EMERALD RESOURCES NL

Career chronology

• Managing director from 20 August 2014; appointed director 30 July 2014: Emerald Resources NL — Managing Director. Annual Report 2026 (PDF page 53, director biography); Annual Report FY2015 (Printed page 3: 30 July director and 20 August managing director appointments)

• May 2009 to 25 February 2014: Regis Resources — Operations director / COO. 2014 financial year results and directors report (Directors report p. 13)

Contributions and company outcomes

Okvau mine production and FY26 profits

FY2026 and September quarter 2026 · issuer reported · medium materiality

Emerald reports 100,405 ounces of Okvau gold produced and A$259.6 million group after-tax profit in FY26. September 2026 output was 20,280oz versus 27,072oz in the preceding quarter; AISC rose from US$818 to US$1,210/oz. Dingo and Memot are development projects, not completed production.

Attribution: Role overlaps event; causation unproven. Company performance during managing director tenure; commodity prices and the wider team contribute, and an individual effect is not measured.

Relevance: Evidence of delivered operations alongside recent operating variability.

Annual Report 2026 (PDF pages 5–6, 43, 53 and 75: results, safety and named leadership); Quarterly Report September 2026 (Pages 1–4: quarter highlights, physicals and safety)

Business failures and setbacks

Regis flooding and impairment

2014 · issuer reported · medium materiality

In February 2014 flooding disrupted Garden Well and Rosemont. Regis later reported A$202.7m after-tax impairment and a A$147.8m FY2014 net loss; Hart resigned as operations director on 25 February 2014. The annual impairment includes periods and decisions after his departure, and the disclosure identifies multiple causes including rain and gold price.

Attribution: Role overlaps event; causation unproven. He was operations director during the flood; no source establishes personal fault or a causal link to the full-year impairment.

Relevance: Shows setbacks at a previous operating business.

2014 financial year results and directors report (FY2014 results and directors report, pages 1–3 and director biography); Quarterly Report to 31 March 2014 (Page 5, management restructure)

Governance and interests

Bullseye takeover required Panel intervention

2023–April 2024 · documented · high materiality

In 2023 the Takeovers Panel declared unacceptable circumstances relating to Emerald’s Bullseye takeover, shareholder intention statements and settlement; it considered Emerald had acquired a relevant interest in breach of the takeover threshold and ordered corrective disclosure and withdrawal rights. It cited Hart’s dual role in settlement negotiations, but found insufficient material to investigate alleged director association or conflicts further. In April 2024 PwC’s Panel-ordered independent expert opinion found the settling shareholders received no net benefit unavailable to other minority holders.

Attribution: Individual involvement documented. The Panel identified his involvement in negotiations; its decision concerns takeover circumstances and does not make a personal dishonesty finding. PwC’s separate opinion does not reverse the declaration.

Relevance: Relevant to governance in complex transactions.

Bullseye Mining Limited 06 [2023] ATP 11 (Paragraphs 27–28, 91–110 and Annexures C–D); Fourth Supplementary Target Statement and independent expert report (Section 4.2 and expert opinion, paragraphs 14–21)

Pre-acquisition Cambodian licence history

2006–2023 · documented · medium materiality

OZ Minerals said it self-reported possible improper benefits involving a former Cambodian subsidiary, and that prosecutors declined to prosecute it. In 2023 civil confiscation orders totalling at least A$9.3m were agreed. Renaissance bought the former OZ subsidiary in 2012; Emerald acquired Renaissance in 2016. The alleged conduct predated Emerald’s acquisition; these sources do not establish that Emerald or its executives participated.

Attribution: Responsibility unresolved. This concerns a former owner before Emerald’s involvement, not an allegation against Hart.

Relevance: Historical asset and governance context; not evidence of a personal breach.

OZ Minerals 2022 Annual Report (Note on former Cambodian operations); Global Legal Insights: Bribery and Corruption (Australian chapter, 2023 civil consent confiscation orders); Okvau project progress and historical acquisition (Page 1, 2012 acquisition of OZ Cambodian subsidiary); Re Emerald Resources NL [2025] WASC 94 (Factual background: Emerald 2016 acquisition of Renaissance)

Evidence gaps

• Operating decisions at Regis cannot be separated from exceptional rainfall and post-departure circumstances.

