OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor ORN ASX

Orion Minerals Limited

DFS Unfunded Developer · Copper · Zinc · South Africa · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.022
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$197M
EV
A$216M
Cash
A$14.5M
Debt
A$30.9M
5 newer ASX announcements not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-10-09

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

Name-specific, date-bounded research supports partial career/qualification profiles for all eight executives and documents role-linked project, safety and legacy-environment context. Primary Palabora records additionally provide a dated, mixed operational history and directly credited projects for Anthony Lennox’s prior CEO tenure. Evidence remains predominantly issuer-reported, chronology/credentials are incomplete, and no exhaustive adverse-record or independent performance review was completed.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Anthony Lennox

Managing Director, Chief Executive Officer

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. CEO since April 2025. During his tenure, Orion completed a $15.4m equity raise and advanced conditions for a Glencore financing; the June 2026 quarterly report still described the Prieska project as pre-execution, with production targeted for H2 2027. These are company outcomes within his tenure, not proof of individual causation or delivered production. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report pp.15 and 49
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 4
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Full background report

Anthony Lennox

Managing Director, Chief Executive Officer

Career chronology

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

Bachelor of Engineering (Honours), University of New South Wales; reported in 2025 annual leadership profile.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report pp.15 and 49)

Contributions and company outcomes

Board credited his Palabora leadership; current Orion project remains pre-execution

2010-07-12 to 2013-07-31 at Palabora; 2025-04 to 2026-07 at Orion · documented · medium materiality

At Palabora, the board said Lennox guided the company through Lift II order-of-magnitude and pre-feasibility studies, magnetite growth, a smelter study and the vermiculite business. The 2010 annual report records his MD appointment on 12 July 2010; he resigned effective 31 July 2013 as the ownership change took effect. During that CEO tenure, Palabora reported that 2012 guide-rope failure had disrupted shaft hoisting until September, and the 2013 results cite further winder problems, industrial action and eight regulator Section 54 notices affecting production. The report also records a R244m insurance recovery and improved production/earnings in 2013. These are company-level operating events and the board’s limited credit; no personal fault or direct responsibility for the incidents is established. At Orion, his current tenure includes a completed $15.4m equity raise and financing progress, but the project was still pre-execution in June 2026 and first production was only targeted for H2 2027.

Attribution: Individual involvement documented. The Palabora board directly credited Lennox with guiding specific study and business areas. The safety/operating setbacks and Orion financing/project status are role-overlap/company outcomes, not evidence of personal causation.

Relevance: Combines directly credited prior project/development leadership with material safety/production context during the same CEO tenure; current mine-development success remains unproven because Orion had not entered execution/production at the cutoff.

Palabora Integrated Annual Report 2010 (director profile p.5; FY2010 company-level financial summary); Update on Rio Tinto and Anglo American Divestment and Change in Directorate (directorate change, lines 81–87); Reviewed Provisional Results for the Year Ended 31 December 2013 (operating challenges, safety and results, lines 107–160); June 2026 Quarterly Activities Report (financing and project status, lines 68–101, 119–133, 221–245)

Business failures and setbacks

Production interruptions at Palabora during his managing-director tenure

2012-07 to 2013; Lennox Palabora MD tenure 2010-07-12 to 2013-07-31 · documented · medium materiality

Palabora’s 2013 reviewed results report a July 2012 underground guide-rope failure that affected ore hoisting until 9 September 2012. In 2013 a south hoisting winder bearing failed, the north winder tail rope entangled, industrial action affected underground/smelter production, and eight Department of Mineral Resources Section 54 notices caused lost production days. The same report describes a R244m insurance claim for the 2012 failure, ore-hoisting recovery and improved 2013 adjusted EBITDA and cash. This is a material operating setback with reported recovery context, not evidence that Lennox caused or failed to manage it.

Attribution: Role overlaps event; causation unproven. Lennox was Palabora MD for the period according to dated appointment and resignation records. The issuer attributes operational causes to equipment failures, labor action and notices; no individual breach or causal responsibility is reported.

