Cobre Limited

Career chronology

• Co-founder; executive services agreement commenced 21 Nov 2019; current at cutoff: Cobre Limited — Co-founder and Executive Chairman. Cobre Limited Annual Report 2025 (Directors’ Report, p. 10; service agreement, p. 16)

• 2015–2018: Lithium Power International — Founder and Chief Executive Officer. Lithium Power International Annual Report 2016 (Directors’ Report, director appointment table, p. 11); Notice of Annual General Meeting (Information about Martin C Holland)

• Concurrent listed-company directorships disclosed in FY2025 annual report and 2026 notice: Armada Metals / Rapid Critical Metals — Executive director / non-executive director. Cobre Limited Annual Report 2025 (Directors’ Report, p. 10); Notice of Annual General Meeting (Information about Martin C Holland)

Contributions and company outcomes

LPI advanced through listing and feasibility work during Holland’s CEO tenure

2015–2018 · issuer reported · medium materiality

LPI’s 2016 annual report says Holland was CEO from the company’s establishment in July 2015; LPI completed its ASX IPO in June 2016 and secured lithium tenements. A 2026 issuer notice says that during his 2015–2018 tenure he raised more than A$70m to progress projects from acquisition and exploration to DFS. These are issuer-reported outcomes; the source does not quantify realized shareholder returns.

Attribution: Individual involvement documented. He was founder and CEO during the period; the fundraising and project progression are linked to his tenure, although team contributions and commodity-market effects are not separated.

Relevance: Relevant capital formation and study-stage experience for Cobre; no producing mine delivery established.

Lithium Power International Annual Report 2016 (Directors’ Report, p. 11); Notice of Annual General Meeting (Information about Martin C Holland)

Governance and interests

FY2025 issuer report states no notified tenement-condition breaches

FY2025 · issuer reported · low materiality

Cobre reported no known breaches of tenement conditions and none notified by a government agency during FY2025. This is an issuer statement about company compliance, not an independent audit of Holland personally or other periods.

Attribution: Role overlaps event; causation unproven. Holland was Executive Chairman during the reported year; no individual compliance action or personal responsibility is identified.

Relevance: A limited company-level environmental-compliance indicator relevant to oversight.

Cobre Limited Annual Report 2025 (Directors’ Report, Environmental Regulation, p. 9)

Suitability for the current role

Corporate finance and listed-company experience; exploration delivery remains unproven

2015–2026 · analyst inference · medium materiality

Holland co-founded Cobre and has mining M&A and corporate-finance experience; the issuer identifies him as founder and former CEO of LPI. His career is relevant to capital formation and transactions, but the reviewed evidence does not show a mine construction or operating record personally delivered.

Attribution: Responsibility not applicable. Role-fit judgment draws on issuer biographies and disclosed LPI experience; no causal claim beyond his documented CEO role.

Relevance: Relevant to a junior explorer pursuing acquisitions and funding, with limited evidenced operator experience.

Cobre Limited Annual Report 2025 (Directors’ Report, p. 10); Notice of Annual General Meeting (Information about Martin C Holland)

Evidence gaps

• Holland’s degrees and professional memberships were not established.

• Full director and company-outcome history beyond LPI, Cobre and disclosed concurrent roles remains incomplete.

• No benchmark-adjusted shareholder-return analysis was completed for LPI.

• Adverse-topic research is open-web and name-based; formal court, ASIC, sanctions and professional-register checks were not exhaustive.

Career chronology

• Current; issuer reports he has helped develop its exploration projects for over five years: Cobre Limited — Chief Executive Officer. Cobre Limited Annual Report 2025 (Corporate directory, p. ii); Leadership Team (Adam Wooldridge biography)

• Current/period not exactly dated: KML — Founding partner and Chief Executive Officer. Leadership Team (Adam Wooldridge biography)

• Established in 2004; subsequent end date not established: Xpotential Consulting — Founder. Leadership Team (Adam Wooldridge biography)

• Dates not established: New Resolution Geophysics — Founding partner. Leadership Team (Adam Wooldridge biography)

Education and qualifications

Geology and geophysics training and professional registration reported

As reported by issuer by 2026 · issuer reported · medium materiality

Cobre’s leadership biography reports BSc and BSc (Hons) degrees in geology and geophysics, registration as a professional scientist, and ASEG membership. The February 2026 Competent Person statement independently confirms membership of the South African Council for Natural Scientific Professions; degrees were not independently verified.

