Northern Minerals Limited

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Executive Chairman. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• 2021 appointment announcement: Australia China Business Council (WA) — Immediate Past President; National Vice President at 2021 appointment. Board appointment: Adam Handley (Background lines 6–15)

Contributions and company outcomes

Definitive Feasibility Study completed during chair tenure

FY2025 · issuer reported · medium materiality

Northern Minerals reported completion and release of the Browns Range Definitive Feasibility Study in September 2025. Handley was Executive Chairman from May 2024. The company report does not isolate his personal contribution, and the study was a pre-development milestone rather than commercial production or an FID.

Attribution: Role overlaps event; causation unproven. Executive Chair overlapped with this company milestone, but the report does not establish a specific individual contribution or degree of responsibility.

Relevance: Relevant company delivery evidence for this executive’s project leadership remit; limited by company-only attribution.

Annual Report for the year ended 30 June 2025 (Operational Review and DFS progress, pp. 6–9; Leadership, p. 9)

Business failures and setbacks

Browns Range FID target missed during chair tenure

Target date 2026-09-30 · issuer reported · medium materiality

NTU stated on 30 September 2026 that the previously targeted Browns Range final investment decision by that date would not occur because project-funding arrangements and negotiations remained ongoing. Handley was Executive Chairman during the target period. The disclosure does not attribute the delay to him personally; no independent financing benchmark or causal analysis was completed.

Attribution: Role overlaps event; causation unproven. Board-level oversight overlap only; no evidence links the FID delay to an individual decision by Handley.

Relevance: Relevant to strategic oversight of project funding and development.

2026 Annual Financial Statements, External Auditor Arrangements and FID Update (FID Timing, page 1, lines 26–31)

Governance and interests

Related-party legal-services payments disclosed

FY2024–FY2025 · issuer reported · medium materiality

NTU’s FY2025 audited annual report disclosed that HFW, where Executive Chairman Adam Handley was a partner during the relevant period, provided legal services on normal commercial terms; NTU recorded $145,202 legal-fee expense for FY2025 (FY2024: $439,411). The disclosure is not a finding of improper conduct; this review did not independently test the pricing or conflict-management process.

Attribution: Individual involvement documented. The report expressly links Handley’s partnership and the company’s legal-services payments.

Relevance: Relevant to related-party governance and conflict disclosure for an executive chair.

Annual Report for the year ended 30 June 2025 (Related-party transactions with KMP, p. 18, section 6.5)

Shareholder removal requisition withdrawn

2026-01 to 2026-03-02 · documented · medium materiality

In January 2026, a shareholder holding over 5% requisitioned a meeting to consider removing Adam Handley as a director. NTU sought to defer/alignment the meeting amid the Treasury share-register review; the shareholder withdrew the requisition on 2 March 2026, so no EGM was required. The review found no reliable public evidence establishing the shareholder’s reasons or that the notice reflected a regulator finding against Handley.

Attribution: Role overlaps event; causation unproven. The proposal directly concerned Handley’s board position; a shareholder requisition is not itself a finding of wrongdoing or poor performance.

Relevance: Material governance and shareholder-relations context; outcome resolved by withdrawal.

NTU seeks further orders relating to AGM and EGM (Vastness requisition and proposed timing, pages 1–2); Half-Year Report for period ended 31 December 2025 (Significant events after reporting date, pp. 8–9)

Foreign-investment review and disposal-order process remained unresolved at cutoff

2023-10 to 2026-10-09 · documented · medium materiality

NTU referred shareholder-register matters to Treasury in October 2023. The Treasurer’s 2024 orders resulted in Federal Court findings and $14m total penalties against Indian Ocean International Shipping and its associate, not NTU or its executives; the company expressly said it was not a party. Separate May 2026 disposal orders affecting six investors and later interim directions remained live: NTU obtained repeated AGM extensions pending Treasury confirmation of compliance, with 2025 and 2026 AGMs scheduled for 25 November 2026 subject to further deferral. This indicates a material governance and shareholder-register challenge; it does not establish misconduct by an NTU executive.

Attribution: Role overlaps event; causation unproven. Board/management oversight overlapped with the company’s share-register review and referral; the independent court judgment applied to external investors only.

Relevance: Material governance, regulatory and shareholder-process risk for company leadership.

