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2026-11-06

← NST management

Full background report

Steven McClare

Chief Technical Officer

Career chronology

Business failures and setbacks

Kanmantoo rock fall and revised plan

December 2018 to January 2019 · issuer reported · medium materiality

Hillgrove reported a December 2018 open-pit rock fall, subsequent restriction and remediation; by January 2019 the inspector lifted the restriction. Hillgrove estimated modified pit design could reduce remaining recovered copper by about 10%.

Attribution: Role overlaps event; causation unproven. McClare was Hillgrove CEO; no cited determination of personal fault.

Relevance: Prior project operating setback and company response.

Kanmantoo mine rock fall update (Page 1)

Suitability for the current role

Experience relevant to role

Career to 2026 · analyst inference · low materiality

Issuer reports prior executive roles with OZ Minerals and Hillgrove CEO and mining engineering degree. On its face this experience is relevant to the role; the degree and employment claims are issuer-reported and are not independently verified.

Attribution: Responsibility not applicable. The relevance assessment is an analytical judgment; independent credential and full career checks remain incomplete.

Relevance: Assesses disclosed experience relevant to role.

FY2026 annual report (Printed page 16)

Evidence gaps

  • Independent university, professional membership and credential verification remains incomplete.

  • Comprehensive prior-employer chronology, company outcomes and court, regulator, fraud, safety and environmental searches remain incomplete.