Relevance: Relevant to operations and safety oversight in a prior mining CEO role; outcomes include interruptions and recovery, with no individual fault finding.

Palabora Integrated Annual Report 2010 (MD appointment, p.5); Reviewed Provisional Results for the Year Ended 31 December 2013 (operating challenges and resolution, lines 107–160; claim details lines 121–127 and 684–689); Update on Rio Tinto and Anglo American Divestment and Change in Directorate (resignation effective 31 July 2013, lines 81–87)

Industrial safety

Palabora reported safety notices and injuries during CEO tenure

FY2012–FY2013 · documented · medium materiality

Palabora’s reviewed 2013 results state eight Department of Mineral Resources Section 54 notices during the year affected production through days lost; all reported injuries fell to 23 in 2013 from 24 in 2012 and the all-injury frequency rate fell from 0.49 to 0.46. The report does not describe personal fault, a fatality, or a specific order against Lennox. This is company-level regulator/safety information overlapping his dated Palabora CEO tenure.

Attribution: Role overlaps event; causation unproven. As MD during the period, role overlap is documented; the filing gives no evidence that he caused the events or that an order was personally directed at him.

Relevance: Relevant to mining operational oversight and risk; the quantitative trend improved, while eight regulatory stoppage notices remained material.

Palabora Integrated Annual Report 2010 (MD appointment, p.5); Reviewed Provisional Results for the Year Ended 31 December 2013 (Safety and operating challenges, lines 107–145); Update on Rio Tinto and Anglo American Divestment and Change in Directorate (resignation effective 31 July 2013, lines 81–87)

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. CEO since April 2025. During his tenure, Orion completed a $15.4m equity raise and advanced conditions for a Glencore financing; the June 2026 quarterly report still described the Prieska project as pre-execution, with production targeted for H2 2027. These are company outcomes within his tenure, not proof of individual causation or delivered production. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report pp.15 and 49); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Peet van Coller

Chief Financial Officer

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. The CFO appointment release says he brought 25 years of mining/manufacturing finance experience. The June 2026 report records a completed $15.4m capital raising and financing progress, but does not connect him individually to the decisions or execution; no individual delivery conclusion is supported. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report p.54; appointment release pp.1–2
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 4
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Full background report

Peet van Coller

Chief Financial Officer

Career chronology

  • Appointed effective 1 April 2023: Orion Minerals Limited — Chief Financial Officer. Appointment of Chief Financial Officer (appointment effective-date, p.1)

  • Earlier career; dates not disclosed: Ernst & Young — Articles of Clerkship. Annual Report 2025 (2025 Annual Report p.54; appointment release pp.1–2)

  • Positions over approximately 25 years; individual dates and titles not disclosed: Jubilee Group Metals; Murray & Roberts; Master Drilling; Samancor Chrome; Anglo Platinum; Nkomati Nickel (ARM–Norilsk JV) — Senior finance and commercial positions. Annual Report 2025 (2025 Annual Report p.54; appointment release pp.1–2)

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

BCom (Accounting), University of Potchefstroom; BCom Hons (Accounting), University of South Africa; CA(SA), according to the 2025 annual report.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report p.54; appointment release pp.1–2)

Contributions and company outcomes

Role-specific experience and documented outcomes

Career history through 2026-07-31 · documented · low materiality

The CFO appointment release says he brought 25 years of mining/manufacturing finance experience. The June 2026 report records a completed $15.4m capital raising and financing progress, but does not connect him individually to the decisions or execution; no individual delivery conclusion is supported.

Attribution: Role overlaps event; causation unproven. The cited source documents the role or team contribution stated; broader company milestones are not assigned to the executive individually.

Relevance: Provides evidence about experience or execution relevant to the current role, with the stated limits on attribution.