Attribution: Responsibility not applicable. Professional profile and CP statement identify technical qualifications; degree certificates were not reviewed.

Relevance: Relevant to exploration geology and public technical reporting.

Leadership Team (Adam Wooldridge biography); Sierra Atacama Copper Mine Acquisition Presentation (Competent Person Statement, p. 2)

Personal achievements

Named Competent Person for exploration information

2026-02 · documented · medium materiality

Cobre’s February 2026 acquisition presentation names Wooldridge as the compiler of exploration results, states he meets JORC 2012 Competent Person experience requirements, identifies his South African Council for Natural Scientific Professions membership, and records his consent.

Attribution: Individual involvement documented. The issuer presentation directly attributes compilation and consent to him.

Relevance: Supports technical qualification and disclosure responsibility for a Cobre transaction; it does not establish independently verified accuracy of the foreign resource.

Sierra Atacama Copper Mine Acquisition Presentation (Competent Person Statement, p. 2)

Contributions and company outcomes

Ngami Comet maiden resource delivered during CEO tenure

FY2025 · issuer reported · medium materiality

Cobre’s FY2025 report records a maiden Comet mineral resource of 11.5 Mt at 0.52% Cu and 11.6 g/t Ag, including 60.3 kt contained copper and 4.3 Moz silver. Wooldridge’s February 2026 Competent Person statement establishes that he compiled exploration results for that separate Sierra Atacama acquisition presentation, but the reviewed sources do not identify him as sole author of the Comet resource. The resource is therefore attributed to role overlap, not sole personal causation.

Attribution: Role overlaps event; causation unproven. Wooldridge was CEO during project advancement; no individual link to the Comet estimate itself is established in the reviewed source.

Relevance: A material exploration milestone relevant to technical leadership, but not mine delivery.

Cobre Limited Annual Report 2025 (Review of Operations, pp. 6–8)

Suitability for the current role

Technical geology profile aligns with an exploration CEO role

Career to 2026 · analyst inference · medium materiality

Issuer biographies describe 25+ years of international geology/geophysics experience and exploration-management work; the CP statement corroborates relevant experience and professional-body membership. Evidence supports technical fit, while evidence of operating-company leadership beyond exploration-stage project development is limited.

Attribution: Responsibility not applicable. Judgment based on cited biography and technical disclosure, not a claim that he alone delivered company outcomes.

Relevance: Relevant to exploration and disclosure; operating and mine commissioning experience not demonstrated.

Leadership Team (Adam Wooldridge biography); Sierra Atacama Copper Mine Acquisition Presentation (Competent Person Statement, p. 2)

Evidence gaps

• Exact dates for KML, New Resolution Geophysics and prior consulting roles were not verified.

• Degree certificates and ASEG status were not checked against source registers; the issuer reports them.

• No person-level finding links Wooldridge to the Comet MRE calculation.

• Adverse-topic searches are open-web and not exhaustive formal legal, regulator, sanctions or safety-register checks.

Career chronology

• Appointed 28 Apr 2026; current at cutoff: Cobre Limited — Chief Financial Officer. Cobre Limited Annual Report 2025 (FY2025 annual report predates appointment); Kaveen Bachoo profile (Kaveen Bachoo profile)

• Since 2021; end date not independently verified: Nathan River Resources — Finance Director and Chief Financial Officer. Kaveen Bachoo profile (Research profile); Kaveen Bachoo profile (Career profile and 2021 appointment notice)

• 2006–2020 based on Business News Australia role chronology; exact overlaps/titles not independently reconciled: Glencore / Xstrata — Senior finance roles including CFO, Australian zinc business. Kaveen Bachoo profile (Positions: 2006–2020); Kaveen Bachoo profile (Research profile)

• Since 2017 according to institute profile: Australian Institute of Business — Lecturer, Finance Discipline. Kaveen Bachoo profile (Academic staff profile)

Education and qualifications

Finance qualifications and CPA fellowship reported

As reported by 2021–2026 · issuer reported · medium materiality

Business News Australia reports a BCom (Honours), MBA, INSEAD Graduate Certificate in Management and Fellow of CPA Australia; AIB confirms BCom (Hons), MBA, FCPA and global-management qualification. Individual credentials were not checked directly with universities or CPA Australia.

