Iltani Resources Limited

Career chronology

• 2014–22 April 2021: Red River Resources — Managing Director to July 2015, then executive director with strategy and business development responsibility. Red River Resources 2015 annual financial report (Chair’s message and directors report, pp.1–2, 17); Red River Resources 2022 annual financial report (Printed p.40, resignation footnote)

• Adviser from March 2022; director 1 November 2022–19 January 2024: Great Northern Minerals — Board adviser and later non-executive director. September 2022 board appointment update (p.2, withdrawn original appointment and adviser status); 2023 annual report (Directors report p.2: 1 November appointment); 2024 annual report (Printed p.18: resignation)

• Current as at October 2026: Iltani Resources Limited — Managing Director. Annual report for the year ended 30 June 2026 (Printed p.2 and director biographies); Bulk sample sorted as Orient testwork continues (21 October article identifies managing director)

Personal achievements

Relevant professional background and qualifications

Previous career / current appointment; exact periods only where stated · issuer reported · medium materiality

25+ years in resources; geology and corporate finance experience. At Red River (2014–2021), strategy and business development; issuer credits him with transforming it into a listed company with operating assets. BSc (Hons), MSc and listed professional memberships.

Attribution: Individual involvement documented. This is an issuer-published career summary; it is not independent verification of every claimed contribution.

Relevance: The disclosed roles and qualifications bear on the executive’s managing director responsibilities.

Board & Management (lines 57–65)

Contributions and company outcomes

Red River grew during Garner’s disclosed strategy role, then later failed

Garner role 2014–2021; later insolvency 2022–2023 · issuer reported · medium materiality

Iltani’s prospectus credits Garner with RVR strategy/business development and describes growth to a $150m listed company with operating Thalanga and Hillgrove assets. A separate later record shows administration/liquidation in 2022–23 after his stated departure in 2021. The promotional growth claim and later failure are kept distinct; no individual causal claim is made.

Attribution: Individual involvement documented. Prospectus attributes strategy and BD remit; it does not prove sole authorship of company growth. Later failure post-dates tenure.

Relevance: Provides balanced context for claimed prior-company track record.

Iltani Resources Prospectus (p.63, Donald Garner biography; compare administration archive); Red River Resources administration and liquidation notices archive (Archive chronology, 30 November 2022 and August 2023); Red River Resources 2022 annual financial report (Printed p.40, director resignation date)

Orient resource and early testwork advanced under current team

FY2026–October 2026 · issuer reported · medium materiality

The FY2026 annual report records an initial 62.5 Mt Orient resource estimate and 88 reverse-circulation holes plus two diamond holes in the year; Mining One estimated the resource. In October 2026 five tonnes of drill core were sorted for metallurgical testing, while flotation and the scoping study remained future work.

Attribution: Role overlaps event; causation unproven. Garner was managing director; resource estimation was performed by an independent consultant and the evidence does not apportion individual contribution. Resource estimates and testwork are not production.

Relevance: Tracks observable exploration delivery and limits against the company’s development objectives.

Annual report for the year ended 30 June 2026 (PDF pp. 4–5, 14: FY2026 work and competent persons); Bulk sample sorted as Orient testwork continues (Article dated 21 October: sorting completed and flotation pending)

Business failures and setbacks

Red River entered administration after Garner’s tenure ended

2022–2023; Garner disclosed Red River role 2014–2021 · documented · low materiality

Red River’s administrators were appointed in November 2022 after its directors said they believed the company was or might become insolvent; a later creditors’ process recommended winding up/liquidation. Garner’s disclosed Red River role ended in 2021, so the later failure is an employer outcome outside his tenure and does not establish personal responsibility.

Attribution: Employer context; no individual link established. Available dated archive attributes appointment decision to Red River directors and places it after Garner’s departure; it does not establish his involvement in later solvency decisions.

Relevance: Relevant historical outcome of a material former employer; weak personal relevance.

Red River Resources administration and liquidation notices archive (Archive timeline entries dated 30 Nov and 5 Dec 2022 and 26 Jun 2023; compare Iltani prospectus p.63)

Governance and interests

Red River obtained court relief for auditor appointment oversight

2018–March 2021 · documented · medium materiality

Red River did not secure shareholder appointment of its auditor at its 2018, 2019 and 2020 meetings; the Federal Court granted relief in March 2021 and found the failure arose from honest inadvertence. The court validated the appointment and relevant notices and relieved the company and relevant directors/officers from specified civil liabilities.

Attribution: Role overlaps event; causation unproven. Garner was a Red River executive director during the period. The court found the oversight was due to company secretary Bodley’s honest inadvertence and not dishonesty or intentional action; it did not establish personal fault by Garner.