Appointment of Chief Financial Officer (appointment and biography, pp.1–2); June 2026 Quarterly Activities Report (highlights and CEO statement, lines 68–101)

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. The CFO appointment release says he brought 25 years of mining/manufacturing finance experience. The June 2026 report records a completed $15.4m capital raising and financing progress, but does not connect him individually to the decisions or execution; no individual delivery conclusion is supported. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report p.54; appointment release pp.1–2); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Marcus Birch

Executive: Sustainability and Business Support

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. Company reports describe continued stakeholder engagement and supplier preparation, and he is identified in public Orion/BHP Xplor communications. The reviewed records do not quantify his personal impact or tie an environmental or community result to him. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report pp.16–17
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 4
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Full background report

Marcus Birch

Executive: Sustainability and Business Support

Career chronology

  • Current at 2025 report and 2026 interim/quarterly reporting; commencement date not disclosed: Orion Minerals Limited — Executive: Sustainability and Business Support. Annual Report 2025 (2025 Annual Report pp.16–17)

  • More than 30 years of experience; dates and role sequence not specified: Anglovaal; AngloGold Ashanti; junior exploration companies — Exploration and senior management roles. Annual Report 2025 (2025 Annual Report pp.16–17)

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

BSc (Hons) Geology, University of Exeter; BCom (Economics, Accounting and Business Management), University of South Africa, as disclosed in the 2025 annual report.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report pp.16–17)

Contributions and company outcomes

Role-specific experience and documented outcomes

Career history through 2026-07-31 · documented · low materiality

Company reports describe continued stakeholder engagement and supplier preparation, and he is identified in public Orion/BHP Xplor communications. The reviewed records do not quantify his personal impact or tie an environmental or community result to him.

Attribution: Role overlaps event; causation unproven. The cited source documents the role or team contribution stated; broader company milestones are not assigned to the executive individually.

Relevance: Provides evidence about experience or execution relevant to the current role, with the stated limits on attribution.

June 2026 Quarterly Activities Report (community engagement and procurement readiness, lines 171–203); Annual Report 2025 (leadership biography pp.16–17)

Environmental record

Issuer documents legacy groundwater issue at Okiep

Legacy condition reported 2025-03-28; monitoring ongoing as disclosed · documented · medium materiality

The 2025 Prieska DFS environmental section reports elevated sulphate near a historical tailings storage facility and describes inherited contaminated groundwater subject to monitoring under annual environmental updates. This is a legacy site issue disclosed by the issuer; the record reviewed does not attribute its creation, control failure or remediation performance to Marcus Birch. It is not evidence of an executive environmental breach. His sustainability remit overlaps environmental monitoring, but the source does not link him personally to the historic condition or remediation outcomes.

Attribution: Role overlaps event; causation unproven. Orion’s study identifies an inherited site condition; no personal causation or regulatory finding against this executive was identified in the source.

Relevance: Relevant to ESG oversight and legacy-liability management; scope and attribution remain limited.

2025 Definitive Feasibility Study for Prieska Copper Zinc Mine Delivers Robust Financial & Technical Outcomes (Environment & ESG section, pp.35–36 (release pagination))

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. Company reports describe continued stakeholder engagement and supplier preparation, and he is identified in public Orion/BHP Xplor communications. The reviewed records do not quantify his personal impact or tie an environmental or community result to him. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report pp.16–17); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Martin Bouwmeester

Company Secretary

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. Orion reported that Bouwmeester was a key member of the Perseverance executive team that developed the Fosterville Gold Mine. The issuer does not establish his individual causal contribution to discovery, funding or construction; do not equate team membership with sole credit. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report p.55; CFO appointment release pp.1–2
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 4
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Full background report

Martin Bouwmeester

Company Secretary

Career chronology

  • Company Secretary appointed 1 April 2016; remains consultant after CFO succession in 2023: Orion Minerals Limited — Company Secretary; part-time corporate consultant. Appointment of Chief Financial Officer (predecessor role transition, pp.1–2); Annual Report 2025 (2025 Annual Report p.55; CFO appointment release pp.1–2)

  • Prior roles; exact dates not disclosed: Perseverance Corporation Limited — CFO, Business Development Manager and Company Secretary. Annual Report 2025 (2025 Annual Report p.55; CFO appointment release pp.1–2)

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

Bachelor of Business (Accounting), La Trobe University; Fellow Certified Practising Accountant (Australia), disclosed in the 2025 annual report.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report p.55; CFO appointment release pp.1–2)

Personal achievements

Role-specific experience and documented outcomes

Career history through 2026-07-31 · documented · medium materiality

Orion reported that Bouwmeester was a key member of the Perseverance executive team that developed the Fosterville Gold Mine. The issuer does not establish his individual causal contribution to discovery, funding or construction; do not equate team membership with sole credit.