Attribution: Responsibility not applicable. The sources identify professional and academic credentials, but no primary credential verification was performed.

Relevance: Relevant to CFO responsibilities.

Kaveen Bachoo profile (Profile and qualifications); Kaveen Bachoo profile (Academic staff profile)

Personal achievements

Finance leadership across major mining operators and mine life cycle

2006–2021+ · issuer reported · medium materiality

AIB reports senior finance roles at BHP, Xstrata and Glencore and experience spanning greenfield start-up, brownfield expansion, M&A, optimisation and closure; Business News Australia’s 2021 profile says he led finance for Glencore’s Australian zinc business before becoming Nathan River CFO. These are profile statements, not quantified personal outcomes.

Attribution: Individual involvement documented. Sources identify roles and remit, but do not isolate Bachoo’s contribution to employer results.

Relevance: Relevant breadth for project finance, cost control and a junior explorer transitioning toward operations.

Kaveen Bachoo profile (Research profile); Kaveen Bachoo profile (Profile and role history)

Suitability for the current role

Senior mining finance chronology supports CFO fit

2006–2026 · analyst inference · medium materiality

His disclosed finance work spans BHP, Glencore and Nathan River, alongside teaching finance/governance. Role dates are partly profile-derived and the reviewed record does not establish Cobre-specific results since his April 2026 appointment.

Attribution: Responsibility not applicable. Role suitability is inferred from disclosed senior finance remit and reported qualifications.

Relevance: Directly relevant to financial controls and capital management; Cobre impact is too recent to assess.

Kaveen Bachoo profile (Academic staff profile); Kaveen Bachoo profile (Profile and role history)

Evidence gaps

• Cobre appointment is recent; no attributable company outcome can yet be assessed.

• Exact role dates and chronology before 2010 are not independently corroborated.

• Degrees, MBA and CPA status rely on professional profiles, not direct credential-register verification.

• Searches did not establish personal adverse outcomes; criminal, court, ASIC, sanctions and CPA disciplinary sources were not comprehensively searched.

Career chronology

• Current by FY2025 annual report; appointment date not stated: Cobre Limited — Company Secretary. Cobre Limited Annual Report 2025 (Corporate directory, p. ii; Company Secretary, p. 12)

• Full chronology not established; issuer profile describes 15 years legal practice followed by full-time corporate advisory and secretarial work: Listed and unlisted companies — Company director / company secretary and corporate adviser. Cobre Limited Annual Report 2025 (Company Secretary, p. 12); AusTex Oil Annual Report 2013 (Company Secretary profile)

Education and qualifications

Legal and company-secretarial qualifications reported

1996–2025 · issuer reported · medium materiality

Cobre’s FY2025 annual report states Clyne was admitted as a NSW and High Court solicitor in 1996 and as a barrister in 1998, is a qualified Chartered Company Secretary and AICD member. A 2013 issuer annual report also records an LLM in International Law from UNSW. Admission and membership were not verified directly with the bodies.

Attribution: Responsibility not applicable. Issuer disclosures provide credentials and admission dates; no direct professional-register verification was completed.

Relevance: Relevant to company-secretarial and ASX disclosure duties.

Cobre Limited Annual Report 2025 (Company Secretary, p. 12); AusTex Oil Annual Report 2013 (Company Secretary profile)

Suitability for the current role

Legal and listed-company governance background fits company secretary role

1996–2025 · analyst inference · medium materiality

Issuer annual reports describe legal practice, corporate advisory and company-secretarial work with familiarity with the Corporations Act and ASX Listing Rules. The documents do not detail current workload across concurrent appointments or Cobre-specific control outcomes.

Attribution: Responsibility not applicable. Judgment rests on disclosed legal and governance remit; no individual governance breach or success is inferred.

Relevance: Strongly role-relevant formal experience; capacity and performance evidence remain limited.

Cobre Limited Annual Report 2025 (Company Secretary, p. 12); AusTex Oil Annual Report 2013 (Company Secretary profile)

Evidence gaps

• Full list and dates of concurrent company-secretarial and board appointments were not established.

• Admissions, UNSW degree and current professional memberships were not independently verified against primary registers.

• No Cobre-specific disclosure-control outcome was identified.

• ASIC, court, law-society and sanctions searches were not exhaustive.