Bannerman Energy Ltd

Career chronology

• 2009–2011, based in Namibia: Bannerman Mining Resources (Namibia) — General Manager. Bannerman Energy Annual Report 2026 (Board and executives, p. 3; Brandon biography)

• CEO/MD from 9 March 2016; Executive Chairman from 7 March 2024; resigned MD 3 March 2026: Bannerman Energy Ltd — Chief Executive Officer and Managing Director. Bannerman Energy Annual Report 2026 (Board and executives, p. 3; term of office)

• Four years; exact dates not specified: World Nuclear Association — Co-Chair, Nuclear Fuel Demand Working Group. Bannerman Energy Annual Report 2026 (Board and executives, p. 3; experience)

• Namibia-based 2009–2015; exact dates by role not specified: Namibian Uranium Association / Namibian Chamber of Mines / Save the Rhino Trust Namibia — Governance Advisor / Mining Charter Strategic Advisor / Trustee. Bannerman Energy Annual Report 2026 (Board and executives, p. 3; experience)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

LLB, B.Econ, Graduate Diploma Applied Finance; GAICD and F Fin. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 3; biography and role terms); Directors and Management (Individual leadership profile)

Industrial safety

Etango recorded its first lost-time injury after a 16-year incident-free period

2026-09-02; status checked through 2026-11-02 · issuer reported · medium materiality

Bannerman’s 29 September 2026 update says a contractor employee operating a compactor suffered a hairline fracture to his left foot on 2 September 2026. It was the project’s first lost-time injury and first in more than 16 years. The FY2026 annual report separately says there were no LTIs during the year ended 30 June 2026 and reports one million LTI-free hours in May 2026; those statements are period-consistent because the injury occurred after year end. The issuer called it a “reset” and said it would reinforce personal safety; no regulator investigation, prosecution, corrective-action finding or later medical outcome was located by the 2 November 2026 cutoff. Munro was Executive Chairman through the cutoff and chaired the board during the period; no personal involvement in the incident is established. The 29 October quarterly report restated the 2 September incident and the company’s safety-leadership response; no later regulator or corrective-action disposition was located by the 2 November cutoff.

Attribution: Role overlaps event; causation unproven. Munro was Executive Chairman through the cutoff and chaired the board during the period; no personal involvement in the incident is established.

Relevance: Safety leadership and contractor controls are material as Etango shifts from early works to full construction.

Etango Construction Early Works Update – September 2026 (Workforce and safety; incident date, contractor task and injury); Bannerman Energy Annual Report 2026 (Directors’ report, pp. 19–20; no FY2026 LTI and one million LTI-free hours by May 2026); Quarterly Activities Report for period ended 30 September 2026 (p. 4; 2 September contractor LTI and injury details)

Litigation and enforcement

Etango title challenge settlement was completed during Bannerman leadership

2008 settlement; July–December 2023 amendment and completion · documented · medium materiality

Bannerman’s 2023 annual report describes a 17 December 2008 settlement with Savanna Marble CC arising from a legal challenge to the company’s rights to Etango’s Exclusive Prospecting Licence. A July 2023 addendum revised the post-consolidation share tranche to 1,250,000 shares and retained A$500,000 cash, expressly to avoid a potential dispute about settlement operation. The Etango mining licence was received on 14 December 2023; the 2025 annual report states settlement consideration was granted on 20 December 2023, extinguishing the provision. The legal challenge was against Bannerman’s project rights, and these sources do not name or implicate these executives personally. Munro was Managing Director and CEO at the time of the July 2023 amendment and remained Executive Chairman at settlement; no source links him personally to the original litigation or its terms.

Attribution: Role overlaps event; causation unproven. The subject held a senior company role during the 2023 amendment/completion period, but the filings provide no individual link to the original dispute, negotiation, or payment and report no finding of misconduct.

Relevance: Etango tenure/title is foundational to the project; resolving the old title-related settlement was material to project readiness and governance continuity.

Bannerman Energy Annual Report 2023 (Directors’ report pp. 12–13; Note 14(c) Litigation Settlement, pp. 50–51; legal challenge and July 2023 addendum); Bannerman Energy Annual Report 2025 (Notes to the financial statements; Savanna settlement note, printed p. 65; December 2023 licence and settlement consideration)

Governance and interests

Board and Product Offtake Committee transition

2026-10-15 · issuer reported · low materiality

Bannerman reported on 15 October 2026 that non-executive director Danny Goeman resigned from the Board and Product Offtake Committee because of additional time demands associated with a health issue within his family. The company withdrew two AGM resolutions as a result. The announcement was approved by Executive Chairman Munro; it reports a personal reason and no misconduct, disagreement or conflict.

Attribution: Role overlaps event; causation unproven. Munro was Executive Chairman and approved the release; the resignation was Goeman’s and the source does not connect Munro to the personal circumstances or departure.