Relevance: A prior governance-control outcome, with the court’s favorable finding and corrective relief retained.

Red River Resources Ltd [2021] FCA 320 (Orders and reasons, [2021] FCA 320, paragraphs 11–15 and court findings on honest inadvertence); Red River Resources 2022 annual financial report (Printed p.40, Garner’s 22 April 2021 departure); 2021 AGM notice and explanatory memorandum (Printed p.17, issuer explanation and orders)

Suitability for the current role

Current role relevance is supported at title level

At evidence cutoff · analyst inference · medium materiality

Analyst inference: the disclosed current title indicates experience relevant to the assigned function. The record reviewed does not establish individual delivery outcomes or independently verify credentials beyond the cited issuer disclosure.

Attribution: Responsibility not applicable. This is an analytical role-fit judgment, not a claim of proven performance.

Relevance: Current role scope is directly relevant to team composition; evidence of delivery remains limited.

Board & Management (issuer Board & Management page, named biography and role.)

Evidence gaps

• Degrees and professional memberships have not been independently verified with awarding bodies.

• His precise personal contribution to Red River operating results and later insolvency is not established; insolvency followed his departure.

• Full court, regulatory, environmental and safety searches are not exhaustive; detailed prior-employer career dates and shareholder-return attribution remain limited.

• Separate person-and-employer searches of court, regulator, fraud, safety and environmental records were not completed for every material prior role; broad combined searches cannot establish that those checks were performed.

Career chronology

• July 2013–June 2019: Leydin Freyer Corp — Director, chartered accounting firm. Auctus Investment Group 2021 annual report (Printed p.7, company secretary biography)

• Since July 2019: JM Corporate Services — Principal. Auctus Investment Group 2021 annual report (Printed p.7, company secretary biography)

• Current as at FY2026 reporting date: Iltani Resources — Non-executive director and company secretary. Annual report for the year ended 30 June 2026 (PDF p.3, corporate directory, and p.23 director biography)

Personal achievements

Relevant professional background and qualifications

Previous career / current appointment; exact periods only where stated · issuer reported · medium materiality

Chartered Accountant and Governance Institute of Australia Fellow; 15+ years public-company statutory, governance and reporting experience; principal of JM Corporate Services since July 2019.

Attribution: Individual involvement documented. This is an issuer-published career summary; it is not independent verification of every claimed contribution.

Relevance: The disclosed roles and qualifications bear on the executive’s non-executive director and company secretary responsibilities.

Board & Management (lines 48–54)

Governance and interests

Company secretarial and accounting services were disclosed as related-party services

2023 prospectus and FY2026 · issuer reported · medium materiality

Iltani’s prospectus discloses JM Corporate Services, for which Mouchacca was sole director and shareholder, was engaged for secretarial and accounting services. The audited FY2026 report records A$108,000 paid to the related entity and describes the arrangement as arm’s length; that description is the company’s, not an independent finding.

Attribution: Individual involvement documented. Prospectus explicitly identifies ownership/engagement and proposed fee terms; no breach is alleged.

Relevance: Relevant to NED/company secretary independence and governance controls.

Iltani Resources Prospectus (pp.64–65, sections 6.2–6.3); Annual report for the year ended 30 June 2026 (PDF p.30 and p.46 note 15)

Suitability for the current role

Current role relevance is supported at title level

At evidence cutoff · analyst inference · medium materiality

Analyst inference: the disclosed current title indicates experience relevant to the assigned function. The record reviewed does not establish individual delivery outcomes or independently verify credentials beyond the cited issuer disclosure.

Attribution: Responsibility not applicable. This is an analytical role-fit judgment, not a claim of proven performance.

Relevance: Current role scope is directly relevant to team composition; evidence of delivery remains limited.

Board & Management (issuer Board & Management page, named biography and role.)

Evidence gaps

• Independent verification of accountancy qualifications and professional memberships was not obtained.

• The commercial benchmarking and conflict-management operation for the disclosed related-party service fees have not been independently reviewed.

• Searches are open-web screening only; comprehensive court, regulator, employer-outcome and current external-appointment records were not obtained.

• Separate person-and-employer searches of court, regulator, fraud, safety and environmental records were not completed for every material prior role; broad combined searches cannot establish that those checks were performed.