Attribution: Individual involvement documented. The cited source documents the role or team contribution stated; broader company milestones are not assigned to the executive individually.

Relevance: Provides evidence about experience or execution relevant to the current role, with the stated limits on attribution.

Annual Report 2025 (leadership/Company Secretary biography, p.55)

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. Orion reported that Bouwmeester was a key member of the Perseverance executive team that developed the Fosterville Gold Mine. The issuer does not establish his individual causal contribution to discovery, funding or construction; do not equate team membership with sole credit. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report p.55; CFO appointment release pp.1–2); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Andre Bergh

General Manager: Prieska Copper Zinc Mine

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. CEO Errol Smart specifically described the Prieska DFS project team as led by GM Andre Bergh. The March 2025 study is a completed feasibility study, not a commissioned mine or proof of operating delivery. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report p.16; DFS release CEO note
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 4
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Full background report

Andre Bergh

General Manager: Prieska Copper Zinc Mine

Career chronology

  • Current at 2025 annual report and named by CEO as PCZM GM leading the DFS project team: Orion Minerals Limited — General Manager, Prieska Copper Zinc Mine. Annual Report 2025 (2025 Annual Report p.16; DFS release CEO note)

  • More than 27 years in mining; dates/titles by employer not disclosed: De Beers; mining operations in Namibia, Ghana, Tanzania and South Africa — Engineering and operations roles. Annual Report 2025 (2025 Annual Report p.16; DFS release CEO note)

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

Mechanical engineering qualification and Engineer’s Certificate of Competency for Mines and Works, as reported by Orion; institution and award dates are not given.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report p.16; DFS release CEO note)

Personal achievements

Role-specific experience and documented outcomes

Career history through 2026-07-31 · documented · medium materiality

CEO Errol Smart specifically described the Prieska DFS project team as led by GM Andre Bergh. The March 2025 study is a completed feasibility study, not a commissioned mine or proof of operating delivery.

Attribution: Individual involvement documented. The cited source documents the role or team contribution stated; broader company milestones are not assigned to the executive individually.

Relevance: Provides evidence about experience or execution relevant to the current role, with the stated limits on attribution.

2025 Definitive Feasibility Study for Prieska Copper Zinc Mine Delivers Robust Financial & Technical Outcomes (CEO statement and project-team acknowledgment, lines 192–194); Annual Report 2025 (leadership biography p.16)

Industrial safety

Reported safety record during Orion project period

2024-12 through 2026-06 · documented · medium materiality

Orion’s 2025 annual report records a minor non-LTI injury in the December 2024 quarter and an LTI at PCZM in the March 2025 quarter. Its June 2026 quarterly report then states there were no injuries or incidents in the quarter, a zero LTIFR for FY2026 to date, and 473 days without an LTI at quarter end. These are issuer-reported site-level events; no source attributes either incident to Andre Bergh. His role as PCZM General Manager is documented, but the reviewed source does not establish his tenure start against these incident dates.

Attribution: Employer context; no individual link established. The issuer discloses site-level events. Andre is identified as PCZM GM in later records, but the start date for that role is not established against the incident dates; no personal causation or breach is established.

Relevance: Relevant to operational leadership and safety oversight; the record has both a prior LTI and a later injury-free period.