Relevance: Board and product-offtake committee continuity during the transition to full-scale Etango construction.

Non-Executive Director Resignation (Board resignation announcement; stated reason and release approval)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-11-02 · analyst inference · low materiality

The 2026 annual report dates Munro’s early Bannerman General Manager role to 2009–2011, CEO/MD tenure from 2016, Executive Chair appointment to 2024, and resignation as MD on 3 March 2026. It reports legal/resources experience, Namibian governance roles, WNA leadership and degrees/professional designations. During his long leadership, Etango progressed from development studies into early works, offtake, major funding and a strategic joint venture; it had not reached commercial production by the earlier cutoff; by 2 November 2026, the Etango JV had taken positive FID and moved into full-scale construction, while production remained a future target. These are company outcomes with board/CEO oversight overlap, not proof that he personally caused delivery.

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

Relevance: Relevant to current Executive Chairman duties at Bannerman Energy Ltd.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 3; biography and role terms); Directors and Management (Issuer leadership profile; individual biography)

Evidence gaps

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

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

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Etango had not achieved commercial production by the cutoff; development milestones cannot yet establish operating performance or sustained safety/environment outcomes.

Career chronology

• Before joining Bannerman in February 2023; exact appointment date not established: Kore Potash Limited — Chief Operating Officer. Directors and Management (Gavin profile; prior COO experience)

• Prior to Bannerman; exact dates not stated in issuer source: AMEC Foster Wheeler / Wood plc — Regional Director, Mining and Minerals Africa. Directors and Management (Gavin profile; prior roles)

• Prior role; project subsequently operating; exact dates not specified: Husab Uranium Project, Namibia — Project Director responsible for development of US$2bn project. Directors and Management (Gavin profile; Husab experience)

• COO from February 2023; CEO from March 2024; Managing Director from 3 March 2026: Bannerman Energy / Bannerman Mining Resources Namibia — COO from February 2023; CEO from March 2024; Managing Director from 3 March 2026. Bannerman Energy Annual Report 2026 (Directors’ report, p. 4; CEO/MD chronology); Exclusive Interview with Bannerman’s new COO, Gavin Chamberlain (Interview, “Tell us about yourself” and role sections; civil engineering, Wits diploma, Husab project director)

• Active on the Companies House officers page; appointed 15 May 2024: Bannerman Energy (UK) Limited — Active director. Bannerman Energy (UK) Limited officers (Gavin Chamberlain; active director and appointment date)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

BSc Civil Engineering, Graduate Diploma in Waste and Geotechnical Design; Pr Eng and GAICD. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 4; biography and role terms); Directors and Management (Individual leadership profile)

Contributions and company outcomes

Etango JV reached positive FID with a funded construction pathway

2026 Q3; positive FID announced 2026-10-23 · issuer reported · medium materiality

On 23 October 2026 Bannerman announced that the Etango JV (Bannerman 55%, CNOL 45%; the JV owns 95% of the project) had taken positive FID. The release estimated pre-production capex at US$353 million (+/-10%), reported US$64 million incurred through 30 September, and said remaining forecast capex was funded from Etango JV cash; Bannerman’s residual working-capital share was covered by its reported cash balance. The 29 October quarterly report said early works remained aligned with budget and schedule and bulk earthworks were about 99% complete. First production is targeted for 2028, so this is a development milestone, not delivered operating production. Chamberlain was Managing Director and CEO and was quoted on the decision and progress, but the FID was an Etango JV decision and the sources do not establish his individual causation of the result.

Attribution: Role overlaps event; causation unproven. Company-level JV and project milestone during Chamberlain’s CEO/MD tenure; no personal causation established.

Relevance: Etango moved from early works to full-scale construction, increasing delivery, capital, safety and execution demands for the executive team.

Positive Final Investment Decision for Etango Mine (pp. 1–2; FID, ownership, capex, cash and CEO commentary); Quarterly Activities Report for period ended 30 September 2026 (pp. 2 and 4; progress, budget/schedule status and FID)

Industrial safety

Etango recorded its first lost-time injury after a 16-year incident-free period

2026-09-02; status checked through 2026-11-02 · issuer reported · medium materiality

Bannerman’s 29 September 2026 update says a contractor employee operating a compactor suffered a hairline fracture to his left foot on 2 September 2026. It was the project’s first lost-time injury and first in more than 16 years. The FY2026 annual report separately says there were no LTIs during the year ended 30 June 2026 and reports one million LTI-free hours in May 2026; those statements are period-consistent because the injury occurred after year end. The issuer called it a “reset” and said it would reinforce personal safety; no regulator investigation, prosecution, corrective-action finding or later medical outcome was located by the 2 November 2026 cutoff. Chamberlain was CEO and, from 3 March 2026, Managing Director; this creates senior-management oversight overlap, not evidence of personal causation. The 29 October quarterly report restated the 2 September incident and the company’s safety-leadership response; no later regulator or corrective-action disposition was located by the 2 November cutoff.