• Independent completion dates and full project economics at Bonikro were not independently established.

• The company says Hart became managing director on 30 July 2014; its 2015 annual report distinguishes appointment as director on 30 July and managing director on 20 August 2014.

Career chronology

• COO from May 2016; executive director from 3 October 2018: Emerald Resources NL — Executive Director; formerly COO. Executive management biographies (Mick Evans biography)

• Seven years; precise start and end not established: Regis Resources — Projects Manager and Chief Development Officer. Quarterly Report to 31 March 2014 (Corporate: management restructure, p. 5)

Personal achievements

Plant development experience

Before 2016 · issuer reported · medium materiality

Regis recorded Evans as chief development officer in March 2014. Emerald says he was responsible for construction of Moolart Well, Garden Well and Rosemont processing plants, after contributing to Bonikro construction at Equigold.

Attribution: Individual involvement documented. The employer attributes the construction remit to him; individual cost and schedule contributions are not independently quantified.

Relevance: Relevant to development of Emerald’s planned projects.

Quarterly Report to 31 March 2014 (Page 5, internal appointments); Annual Report 2026 (PDF page 53, Michael Evans biography)

Industrial safety

Group injury statistics increased in FY26

FY2025–September 2026 · issuer reported · medium materiality

Emerald reports one lost-time injury and three total recordable injuries in FY26, versus zero for both measures in FY25; no fatalities were reported in either year. Group TRIFR rose from 0.45 to 1.25, and the September 2026 quarter update gives 1.66. The same FY25 table reports zero recordable injuries alongside a TRIFR of 0.45; the source does not explain this apparent discrepancy.

Attribution: Role overlaps event; causation unproven. Executive director during the period; the disclosures do not identify responsibility for any injury.

Relevance: Safety execution matters across an expanding operating footprint.

Annual Report 2026 (PDF page 43, Table 15); Quarterly Report September 2026 (Page 2, sustainability highlights)

Evidence gaps

• Exact Regis and Equigold employment dates and independent credentials are not established.

• The FY2026 annual report does not explain its FY2025 zero total recordable injuries alongside a TRIFR of 0.45; the source figures are reproduced without reconciliation.

Career chronology

• Joined in 2023; COO from 24 February 2026: Emerald Resources NL — COO; previously Dingo Range operations manager. Senior Leadership Strengthened with Josh Redmond Appointed COO (Page 1, appointment announcement)

• Prior to joining Emerald in 2023; exact dates not established: MACA — General Manager Mining and Country Manager Cambodia. Senior Leadership Strengthened with Josh Redmond Appointed COO (Page 1, prior roles)

Personal achievements

Appointed group COO

2023–2026 · documented · medium materiality

Emerald appointed Redmond COO effective 24 February 2026 after he managed Dingo Range from 2023; the issuer attributes earlier Okvau start-up assistance to his MACA experience. Curtin also identifies him as a WA School of Mines graduate and describes his progression at MACA.

Attribution: Individual involvement documented. The appointment and company-assigned remit are documented; independent allocation of team outcomes is limited.

Relevance: Directly relevant to oversight of operating and planned projects.

Senior Leadership Strengthened with Josh Redmond Appointed COO (Page 1, appointment and prior roles); Mining boss shares top tips for success in resources (6 November 2023 alumni profile)

Contributions and company outcomes

Dingo Range remains in development

September 2026 · issuer reported · medium materiality

As at September 2026 Emerald reported permits, infrastructure work and long-lead equipment orders at Dingo Range; gold production had not yet been delivered there.

Attribution: Role overlaps event; causation unproven. He managed Dingo Range before becoming group COO, but the company did not allocate each activity to him.

Relevance: Separates project progress from commissioned production.

Quarterly Report September 2026 (Pages 1–4: quarter highlights, physicals and safety); Senior Leadership Strengthened with Josh Redmond Appointed COO (Page 1, prior Dingo role)

Evidence gaps

• Specific dates and operational accountabilities at MACA are not fully established.

