LIONTOWN LIMITED

Career chronology

• Current as at cutoff: Liontown Limited — Managing Director and Chief Executive Officer. Board and management (Tony Ottaviano biography)

• Prior to Liontown; exact full tenure and role dates may be incomplete: Rio Tinto and BHP — Senior operations and improvement executive. Board and management (Tony Ottaviano biography)

• At least 2015: Samarco — BHP-nominated board member. Impiombato v BHP Group Ltd [2020] FCA 350 (paragraph 19); Município de Mariana v BHP Group [2025] EWHC 3001 (paragraph 436)

Contributions and company outcomes

Kathleen Valley production and FY2026 financial result

FY2026 · issuer reported · medium materiality

Liontown reported 391,992 dry metric tonnes of concentrate produced and A$93m net profit for FY2026, including one-off items; underlying profit was A$14m and operating cash flow A$182m. The company attributed better second-half prices as a contributor.

Attribution: Role overlaps event; causation unproven. His leadership role overlapped the reported result; personal causation is not established.

Relevance: Shows operating delivery and economic conditions during the role.

FY26 full-year results (Highlights and CEO statement)

Industrial safety

Injury frequency rose during ramp-up

June–October 2026 · issuer reported · medium materiality

The rolling 12-month total recordable injury frequency rate reached 14.16 at September 2026 versus 10.99 at June 2026; Liontown said it started a two-year safety-culture programme in October.

Attribution: Role overlaps event; causation unproven. His role overlaps the figures; the disclosures do not attribute individual injury or causation.

Relevance: Relevant to operating and safety oversight.

September 2026 Quarterly Activities and Cashflow Report (p.3, health and safety)

Litigation and enforcement

Fundão disaster and dismissed Brazilian charges

2015 failure; 2019 dismissal; 2020 prosecution appeal; final individual status unresolved · documented · high materiality

Ottaviano served on Samarco’s board as a BHP representative during the November 2015 Fundão dam failure, which killed 19 people. Brazilian prosecutors later included him in criminal charges. The Australian Federal Court recorded that all charges against him were dismissed at first instance on or about 16 December 2019 and prosecutors appealed on or about 22 January 2020. The original Brazilian dismissal and final status of his individual appeal were not obtained. A 2025 English judgment describes wider dismissals and some continuing appeals but does not establish his individual appeal outcome. No conviction or finding of personal fault is asserted.

Attribution: Individual involvement documented. Board membership and the procedural history are documented; membership and allegations alone do not establish personal causation or guilt.

Relevance: Material oversight and legal context for assessing executive experience.

Impiombato v BHP Group Ltd [2020] FCA 350 (paragraphs 19, 38); Caso Samarco: trâmite da ação penal (p. 1 procedural summary); Município de Mariana v BHP Group [2025] EWHC 3001 (paragraphs 436 and 858–859)

Suitability for the current role

Relevant disclosed professional background

Career through October 2026 · analyst inference · medium materiality

Liontown identifies former Rio Tinto and BHP operational, projects and improvement roles; its dated commencement release says he commenced as Liontown CEO and MD on 5 May 2021. Analyst inference: the experience is relevant to the current role, subject to independent verification.

Attribution: Responsibility not applicable. Role fit is inferred from issuer-described experience, not proof of individual performance or credentials.

Relevance: Assess skills relevant to the role.

Board and management (Tony Ottaviano biography); Tony Ottaviano commences as Managing Director (5 May 2021 announcement; appointment and past roles)

Evidence gaps

• Prior-employer role dates, personal contribution and independently verified qualifications are incomplete.

• Targeted web searches are screening-level; complete regulator, court, sanctions and criminal records were not independently obtained.

• Topic searches reused a broad person/employer query; dedicated independent searches across all topics and material employers were not completed. Search log records source-specific findings and unsearched topics as gaps.

• The original Brazilian dismissal order and final disposition of the 2020 prosecution appeal involving Ottaviano were not obtained; wider proceedings cannot establish his personal appeal outcome.