Attribution: Role overlaps event; causation unproven. Chamberlain was CEO and, from 3 March 2026, Managing Director; this creates senior-management oversight overlap, not evidence of personal causation.

Relevance: Safety leadership and contractor controls are material as Etango shifts from early works to full construction.

Etango Construction Early Works Update – September 2026 (Workforce and safety; incident date, contractor task and injury); Bannerman Energy Annual Report 2026 (Directors’ report, pp. 19–20; no FY2026 LTI and one million LTI-free hours by May 2026); Quarterly Activities Report for period ended 30 September 2026 (p. 4; 2 September contractor LTI and injury details)

Litigation and enforcement

Etango title challenge settlement was completed during Bannerman leadership

2008 settlement; July–December 2023 amendment and completion · documented · medium materiality

Bannerman’s 2023 annual report describes a 17 December 2008 settlement with Savanna Marble CC arising from a legal challenge to the company’s rights to Etango’s Exclusive Prospecting Licence. A July 2023 addendum revised the post-consolidation share tranche to 1,250,000 shares and retained A$500,000 cash, expressly to avoid a potential dispute about settlement operation. The Etango mining licence was received on 14 December 2023; the 2025 annual report states settlement consideration was granted on 20 December 2023, extinguishing the provision. The legal challenge was against Bannerman’s project rights, and these sources do not name or implicate these executives personally. Chamberlain was COO from February 2023 and therefore overlapped the amendment and settlement period; the company filings do not attribute the negotiation or payment to him personally.

Attribution: Role overlaps event; causation unproven. The subject held a senior company role during the 2023 amendment/completion period, but the filings provide no individual link to the original dispute, negotiation, or payment and report no finding of misconduct.

Relevance: Etango tenure/title is foundational to the project; resolving the old title-related settlement was material to project readiness and governance continuity.

Bannerman Energy Annual Report 2023 (Directors’ report pp. 12–13; Note 14(c) Litigation Settlement, pp. 50–51; legal challenge and July 2023 addendum); Bannerman Energy Annual Report 2025 (Notes to the financial statements; Savanna settlement note, printed p. 65; December 2023 licence and settlement consideration)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-11-02 · analyst inference · low materiality

Bannerman’s 2026 annual report and earlier appointment materials identify more than 30 years in construction, engineering and project management; civil engineering and waste/geotechnical qualifications; prior COO of Kore Potash, Regional Director at AMEC Foster Wheeler and Project Director for the US$2bn Husab uranium development. Bannerman appointed him COO in February 2023, CEO in March 2024 and Managing Director on 3 March 2026. His operating-project background is closely relevant. The Etango JV took positive FID on 23 October 2026 and moved toward full-scale construction; it had not yet produced uranium by the updated cutoff.

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

Relevance: Relevant to current Managing Director, Chief Executive Officer duties at Bannerman Energy Ltd.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 4; biography and role terms); Directors and Management (Issuer leadership profile; individual biography); Exclusive Interview with Bannerman’s new COO, Gavin Chamberlain (Interview, lines 9–11 and 20; education and Husab responsibility)

Evidence gaps

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

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

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Etango had not achieved commercial production by the cutoff; development milestones cannot yet establish operating performance or sustained safety/environment outcomes.

• Husab/Kore Potash tenure dates and any specific responsibilities for project outcomes are not fully documented in the reviewed source set.

• The Chamber of Mines Council page shows “G. Chamberlain Alternate Member” beside Bannerman Mining Resources Namibia but does not spell out the first name or appointment date; this is not treated as a confirmed Gavin Chamberlain council role.

Career chronology

• Earlier career; exact dates unavailable: BHP Limited / BHP Iron Ore — Global Financial Controller; subsequent special projects. Bannerman Energy Annual Report 2026 (Board and executives, p. 6; experience)

• Before Bannerman; firm not named: National accounting/advisory firm — Partner. Bannerman Energy Annual Report 2026 (Board and executives, p. 6; experience)

• Appointed 24 January 2022: Bannerman Energy Ltd — CFO and Joint Company Secretary. Bannerman Energy Annual Report 2026 (Board and company secretaries, p. 6)

• Appointed 18 May 2023: Namibia Critical Metals Inc. — Director; Audit Committee Chair; Remuneration Committee member. Bannerman Energy Annual Report 2026 (Board and executives, p. 6; NMI directorship)

• Active on the Companies House officers page; appointed 24 September 2026: Bannerman Energy (UK) Limited — Active director. Bannerman Energy (UK) Limited officers (Stephen Herlihy; active director and appointment date)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

B.Bus (Accounting), Graduate Diploma Applied Finance, MBA; CA, CTA, FCPA, F Fin and FGIA. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 6; biography and role terms); Directors and Management (Individual leadership profile)