Annual Report for the year ended 30 June 2025 (Foreign Acquisitions and Takeovers Orders, p. 9, lines 406–422); Foreign investors penalised for breach of Australian laws (Court outcome, lines 4–19); Federal Government Court Action regarding Foreign Investment Review Framework (NTU expressly not a party, lines 7–20); Foreign Acquisitions and Takeovers (Disposal of Interests in Northern Minerals Limited) Orders (No. 1) 2026 (May 2026 orders in force, lines 2–21); ASIC grants NTU extension of time to hold 2025 AGM (AGM extension conditional on Treasury assessment, lines 20–36); 2025 and 2026 AGM dates: issuer update republished in full (September 2026 AGM schedule described in announcement, lines 82–91)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Adam Handley’s current Executive Chairman position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Adam Handley; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Adam Handley is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Adam Handley was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Adam Handley; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Managing Director / CEO. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• At 2 December 2022 appointment: Peloton Advisory — Founder and Director; corporate advisory. Executive Director appointment: Shane Hartwig (Announcement lines 8–12)

• 2022-12-02 to 2024-05-26: Northern Minerals Limited — Executive Director – Finance; Finance Director. Executive Director appointment: Shane Hartwig (Announcement lines 3–7, 19)

Education and qualifications

Finance and governance credentials disclosed

2022-12-02 · issuer reported · medium materiality

NTU’s appointment notice identifies Shane Hartwig as a Certified Practising Accountant and Chartered Company Secretary, with a Bachelor of Business in Accounting and Taxation from Curtin University. These are issuer-reported qualifications; this review did not independently verify with the issuing bodies.

Attribution: Individual involvement documented. The appointment notice attributes these qualifications to Mr Hartwig.

Relevance: Relevant credentials for the finance, governance and capital-raising responsibilities of the CEO role.

Executive Director appointment: Shane Hartwig (Appointment notice lines 8–12)

Contributions and company outcomes

Definitive Feasibility Study completed during CEO tenure

FY2025 · issuer reported · medium materiality

Northern Minerals reported completion and release of the Browns Range Definitive Feasibility Study in September 2025. Hartwig was Managing Director/CEO from May 2024. The company report does not isolate his personal contribution, and the study was a pre-development milestone rather than commercial production or an FID.

Attribution: Role overlaps event; causation unproven. CEO overlapped with this company milestone, but the report does not establish a specific individual contribution or degree of responsibility.

Relevance: Relevant company delivery evidence for this executive’s project leadership remit; limited by company-only attribution.

Annual Report for the year ended 30 June 2025 (Operational Review and DFS progress, pp. 6–9; Leadership, p. 9)

Business failures and setbacks

Browns Range FID target missed

Target date 2026-09-30 · issuer reported · medium materiality

NTU stated on 30 September 2026 that the previously targeted Browns Range final investment decision by that date would not occur because project-funding arrangements and negotiations remained ongoing. Hartwig was CEO during the target period. The disclosure does not attribute the delay to him personally; no independent financing benchmark or causal analysis was completed.

Attribution: Role overlaps event; causation unproven. As CEO, Hartwig had company-level leadership during the funding process; NTU did not assign individual responsibility for the delay.

Relevance: Material to project financing and delivery track record for the CEO role.

2026 Annual Financial Statements, External Auditor Arrangements and FID Update (FID Timing, page 1, lines 26–31)

Governance and interests

2024 cyber incident exposed employee information

2024-04 to 2024-06 · issuer reported · medium materiality

Northern Minerals reported that a cyber incident during April–June 2024 compromised personal information of current and former employees and contractors. It said it notified the Australian Cyber Security Centre and OAIC, declined the ransom, engaged cyber specialists and added controls; it reported no material effect on operations or broader systems. Hartwig was CEO, but the source does not establish personal fault or identify the attack cause.

Attribution: Role overlaps event; causation unproven. Executive oversight overlapped the incident; responsibility for the external attack or any control failure is not established.

Relevance: Relevant to executive oversight of information security and employee-data handling.

Quarterly Activities Report – April to June 2024 (Cyber Security Breach, p. 3, lines 99–114)

Foreign-investment review and disposal-order process remained unresolved at cutoff

2023-10 to 2026-10-09 · documented · medium materiality

NTU referred shareholder-register matters to Treasury in October 2023. The Treasurer’s 2024 orders resulted in Federal Court findings and $14m total penalties against Indian Ocean International Shipping and its associate, not NTU or its executives; the company expressly said it was not a party. Separate May 2026 disposal orders affecting six investors and later interim directions remained live: NTU obtained repeated AGM extensions pending Treasury confirmation of compliance, with 2025 and 2026 AGMs scheduled for 25 November 2026 subject to further deferral. This indicates a material governance and shareholder-register challenge; it does not establish misconduct by an NTU executive.