Annual Report 2025 (Health, Safety and Environment section, pp.19–20; PCZM quarterly safety disclosure); June 2026 Quarterly Activities Report (Health and Safety, lines 144–169)

Environmental record

Issuer documents legacy groundwater issue at Okiep

Legacy condition reported 2025-03-28; monitoring ongoing as disclosed · documented · medium materiality

The 2025 Prieska DFS environmental section reports elevated sulphate near a historical tailings storage facility and describes inherited contaminated groundwater subject to monitoring under annual environmental updates. This is a legacy site issue disclosed by the issuer; the record reviewed does not attribute its creation, control failure or remediation performance to this executive. It is not evidence of an executive environmental breach. Marcus’s sustainability remit overlaps environmental monitoring; Andre’s Prieska GM remit does not establish responsibility for the Okiep legacy issue.

Attribution: Employer context; no individual link established. Orion’s study identifies an inherited site condition; no personal causation or regulatory finding against this executive was identified in the source.

Relevance: Relevant to ESG oversight and legacy-liability management; scope and attribution remain limited.

2025 Definitive Feasibility Study for Prieska Copper Zinc Mine Delivers Robust Financial & Technical Outcomes (Environment & ESG section, pp.35–36 (release pagination))

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. CEO Errol Smart specifically described the Prieska DFS project team as led by GM Andre Bergh. The March 2025 study is a completed feasibility study, not a commissioned mine or proof of operating delivery. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report p.16; DFS release CEO note); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

John Paul Hunt

Executive: Exploration

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. Orion identifies Hunt as the competent person for selected 2026 exploration results and the results themselves are reported in the June quarterly report. This documents technical reporting responsibility, not independent validation of discovery economics or his full contribution. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report p.17; 2023 Interim Report p.25; 2026 SENS competent-person statement
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 4
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • The reviewed sources identify Pr.Sci.Nat. and SACNASP membership but do not establish academic degree or institution; no independent professional-register entry was retrieved.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Full background report

John Paul Hunt

Executive: Exploration

Career chronology

  • Full-time employee by May 2026; exact commencement date not established in opened sources: Orion Minerals Limited — Executive: Exploration; competent person for certain exploration results. Annual Report 2025 (2025 Annual Report p.17; 2023 Interim Report p.25; 2026 SENS competent-person statement)

  • Until recently as described March 2024; start/end dates not given: SRK, Johannesburg — Principal Scientist; base-metal exploration, geophysics and remote sensing. Interim Financial Report for half-year ended 31 December 2023 (exploration review, p.25)

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

The reviewed primary sources identify John Paul Hunt as Pr.Sci.Nat. and a member of SACNASP, but do not specify a degree or institution. Credential details remain incomplete.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report p.17; 2023 Interim Report p.25; 2026 SENS competent-person statement)

Contributions and company outcomes

Role-specific experience and documented outcomes

Career history through 2026-07-31 · documented · low materiality

Orion identifies Hunt as the competent person for selected 2026 exploration results and the results themselves are reported in the June quarterly report. This documents technical reporting responsibility, not independent validation of discovery economics or his full contribution.

Attribution: Role overlaps event; causation unproven. The cited source documents the role or team contribution stated; broader company milestones are not assigned to the executive individually.

Relevance: Provides evidence about experience or execution relevant to the current role, with the stated limits on attribution.

Interim Financial Report for half-year ended 31 December 2023 (exploration review p.25); June 2026 Quarterly Activities Report (exploration results and BHP Xplor, lines 349–423)

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. Orion identifies Hunt as the competent person for selected 2026 exploration results and the results themselves are reported in the June quarterly report. This documents technical reporting responsibility, not independent validation of discovery economics or his full contribution. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report p.17; 2023 Interim Report p.25; 2026 SENS competent-person statement); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • The reviewed sources identify Pr.Sci.Nat. and SACNASP membership but do not establish academic degree or institution; no independent professional-register entry was retrieved.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Avishkar Nagaser

Executive: Corporate Communications and Investor Relations

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. The 2025 annual report establishes his communications/IR role and prior listed-company IR experience. The reviewed records do not identify a discrete financing, investor-relations or communications outcome attributable to him individually. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report p.18
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 4
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Full background report

Avishkar Nagaser

Executive: Corporate Communications and Investor Relations

Career chronology

  • Current in 2025 annual report; appointed in 2024, commencement date not independently established here: Orion Minerals Limited — Executive: Corporate Communications and Investor Relations. Annual Report 2025 (2025 Annual Report p.18)