Career chronology

• Current as at cutoff: Liontown Limited — Chief Operating Officer. Board and management (Ryan Hair biography)

• Prior to Liontown; exact full tenure and role dates may be incomplete: Covalent Lithium — Chief Executive Officer. Mt Holland fire response and restart (CEO quote and restart)

Contributions and company outcomes

Kathleen Valley production and FY2026 financial result

FY2026 · issuer reported · medium materiality

Liontown reported 391,992 dry metric tonnes of concentrate produced and A$93m net profit for FY2026, including one-off items; underlying profit was A$14m and operating cash flow A$182m. The company attributed better second-half prices as a contributor.

Attribution: Role overlaps event; causation unproven. His leadership role overlapped the reported result; personal causation is not established.

Relevance: Shows operating delivery and economic conditions during the role.

FY26 full-year results (Highlights and CEO statement)

Covalent resumed after bushfire

January 2025 · issuer reported · low materiality

Covalent said all personnel were safe and Mt Holland resumed normal operations by 31 January 2025 after a serious bushfire; it credited emergency services and its team.

Attribution: Role overlaps event; causation unproven. Hair was quoted as CEO; the source attributes the response to the wider team and emergency services.

Relevance: Shows an employer-level emergency response during his prior CEO role.

Mt Holland fire response and restart (Headline and CEO statement)

Industrial safety

Injury frequency rose during ramp-up

June–October 2026 · issuer reported · medium materiality

The rolling 12-month total recordable injury frequency rate reached 14.16 at September 2026 versus 10.99 at June 2026; Liontown said it started a two-year safety-culture programme in October.

Attribution: Role overlaps event; causation unproven. His role overlaps the figures; the disclosures do not attribute individual injury or causation.

Relevance: Relevant to operating and safety oversight.

September 2026 Quarterly Activities and Cashflow Report (p.3, health and safety)

Suitability for the current role

Relevant disclosed professional background

Career through October 2026 · analyst inference · medium materiality

Liontown says Hair previously led Covalent Lithium and Mt Holland development; he signed Covalent’s environmental policy as CEO. Liontown’s FY2026 half-year report records his 11 August 2025 COO appointment. Analyst inference: the experience is relevant to the current role, subject to independent verification.

Attribution: Responsibility not applicable. Role fit is inferred from issuer-described experience, not proof of individual performance or credentials.

Relevance: Assess skills relevant to the role.

Board and management (Ryan Hair biography); FY2026 half-year report (Note 14: 11 August 2025 COO appointment); Covalent Lithium Earl Grey environmental assessment (Appendix: environmental policy, Ryan Hair signature)

Evidence gaps

• Prior-employer role dates, personal contribution and independently verified qualifications are incomplete.

• Targeted web searches are screening-level; complete regulator, court, sanctions and criminal records were not independently obtained.

• Topic searches reused a broad person/employer query; dedicated independent searches across all topics and material employers were not completed. Search log records source-specific findings and unsearched topics as gaps.

Career chronology

• Current as at cutoff: Liontown Limited — Chief Financial Officer. Board and management (Greg Jason biography)

• Prior to Liontown; exact full tenure and role dates may be incomplete: Austal Limited — Group Chief Financial Officer. Austal CFO resignation (p.1, CFO resignation and service)

Governance and interests

Austal disclosure breach and US subsidiary fraud

2013–2016 conduct; 2022 and 2024 outcomes · documented · high materiality

Jason was Austal group CFO during its 2016 ship cost review. ASIC sued Austal and then-CEO David Singleton, and in 2022 the Federal Court found company disclosure contraventions and Singleton knowingly concerned. In 2024 Austal USA pleaded guilty to securities fraud and obstruction concerning 2013–2016. ASIC’s statement identifies Jason as CFO who proposed analysis; he was not a defendant in the ASIC civil proceedings, and the cited DOJ release does not accuse him.

Attribution: Role overlaps event; causation unproven. Jason was the parent CFO and had a documented cost-review role; the cited proceedings do not establish personal misconduct or responsibility for the subsidiary fraud.

Relevance: Material governance context for a current CFO; entity and individual findings are distinct.

