Fenix Resources Limited

Career chronology

• previous roles; exact dates not disclosed: Investec Bank Australia — Head of Specialised Lending. Management and our people (lines 70–78)

• since 2022: Fenix Resources Limited — Executive Chairman. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt FY26 vs 2.4Mt FY25. John Welborn executive-chair overlap; company performance, personal causation not claimed.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Business failures and setbacks

Diesel shortage forced Fenix to scale back non-essential operations

2026-03 · documented · medium materiality

ABC reported Fenix came within days of exhausting fuel in March 2026 and scaled back non-essential work to protect operating continuity. Welborn said the company had relied on regular diesel supply and was reassessing that strategy. This is a company supply-chain disruption and management response, not a finding of misconduct.

Attribution: Individual involvement documented. Welborn is directly quoted discussing the company’s response and dependence; the source reports disruption, not negligence.

Relevance: Relevant to executive risk management and supply-chain resilience, particularly while Fenix operates an integrated mine/haulage/port chain.

Iron ore miner Fenix Resources came within days of running out of fuel (ABC article: shortage impact and Welborn’s comments)

Suitability for the current role

Limited public evidence for role fit

since 2022 · analyst inference · medium materiality

Issuer biography lists John Welborn as Executive Chairman and reports prior roles at Investec Bank Australia. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 70–78)

Evidence gaps

• Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

• The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

• Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Career chronology

• previous roles; exact dates not disclosed: Rox Resources; BC Iron; Crosslands Resources; FerrAus; Cliffs Natural Resources — Senior CFO roles. Management and our people (lines 82–89)

• since 2025: Fenix Resources Limited — Chief Financial Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; finance role overlap, no individual causal link.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2025 · analyst inference · medium materiality

Issuer biography lists Chris Hunt as Chief Financial Officer and reports prior roles at Rox Resources; BC Iron; Crosslands Resources; FerrAus; Cliffs Natural Resources. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 82–89)

Evidence gaps

• Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

• The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

• Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Career chronology

• previous roles; exact dates not disclosed: Mineral Resources; Fortescue Metals Group; HWE Mining; Mineração Rio do Norte — COO at Mineral Resources; Director of Pilbara Operations at Fortescue; operational roles at HWE and MRN. Management and our people (lines 94–101)

• since 2025: Fenix Resources Limited — Chief Operating Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; operations role overlap.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2025 · analyst inference · medium materiality

Issuer biography lists Fernando Pereira as Chief Operating Officer and reports prior roles at Mineral Resources; Fortescue Metals Group; HWE Mining; Mineração Rio do Norte. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 94–101)

Evidence gaps

• Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

• The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

• Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Career chronology

• previous roles; exact dates not disclosed: Mining companies; engineering consultancies and EPCM organisations — Executive and senior management roles in development, projects and infrastructure. Management and our people (lines 117–126)

• since 2023: Fenix Resources Limited — Chief Development Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; development role overlap.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2023 · analyst inference · medium materiality

Issuer biography lists Goran Seat as Chief Development Officer and reports prior roles at Mining companies; engineering consultancies and EPCM organisations. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 117–126)

Evidence gaps

• Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

• The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

• Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Career chronology

• previous roles; exact dates not disclosed: Mining industry — 30+ years across operations, maintenance, processing, logistics, ports, shipping and marketing. Management and our people (lines 106–111)

• since 2021: Fenix Resources Limited — Chief Marketing Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; marketing role overlap.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2021 · analyst inference · medium materiality

Issuer biography lists Adrian Third as Chief Marketing Officer and reports prior roles at Mining industry. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 106–111)

Evidence gaps

• Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

• The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

• Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Career chronology

• previous roles; exact dates not disclosed: ASX-listed, unlisted public and private companies — Corporate advisory, company secretarial and financial reporting; capital raisings, acquisitions, IPOs and takeovers. Management and our people (lines 58–64)

• current at cutoff; start date undisclosed: Fenix Resources Limited — Company Secretary. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; company secretary role overlap only.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

current at cutoff; start date undisclosed · analyst inference · medium materiality

Issuer biography lists Natalie Teo as Company Secretary and reports prior roles at ASX-listed, unlisted public and private companies. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 58–64)

Evidence gaps

• Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

• The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

• Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.