Manuka Resources Limited

Career chronology

• Role shown in 2025-09-30; exact start not established: Manuka Resources Limited — Executive Chairman. June 2025 Annual Report (June 2025 Annual Report; directors’ report/corporate directory, roster disclosure)

• Career began in Australian financial markets in 1983; Head of Trading before Tennant Metals.: HSBC Australia — Head of Trading. Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

• Issuer reports MD from 2000 to Dec 2014, principal shareholder through 2010.: Tennant Metals — Managing Director / principal shareholder. Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

• Founded December 2014; related-party borrowing was repaid June 2026 per annual report.: ResCap Investments — Founder. Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Role overlaps event; causation unproven. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Executive Chairman; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Role overlaps event; causation unproven. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Executive Chairman at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Role overlaps event; causation unproven. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Governance and interests

Related-party ResCap loan disclosed and repaid

FY2025–FY2026; repaid June 2026 · documented · medium materiality

Manuka’s FY2026 annual report states that Executive Chairman Dennis Karp controlled ResCap Investments and that Manuka had borrowed under a short-term ResCap facility. The balance of A$273,242 was repaid in June 2026 and A$11,350 interest was charged in FY2026. The report states a ResCap shareholder, not Karp personally, disposed of 3,500,001 shares; Karp was not their beneficial owner and the disposal was part of a corporate reorganisation. This is a disclosed related-party arrangement, not a finding of misconduct.

Attribution: Individual involvement documented. The annual report explicitly links Karp to ResCap control and the borrowing arrangement; it records repayment and states he was not beneficial owner of shares disposed by a ResCap shareholder.

Relevance: Related-party financing and executive-chair oversight are directly relevant governance considerations; the loan is reported as repaid.

Annual Report FY2026 (FY2026 Annual Report, pp. 32–34, 81; related-party loan and repayment, interest, shareholding note)

Suitability for the current role

Role fit evidence is limited for Executive Chairman

Role shown in 2025-09-30; exact start not established · analyst inference · low materiality

Issuer sources describe Dennis Karp’s current role and prior experience, including HSBC Australia: Career began in Australian financial markets in 1983; Head of Trading before Tennant Metals. The background is relevant context for Executive Chairman; the claims are issuer-reported and personal contribution to outcomes is not inferred.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Dennis Karp’s professional suitability.

Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• Role shown in 2025-09-30; exact start not established: Manuka Resources Limited — Executive Director, Chairman, TTR. June 2025 Annual Report (June 2025 Annual Report; directors’ report/corporate directory, roster disclosure)

• Issuer says company grew from NZX listing in 1987 to ASX top 200 and was taken over by Paladin Energy for A$1.2bn in 2007; exact individual duties beyond founding director are not stated.: Summit Resources — Founding Director. Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Role overlaps event; causation unproven. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Executive Director, Chairman, TTR; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Role overlaps event; causation unproven. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Executive Director, Chairman, TTR at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Role overlaps event; causation unproven. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Executive Director, Chairman, TTR

Role shown in 2025-09-30; exact start not established · analyst inference · low materiality

Issuer sources describe Alan J Eggers’s current role and prior experience, including Summit Resources: Issuer says company grew from NZX listing in 1987 to ASX top 200 and was taken over by Paladin Energy for A$1.2bn in 2007; exact individual duties beyond founding director are not stated. The background is relevant context for Executive Director, Chairman, TTR; the claims are issuer-reported and personal contribution to outcomes is not inferred.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Alan J Eggers’s professional suitability.

Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• Role shown in 2025-09-30; exact start not established: Manuka Resources Limited — Chief Operating Officer. June 2025 Annual Report (June 2025 Annual Report; directors’ report/corporate directory, roster disclosure)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Role overlaps event; causation unproven. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Chief Operating Officer; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Role overlaps event; causation unproven. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Chief Operating Officer at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Role overlaps event; causation unproven. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Governance and interests

Associated entity served as trustee for secured debt that was repaid

FY2026; repaid 2026-02-27 · documented · medium materiality

Manuka’s FY2026 annual report states that MCP Manager Pty Ltd, an entity associated with COO Haydn Lynch, acted as trustee for the MCP Manuka Unit Trust 2025, which acquired the first-ranking secured loan from Trans Asia Private Capital. The loan was repaid on 27 February 2026; the disclosed interest rate was 14%, with foreign-exchange and other costs borne by the group. The report discloses the association and transaction; no regulator or court finding of impropriety was located in the searches documented.

Attribution: Individual involvement documented. Issuer annual report explicitly links an entity associated with Lynch to the trustee role; it does not allege improper conduct.

Relevance: The financing and related-party disclosure are relevant to operations/finance governance; loan repayment resolved the debt outstanding.

