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2026-11-06

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Full background report

Andrew Bray

Executive Chairman

Career chronology

  • 2025-08-25–cutoff: Gateway Mining — Executive Chairman. Board and Management (Issuer management page, Andrew Bray entry)

  • By 2021–2024; former CEO by 2025 annual report: Strickland Metals — Chief Executive Officer. Annual Report 2026 (printed p. 41, Board and Management Restructure)

  • Appointed 25 August 2025–cutoff: Gateway Mining — Executive Chairman. Annual Report 2026 (printed p. 4, Directors; printed p. 40, post-year-end appointments)

Education and qualifications

Economics and Law degrees

Before 2025 · issuer reported · medium materiality

Gateway’s 2025 annual report says Bray holds a Bachelor of Economics and Bachelor of Laws (Honours I) from the University of Sydney.

Attribution: Responsibility not applicable. Education reported by issuer; independent degree verification was not undertaken.

Relevance: Relevant commercial, transaction and governance background for executive-chair role.

Annual Report to shareholders (printed p. 41, appointment biography); Annual Report 2026 (printed p. 40, appointment biography)

Personal achievements

Led Strickland through the Millrose sale to Northern Star

June 2021–June 2023 · issuer reported · high materiality

In June 2023, Strickland announced sale of Millrose to Northern Star for approximately A$61m: A$41m cash plus 1.5m Northern Star shares. The release attributes the quote about the transaction and project economics to Andrew Bray as CEO and thanks the technical team led by Richard Pugh. Strickland said it acquired the project for A$10m and spent about A$16m on drilling; reported A$35m profit is issuer calculation. This is attributable executive transaction leadership, not evidence of realized returns for every shareholder.

Attribution: Individual involvement documented. Bray was directly quoted as Strickland CEO on transaction outcome; exploration was a technical-team/company effort and commodity/market conditions also matter.

Relevance: Demonstrated capital allocation and asset monetisation experience relevant to a chair leading an explorer.

Sale of Millrose Project for $61M to Northern Star Resources (Key Points and Management Comment); Annual Report 2026 (printed p. 40, prior Strickland CEO role)

Contributions and company outcomes

Gateway Mining reported project and corporate progress

August 2025–September 2026 · issuer reported · medium materiality

During FY2026 Gateway completed the Yandal acquisition from Strickland for consideration of 1.5 billion convertible preference shares valued at A$45 million. In September 2026 it separately raised A$45 million in cash through a placement at A$0.08 per share. The annual report also records early exploration discoveries including Cowza; none should be treated as an operating mine or realized investment return. The issuer did not assign sole responsibility for these corporate outcomes to this executive.

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 2026 (printed pp. 4, 14; completed Yandal acquisition and early exploration results); Successful $45 Million Placement Completed (September 2026 placement announcement)

Governance and interests

Gateway acknowledged a Listing Rule 15.7 breach at a conference

9 September 2026; response 15 September 2026 · documented · high materiality

Gateway acknowledged that a slide stating the A$45m September 2026 placement was displayed at a conference at about 9:18am before ASX released the announcement at 9:35am. The company stated the Executive Chairman had reviewed and authorised the presentation before the conference; CEO was not aware of the delay and there was no practical opportunity to stop the slide after speaking began. Trading had not commenced, so no trades occurred in the gap. Gateway accepted the breach and committed to confirmation-of-release controls, real-time monitoring and board review of its disclosure policy. No personal penalty or finding against Bray was disclosed in the reviewed response.

Attribution: Individual involvement documented. The issuer directly states that the Executive Chairman authorised the presentation containing the slide; the breach is corporate and the response does not establish that Bray knew the announcement was delayed.

Relevance: Material current oversight issue for a listed-company executive chair; the company’s remediation and lack of pre-market trading limit the demonstrated effect.

Response to ASX Supervision Letter – Listing Rule 15.7 (pp. 1–2, answers 2–6; authorization, breach, circumstances and remedial controls)

Suitability for the current role

Relevance of current Executive Chairman role

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

The issuer identifies Andrew Bray as Executive Chairman. This role is relevant to the company's current mining stage and needs; this is an analyst role-fit inference based on the disclosed title and company profile, not evidence of past personal performance. The reviewed sources do not establish a complete prior-employer chronology, independently verified credentials or full concurrent-interest list.

Attribution: Responsibility not applicable. This is a role-fit judgment, not an outcome or misconduct finding.

Relevance: Assesses alignment of disclosed responsibilities with current company needs.

Board and Management (Issuer management page, Andrew Bray entry)

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.