Litigation and enforcement

Etango title challenge settlement was completed during Bannerman leadership

2008 settlement; July–December 2023 amendment and completion · documented · medium materiality

Bannerman’s 2023 annual report describes a 17 December 2008 settlement with Savanna Marble CC arising from a legal challenge to the company’s rights to Etango’s Exclusive Prospecting Licence. A July 2023 addendum revised the post-consolidation share tranche to 1,250,000 shares and retained A$500,000 cash, expressly to avoid a potential dispute about settlement operation. The Etango mining licence was received on 14 December 2023; the 2025 annual report states settlement consideration was granted on 20 December 2023, extinguishing the provision. The legal challenge was against Bannerman’s project rights, and these sources do not name or implicate these executives personally. Herlihy was CFO and Company Secretary during the amendment/settlement period; the company filings do not attribute the negotiation or payment to him personally.

Attribution: Role overlaps event; causation unproven. The subject held a senior company role during the 2023 amendment/completion period, but the filings provide no individual link to the original dispute, negotiation, or payment and report no finding of misconduct.

Relevance: Etango tenure/title is foundational to the project; resolving the old title-related settlement was material to project readiness and governance continuity.

Bannerman Energy Annual Report 2023 (Directors’ report pp. 12–13; Note 14(c) Litigation Settlement, pp. 50–51; legal challenge and July 2023 addendum); Bannerman Energy Annual Report 2025 (Notes to the financial statements; Savanna settlement note, printed p. 65; December 2023 licence and settlement consideration)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-11-02 · analyst inference · low materiality

Bannerman reports Herlihy is a Chartered Accountant with 30+ years’ resources experience, including BHP Iron Ore Global Financial Controller and special projects, a later accounting/advisory partnership, and project finance/M&A work. The annual report lists BBus (Accounting), Graduate Diploma Applied Finance, MBA, CA/CTA/FCPA/FINSIA/FGIA and his CFO/Joint Company Secretary appointment on 24 January 2022. These duties and credentials are relevant, though prior titles/dates and credential-register verification remain incomplete.

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

Relevance: Relevant to current Chief Financial Officer, Joint Company Secretary duties at Bannerman Energy Ltd.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 6; biography and role terms); Directors and Management (Issuer leadership profile; individual biography)

Evidence gaps

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

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

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Prior BHP dates, accounting-firm identity and role-by-role chronology are not disclosed in the cited issuer material.

• Gavin Chamberlain’s 29 October secondary transcript says CFO, CTO and Corporate Affairs recruitment was under way and unnamed successful candidates might start in early 2027; it does not identify a CFO candidate or say whether Stephen Herlihy’s role will be replaced or expanded.

Career chronology

• Exact appointment chronology not fully confirmed by Bannerman sources: Anthony Ho & Associates / Themis Corporate — Company-secretarial and governance consulting; partner (secondary profile says since 2006). Bannerman Energy Annual Report 2026 (Board and executives, p. 6; governance experience)

• Appointed 22 April 2025: Bannerman Energy Ltd — Joint Company Secretary. Bannerman Energy Annual Report 2026 (Board and company secretaries, p. 6)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

BCom (Accounting and Business Law), Graduate Diploma Applied Corporate Governance; FCG, FGIA and GAICD. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 6; biography and role terms); Directors and Management (Individual leadership profile)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-11-02 · analyst inference · low materiality

Bannerman appointed Logan Joint Company Secretary effective 22 April 2025. The 2026 annual report describes 20+ years in company-secretarial and governance compliance consulting, resources experience, BCom in Accounting and Business Law (Curtin), Graduate Diploma Applied Corporate Governance, and FCG/FGIA/GAICD designations. These are relevant to disclosure and governance; historical client chronology is not independently verified.

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

Relevance: Relevant to current Joint Company Secretary duties at Bannerman Energy Ltd.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 6; biography and role terms); Directors and Management (Issuer leadership profile; individual biography)

Evidence gaps

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

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

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• The sequence and exact dates of prior company-secretarial clients are not established by Bannerman’s official sources.

Career chronology

• Approximately prior decade through 2025; exact start date not stated: Debmarine Namibia — Head of Projects and Technology Development; EXCO member. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; career description)

• Since October 2025; appointed CEO on 23 October 2026: Bannerman Mining Resources Namibia — Chief Operating Officer. Positive Final Investment Decision for Etango Mine (p. 1; COO since October 2025); Directors and Management (Danie van Aswegen profile; still lists COO, superseded for current title by dated release)

• Acting CEO from 1 April 2026 until appointment as CEO on 23 October 2026: Bannerman Mining Resources Namibia — Acting Chief Executive Officer. Bannerman Energy Annual Report 2026 (Directors and executives; Namibia CEO transition); Positive Final Investment Decision for Etango Mine (p. 1; permanent CEO appointment)