Annual Report FY2026 (FY2026 Annual Report, note 31.1, p.81; debt-trust trustee and repayment disclosure)

Suitability for the current role

Role fit evidence is limited for Chief Operating Officer

Role shown in 2025-09-30; exact start not established · analyst inference · low materiality

The selected company bundle and reviewed issuer disclosures identify Haydn Lynch as Chief Operating Officer. The available outcome evidence is company-level and does not establish personal contribution; the assessment of role fit remains limited by incomplete credential and prior-tenure verification. This is an analyst inference, not a clearance or a claim of underperformance.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Haydn Lynch’s professional suitability.

June 2025 Annual Report (June 2025 Annual Report; directors’ report/corporate directory, roster disclosure); Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• Role shown in 2026-03-10; exact start not established: Manuka Resources Limited — Executive General Manager. Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Role overlaps event; causation unproven. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Executive General Manager; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Role overlaps event; causation unproven. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Executive General Manager at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Role overlaps event; causation unproven. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Executive General Manager

Role shown in 2026-03-10; exact start not established · analyst inference · low materiality

The selected company bundle and reviewed issuer disclosures identify Rod Griffith as Executive General Manager. The available outcome evidence is company-level and does not establish personal contribution; the assessment of role fit remains limited by incomplete credential and prior-tenure verification. This is an analyst inference, not a clearance or a claim of underperformance.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Rod Griffith’s professional suitability.

Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure); Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• Role shown in 2026-03-10; exact start not established: Manuka Resources Limited — Chief Financial Officer. Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Employer context; no individual link established. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Chief Financial Officer; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Employer context; no individual link established. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Chief Financial Officer at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Employer context; no individual link established. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Chief Financial Officer

Role shown in 2026-03-10; exact start not established · analyst inference · low materiality

The selected company bundle and reviewed issuer disclosures identify Richard Holstein as Chief Financial Officer. The available outcome evidence is company-level and does not establish personal contribution; the assessment of role fit remains limited by incomplete credential and prior-tenure verification. This is an analyst inference, not a clearance or a claim of underperformance.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Richard Holstein’s professional suitability.

Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure); Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• Role shown in 2026-03-10; exact start not established: Manuka Resources Limited — Chief Geologist. Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Employer context; no individual link established. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Chief Geologist; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Employer context; no individual link established. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Chief Geologist at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Employer context; no individual link established. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Chief Geologist

Role shown in 2026-03-10; exact start not established · analyst inference · low materiality

The selected company bundle and reviewed issuer disclosures identify Phil Bentley as Chief Geologist. The available outcome evidence is company-level and does not establish personal contribution; the assessment of role fit remains limited by incomplete credential and prior-tenure verification. This is an analyst inference, not a clearance or a claim of underperformance.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Phil Bentley’s professional suitability.

Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure); Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• 2026-09-02–cutoff: Manuka Resources Limited — Group Metallurgist, Manager, Strategic Projects. Management Strengthened by New Appointments (Management Strengthened by New Appointments; directors’ report/corporate directory, roster disclosure)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Employer context; no individual link established. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Group Metallurgist, Manager, Strategic Projects; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Employer context; no individual link established. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Group Metallurgist, Manager, Strategic Projects at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Employer context; no individual link established. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Group Metallurgist, Manager, Strategic Projects

2026-09-02–cutoff · analyst inference · low materiality

The selected company bundle and reviewed issuer disclosures identify Dieter Engelhardt as Group Metallurgist, Manager, Strategic Projects. The available outcome evidence is company-level and does not establish personal contribution; the assessment of role fit remains limited by incomplete credential and prior-tenure verification. This is an analyst inference, not a clearance or a claim of underperformance.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Dieter Engelhardt’s professional suitability.

Management Strengthened by New Appointments (Management Strengthened by New Appointments; directors’ report/corporate directory, roster disclosure); Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• 2026-09-02–cutoff: Manuka Resources Limited — Operations Manager. Management Strengthened by New Appointments (Management Strengthened by New Appointments; directors’ report/corporate directory, roster disclosure)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Employer context; no individual link established. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Operations Manager; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Employer context; no individual link established. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Operations Manager at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Employer context; no individual link established. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Operations Manager

2026-09-02–cutoff · analyst inference · low materiality

The selected company bundle and reviewed issuer disclosures identify Wayne Trenning as Operations Manager. The available outcome evidence is company-level and does not establish personal contribution; the assessment of role fit remains limited by incomplete credential and prior-tenure verification. This is an analyst inference, not a clearance or a claim of underperformance.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Wayne Trenning’s professional suitability.

