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2026-11-06

← EL8 management

Full background report

Shane McBride

Chief Financial Officer, Company Secretary

Career chronology

  • Since 1 May 2017: Elevate Uranium (formerly Marenica Energy) — Chief Financial Officer. Annual Financial Report 2026 (Company secretary biography: CFO appointment)

  • Since 8 June 2017: Elevate Uranium (formerly Marenica Energy) — Company Secretary. Annual Financial Report 2026 (Company secretary biography: secretary appointment)

  • Same-name CFO identified in October 2014; link to Elevate CFO not conclusively verified: Energy and Minerals Australia (possible identity match) — Chief Financial Officer and Company Secretary. Mulga Rock company update (pp. 3, 24: CFO and secretary); Meet the team (Same-name professional profile names Energy Minerals Australia and Matrix; does not name Elevate)

  • Same-name MD/CEO identified in October 2008; link to Elevate CFO unconfirmed: Matrix Metals (possible identity match) — Managing Director and Chief Executive Officer. Matrix Metals investor presentation (p. 4: MD and CEO in October 2008); Annual Financial Report 2026 (p. 32: current CFO’s unnamed Queensland copper SX/EW MD history)

  • Same-name director before November 2008 to 10 January 2011; link to Elevate CFO unconfirmed: Matrix Metals (possible identity match) — Director. Half-year financial report to December 2008 (p. 2 director list identifies resignation 10 January 2011); Annual Financial Report 2026 (p. 32: current CFO’s unnamed Queensland copper SX/EW MD history)

Education and qualifications

Issuer-reported accounting and governance qualifications

2026 · issuer reported · low materiality

Elevate reports a BBus in accounting and fellowships of CPA Australia and governance institutes. These are issuer-reported and were not independently verified.

Attribution: Responsibility not applicable. No independent qualification verification is claimed.

Relevance: Relevant to CFO and company secretary roles.

Annual Financial Report 2026 (Company secretary biography)

Contributions and company outcomes

Possible identity match: Matrix copper restart

2007–2008 · documented · medium materiality

A same-name Matrix CEO was in office when the company reported 4,656 tonnes of FY2008 copper production following the 2007 restart. Elevate describes its CFO’s prior role at an unnamed Queensland copper SX/EW producer, consistent with Matrix; an opened professional profile and 2014 company presentation provide additional name and career similarities. No primary source explicitly connects the two roles by name, so the identity match remains unconfirmed.

Attribution: Responsibility unresolved. Matrix’s same-name CEO is documented, but the identity match to Elevate’s CFO is not established. No personal delivery is attributed.

Relevance: Potential operating-company experience if the identity match is established; no personal attribution is made.

Matrix Metals investor presentation (pp. 4, 13–14: management, production and commissioning); Copper news boosts Matrix Metals share price (28 June 2007: first copper and CEO identification); Annual Financial Report 2026 (p. 32: unnamed Queensland copper SX/EW MD); Meet the team (Same-name professional profile, Matrix and Energy Minerals Australia roles); Mulga Rock company update (pp. 3 and 24: same-name CFO and fellowships)

Business failures and setbacks

Possible identity match: Matrix administration

2008–2011 · documented · high materiality

Matrix’s same-name MD/CEO was in office in October 2008. Its directors appointed administrators on 11 November, followed by secured creditor Glencore appointing receivers on 14 November. Matrix later reported an A$91.3m loss for the December 2008 half-year, including impairment and creditor claims, and described a copper-price decline and provisional price adjustment. Its same-name director resigned on 10 January 2011; the project was sold in 2010. Elevate’s CFO has a similar Queensland copper-plant MD background, but the records reviewed do not definitively establish that the two are the same person.

Attribution: Responsibility unresolved. Matrix company events and a same-name director are documented. Their identity with Elevate’s CFO is not conclusively established, and no individual misconduct or causation is inferred.

Relevance: Potential prior-company financing context if the identity match is established; no personal attribution is made.

Matrix Metals investor presentation (p. 4: MD/CEO); Half-year financial report to December 2008 (pp. 2–3 and income statement: director resignation, external administration, loss and price context); Leichhardt project sale settlement (p. 1: 2010 asset sale); Annual Financial Report 2026 (p. 32: unnamed former Queensland SX/EW MD role); Meet the team (Same-name professional profile: Matrix and Energy Minerals Australia); Mulga Rock company update (pp. 3 and 24: same-name CFO, similar fellowships)

Environmental record

Matrix flood after receivership; identity link unconfirmed

2009 · issuer reported · medium materiality

Cape Lambert reported that severe 2009 flooding at the Matrix project may have released contaminants, and that remediation was planned. The incident followed administration and the asset was in receivership. A final independent cleanup outcome was not found. Matrix’s director was a possible same-name match to Elevate’s CFO, not a confirmed identity.

Attribution: Responsibility unresolved. The incident is company-level, the asset was controlled by receivers, and the identity link to the Elevate CFO is not established; no personal role is inferred.

Relevance: Environmental context for a possible prior employer; the identity link and any personal role remain unconfirmed.

Leichhardt acquisition announcement (p. 2: possible release and intended remediation); Half-year financial report to December 2008 (p. 2: director and receiver dates); Annual Financial Report 2026 (p. 32: unnamed Queensland copper SX/EW MD background)

Evidence gaps

  • No opened primary source explicitly links Elevate’s CFO by name to Matrix Metals or the Energy and Minerals Australia CFO; the identified matches rest on same name, matching professional details and similar project history and remain unconfirmed.

  • Matrix 2009 remediation and any later enforcement outcome were not found; the incident occurred after receivers took control.

  • Full Matrix board records and personal decision-making around finance and price risk were not reviewed, so individual causation is not established.

  • Independent degree and professional membership verification and the complete timeline of Energy and Minerals Australia roles remain unavailable.