 2024; no reviewed court or administrator material attributes the insolvency or mine cessation to him personally. Exact end date of his Calidus employment is not established.

Relevance: Relevant to assessment of project-development experience, but not evidence of individual responsibility for corporate distress.

Paul Brennan professional profile (Role chronology, lines 162-168); December Quarter Production Report (Management listing and December 2023 operating update, pages 1-2); DOCA effectuation and transfer of shares in Calidus Resources Limited completed (Court transfer decision and DOCA effectuation, pages 1-2)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-10-09 · analyst inference · low materiality

Half-year report confirms MD role; 2025 annual report records commencement 1 July 2025. A fuller prior-career chronology was not established in reviewed primary sources. This supports relevant disclosed experience for 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 Managing Director duties at Ballard Mining Limited.

Ballard Mining Half-Year Report 2026 (Corporate directory and directors’ report)

Evidence gaps

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• 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.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Calidus end-of-employment date and Brennan’s personal responsibility, if any, for its 2024 administration are not established in the reviewed records.

• No broad ASIC, court, sanctions, criminal or credential-register search can be treated as exhaustive.

Career chronology

• Current at roster date 2026-09-26: Ballard Mining Limited — Executive Director, Finance Director. Ballard Mining Half-Year Report 2026 (Executive roster / management listing; Tim Manners — Executive Director, Finance Director)

• Nearly seven years; exact start/end dates not established: Ramelius Resources Ltd. — Chief Financial Officer. Timothy Tim Manners director profile (Profile describes nearly seven years as CFO during company organic growth and corporate expansion; exact dates not specified.)

• Before Ballard appointment; exact dates not established: Wildcat Resources Ltd. — Chief Financial Officer. Timothy Tim Manners director profile (Profile identifies recent CFO role at Wildcat; separate company annual report records appointment during 2023, effective January 2024.)

• March 2022 to 14 July 2025: Delta Lithium Ltd. — Non-Executive Director. Resignation of Director (Delta ASX resignation release states appointed March 2022 and resigned 14 July 2025.)

• Current at cutoff: Ballard Mining Limited — Finance Director. Ballard Mining Half-Year Report 2026 (Directors’ report lists appointment date as 1 July 2025.)

Education and qualifications

Finance professional with extensive resources-sector experience

Reported career background accessed 2026-10-09 · issuer reported · low materiality

Ballard’s company and annual-report disclosures describe more than 25 years in resources finance/accounting and identify Tim Manners as a finance professional. A prior issuer annual report (Delta Lithium, search-result review only) lists Bachelor of Business (Accounting), FCA, AGIA and MAICD, but was inaccessible on direct open and is not relied on here as a verified credential. This public review therefore does not independently verify his qualifications or memberships.

Attribution: Responsibility not applicable. Career qualification details beyond the Ballard profile were not independently verified against institutions or professional registers.

Relevance: Relevant to current finance-director duties.

Timothy Tim Manners director profile (Career summary, lines 82-86)

Contributions and company outcomes

Ballard raised A$61 million while Manners was Finance Director

2026-01-23 · documented · medium materiality

Ballard announced a A$61.0 million placement on 23 January 2026. The release specifies cash plus placement proceeds totalling A$89.8 million, proposed uses and names Manners as Finance Director alongside the Managing Director. This establishes a completed financing during his tenure, not an individual causal contribution or a delivered mine-development outcome.

Attribution: Role overlaps event; causation unproven. Manners held the Finance Director role; the announcement is board-authorised and makes no single-person attribution.

Relevance: Capital access and funds management are directly relevant to the current role.

Successful $61M Placement – Ballard Funded to Final Investment Decision (Placement sources/uses table and authorization, pages 1-4)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-10-09 · analyst inference · low materiality

Half-year report confirms Finance Director role; annual report records commencement 1 July 2025. A fuller prior-career chronology was not established in reviewed primary sources. This supports relevant disclosed experience for Executive Director, Finance 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 Director, Finance Director duties at Ballard Mining Limited.

Ballard Mining Half-Year Report 2026 (Corporate directory and directors’ report)

Evidence gaps

• Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• 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.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Exact start/end dates across prior CFO appointments and independent checks of accounting credentials/memberships were not established in the public sources reviewed.

