Caravel Minerals Limited

Career chronology

• Since 2022-11-28: Caravel Minerals Limited — Managing Director. DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21)

• Previous role; dates not stated: Fortescue Metals Group — Projects Director. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Mitsui & Co. — Technical Director. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Iron Ore Company of Canada — Vice-President Projects. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Rio Tinto Iron Ore — General Manager Projects. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Until 26 August 2022: Australian Rare Earths Limited — Managing Director. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

Education and qualifications

Disclosed qualifications

As reported by issuer · issuer reported · low materiality

The issuer profile/report lists BSc in Mining Engineering, MSc in Mineral Processing, INSEAD International Executive Management Diploma; AusIMM Fellow. The credential is recorded as issuer-reported; no independent credential-register verification is included.

Attribution: Individual involvement documented. The issuer identifies the qualification as belonging to this executive; independent primary credential verification was not performed.

Relevance: Relevant to the role-specific experience record.

Caravel Minerals Management Team (Caravel Minerals Management Team: qualifications in executive biography)

Contributions and company outcomes

Estimated quarters of funding

2026-07-22 · issuer reported · medium materiality

The issuer reported estimated quarters of funding: 5.6. This records an employer-level event; the reviewed evidence does not attribute the event to Donald Hyma individually.

Attribution: Role overlaps event; causation unproven. The event occurred at the issuer level during the documented period; no source establishes this executive’s individual contribution or causal responsibility.

Relevance: Context for delivery and oversight in the current role; do not treat it as personal performance evidence.

Quarterly Activities/Appendix 5B Cash Flow Report (Appendix 5B, item 8.7)

Suitability for the current role

Role fit cannot be assessed from the disclosed profile

As of 2026-09-21 · analyst inference · low materiality

The current role is supported by the issuer roster, and the cited profile documents relevant previous roles for Donald Hyma. Those biographies are largely issuer supplied and lack complete dated chronology or independent performance corroboration, so fit can be assessed only in relation to the disclosed prior experience.

Attribution: Responsibility not applicable. This is an evidence-limited analyst judgment, not an adverse claim about the executive.

Relevance: Role-specific experience and credentials are central to assessing the current position; the available record is insufficient for a positive or negative conclusion.

DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21); Caravel Minerals Management Team (Caravel Minerals Management Team: executive biography)

Evidence gaps

• Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.

• Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.

Career chronology

• Current role; start date not stated in selected roster: Caravel Minerals Limited — Executive Director. DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21)

• Current/ongoing; exact start date not stated: Mitchell River Group — Founding partner. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

Contributions and company outcomes

Estimated quarters of funding

2026-07-22 · issuer reported · medium materiality

The issuer reported estimated quarters of funding: 5.6. This records an employer-level event; the reviewed evidence does not attribute the event to Alasdair Cooke individually.

Attribution: Role overlaps event; causation unproven. The event occurred at the issuer level during the documented period; no source establishes this executive’s individual contribution or causal responsibility.

Relevance: Context for delivery and oversight in the current role; do not treat it as personal performance evidence.

Quarterly Activities/Appendix 5B Cash Flow Report (Appendix 5B, item 8.7)

Governance and interests

2018 shareholder-control dispute and Takeovers Panel decision

2018 · documented · medium materiality

Caravel sued Mitchell River Group, Hartree and Cooke in the WA Supreme Court alleging confidentiality breaches and unusual share trading during a rights issue. In separate Panel proceedings, the Panel said it was not satisfied there was sufficient material to establish the alleged shareholder associations or unacceptable circumstances and declined to make a declaration. Those reasons do not disclose the final disposition of the parallel court action; neither the allegations nor the Panel outcome establish personal wrongdoing by Cooke.

Attribution: Individual involvement documented. The Panel record directly identifies Cooke’s connection to MRG and the allegations made by Caravel, while recording no adverse Panel declaration; the separate court outcome was not established in this review.

Relevance: Relevant governance and litigation context for an executive director and founding MRG partner.

Caravel Minerals Limited (2018 ATP 8) (Reasons [23]-[25], [94]-[101], [149]-[165])

Suitability for the current role

Role fit cannot be assessed from the disclosed profile

As of 2026-09-21 · analyst inference · low materiality

The current role is supported by the issuer roster, and the cited profile documents relevant previous roles for Alasdair Cooke. Those biographies are largely issuer supplied and lack complete dated chronology or independent performance corroboration, so fit can be assessed only in relation to the disclosed prior experience.

Attribution: Responsibility not applicable. This is an evidence-limited analyst judgment, not an adverse claim about the executive.

Relevance: Role-specific experience and credentials are central to assessing the current position; the available record is insufficient for a positive or negative conclusion.

DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21); Caravel Minerals Management Team (Caravel Minerals Management Team: executive biography)

Evidence gaps

• Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.

• The Takeovers Panel declined to make a declaration in 2018, but the outcome of Caravel’s separate WA Supreme Court action against Cooke/MRG was not resolved from the public material reviewed; no later court disposition was located in this pass.