ASIC concise statement, Austal and Singleton (pp.2–4, ASIC allegations and CFO cost review); ASIC v Austal and Singleton regulatory outcome (Editor note 5, 10 October 2022 declarations); Austal USA pleads guilty to accounting fraud (Plea and 2013–2016 scheme)

Suitability for the current role

Relevant disclosed professional background

Career through October 2026 · analyst inference · medium materiality

Austal’s 2021 resignation announcement and Liontown’s 2025 appointment disclosure identify him as Austal CFO before the TLEA and Liontown finance roles. Analyst inference: the experience is relevant to the current role, subject to independent verification.

Attribution: Responsibility not applicable. Role fit is inferred from issuer-described experience, not proof of individual performance or credentials.

Relevance: Assess skills relevant to the role.

Board and management (Greg Jason biography); Austal CFO resignation (p.1: CFO resignation and service); Executive Leadership Team Appointments (p.1: 2025 appointment and prior roles)

Evidence gaps

• Prior-employer role dates, personal contribution and independently verified qualifications are incomplete.

• Targeted web searches are screening-level; complete regulator, court, sanctions and criminal records were not independently obtained.

• ASIC concise statement is an allegation document. A complete primary copy of [2022] FCA 1231 could not be opened; ASIC describes the declarations and orders.

• Topic searches reused a broad person/employer query; dedicated independent searches across all topics and material employers were not completed. Search log records source-specific findings and unsearched topics as gaps.

Career chronology

• Current as at cutoff: Liontown Limited — Chief People Officer. Board and management (Lisa Breen biography)

• Prior to Liontown; exact full tenure and role dates may be incomplete: Austal; MMA Offshore — People and human resources executive. Executive Leadership Team Appointments (p.1, prior employers)

Litigation and enforcement

Austal union-entry dispute and case penalty

2021 event; 2023 appeal and 2024 case · documented · high materiality

The 2023 Full Federal Court judgment names Breen as a respondent and says it appeared she indicated that a union official’s proposed entry would be refused on the first of three occasions in 2021. The respondents disputed the union’s claim, and the union’s case was initially dismissed; the Full Court allowed its appeal and remitted it. A later Federal Court judgment reports an A$80,000 total penalty in the 2024 Austal case. The 2024 reasons and orders could not be opened; the precise payer and any personal order were not independently confirmed.

Attribution: Individual involvement documented. The appeal court states that it appeared Breen communicated the refusal. The later source confirms only a case-level penalty; the precise orders and payer are not independently established.

Relevance: Relevant to employee-relations leadership and legal-risk assessment.

CEPU v Austal Ships [2023] FCAFC 180 (paras.1–5 and orders: parties, refusal and appeal); TWU v Qantas penalty [2025] FCA 971 (para.282(12): 2024 Austal penalty amount)

Suitability for the current role

Relevant disclosed professional background

Career through October 2026 · analyst inference · medium materiality

Liontown’s appointment release describes Austal people leadership from 2015–24 and later MMA Offshore executive HR management; the 2025 enterprise agreement bears her signature in that role. Analyst inference: the experience is relevant to the current role, subject to independent verification.

Attribution: Responsibility not applicable. Role fit is inferred from issuer-described experience, not proof of individual performance or credentials.

Relevance: Assess skills relevant to the role.

Board and management (Lisa Breen biography); Executive Leadership Team Appointments (p.1: 2025 appointment and past role); MMA Offshore Vessel Operations and Officers enterprise agreement (signed agreement p.68: MMA executive human resources role)

Evidence gaps

• Prior-employer role dates, personal contribution and independently verified qualifications are incomplete.

• Targeted web searches are screening-level; complete regulator, court, sanctions and criminal records were not independently obtained.

• The original full 2024 penalty judgment timed out; precise personal orders and any further appeal were not independently confirmed. A later court judgment confirms the total case penalty.

• Topic searches reused a broad person/employer query; dedicated independent searches across all topics and material employers were not completed. Search log records source-specific findings and unsearched topics as gaps.

• The later judgment does not identify the penalty payer; no personal penalty is asserted. Original 2024 reasons and orders remain inaccessible.