• Independent original academic certificate and comprehensive local court checks remain unavailable.

Career chronology

• Secretary from 2014; non-executive director 2022–2024: Emerald Resources NL — Company Secretary and former non-executive director. Executive management biographies (Mark Clements biography)

• Director and secretary at 2023 Panel decision; start/end dates not established: Bullseye Mining — Director and company secretary. Bullseye Mining Limited 06 [2023] ATP 11 (Paragraphs 4 and 13)

Litigation and enforcement

Bullseye shareholder proceedings settled

2023–2024 · documented · medium materiality

The Panel records Clements as a Bullseye director and a defendant in the later 2023 oppression proceedings. The parties agreed to settle the proceedings, involving the issue of 22.8m shares. The Panel made separate takeover orders; the 2024 independent expert found no net benefit to the settling shareholders.

Attribution: Individual involvement documented. Named party and director; settlement is not a court determination that he committed misconduct.

Relevance: Governance context for a secretary involved in the group’s acquisition.

Bullseye Mining Limited 06 [2023] ATP 11 (Paragraphs 4, 13–15 and orders); Fourth Supplementary Target Statement and independent expert report (Section 4.2, independent report conclusions)

Governance and interests

Court relief for historical cleansing notice errors

2021–2025 · documented · high materiality

In 2025 the WA Supreme Court considered 46 cleansing notices and potential failure to synchronise a subsidiary financial year; Clements said he had reused a notice without recognising a later statutory wording requirement. The court granted Emerald relief, accepted that those concerned acted honestly, and found no evidence of substantial misconduct or flagrant disregard. It gave additional time for the financial-year issue. Emerald subsequently reported ASIC granted ongoing relief on 24 September 2025, allowing the subsidiary to maintain a different financial year while its results are incorporated in the consolidated audit.

Attribution: Individual involvement documented. The court recounts his own evidence about notice preparation and granted relief on an honesty finding; the issuer reports later ongoing ASIC relief.

Relevance: Relevant to the company secretary’s compliance responsibilities.

Re Emerald Resources NL [2025] WASC 94 (Judgment [1]–[10], reasons on honesty and relief); Annual Report 2026 (PDF page 113, note 1(b)(iii), ASIC Instrument 25-0528)

Evidence gaps

• Full former-employer chronology and independent professional membership verification remain incomplete.

• Professional membership and full prior-employer history not independently checked.

Career chronology

• Current at 30 October 2026; commencement date unconfirmed: Emerald Resources NL — Operations Manager Cambodia. Quarterly Report September 2026 (Page 1, board and management)

• Earlier dates not established: Regis Resources / Evolution Mining — Mine General Manager roles. Executive management biographies (Bernie Cleary biography)

Contributions and company outcomes

Okvau operating record

FY2026 · issuer reported · medium materiality

Emerald reported 100,405oz FY26 production at Okvau and zero group fatalities, alongside one lost-time injury.

Attribution: Role overlaps event; causation unproven. He is Cambodian operations manager; outcomes are team-level and injury responsibility is not established.

Relevance: Operating and safety oversight context.

Annual Report 2026 (PDF pages 5–6, 43, 53 and 75: results, safety and named leadership)

Environmental record

Community impacts and the company response

2021–2025 · documented · high materiality

In 2022 VOD reported local Bunong concerns about loss of resin-tree income near Okvau and different views on the adequacy of payments. It also records benefits and Emerald’s response. Emerald’s 2025 report says compensation for affected households and resin collectors had concluded and reports a grievance mechanism. The accounts describe different issues and do not establish that all concerns were resolved.

Attribution: Role overlaps event; causation unproven. Cleary was quoted as operations manager; reporting does not establish individual responsibility for affected land or compensation.

Relevance: Community relations and social licence are relevant to Cambodian operations.

Cambodia’s Gold Rush Weighs on Indigenous Livelihoods (Sections Life Has Changed a Lot and Positive Legacy; Cleary interview); Sustainability Report FY2025 (Page 39, resettlement and compensation)

Evidence gaps

• Exact earlier mine-management dates and personal involvement in historical operational issues not established.