• Appointed 23 October 2026: Bannerman Mining Resources Namibia — Chief Executive Officer. Positive Final Investment Decision for Etango Mine (p. 1; CEO appointment)

• Listed on the Council page accessed 2 November 2026; appointment date not stated: Chamber of Mines of Namibia — Council member representing Bannerman Mining Resources Namibia. Council Members (Council listing; Danie van Aswegen / Bannerman Mining Resources Namibia)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

BEng and Master of Project Management; degree institutions and exact award details are not named. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 7; biography and role terms); Directors and Management (Individual leadership profile)

Industrial safety

Etango recorded its first lost-time injury after a 16-year incident-free period

2026-09-02; status checked through 2026-11-02 · issuer reported · medium materiality

Bannerman’s 29 September 2026 update says a contractor employee operating a compactor suffered a hairline fracture to his left foot on 2 September 2026. It was the project’s first lost-time injury and first in more than 16 years. The FY2026 annual report separately says there were no LTIs during the year ended 30 June 2026 and reports one million LTI-free hours in May 2026; those statements are period-consistent because the injury occurred after year end. The issuer called it a “reset” and said it would reinforce personal safety; no regulator investigation, prosecution, corrective-action finding or later medical outcome was located by the 2 November 2026 cutoff. Van Aswegen was COO Namibia from 1 November 2025 and acting CEO of the Namibian subsidiary from 1 April 2026; operational oversight overlaps, but the company identifies the injured worker as a contractor and does not link the event to him personally. The 29 October quarterly report restated the 2 September incident and the company’s safety-leadership response; no later regulator or corrective-action disposition was located by the 2 November cutoff.

Attribution: Role overlaps event; causation unproven. Van Aswegen was COO Namibia from 1 November 2025 and acting CEO of the Namibian subsidiary from 1 April 2026; operational oversight overlaps, but the company identifies the injured worker as a contractor and does not link the event to him personally.

Relevance: Safety leadership and contractor controls are material as Etango shifts from early works to full construction.

Etango Construction Early Works Update – September 2026 (Workforce and safety; incident date, contractor task and injury); Bannerman Energy Annual Report 2026 (Directors’ report, pp. 19–20; no FY2026 LTI and one million LTI-free hours by May 2026); Quarterly Activities Report for period ended 30 September 2026 (p. 4; 2 September contractor LTI and injury details)

Environmental record

Issuer reports current permits and no FY2026 reportable environmental incidents

FY2026 to 30 June 2026 · issuer reported · low materiality

In its FY2026 annual report Bannerman says key Etango environmental clearance certificates remained valid, two independent environmental audits found no non-conformances, and no reportable environmental incidents occurred during the year ended 30 June 2026. It also states directors were unaware of material licence breaches. These are issuer-reported statements; the audit reports and regulator inspection files were not independently reviewed. Danie’s COO/acting CEO roles overlap with project-level operational oversight, but these issuer disclosures do not establish individual responsibility for audits or compliance.

Attribution: Role overlaps event; causation unproven. Danie’s COO/acting CEO roles overlap with project-level operational oversight, but these issuer disclosures do not establish individual responsibility for audits or compliance.

Relevance: Relevant to project permitting and environmental management during development, but evidence does not independently verify the company’s claims.

Bannerman Energy Annual Report 2026 (Directors’ report, printed pp. 19–20; environmental permits, audit and incident disclosures)

Suitability for the current role

Namibia CEO appointment adds documented project leadership responsibility

COO since October 2025; CEO appointment 2026-10-23 · analyst inference · low materiality

The 23 October 2026 FID announcement confirms van Aswegen was appointed CEO of Bannerman Mining Resources Namibia after serving as COO since October 2025. It describes more than 25 years in mining, engineering, project management and technology development, including project and technology leadership at Debmarine Namibia. The Etango FID was taken by the joint venture; the appointment and project milestone do not establish his personal causation of that decision or project outcomes.

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

Relevance: Relevant to current Chief Executive Officer (Acting), Bannerman Mining Resources (Namibia) (Pty) Ltd duties at Bannerman Energy Ltd.

Positive Final Investment Decision for Etango Mine (pp. 1–2; appointment, career summary and Etango JV FID); Bannerman Energy Annual Report 2026 (Directors and executives; prior COO and acting CEO dates)

Evidence gaps

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

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

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Etango had not achieved commercial production by the cutoff; development milestones cannot yet establish operating performance or sustained safety/environment outcomes.

• The 2 September contractor LTI was reported on 29 September 2026; the search did not locate a later regulator/corrective-action disposition by the 2 November 2026 cutoff.

• The issuer announced its 2026 Sustainability Report on 12 October 2026, but the attached PDF was not accessible in this refresh; environmental findings are not updated from that report.