Career chronology

• Since 2025-10-27: Caravel Minerals Limited — General Manager Technical and Mining. DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21)

• Previous role; dates not stated: Westland Mineral Sands — Senior Operations and Integrated Planning roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Fortescue Metals Group — Senior Operations and Integrated Planning roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: MMG, Kinsevere — Senior Operations and Integrated Planning roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Peabody Energy / Idemitsu — Senior Operations and Integrated Planning roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

Contributions and company outcomes

Estimated quarters of funding

2026-07-22 · issuer reported · medium materiality

The issuer reported estimated quarters of funding: 5.6. This records an employer-level event; the reviewed evidence does not attribute the event to Andrew O'Dowd individually.

Attribution: Role overlaps event; causation unproven. The event occurred at the issuer level during the documented period; no source establishes this executive’s individual contribution or causal responsibility.

Relevance: Context for delivery and oversight in the current role; do not treat it as personal performance evidence.

Quarterly Activities/Appendix 5B Cash Flow Report (Appendix 5B, item 8.7)

Suitability for the current role

Role fit cannot be assessed from the disclosed profile

As of 2026-09-21 · analyst inference · low materiality

The current role is supported by the issuer roster, and the cited profile documents relevant previous roles for Andrew O'Dowd. Those biographies are largely issuer supplied and lack complete dated chronology or independent performance corroboration, so fit can be assessed only in relation to the disclosed prior experience.

Attribution: Responsibility not applicable. This is an evidence-limited analyst judgment, not an adverse claim about the executive.

Relevance: Role-specific experience and credentials are central to assessing the current position; the available record is insufficient for a positive or negative conclusion.

DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21); Caravel Minerals Management Team (Caravel Minerals Management Team: executive biography)

Evidence gaps

• Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.

• Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.

Career chronology

• Current role; start date not stated in selected roster: Caravel Minerals Limited — Caravel Copper Project Study Manager. DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21)

• Previous role; dates not stated: Talison Lithium Australia — Senior project/study roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Iluka Resources — Senior project/study roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Tronox — Senior project/study roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: BHP — Senior project/study roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Rio Tinto — Senior project/study roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

Contributions and company outcomes

Estimated quarters of funding

2026-07-22 · issuer reported · medium materiality

The issuer reported estimated quarters of funding: 5.6. This records an employer-level event; the reviewed evidence does not attribute the event to Greg MacDonald individually.

Attribution: Role overlaps event; causation unproven. The event occurred at the issuer level during the documented period; no source establishes this executive’s individual contribution or causal responsibility.

Relevance: Context for delivery and oversight in the current role; do not treat it as personal performance evidence.

Quarterly Activities/Appendix 5B Cash Flow Report (Appendix 5B, item 8.7)

Suitability for the current role

Role fit cannot be assessed from the disclosed profile

As of 2026-09-21 · analyst inference · low materiality

The current role is supported by the issuer roster, and the cited profile documents relevant previous roles for Greg MacDonald. Those biographies are largely issuer supplied and lack complete dated chronology or independent performance corroboration, so fit can be assessed only in relation to the disclosed prior experience.

Attribution: Responsibility not applicable. This is an evidence-limited analyst judgment, not an adverse claim about the executive.

Relevance: Role-specific experience and credentials are central to assessing the current position; the available record is insufficient for a positive or negative conclusion.

DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21); Caravel Minerals Management Team (Caravel Minerals Management Team: executive biography)

Evidence gaps

• Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.

• Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.

Career chronology

• Current role; start date not stated in selected roster: Caravel Minerals Limited — Company Secretary. DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21)

• Previous role; dates not stated: African Energy Resources — Accounting/compliance/corporate roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Exterra — Accounting/compliance/corporate roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

• Previous role; dates not stated: Albidon — Accounting/compliance/corporate roles. Caravel Minerals Management Team (Caravel Minerals Management Team: profile / appointment biography)

Contributions and company outcomes

Estimated quarters of funding

2026-07-22 · issuer reported · medium materiality

The issuer reported estimated quarters of funding: 5.6. This records an employer-level event; the reviewed evidence does not attribute the event to Daniel Davis individually.

Attribution: Role overlaps event; causation unproven. The event occurred at the issuer level during the documented period; no source establishes this executive’s individual contribution or causal responsibility.

Relevance: Context for delivery and oversight in the current role; do not treat it as personal performance evidence.

Quarterly Activities/Appendix 5B Cash Flow Report (Appendix 5B, item 8.7)

Suitability for the current role

Role fit cannot be assessed from the disclosed profile

As of 2026-09-21 · analyst inference · low materiality

The current role is supported by the issuer roster, and the cited profile documents relevant previous roles for Daniel Davis. Those biographies are largely issuer supplied and lack complete dated chronology or independent performance corroboration, so fit can be assessed only in relation to the disclosed prior experience.

Attribution: Responsibility not applicable. This is an evidence-limited analyst judgment, not an adverse claim about the executive.

Relevance: Role-specific experience and credentials are central to assessing the current position; the available record is insufficient for a positive or negative conclusion.

DFS Revised Completion Timing (Management Team / corporate directory; named role as at 2026-09-21); Caravel Minerals Management Team (Caravel Minerals Management Team: executive biography)

Evidence gaps

• Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.

• Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.