• Independent Cambodian regulatory and grievance records remain incomplete.

Career chronology

• CFO following 2016 takeover; corporate role from September 2022: Emerald Resources NL — Chief Corporate Officer; previously CFO. Executive management biographies (Brett Dunnachie biography)

• Prior to 2016 acquisition; exact dates not established: Renaissance Minerals — CFO and Company Secretary. Executive management biographies (Brett Dunnachie biography)

Contributions and company outcomes

Finance role through Okvau development

2016–2022 · issuer reported · medium materiality

Emerald reports that Dunnachie was Renaissance CFO before the 2016 takeover, continued as Emerald CFO through Okvau permitting and financing, and moved into a corporate role in 2022. The mine achieved first gold in 2021.

Attribution: Role overlaps event; causation unproven. The issuer describes his role; the individual share of financing outcomes is not independently quantified.

Relevance: Relevant to financing and transactions.

Executive management biographies (Brett Dunnachie biography); Annual General Meeting presentation 29 November 2024 (Slide 3, Okvau production)

Evidence gaps

• Individual financing contributions and independent credentials not fully established.

Career chronology

• Financial controller from 2019; CFO appointed 14 February 2023: Emerald Resources NL — CFO; previously financial controller. Appointment of Chief Financial Officer (Page 1, appointment)

Contributions and company outcomes

FY26 financial results

FY2026 · issuer reported · medium materiality

Emerald reported FY26 net profit of A$259.6m, up from A$87.6m, and 30 June cash of A$433.6m, up from A$201.4m. Gold prices and operational results materially influenced these company outcomes.

Attribution: Role overlaps event; causation unproven. She was CFO during the period; the accounts do not establish her personal contribution to earnings or cash.

Relevance: Financial stewardship context.

Annual Report 2026 (PDF pages 5 and 50, chairman letter and financial results)

Evidence gaps

• Regis and Wiluna role dates and responsibilities are not specified in the issuer appointment announcement.

• Independent CPA membership and full career history were not established.

Career chronology

• Listed by issuer in November 2024; present issuer biography undated: Emerald Resources NL — Chief Geologist. Annual General Meeting presentation 29 November 2024 (Slide 3, executive leadership team)

Personal achievements

Documented Okvau geological work

2022–2023 · issuer reported · medium materiality

Emerald’s January 2023 JORC table states that King completed an Okvau-related site visit and Phnom Penh laboratory audit in April 2022.

Attribution: Individual involvement documented. The issuer directly identifies the visit; independent measurement of resource-estimate contribution is unavailable.

Relevance: Relevant to technical review and resource work.

January 2023 activities report (JORC table: sampling technique and lab audit)

Evidence gaps

• Exact appointment date, detailed previous employers and current independent membership verification are unavailable.

Career chronology

• Issuer leadership presentation 2024; current page undated: Emerald Resources (WA) Pty Ltd — Director. Annual General Meeting presentation 29 November 2024 (Slide 3, Emerald WA director)

• In office at 2023 Panel proceedings; end date not established: Bullseye Mining — Executive Director. Bullseye Mining Limited 06 [2023] ATP 11 (Paragraphs 4–15, identity and committee)

Governance and interests

Bullseye dispute and takeover decisions

2020–2024 · documented · high materiality

Peter Gerard Burns was a Bullseye executive director and an independent board committee member in 2023. Shareholder oppression claims naming him were settled in 2023. The Takeovers Panel separately declared unacceptable circumstances in relation to the takeover, and ordered additional disclosure and independent review. PwC later concluded the settling shareholders received no net benefit not provided to minority holders.

Attribution: Role overlaps event; causation unproven. The Panel identifies his board and committee roles; settled allegations are not a finding of personal misconduct.

Relevance: Relevant to governance at the Australian operating subsidiary.

Bullseye Mining Limited 06 [2023] ATP 11 (Paragraphs 4–15, 47 and decision); Fourth Supplementary Target Statement and independent expert report (Section 4.2 and expert opinion)

Evidence gaps

• Bullseye prior litigation allegations were settled; settlement is not a determination of personal misconduct.

• Independent degree and association records and exact role commencement/end dates not obtained.