Attribution: Role overlaps event; causation unproven. Board/management oversight overlapped with the company’s share-register review and referral; the independent court judgment applied to external investors only.

Relevance: Material governance, regulatory and shareholder-process risk for company leadership.

Annual Report for the year ended 30 June 2025 (Foreign Acquisitions and Takeovers Orders, p. 9, lines 406–422); Foreign investors penalised for breach of Australian laws (Court outcome, lines 4–19); Federal Government Court Action regarding Foreign Investment Review Framework (NTU expressly not a party, lines 7–20); Foreign Acquisitions and Takeovers (Disposal of Interests in Northern Minerals Limited) Orders (No. 1) 2026 (May 2026 orders in force, lines 2–21); ASIC grants NTU extension of time to hold 2025 AGM (AGM extension conditional on Treasury assessment, lines 20–36); 2025 and 2026 AGM dates: issuer update republished in full (September 2026 AGM schedule described in announcement, lines 82–91)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Shane Hartwig’s current Managing Director / CEO position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Shane Hartwig; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Shane Hartwig is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Shane Hartwig was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Shane Hartwig; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Executive Director. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• At current issuer biography; tenure dates not disclosed: Conglin International Investment Group Pty Ltd — Managing Director. About Us and leadership biographies (Board biography lines 130–133)

• Issuer bio says eight years prior to Conglin; dates not disclosed: China Investment Bank — Prior finance/investment experience. About Us and leadership biographies (Board biography line 133)

Governance and interests

Procedural challenge delayed court consideration of meeting timing

2026-02 to 2026-03-02 · issuer reported · medium materiality

NTU disclosed that directors Bin Cai and Liangbing Yu raised procedural issues about the company’s authority to seek deferral of the AGM and a shareholder-requisitioned EGM. The court deferred consideration to 2 March 2026; NTU later reported Vastness withdrew the removal requisition on that date. The reviewed records do not establish that Cai’s procedural position was legally improper or state that the court ruled on its merits.

Attribution: Individual involvement documented. NTU expressly identifies Cai as one of the directors raising the procedural issue; no adverse legal finding against him was located.

Relevance: Relevant to board process and governance during a contested shareholder period; interpretation is limited by the absence of a merits ruling.

Update on Court Orders relating to AGM and EGM (Update on Court Orders, p. 1, lines 19–24); Half-Year Report for period ended 31 December 2025 (Significant events after reporting date, p. 9)

Foreign-investment review and disposal-order process remained unresolved at cutoff

2023-10 to 2026-10-09 · documented · medium materiality

NTU referred shareholder-register matters to Treasury in October 2023. The Treasurer’s 2024 orders resulted in Federal Court findings and $14m total penalties against Indian Ocean International Shipping and its associate, not NTU or its executives; the company expressly said it was not a party. Separate May 2026 disposal orders affecting six investors and later interim directions remained live: NTU obtained repeated AGM extensions pending Treasury confirmation of compliance, with 2025 and 2026 AGMs scheduled for 25 November 2026 subject to further deferral. This indicates a material governance and shareholder-register challenge; it does not establish misconduct by an NTU executive.

Attribution: Role overlaps event; causation unproven. Board/management oversight overlapped with the company’s share-register review and referral; the independent court judgment applied to external investors only.

Relevance: Material governance, regulatory and shareholder-process risk for company leadership.