Career chronology

• Before nuclear industry; dates not stated: Legrand — Senior sales roles. Directors and Management (Olga profile; earlier career)

• Part of prior 15-year nuclear-sector career; exact dates unavailable: AREVA (now Orano) — Deputy Chief Representative, Russia and CIS; business development/marketing. Directors and Management (Olga profile; prior roles)

• Before WNA; exact dates unavailable: TENEX — Head of Business Development, Americas; oversaw US enrichment-service sales. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; career description)

• Six years before joining Bannerman; since 2017 report role: World Nuclear Association — Senior Project Manager; Fuel Report Working Group lead; co-author/editor/head of biennial report. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; WNA report role)

• Since 29 May 2023: Bannerman Energy Ltd — Vice President, Market Strategy. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; term of office)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

MA (English) and Executive MBA (Antwerp Management School). The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 7; biography and role terms); Directors and Management (Individual leadership profile)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-11-02 · analyst inference · low materiality

Bannerman reports Skorlyakova’s prior AREVA/Orano, TENEX and World Nuclear Association roles; over 25 years in international business development and nuclear-fuel sales/market strategy; leadership of the WNA Fuel Report Working Group and publication; MA (English) and EMBA; and appointment on 29 May 2023. This is directly relevant to uranium market strategy/offtake. The reviewed sources do not provide independently measured commercial outcomes specifically attributable to her.

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

Relevance: Relevant to current Vice President, Market Strategy duties at Bannerman Energy Ltd.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 7; biography and role terms); Directors and Management (Issuer leadership profile; individual biography)

Evidence gaps

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

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

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Commercial sales/offtake outcomes personally attributable to Skorlyakova are not publicly quantified in the reviewed issuer sources.

Career chronology

• Approximately 10 years early career; dates unavailable: Alcoa — Manager, Global Corporate Development; Business Development and Commercial/Marketing Specialist. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; career)

• Before Peak Rare Earths; dates not specified: Azure Capital — Senior Associate. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; career)

• Before Bannerman; exact dates not specified: Peak Rare Earths — Head of Corporate Development and Investor Relations. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; career)

• Since 28 January 2025: Bannerman Energy Ltd — Vice President, Corporate Development. Bannerman Energy Annual Report 2026 (Board and executives, p. 7; term of office)

• Active on the Companies House officers page; appointed 24 September 2026: Bannerman Energy (UK) Limited — Active director. Bannerman Energy (UK) Limited officers (Matthew Horgan; active director and appointment date)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

BEng (Hons), MBA, GAICD and MAusIMM. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 7; biography and role terms); Directors and Management (Individual leadership profile)

Suitability for the current role

Role fit remains only partly evidenced

Current appointment through 2026-11-02 · analyst inference · low materiality

Bannerman’s FY2026 annual report dates Horgan’s VP Corporate Development appointment to 28 January 2025, reports BEng (Hons), MBA, GAICD and MAusIMM, and summarizes approximately ten years at Alcoa, a Senior Associate role at Azure Capital and Head of Corporate Development/Investor Relations at Peak Rare Earths. These technical, commercial and corporate-development roles are relevant to financing and project development; specific earlier dates and personally attributable outcomes are not established.

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

Relevance: Relevant to current Vice President, Corporate Development duties at Bannerman Energy Ltd.

Bannerman Energy Annual Report 2026 (Directors and executives; p. 7; biography and role terms); Directors and Management (Issuer leadership profile; individual biography)

Evidence gaps

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

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

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Specific prior project transactions and measurable individual outcomes at Alcoa, Azure Capital or Peak Rare Earths are not established.

• The 29 October secondary transcript describes unnamed CFO, CTO and Corporate Affairs recruitment for early 2027; no candidate is identified and no transition affecting Horgan is stated.

Career chronology

• Earlier legal career; dates unavailable: Corrs Chambers Westgarth — Senior lawyer. Directors and Management (Melvin Yeo profile; career)

• Later career before Bannerman; dates unavailable: Wesfarmers Limited — Senior legal role / legal counsel. Directors and Management (Melvin Yeo profile; career)

• Current at cutoff; exact start date not stated in reviewed issuer source: Bannerman Energy Ltd — Chief Legal Counsel. Directors and Management (Melvin Yeo profile; current role)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

LLB (Hons), University of Western Australia; Graduate Diploma Applied Finance and AICD Company Directors Course. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; individual biography; biography and role terms); Directors and Management (Individual leadership profile)

Suitability for the current role

Public evidence does not yet establish full role fit

Current role at 2026-11-02 · analyst inference · low materiality

The issuer describes more than 25 years as a corporate lawyer/company director, prior senior legal roles at Corrs Chambers Westgarth and Wesfarmers, corporate transaction and international exploration experience, a UWA LLB (Hons), applied finance graduate diploma and AICD Company Directors Course. These capabilities are relevant to legal/governance work. Specific date-by-date role history and independent admission/qualification verification were not completed.

Attribution: Responsibility not applicable. This is a limited analyst inference about role relevance, not a claim of personal contribution or responsibility.