Career chronology

• Current as at cutoff: Liontown Limited — Company Secretary. Board and management (Clint McGhie biography)

• Prior to Liontown; exact full tenure and role dates may be incomplete: Salt Lake Potash — CFO and Company Secretary; subsequently finance manager. Salt Lake appointment of CFO and secretary (Appointment as CFO and secretary)

Business failures and setbacks

Salt Lake Potash entered administration after McGhie left

2018–2021, administration in October 2021 · documented · medium materiality

Salt Lake Potash appointed McGhie CFO and company secretary in 2018. A May 2021 Liontown report described him as having recently left Salt Lake. ASX records administrators were appointed on 20 October 2021, after shares had been suspended from 29 July. His precise departure date and individual role in the later outcome were not independently established.

Attribution: Employer context; no individual link established. His disclosed role ended before the October administration; no personal responsibility for the later failure has been established.

Relevance: Subsequent prior-employer outcome, with chronology and attribution limits.

Salt Lake appointment of CFO and secretary (10 August 2018 announcement); Liontown executive appointment announcement (5 May 2021 announcement); Salt Lake Potash suspension of approval (ASX notice, appointment and suspension dates)

Suitability for the current role

Relevant disclosed professional background

Career through October 2026 · analyst inference · medium materiality

Salt Lake announced his CFO/secretary appointment in August 2018; a May 2021 Liontown appointment disclosure describes him as until recently its finance manager and secretary. Analyst inference: the experience is relevant to the current role, subject to independent verification.

Attribution: Responsibility not applicable. Role fit is inferred from issuer-described experience, not proof of individual performance or credentials.

Relevance: Assess skills relevant to the role.

Board and management (Clint McGhie biography); Salt Lake appointment of CFO and secretary (10 August 2018 CFO and secretary appointment); Liontown executive appointment announcement (5 May 2021 appointment; prior role)

Evidence gaps

• Prior-employer role dates, personal contribution and independently verified qualifications are incomplete.

• Targeted web searches are screening-level; complete regulator, court, sanctions and criminal records were not independently obtained.

• McGhie’s exact Salt Lake departure date and nature of his work during Lake Way development were not independently established.

• Topic searches reused a broad person/employer query; dedicated independent searches across all topics and material employers were not completed. Search log records source-specific findings and unsearched topics as gaps.

Career chronology

• Current as at cutoff: Liontown Limited — Chief Commercial Officer. Board and management (Grant Donald biography)

• Prior to Liontown; exact full tenure and role dates may be incomplete: Rio Tinto — Commercial general manager and finance/commercial roles. Board and management (Grant Donald biography)

Personal achievements

Commercial function and offtake responsibilities

2022–2026 · self reported · medium materiality

A 2024 industry-event biography describes Donald as responsible for establishing Liontown’s commercial team and managing LG Energy Solution, Tesla and Ford relationships, and as playing a role in the LG partnership. Liontown’s later quarterly report also discloses settlement of a confidential customer dispute, with A$21.6m accrued in FY2026; its cause and Donald’s responsibility are not disclosed.

Attribution: Individual involvement documented. The industry profile is attributed career material; company dispute facts do not establish any individual responsibility.

Relevance: Relevant commercial delivery and unresolved customer-settlement context.

Battery Gigafactories Asia Pacific speaker details (Speaker biography, commercial team and offtake); September 2026 Quarterly Activities and Cashflow Report (p.1 footnote 1: customer dispute)

Suitability for the current role

Relevant disclosed professional background

Career through October 2026 · analyst inference · medium materiality

Liontown says Donald joined in November 2022 after Rio Tinto commercial roles; an industry event biography identifies his Liontown commercial and offtake responsibilities. Analyst inference: the experience is relevant to the current role, subject to independent verification.

Attribution: Responsibility not applicable. Role fit is inferred from issuer-described experience, not proof of individual performance or credentials.

Relevance: Assess skills relevant to the role.

Board and management (Grant Donald biography); Battery Gigafactories Asia Pacific speaker details (speaker biography, commercial responsibilities)

Evidence gaps

• Prior-employer role dates, personal contribution and independently verified qualifications are incomplete.

• Targeted web searches are screening-level; complete regulator, court, sanctions and criminal records were not independently obtained.

• Topic searches reused a broad person/employer query; dedicated independent searches across all topics and material employers were not completed. Search log records source-specific findings and unsearched topics as gaps.