  • Executive Vice President: Investor Relations and Corporate Affairs, 2015–2023; month/day dates not disclosed: Gold Fields — Executive Vice President, Investor Relations and Corporate Affairs. Annual Report 2025 (leadership profile, p.18)

  • Earlier career; dates and titles not specified: Bank of America Merrill Lynch; Macquarie First South Securities — Mining research / securities roles. Annual Report 2025 (2025 Annual Report p.18)

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

Bachelor of Business Science, University of KwaZulu-Natal, as disclosed in the 2025 annual report.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report p.18)

Contributions and company outcomes

Role-specific experience and documented outcomes

Career history through 2026-07-31 · documented · low materiality

The 2025 annual report establishes his communications/IR role and prior listed-company IR experience. The reviewed records do not identify a discrete financing, investor-relations or communications outcome attributable to him individually.

Attribution: Role overlaps event; causation unproven. The cited source documents the role or team contribution stated; broader company milestones are not assigned to the executive individually.

Relevance: Provides evidence about experience or execution relevant to the current role, with the stated limits on attribution.

Annual Report 2025 (leadership biography p.18); June 2026 Quarterly Activities Report (capital raising and financing milestones, lines 68–101)

Fraud and corruption

Gold Fields SEC inquiry closed without enforcement recommendation; no personal link found

SEC investigation closed 2015-06-22; while Nagaser was at Gold Fields, before Orion appointment · documented · low materiality

Gold Fields reported on 22 June 2015 that the SEC’s FCPA unit had concluded an investigation into the South Deep BEE transaction and would not recommend enforcement against Gold Fields. The release cautioned that this did not mean the company was exonerated or that later action was impossible. Nagaser’s name appears in the release only as investor-enquiries contact; no source reviewed connects him to the transaction or inquiry. It preceded his Orion role and is recorded as a prior-employer issue, not an allegation against him.

Attribution: Employer context; no individual link established. The issuer’s SEC filing documents a company investigation and names Nagaser only as investor contact; no personal involvement or misconduct is established.

Relevance: A fraud/corruption-related employer lead was followed to its stated resolution. It provides no adverse personal evidence about this executive.

Update on SEC Investigation into Gold Fields’ BEE Transaction (SEC update and enquiry contact, pp.1–2; lines 53–72)

Litigation and enforcement

Gold Fields participated in a settled silicosis/TB class action during his prior-employer tenure

Company legal claim/settlement; court approval 2019-07-26; implementation through at least 2025-02-11 · documented · low materiality

Gold Fields’ 2024 annual financial report states that a Johannesburg High Court-approved 2019 settlement with six gold companies created the Tshiamiso Trust for eligible current/former mineworkers. By 11 February 2025, 20,778 claimants had received R1.936bn; Gold Fields carried a US$4.9m provision at 31 December 2024. This legal/occupational-health matter overlapped Nagaser’s 2015–2023 Gold Fields employment, but the reviewed records do not connect him personally to mining operations, the alleged exposure, settlement decisions, or wrongdoing.

Attribution: Employer context; no individual link established. Gold Fields and other mining companies were settlement parties; no individual responsibility by Nagaser is established in the reviewed sources.

Relevance: Provides context on legal, health and reputation exposure at a prior employer during his IR/corporate-affairs tenure; no personal adverse inference is made.

Gold Fields Limited Annual Financial Report 2024 (management discussion pp.40–41; settlement provision note pp.113 and contingent-liabilities section pp.118–119)

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. The 2025 annual report establishes his communications/IR role and prior listed-company IR experience. The reviewed records do not identify a discrete financing, investor-relations or communications outcome attributable to him individually. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report p.18); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

Johan van Dyk

Project Director

Current
Role FitAnalyst Inference · Medium materiality

Role fit supported by relevant experience; delivery limits remain

The dated issuer records establish the current role and the experience noted above. Since joining Orion, the June 2026 report records completion of the Orion Project Governance Plan and PCZM Project Execution Plan, plus project-execution readiness work. The project was still pre-execution pending finance conditions at that report date; these are planning outputs, not operating delivery. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Responsibility not applicable · Analyst inference based on disclosed qualifications, experience and role.