Annual Report for the year ended 30 June 2025 (Foreign Acquisitions and Takeovers Orders, p. 9, lines 406–422); Foreign investors penalised for breach of Australian laws (Court outcome, lines 4–19); Federal Government Court Action regarding Foreign Investment Review Framework (NTU expressly not a party, lines 7–20); Foreign Acquisitions and Takeovers (Disposal of Interests in Northern Minerals Limited) Orders (No. 1) 2026 (May 2026 orders in force, lines 2–21); ASIC grants NTU extension of time to hold 2025 AGM (AGM extension conditional on Treasury assessment, lines 20–36); 2025 and 2026 AGM dates: issuer update republished in full (September 2026 AGM schedule described in announcement, lines 82–91)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Bin Cai’s current Executive Director position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Bin Cai; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Bin Cai is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Bin Cai was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Bin Cai; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Chief Operating Officer. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• More than 20 years’ experience; exact employer dates not given: BCI Minerals; BBI Group; Atlas Iron; CBH Resources; Alcan Gove; WMC Resources — Resources/infrastructure operations, ESG/community and corporate affairs roles. About Us and leadership biographies (Executives biography, lines 146–149)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Angela Glover’s current Chief Operating Officer position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Operational and ESG experience described by issuer

Current at roster date · analyst inference · medium materiality

NTU describes Angela Glover as having more than 20 years across resources and infrastructure, including operations, environmental/social/governance, community and corporate affairs roles, and identifies her as a member of the Australian Institute of Metallurgy and Mining and a graduate of the AICD. Dates, degree/qualification level and independent registry verification were not established.

Attribution: Responsibility not applicable. This is issuer-reported professional background; individual outcomes at prior employers were not independently attributed.

Relevance: Relevant breadth for COO role at a development-stage miner, with evidence limited to the issuer biography.

About Us and leadership biographies (Executives biography, lines 146–149)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Angela Glover; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Angela Glover is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Angela Glover was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Angela Glover; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Head of People and Culture. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• Joined early 2019; later current title at roster date: Northern Minerals Limited — HR Manager; later Head of People and Culture. Annual Report 2021 (2021 Annual Report p. 12, lines 559–565; current title: 2025 Annual Report p. 21)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Hayley Patton’s current Head of People and Culture position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Hayley Patton; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Hayley Patton is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Hayley Patton was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Hayley Patton; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Head of Technical Services. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• Joined in FY2024; 2025 annual report lists current role: Northern Minerals Limited — Head of Geology; subsequently Head of Technical Services. Annual Report for the year ended 30 June 2025 (KMP list p. 21, lines 976–981; current title: issuer About Us lines 159–162)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Dale Richards’s current Head of Technical Services position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Dale Richards; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Dale Richards is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Dale Richards was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Dale Richards; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Project Director. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• Past employment named by issuer; exact dates not given: Hastings Technology Metals; BCI Minerals; Worley; Macmahon — Civil engineer with large-scale mining/construction/engineering project experience. Annual Report for the year ended 30 June 2025 (Leadership, p. 9, lines 400–405)

Education and qualifications

Civil engineering qualification disclosed

Current at 2025 report · issuer reported · medium materiality

NTU identifies Gareth Fleming as a qualified civil engineer and describes over 20 years of international mining, construction and engineering experience, including Hastings Technology Metals, BCI Minerals, Worley and Macmahon. No institution or year was provided, and the credential was not independently verified.

Attribution: Individual involvement documented. The issuer biography attributes the qualification and experience to Mr Fleming.

Relevance: Directly relevant to project construction leadership; exact credential details remain unavailable.

Annual Report for the year ended 30 June 2025 (Leadership, p. 9, lines 400–405)

Contributions and company outcomes

Browns Range DFS completed during Project Director tenure

FY2025 · issuer reported · medium materiality

Northern Minerals reported completion and release of the Browns Range Definitive Feasibility Study in September 2025. Fleming was appointed Project Director in September 2024. The company report does not isolate his individual contribution; completion of a study is not construction, commercial production or a positive FID.

Attribution: Role overlaps event; causation unproven. Project Director overlapped with this company milestone, but the report does not establish a specific individual contribution or degree of responsibility.

Relevance: Relevant company delivery evidence for this executive’s project leadership remit; limited by company-only attribution.

Annual Report for the year ended 30 June 2025 (Operational Review and DFS progress, pp. 6–9; Leadership, p. 9)

Business failures and setbacks

Browns Range FID target missed during project-director tenure

Target date 2026-09-30 · issuer reported · low materiality

NTU stated on 30 September 2026 that the previously targeted Browns Range final investment decision by that date would not occur because project-funding arrangements and negotiations remained ongoing. Fleming was Project Director. The disclosure does not attribute the funding delay to his remit or performance.

Attribution: Role overlaps event; causation unproven. Project delivery role overlapped with the target period, but funding responsibility and individual causation are not established.

Relevance: Relevant to project-delivery oversight; not evidence of personal failure.

