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2026-11-06

← GBR management

Full background report

Andrew Paterson

Managing Director

Career chronology

Education and qualifications

Mining geology and mining qualification reported

Reported in 2016; qualification dates not stated · issuer reported · medium materiality

A 2016 Kingston Resources issuer presentation states that Paterson holds a Bachelor of Engineering in Geology and a Graduate Diploma in Mining from the Western Australian School of Mines. His later appointment announcement describes him as a geologist; degree records were not independently obtained.

Attribution: Individual involvement documented. Issuer biography names the qualification; university verification was not conducted.

Relevance: Relevant technical qualification for exploration and project leadership.

Investor Presentation (p.5, biography)

Contributions and company outcomes

Great Boulder Resources reported project and corporate progress

FY25–FY26 as stated in cited issuer disclosure · issuer reported · medium materiality

The FY26 annual report describes the Side Well resource reaching about 1.02 million ounces and the year-end Peak Hill acquisition. These are issuer-reported company outcomes; they do not establish each executive’s causal contribution.

Attribution: Role overlaps event; causation unproven. The role may overlap the period, but the issuer report does not assign sole or causal credit to this executive.

Relevance: Provides evidence of the operating or project context the leadership team must continue to execute.

Annual Report to shareholders 2026 (Annual report, Chair/CEO letter and Review of Operations)

Directly identified technical work on GBR resources; project delivery remains pre-production

Side Well resource update December 2025; Peak Hill acquired May 2026; annual report dated 18 September 2026 · issuer reported · high materiality

Great Boulder’s 2026 annual report identifies Paterson as the Competent Person for exploration results and mineral-resource information and says the reported work was prepared by him. The report records 1.02Moz at Side Well and a 481koz Peak Hill resource following the acquisition. This supports a documented technical role and company project progress, not personal credit for every discovery or a realised return; the projects remained pre-production.

Attribution: Individual involvement documented. The issuer explicitly attributes resource information and supporting work to Paterson as Competent Person. Acquisition decisions and project-level success are not solely attributed to him.

Relevance: Directly relevant to his technical MD remit and transition from exploration to project studies.

Annual Report to shareholders 2026 (printed pp.21–22, Competent Person statements); Annual Report to shareholders 2026 (printed pp.5–9, project review and resource inventory)

Business failures and setbacks

Paterson described early Mount Magnet South role as a difficult start

2006–2008 role; retrospective account in 2023 · self reported · medium materiality

In a sponsored 2023 interview, Paterson said his first managing-director assignment at Mount Magnet South, begun in 2006, was “a bit of a disaster” as a first corporate role. The statement is his retrospective description; the interview does not specify a project loss or quantify an outcome. An issuer presentation records the company completed its IPO and acquired the Kirkalocka operation in 2008. No personal misconduct or individual causation of later company outcomes is established.

Attribution: Individual involvement documented. Paterson personally described the experience as difficult; the factual scale and company outcome are not independently quantified by the interview.

Relevance: A candid early executive challenge is relevant context for evaluating later executive learning, but it is not evidence of repeated failure.

Andrew Paterson: on Great Boulder, Side Well, and everything gold (paras. 70–80); Investor Presentation (p.5, Kirkalocka acquisition)

Litigation and enforcement

Court granted curative orders after delayed share cleansing notice

23 March–13 July 2023 · documented · high materiality

Great Boulder failed to lodge a cleansing notice within five business days after issuing 18 million placement shares on 23 March 2023. The company relied on incorrect or incomplete legal advice, suspended trading when the problem came to light, lodged the notice on 10 July, and asked the Supreme Court for relief. The Court found the company and sellers acted honestly, that no substantial injustice was shown, and granted the requested validating orders. Paterson swore the primary affidavit and led the disclosed response; the judgment did not find personal wrongdoing by him.

Attribution: Individual involvement documented. Paterson provided the company’s primary affidavit and was MD during the event; the Court attributed the legal interpretation failure to advice received and found honest conduct. No personal misconduct finding was made.

Relevance: A material disclosure-control incident and subsequent remedial action during his current CEO/MD tenure.

Re Great Boulder Resources Ltd; Ex parte Great Boulder Resources Ltd [2023] WASC 258 (paras. 1–3, factual background; para. 10 and disposition); Annual Report to shareholders 2026 (printed p.21, Paterson’s current role)

Governance and interests

Disclosed related-party HR consultancy payments

FY26; agreement made 8 August 2024 · issuer reported · medium materiality

The FY26 remuneration report says Great Boulder contracted with Inspire HR, a business associated with Paterson’s spouse, on 8 August 2024. Inspire HR invoiced A$18,800 including GST in FY26, with nothing owing at year end; the report states the terms were normal commercial terms and market rates. This is a disclosed related-party transaction, not a finding of improper conduct.

Attribution: Individual involvement documented. The annual report identifies the relationship and transaction; no independent price benchmarking was reviewed.

Relevance: Relevant to conflict disclosure and related-party controls for the managing director.

Annual Report to shareholders 2026 (printed p.31, remuneration report, other transactions with KMP and related parties)

Suitability for the current role

Relevance of current Managing Director role

Current at 2026-10-09 · analyst inference · medium materiality

Paterson has a geology and exploration career, with issuer sources recording a BEng in Geology and a Graduate Diploma in Mining from the Western Australian School of Mines. The qualifications are reported, not independently verified. His operational, geology, exploration and executive experience is relevant to Great Boulder’s exploration and early project-development stage.

Attribution: Responsibility not applicable. Analyst role-fit judgment from reported qualifications and career, not proof of performance.

Relevance: Connects disclosed qualifications and operating/geological experience to an exploration-to-development leadership role.

Investor Presentation (p.5, education and career); Appointment of Managing Director (p.1, career range)

Evidence gaps

  • A complete dated career chronology, verified education/professional membership and full concurrent-interest record were not established.

  • Person-specific enforcement, litigation, safety, environmental, legal and governance searches across material former employers remain uncompleted; no clearance conclusion is implied.