Career chronology

• Since 2005, as reported in August 2006 certificate: Intrepid Mines — Exploration Manager, Australia. Paulsens technical report and Norum certificate (Signed certificate, p. final certificate)

• Recently appointed by 30 April 2012; employment ended 9 August 2014: Monto Minerals — Exploration Manager, Herberton field office. Monto Minerals March 2012 quarterly report (p.3, recent appointment); Monto Minerals 2014 annual report (Printed pp.15–16, exploration manager and 9 August 2014 departure)

• At September–October 2026 cutoff: Iltani Resources — Exploration Manager. Annual report for the year ended 30 June 2026 (PDF p.14, competent-person statement); QIC supports Iltani Orient drilling (2 October article, manager and drilling programme)

Personal achievements

Relevant professional background and qualifications

Previous career / current appointment; exact periods only where stated · issuer reported · medium materiality

30+ years geology, 20+ in senior/management roles; BSc Applied Geology, Member of Australian Institute of Geoscientists; exploration through resource development and mine geology experience.

Attribution: Individual involvement documented. This is an issuer-published career summary; it is not independent verification of every claimed contribution.

Relevance: The disclosed roles and qualifications bear on the executive’s exploration manager responsibilities.

Board & Management (lines 71–79)

Technical reporting across the Herberton district

2005–2006 and FY2026 · documented · medium materiality

A 2006 signed technical certificate reports that Norum was Intrepid’s Australian exploration manager and identifies his geology degree and professional membership. Iltani’s 2026 report identifies him as the competent person responsible for compiling its exploration results; Mining One, not Norum, is named for the Orient mineral-resource estimate.

Attribution: Individual involvement documented. The certificate is Norum’s self-report; the company’s competent-person statement identifies his technical reporting role but does not independently verify the degree or attribute the resource estimate to him.

Relevance: Shows directly identified exploration-reporting experience relevant to the current role.

Paulsens technical report and Norum certificate (Signed certificate dated 20 August 2006); Annual report for the year ended 30 June 2026 (PDF p.14, competent persons for exploration results and resource estimates)

Environmental record

Former Monto subsidiary and mine operator fined after water releases

2011–2013; remediation update April 2026 · documented · high materiality

During the 2011–12 wet season, mine-affected water entered Jamie Creek and the Walsh River from Baal Gammon. Queensland said Monto subsidiary Baal Gammon Copper pleaded guilty to environmental-authority and protection-order breaches and was fined A$80,000 in 2013; operator Kagara was separately fined A$120,000. Queensland’s April 2026 update reports primary remediation completed, but ongoing care and monitoring, and says creek contamination also reflects geological factors and historic mining.

Attribution: Role overlaps event; causation unproven. Monto’s April 2012 report described Norum as recently appointed exploration manager, a July 2013 announcement names him in that role, and its 2014 report records his August 2014 departure. The precise start date and overlap with the 2011–12 releases are not established. Kagara operated the mine; the sources do not establish that Norum operated the site, directed the releases or committed a breach.

Relevance: A material environmental and oversight outcome at a former employer relevant to current exploration work in the same region.

Monto Minerals March 2012 quarterly report (Quarterly report published 30 April 2012, p.3, recent Herberton exploration appointment); Monto Minerals 2014 annual report (Printed pp.15–16, 2014 remuneration and employment end date); Baal Gammon update (pp.1–2, operator, permit holder and environmental evaluation); State government holds mine owner to account (12 September 2013 government statement); Baal Gammon Copper Mine media release (21 November 2013 administrator media release, p.1); Baal Gammon remediation project (1 April 2026 update, status and Jamie Creek water); Further high grade tin results from follow-up drilling (Page 4, competent persons statement names exploration manager); Miner fined $120K over waterways pollution (22 November 2013 article, court outcome and separate corporate fines)

Suitability for the current role

Current role relevance is supported at title level

At evidence cutoff · analyst inference · medium materiality

Analyst inference: the disclosed current title indicates experience relevant to the assigned function. The record reviewed does not establish individual delivery outcomes or independently verify credentials beyond the cited issuer disclosure.

Attribution: Responsibility not applicable. This is an analytical role-fit judgment, not a claim of proven performance.

Relevance: Current role scope is directly relevant to team composition; evidence of delivery remains limited.

Board & Management (issuer Board & Management page, named biography and role.)

Evidence gaps

• No original court judgment or complete investigation and remediation file was obtained for the 2012 Baal Gammon releases; contemporaneous roles do not establish Norum’s personal involvement.

• Independent confirmation of university degree and current professional membership was not obtained.

• Complete prior-employer history, his specific responsibility for Iltani exploration outcomes, and comprehensive regulator and court records remain unavailable.

• Separate person-and-employer searches of court, regulator, fraud, safety and environmental records were not completed for every material prior role; broad combined searches cannot establish that those checks were performed.

• His exact start date at Monto is unknown, so overlap with the 2011–12 releases is not established; his separate July 2013 exploration role does not establish mine-operation responsibility.