• Current role continuity after the 2024 leadership presentation is not independently established; the issuer biography is undated.

Career chronology

• Issuer identifies role in 2026 annual governance statement: Emerald Resources NL — Group Environment and Community Manager. Annual Report 2026 (PDF page 75, leadership group)

Personal achievements

Community policy authorship

October 2025 · documented · medium materiality

Emerald identifies Malkiewycz as author of its 30 October 2025 community and heritage policy, signed by managing director Hart. The policy promises dialogue with communities and recognition of cultural sites.

Attribution: Individual involvement documented. The policy names her as author; this alone does not establish outcomes for all affected communities.

Relevance: Direct evidence of work in the assigned environmental and community role.

Community and Heritage Policy (Page 1, author, policy and signature)

Environmental record

Okvau community concerns and response

2022–2025 · documented · medium materiality

In 2022 local residents described lost resin-tree income and differing views on compensation to VOD. A 2023 Equitable Cambodia report said villagers were largely happy with Renaissance while raising concerns about traditional-land encroachment and early transparency; Emerald disputed accuracy in 2024 and referred to its public reporting. A Cambodian NGO described a 2025 company-hosted site visit positively; that visit was not a comprehensive independent impact audit.

Attribution: Role overlaps event; causation unproven. The company identifies her as group environment and community manager in 2024–2026; individual responsibility for earlier community impacts is unestablished.

Relevance: Relevant to community relations; differing reports remain unresolved.

Cambodia’s Gold Rush Weighs on Indigenous Livelihoods (Resin-tree impacts and company response); A Snapshot of the Gold Mining Industry in Cambodia (Case study 2, pages 23–27); Emerald response to Equitable Cambodia report (Company response); Field visit on ESG implementation at Renaissance Minerals (October 2025 field visit)

Evidence gaps

• Start date, full prior employment, academic credentials and local regulator records not independently established.

Career chronology

• Named in issuer leadership group in October 2026 report: Emerald Resources NL — Finance and Human Resources Manager. Annual Report 2026 (PDF page 75, leadership group)

Suitability for the current role

Role and limited independent history

2026 · analyst inference · low materiality

Emerald’s 2026 annual governance statement identifies this person within its leadership group. Specific earlier roles, measurable personal outcomes and independent credential evidence were not established in the sources reviewed.

Attribution: Responsibility not applicable. Issuer confirms role, not independent verification of all experience.

Relevance: Role is relevant to site or group services; evidence remains limited.

Annual Report 2026 (PDF page 75, named leadership group)

Evidence gaps

• Start date, prior employers, training and local-language professional records are unavailable.

Career chronology

• Named in issuer leadership group in October 2026 report: Emerald Resources NL — Environmental and Community Superintendent. Annual Report 2026 (PDF page 75, leadership group)

Suitability for the current role

Role and limited independent history

2026 · analyst inference · low materiality

Emerald’s 2026 annual governance statement identifies this person within its leadership group. Specific earlier roles, measurable personal outcomes and independent credential evidence were not established in the sources reviewed.

Attribution: Responsibility not applicable. Issuer confirms role, not independent verification of all experience.

Relevance: Role is relevant to site or group services; evidence remains limited.

Annual Report 2026 (PDF page 75, named leadership group)

Evidence gaps

• Start date, full prior employment and independently verified qualifications remain unavailable.

Career chronology

• Named in issuer leadership group in October 2026 report: Emerald Resources NL — Site Services Superintendent. Annual Report 2026 (PDF page 75, leadership group)

Suitability for the current role

Role and limited independent history

2026 · analyst inference · low materiality

Emerald’s 2026 annual governance statement identifies this person within its leadership group. Specific earlier roles, measurable personal outcomes and independent credential evidence were not established in the sources reviewed.

Attribution: Responsibility not applicable. Issuer confirms role, not independent verification of all experience.

Relevance: Role is relevant to site or group services; evidence remains limited.

Annual Report 2026 (PDF page 75, named leadership group)

Evidence gaps

• Start date, prior employment and qualifications not independently established.

• Searches returned same-name results not sufficiently linked to Emerald; they are not attributed.