Relevance: Chief Legal Counsel supports the company’s operations and governance.

Bannerman Energy Annual Report 2026 (Directors and executives; individual biography; biography and role terms); Directors and Management (Issuer leadership profile; individual biography)

Evidence gaps

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Exact employment dates and a complete list of directorships or mineral-exploration ventures are not available in the reviewed issuer profile.

Career chronology

• Multi-decade career; exact dates not stated: Homestake Mining Company / Barrick Gold Corporation — Mining/milling operations, project development, project leadership. Directors and Management (John Turney profile; prior employers)

• Before Bannerman; dates not stated: Bateman Engineering — General Manager Leaching. Directors and Management (John Turney profile; prior role)

• Company biography states successful development of projects; roles/dates vary and are not detailed: Cowal / Tulawaka / Eskay Creek projects — Project development leadership. Directors and Management (John Turney profile; project outcomes)

• Current at cutoff; start date unknown in current profile: Bannerman Energy Ltd — Project Advisor – Etango. Directors and Management (John Turney profile; current role)

• Appointed 31 August 2009; later issuer profile lists Project Advisor–Etango, but title-transition date is not established: Bannerman Resources Limited — Project Director, Etango. Bannerman Resources Annual Report 2010 (printed pp. 19–20; term of office and Etango responsibility); Directors and Management (Current issuer profile; Project Advisor–Etango title)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

BEng (Chemical), MSc (Metallurgical Engineering), FAusIMM. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; individual biography; biography and role terms); Directors and Management (Individual leadership profile)

Industrial safety

Etango recorded its first lost-time injury after a 16-year incident-free period

2026-09-02; status checked through 2026-11-02 · issuer reported · medium materiality

Bannerman’s 29 September 2026 update says a contractor employee operating a compactor suffered a hairline fracture to his left foot on 2 September 2026. It was the project’s first lost-time injury and first in more than 16 years. The FY2026 annual report separately says there were no LTIs during the year ended 30 June 2026 and reports one million LTI-free hours in May 2026; those statements are period-consistent because the injury occurred after year end. The issuer called it a “reset” and said it would reinforce personal safety; no regulator investigation, prosecution, corrective-action finding or later medical outcome was located by the 2 November 2026 cutoff. Turney’s project-advisory role overlapped with the Etango project; no personal or supervisory link to the contractor’s task was disclosed. The 29 October quarterly report restated the 2 September incident and the company’s safety-leadership response; no later regulator or corrective-action disposition was located by the 2 November cutoff.

Attribution: Role overlaps event; causation unproven. Turney’s project-advisory role overlapped with the Etango project; no personal or supervisory link to the contractor’s task was disclosed.

Relevance: Safety leadership and contractor controls are material as Etango shifts from early works to full construction.

Etango Construction Early Works Update – September 2026 (Workforce and safety; incident date, contractor task and injury); Bannerman Energy Annual Report 2026 (Directors’ report, pp. 19–20; no FY2026 LTI and one million LTI-free hours by May 2026); Quarterly Activities Report for period ended 30 September 2026 (p. 4; 2 September contractor LTI and injury details)

Suitability for the current role

Long Etango project leadership is documented, while later responsibilities remain less specific

Project Director from 2009-08-31; current Project Advisor listed in 2026; title transition date unknown · analyst inference · low materiality

Bannerman’s 2010 Annual Report lists Turney as Project Director from 31 August 2009 and says he had overall responsibility for Etango development, reporting to the CEO. The current issuer profile lists him as Project Advisor–Etango but does not give the title-change date or detail his later responsibilities. The issuer also describes more than 40 years in resources, operating and development roles at Homestake and Barrick, prior General Manager Leaching at Bateman Engineering, and successful development work at Cowal, Tulawaka and Eskay Creek. This experience is relevant to Etango, but the reviewed materials do not attribute specific later project outcomes to him.

Attribution: Responsibility not applicable. This is a limited analyst inference about role relevance, not a claim of personal contribution or responsibility.

Relevance: Project Advisor – Etango supports the company’s operations and governance.

Bannerman Energy Annual Report 2026 (Directors and executives; individual biography; biography and role terms); Directors and Management (Issuer leadership profile; individual biography); Bannerman Resources Annual Report 2010 (printed pp. 19–20; role commencement and Etango responsibility)

Evidence gaps

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• The 2010 annual report dates Turney’s Etango Project Director appointment to 31 August 2009; the transition date to his current Project Advisor title and details of later responsibilities are not established.