2026 Annual Financial Statements, External Auditor Arrangements and FID Update (FID Timing, page 1, lines 26–31)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Gareth Fleming’s current Project Director position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Gareth Fleming; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Gareth Fleming is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Gareth Fleming was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Gareth Fleming; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Chief Financial Officer. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

Business failures and setbacks

Funding-dependent FID remained outstanding at cutoff

Target date 2026-09-30 · issuer reported · low materiality

The 30 September 2026 update said FID would not occur by the target date because funding negotiations remained ongoing. Collins became CFO on 9 March 2026 and overlapped the later part of the funding process. NTU did not identify his individual contribution or responsibility for securing project finance.

Attribution: Role overlaps event; causation unproven. The CFO joined during the target period; the source makes no personal attribution.

Relevance: Relevant to the new CFO’s project-finance remit, but too early and too little evidence for a performance judgment.

2026 Annual Financial Statements, External Auditor Arrangements and FID Update (FID Timing, page 1, lines 26–31); Management Update (Appointment and remit, lines 7–22)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish David Collins’s current Chief Financial Officer position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for David Collins; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for David Collins is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for David Collins was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for David Collins; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Financial Controller. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• Company Secretary 2021-07-27 to 2026-03-06; joined company 2016: Northern Minerals Limited — Company Secretary and Financial Controller; remains Financial Controller. Half-Year Report for period ended 31 December 2025 (Management Changes, pp. 7–8; earlier appointment/company history in issuer Annual Report 2022)

• Six years at BDO; exact dates not disclosed: BDO Australia — Audit Manager; other finance positions in pearling, agriculture, oil & gas. Annual Report for the year ended 30 June 2025 (Directors’ Report, company secretary biography, p. 64)

Education and qualifications

Chartered accountant qualification disclosed

2025 report · issuer reported · medium materiality

NTU’s 2025 annual report identifies Belinda Pearce as a Chartered Accountant qualified with the Institute of Chartered Accountants in England and Wales; it records six years with BDO Australia, including Audit Manager, and finance positions across pearling, agriculture, and oil and gas. The professional credential was not independently checked.

Attribution: Individual involvement documented. The annual report attributes the qualification and work history to Ms Pearce.

Relevance: Relevant finance-control background; employer dates and prior-sector role detail remain incomplete.

Annual Report for the year ended 30 June 2025 (Company Secretary biography, p. 64)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Belinda Pearce’s current Financial Controller position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Belinda Pearce; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Belinda Pearce is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Belinda Pearce was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Belinda Pearce; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Joint Company Secretary. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• At NTU appointment, 2026-03-09: Automic Group — Managing Principal, East Coast Company Secretarial team. Management Update (Management Update lines 29–32)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Lucy Rowe’s current Joint Company Secretary position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Lucy Rowe; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Lucy Rowe is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Lucy Rowe was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Lucy Rowe; name-based searches can miss same-name and non-indexed records.

Career chronology

• Current role at roster date; start date not independently established in reviewed sources: Northern Minerals Limited — Joint Company Secretary. Half-Year Financial Report to 31 December 2024 (leadership biography/role)

• Prior to 2026-03-09; exact dates not disclosed: Australian Securities Exchange — Senior listings adviser. Management Update (Management Update lines 33–35)

Suitability for the current role

Current-role fit is provisional

2026-09-26 · analyst inference · low materiality

The dated disclosures reviewed establish Maria Clemente’s current Joint Company Secretary position and the relevant experience described in the cited sources. They do not establish a complete independent career chronology or measured contribution to NTU outcomes. This limits role-fit assessment; the conclusion is provisional.

Attribution: Responsibility not applicable. This is an analyst inference from disclosed role scope and experience, not a finding about personal performance.

Relevance: Relevant to assessing role coverage, but insufficient on its own to establish capability or outcomes.

Annual Report for the year ended 30 June 2025 (KMP list, pp. 20–21); About Us and leadership biographies (Board or Executive biography, relevant named section)

Evidence gaps

• No sufficiently corroborated, dated biography was located in the reviewed records for Maria Clemente; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.

• Person-specific failure, fraud, legal, safety, environmental and governance coverage for Maria Clemente is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.

• No independent public credential verification or complete dated chronology for Maria Clemente was established; private and unindexed employment records were not available.

• No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Maria Clemente; name-based searches can miss same-name and non-indexed records.