Marcelo de Carvalho

Career chronology

• Since 2021-07-20: Meteoric Resources Limited — Executive Director / Chief Geologist. Half Yearly Report and Accounts, 30 June 2026 (Directors’ report / current executive roster)

• Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — exploration geologist at AngloGold and Vale; Greenfields Exploration Manager at Yamana Gold; founded Target Latin America consultancy. Leadership Team (leadership biography)

• Early career; before joining Yamana Gold: AngloGold Ashanti; Vale — Exploration geologist, gold and base metals exploration in Brazil. Brazilian at company leadership (career profile)

• Joined after PhD in 2004; left in 2012: Yamana Gold — Greenfields Exploration Manager. Brazilian at company leadership (career profile)

• After leaving Yamana in 2012; exact start date not confirmed: Target Latin America — Co-founder / exploration consultant. Brazilian at company leadership (career profile)

• Director appointed 20 July 2021; current as of cutoff: Meteoric Resources NL — Executive Director and Chief Geologist. Annual Report 2025 (director biography and appointment date)

Education and qualifications

Education and professional credentials

Not dated · issuer reported · low materiality

BGeology, State University of São Paulo; PhD metallogenesis, UWA. Credentials are reported in the cited issuer or secondary biography; the issuing institutions were not independently queried in this pass.

Attribution: Individual involvement documented. The cited biography names the qualification; independent verification of award records was not available.

Relevance: Relevant professional preparation for the current position.

Leadership Team (leadership biography)

Contributions and company outcomes

Company-level project and delivery record

Most recent report through cutoff · issuer reported · medium materiality

Meteoric’s 2026 half-year report documents Caldeira project advancement, and the issuer announced a proposed Lynas scheme on 1 October 2026. The scheme remains conditional; no completed acquisition is counted as delivery.

Attribution: Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Half Yearly Report and Accounts, 30 June 2026 (operations / Caldeira project progress)

Environmental record

Caldeira licensing challenged; MPF inquiry and suspension requests unresolved

2026-06 · documented · high materiality

The Caldeira project is subject to unresolved environmental and radiological licensing challenges. In December 2025 the Federal Public Prosecutor’s Office (MPF) opened a civil inquiry into possible irregularities in processing state licensing case 00911/2024; that is an inquiry, not a finding of wrongdoing. The state granted a Preliminary Licence (LP) in December 2025, but a separate Installation Licence (LI) is still required. In June 2026 a federal-court proceeding required an ANSN technical opinion before licensing could advance, according to local reporting. On 10 September 2026, local reporting said civil-society organizations had filed a civil public action questioning Caldeira and another project; the MPF, as legal watchdog rather than plaintiff, supported suspension pending a conclusive ANSN opinion. The article did not report a court order suspending the Caldeira process. Meteoric responded that ANSN had issued a final report in late August classifying its pilot facility as exempt from radiological control and said the MPF opinion was not a judgment. On 17 September, a local alliance separately asked MPF/FEAM to suspend the installation-license process until cumulative-impact and water studies were completed; Meteoric replied that it considered its technical, environmental and social studies robust and remained open to dialogue. As of the 9 October 2026 cutoff, no final court disposition, suspension order, or final LI award was identified. These are project- and company-level proceedings and stakeholder objections, not findings of misconduct by any named executive; the reviewed record does not establish individual responsibility.

Attribution: Role overlaps event; causation unproven. The executive team oversees Caldeira, but the order addresses project review and does not establish personal responsibility or misconduct.

Relevance: Radiological permitting is central to the flagship rare-earth project.

Federal court orders further radiological review for Caldeira (lead paragraph); Half Yearly Report and Accounts, 30 June 2026 (operations and compliance sections); Caldeira Project Licensing Update (issuer update on court-directed ANSN review); Lynas Takeover Offer (scheme timeline and outstanding approvals); Portaria 107/2025 opens civil inquiry into environmental licensing process (Portaria 107/2025, p. 12; inquiry scope and target licensing case); Environmental licensing case 00911/2024 – Preliminary License (FEAM licensing registry; LP granted 20 Dec 2025; LI is separate); Civil Public Action questions rare-earth licensing; MPF seeks suspension pending ANSN opinion (paras. 88–100, 122–133; MPF position, procedural status, company response and ANSN claim); Community alliance asks MPF and FEAM to suspend installation-license processes (paras. 90–110 and 132–135; community requests, study issues and company response); Caldeira Project Licensing Update (18 June issuer licensing update; LI timetable)

Suitability for the current role

Professional fit for Executive Director / Chief Geologist

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Half Yearly Report and Accounts, 30 June 2026 (Current executive roster); Leadership Team (leadership biography); Half Yearly Report and Accounts, 30 June 2026 (Directors’ report / current executive roster); Brazilian at company leadership (career profile); Annual Report 2025 (director biography and appointment date)

Evidence gaps

• The Brazilian nuclear authority’s final technical opinion following the June 2026 court-ordered review was not located by the cutoff.