Career chronology

• Current at roster date 2026-09-26: Ballard Mining Limited — Chief Geologist. Ballard Mining Half-Year Report 2026 (Executive roster / management listing; Todd Hibberd — Chief Geologist)

• Prior to joining Ballard; exact dates not disclosed: Newmont Australia — Exploration, resource estimation, mine development, feasibility studies and production roles. High Grade Infill Results & Exploration Drilling Underway (Appointment release describes expertise at Newmont Australia but does not provide dates or job titles.)

Education and qualifications

Geology executive with Newmont experience; formal qualifications not established

Appointment and disclosures through 2026-10-09 · issuer reported · low materiality

Ballard’s appointment announcement says Hibberd held exploration, resource estimation, mine development, feasibility and production roles at Newmont Australia and identifies him as an AusIMM Competent Person for the Mt Ida Mineral Resource. It does not disclose his degrees or exact Newmont titles/dates. The LinkedIn profile surfaced in search results but was not opened, so no education or membership details are relied upon.

Attribution: Responsibility not applicable. Appointment announcement is issuer-reported; education and professional-register status were not independently verified.

Relevance: Relevant to resource estimation, exploration management and technical disclosure.

High Grade Infill Results & Exploration Drilling Underway (Appointment and qualifications, pages 2 and 8); Ballard Mining Half-Year Report 2026 (Performance-rights note and KMP identity)

Contributions and company outcomes

Ballard expanded the Mt Ida resource during Hibberd’s tenure

2025-08 to 2026-03 · issuer reported · low materiality

Ballard reported a 10.3 Mt at 3.3 g/t Au, 1.1 Moz Mineral Resource in July 2025, shortly before Hibberd commenced on 4 August 2025. During his tenure Ballard continued exploration and its half-year report describes widespread mineralisation from regional drilling. The source set reviewed here does not confirm a mine reserve, completed feasibility study, construction or production attributable to Hibberd; a resource and exploration target are not delivered operating outcomes.

Attribution: Role overlaps event; causation unproven. Hibberd commenced after the July 2025 baseline resource; subsequent exploration reporting identifies him as Competent Person, but project-level drilling results are not personal production outcomes.

Relevance: Relevant technical track record, while development and production delivery remain unproven.

High Grade Infill Results & Exploration Drilling Underway (Appointment begins 4 August 2025 and pre-appointment MRE, pages 2 and 8); Ballard Mining Half-Year Report 2026 (Operations review and regional exploration results, pages 5-7)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-10-09 · analyst inference · low materiality

Half-year report identifies exploration/technical role; company presentation reports prior geology roles, but primary credential/employment confirmation remains limited. This supports relevant disclosed experience for Chief Geologist, 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 Chief Geologist duties at Ballard Mining Limited.

Ballard Mining Half-Year Report 2026 (Exploration review / technical references)

Evidence gaps

• Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• 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.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Newmont job titles/dates, formal degree(s), and independent validation of the self-reported Dip. Bus. (FLM) and memberships are not established.

Career chronology

• Current at roster date 2026-09-26: Ballard Mining Limited — Company Secretary. Ballard Mining Half-Year Report 2026 (Executive roster / management listing; Loren Falconer — Company Secretary)

Education and qualifications

Qualified Chartered Accountant with resources-sector company-secretarial experience

As reported in FY2025 annual report · issuer reported · low materiality

Ballard’s 2025 annual report states that Falconer was appointed Company Secretary on 13 March 2025, is a qualified Chartered Accountant, has over 14 years in the mining/resource sector, and had worked as a Financial Controller and Administrator for ASX-listed resources companies including MACA and PLS. The report does not specify exact prior dates or institutions; qualifications were not independently verified.

Attribution: Responsibility not applicable. Company-reported biography; no direct membership/credential register check was performed.

Relevance: Relevant to company-secretarial, financial-control and public-company compliance duties.

Ballard Mining Annual Report 2025 (Directors’ report, Company Secretary biography, p. 23)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-10-09 · analyst inference · low materiality

Annual report states appointment date 13 March 2025, Chartered Accountant qualification, financial-controller/administrator work at resources issuers including MACA and PLS, and 14+ years’ experience. 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 Ballard Mining Limited.

Ballard Mining Annual Report 2025 (Company Secretary section, printed p. 23)

Evidence gaps

• Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• 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.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Earlier employer dates, degree institution and current CA membership standing were not independently verified; no exhaustive public-record check is implied.