Career chronology

• Specific roles and dates not supplied in current biography: KCGM, Anvil Mining, Resolute — Environmental/social/governance and Group HSEC engagements. Directors and Management (Jim Bawden profile; engagements); Jim Bawden Capability Statement (Capability statement; HSEC and resource-sector experience)

• More than 30 years in resources; exact employer chronology unavailable: Mining companies and government — Environmental regulation, permitting, water/waste/air quality, community consultation. Directors and Management (Jim Bawden profile; career)

• Current at cutoff; start date unknown in current profile: Bannerman Energy Ltd — Sustainability Manager. Directors and Management (Jim Bawden profile; current role)

Education and qualifications

Qualifications and professional designations disclosed by issuer

As reported in FY2026 annual report/current issuer profile · issuer reported · low materiality

BSc (Environmental Science), PhD (Hydrogeochemistry), FAusIMM. The annual report and issuer biography report these qualifications; no direct verification with awarding institutions or professional registers was completed.

Attribution: Individual involvement documented. Issuer sources state the credentials; independent verification has not been completed.

Relevance: Qualifications are relevant to the executive’s disclosed function.

Bannerman Energy Annual Report 2026 (Directors and executives; individual biography; biography and role terms); Directors and Management (Individual leadership profile)

Industrial safety

Etango recorded its first lost-time injury after a 16-year incident-free period

2026-09-02; status checked through 2026-11-02 · issuer reported · medium materiality

Bannerman’s 29 September 2026 update says a contractor employee operating a compactor suffered a hairline fracture to his left foot on 2 September 2026. It was the project’s first lost-time injury and first in more than 16 years. The FY2026 annual report separately says there were no LTIs during the year ended 30 June 2026 and reports one million LTI-free hours in May 2026; those statements are period-consistent because the injury occurred after year end. The issuer called it a “reset” and said it would reinforce personal safety; no regulator investigation, prosecution, corrective-action finding or later medical outcome was located by the 2 November 2026 cutoff. Bawden’s sustainability role is relevant to project management systems, but no personal responsibility for this contractor safety incident was disclosed. The 29 October quarterly report restated the 2 September incident and the company’s safety-leadership response; no later regulator or corrective-action disposition was located by the 2 November cutoff.

Attribution: Role overlaps event; causation unproven. Bawden’s sustainability role is relevant to project management systems, but no personal responsibility for this contractor safety incident was disclosed.

Relevance: Safety leadership and contractor controls are material as Etango shifts from early works to full construction.

Etango Construction Early Works Update – September 2026 (Workforce and safety; incident date, contractor task and injury); Bannerman Energy Annual Report 2026 (Directors’ report, pp. 19–20; no FY2026 LTI and one million LTI-free hours by May 2026); Quarterly Activities Report for period ended 30 September 2026 (p. 4; 2 September contractor LTI and injury details)

Environmental record

Issuer reports current permits and no FY2026 reportable environmental incidents

FY2026 to 30 June 2026 · issuer reported · low materiality

In its FY2026 annual report Bannerman says key Etango environmental clearance certificates remained valid, two independent environmental audits found no non-conformances, and no reportable environmental incidents occurred during the year ended 30 June 2026. It also states directors were unaware of material licence breaches. These are issuer-reported statements; the audit reports and regulator inspection files were not independently reviewed. The report concerns project-level controls relevant to the Sustainability Manager’s remit; it does not establish that Bawden performed the audits or certify the absence of undiscovered issues.

Attribution: Role overlaps event; causation unproven. The report concerns project-level controls relevant to the Sustainability Manager’s remit; it does not establish that Bawden performed the audits or certify the absence of undiscovered issues.

Relevance: Relevant to project permitting and environmental management during development, but evidence does not independently verify the company’s claims.

Bannerman Energy Annual Report 2026 (Directors’ report, printed pp. 19–20; environmental permits, audit and incident disclosures)

Suitability for the current role

Public evidence does not yet establish full role fit

Current role at 2026-11-02 · analyst inference · low materiality

The issuer describes more than 30 years in resources, including ESG/HSEC work on KCGM, Anvil Mining and Resolute; mining and environmental-regulation engagements in Australia and Africa; water, waste, air-quality and permitting expertise; and BSc Environmental Science, PhD Hydrogeochemistry and FAusIMM. This fits sustainability work at a uranium project, but specific role dates and independently verified credentials are absent.

Attribution: Responsibility not applicable. This is a limited analyst inference about role relevance, not a claim of personal contribution or responsibility.

Relevance: Sustainability Manager supports the company’s operations and governance.

Bannerman Energy Annual Report 2026 (Directors and executives; individual biography; biography and role terms); Directors and Management (Issuer leadership profile; individual biography); Jim Bawden Capability Statement (Capability statement; education, HSEC capability and multi-country experience)

Evidence gaps

• Logged open-web searches are scoped rather than exhaustive; no comprehensive criminal, sanctions, court, regulator, professional-discipline or credential-register search was completed.

• Underlying FY2026 audit reports and independent site/regulator inspection records were not reviewed.

• The issuer announced its 2026 Sustainability Report on 12 October 2026, but the attached PDF was not accessible in this refresh; environmental findings are not updated from that report.