Stephen Herlihy

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.