Management Strengthened by New Appointments (Management Strengthened by New Appointments; directors’ report/corporate directory, roster disclosure); Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• 2024-05-31–cutoff: Manuka Resources Limited — Joint Company Secretary. June 2025 Annual Report (June 2025 Annual Report; directors’ report/corporate directory, roster disclosure)

• Annual report says company secretary for full FY2026; appointed 31 May 2024; BBus Accounting Curtin, CPA.: Manuka Resources — Company Secretary. Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Employer context; no individual link established. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Joint Company Secretary; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Role overlaps event; causation unproven. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Joint Company Secretary at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Employer context; no individual link established. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Joint Company Secretary

2024-05-31–cutoff · analyst inference · low materiality

Issuer sources describe Eryn Kestel’s current role and prior experience, including Manuka Resources: Annual report says company secretary for full FY2026; appointed 31 May 2024; BBus Accounting Curtin, CPA. The background is relevant context for Joint Company Secretary; the claims are issuer-reported and personal contribution to outcomes is not inferred.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Eryn Kestel’s professional suitability.

Annual Report FY2026 (Annual Report FY2026, Remuneration Report director/KMP biography or company secretary details)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.

Career chronology

• Role shown in 2026-03-10; exact start not established: Manuka Resources Limited — Joint Company Secretary. Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure)

Contributions and company outcomes

Wonawinta gold processing recommenced after plant refurbishment

FY2026; restart August 2026 · issuer reported · medium materiality

The FY2026 annual report states that Manuka rebuilt the Wonawinta workforce from five people in care and maintenance to more than 80, refurbished and recommissioned the processing plant, and that gold processing recommenced after year end, with first gold revenue expected by the end of September 2026. The report also records capital raised and debt drawn to fund the restart. As at the cutoff the restart was recent; the cited source does not establish sustained production, realized revenue, or steady-state operating performance.

Attribution: Employer context; no individual link established. Issuer-reported company restart. CEO/COO/operations roles overlapped with restart, but no individual causal contribution to production results is separately measured.

Relevance: Restart execution is directly relevant context for Joint Company Secretary; commercial performance remained to be established at cutoff.

Annual Report FY2026 (FY2026 Annual Report, Executive Chairman’s Report and subsequent events disclosure, p.82; processing recommenced and expected first revenue)

Environmental record

NSW regulator audit identified rehabilitation, chemical storage and compliance-system deficiencies at Wonawinta

2023–2026 audit; restart Aug 2026 · documented · medium materiality

The 2026 NSW Resources audit recorded an outdated rehabilitation risk assessment with overdue actions assigned to staff no longer at site, no evidence those actions had progressed, dangerous lead-containing drums stored without bunding, and unclear systems to manage mining-lease compliance. The audit recommended updating controls and consulting NSW EPA. A rehabilitation plan had been refused in April 2025 and a revision was still required. The audit did not attribute these issues to named current executives. Separately, the FY2026 issuer report says Wonawinta restarted in August 2026 after refurbishment/recommissioning.

Attribution: Employer context; no individual link established. The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.

Relevance: This is relevant context for assessing Joint Company Secretary at the same employer; it should not be read as proof of individual performance or misconduct.

Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Taranaki fast-track consent application withdrawn after draft decision proposed decline

2026-02-04 to 2026-02-19 · documented · medium materiality

The New Zealand expert panel’s 4 February 2026 draft decision proposed declining the Taranaki VTM marine-consent application, stating it was not satisfied the project could proceed given uncertainties around environmental and cultural impacts. The wholly owned applicant withdrew on 19 February 2026 before a final consent decision. Manuka’s FY2026 report says it retains the right to reapply; the company’s characterization of impacts as managed is its position, not a regulator finding.

Attribution: Employer context; no individual link established. The process and withdrawal occurred at the subsidiary/company level. The panel did not identify individual executive responsibility or misconduct.

Relevance: Environmental consent, project execution and allocation of management attention are material oversight context for this issuer and its leadership.

Draft decision and application withdrawal: Taranaki VTM fast-track application (Draft decision page: released 4 Feb 2026; page states applicant withdrew application 19 Feb 2026; panel proposed to decline)

Suitability for the current role

Role fit evidence is limited for Joint Company Secretary

Role shown in 2026-03-10; exact start not established · analyst inference · low materiality

The selected company bundle and reviewed issuer disclosures identify Alex Sutton as Joint Company Secretary. The available outcome evidence is company-level and does not establish personal contribution; the assessment of role fit remains limited by incomplete credential and prior-tenure verification. This is an analyst inference, not a clearance or a claim of underperformance.

Attribution: Responsibility not applicable. No outcome responsibility is inferred from title alone.

Relevance: The role is relevant to the company’s current stage; available evidence supports only a limited assessment of Alex Sutton’s professional suitability.

Presentation at MiningNews Select - Sydney March 2026 (Presentation at MiningNews Select - Sydney March 2026; directors’ report/corporate directory, roster disclosure); Audit report Wonawinta Mine (NSW Resources Audit Report, pp. 17–22 (observations, recommendations and refused rehabilitation plan); FY2026 Annual Report, Executive Chairman’s Report.)

Evidence gaps

• Individual contribution to company outcomes was not established.

• The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.

• Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.