Annual Report 2025 · 2025 Annual Report p.17; 2026 Interim Report p.7
June 2026 Quarterly Activities Report · relevant executive/team activity and project status
Evidence gaps · 5
  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.
  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.
  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.
  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.
  • A May 2025 public review by a person with the same name as Johan van Dyk could not be identity-matched to the executive; the review gives no employment identifier. No later resolution of the separate 2026 impersonation warning was located.

Full background report

Johan van Dyk

Project Director

Career chronology

  • Appointed in 2025 after PCZM DFS completion; appointment is described in 2026 Interim Report: Orion Minerals Limited — Project Director. Interim Financial Report for half-year ended 31 December 2025 (operations review, p.7)

  • 26 years before Orion; exact dates/sequence not specified: Palabora Mining Company — Senior operations, projects and SHEQ roles. Annual Report 2025 (2025 Annual Report p.17; 2026 Interim Report p.7)

  • Earlier roles; dates/titles not specified: ISCOR; Sasol; Rio Tinto North Parkes — Mining/industrial roles. Annual Report 2025 (2025 Annual Report p.17; 2026 Interim Report p.7)

Education and qualifications

Education and professional qualifications disclosed

Reported in 2025 annual report; cutoff 2026-10-09 · documented · low materiality

MBA, University of Cumbria, and South African Government Certificate of Competency, as reported by Orion. Award dates and issuer/registry verification were not located.

Attribution: Responsibility not applicable. Issuer profile disclosure; independent transcript or professional-registry confirmation was not established in this review.

Relevance: Relevant to professional preparation for the listed executive role; the disclosure is not an independent credential verification.

Annual Report 2025 (2025 Annual Report p.17; 2026 Interim Report p.7)

Contributions and company outcomes

Role-specific experience and documented outcomes

Career history through 2026-07-31 · documented · low materiality

Since joining Orion, the June 2026 report records completion of the Orion Project Governance Plan and PCZM Project Execution Plan, plus project-execution readiness work. The project was still pre-execution pending finance conditions at that report date; these are planning outputs, not operating delivery.

Attribution: Role overlaps event; causation unproven. The cited source documents the role or team contribution stated; broader company milestones are not assigned to the executive individually.

Relevance: Provides evidence about experience or execution relevant to the current role, with the stated limits on attribution.

Interim Financial Report for half-year ended 31 December 2025 (project-readiness update, p.5); June 2026 Quarterly Activities Report (project status and governance plan, lines 221–245)

Fraud and corruption

Issuer warned of third-party impersonation scam using executive’s name

Approximately March 2026 (issuer scam warning, displayed as seven months before access); May 2025 same-name user review not identity-linked. · documented · low materiality

In approximately March 2026, Orion warned suppliers that an Afrikaans-speaking individual was impersonating Project Director Johan van Dyk through WhatsApp and soliciting identity documents and a R4,000 payment. The warning identifies van Dyk as the impersonated person, not as a participant. A separate May 2025 Trustpilot review by a user named “Johan Van Dyk” says the reviewer was targeted by an investment scam and intended to report it; it contains no Orion or employment identifier, so the reviewer cannot be matched to this executive. That is a possible victim-context lead, not an adverse allegation against him. No later resolution of the issuer-reported impersonation incident was located.

Attribution: Employer context; no individual link established. The source states an unknown third party impersonated the executive; it supplies no allegation of executive wrongdoing.

Relevance: A fraud lead was reviewed and resolved as impersonation/victim context, not adverse conduct by the executive. Later case disposition was not found.

Supplier warning: scam impersonating Project Director Johan van Dyk (issuer warning to suppliers; displayed as posted about seven months before 2026-10-09); VALR customer reviews: review by “Johan Van Dyk” (review dated 2025-05-30 and VALR response dated 2025-10-07, lines 182–202)

Industrial safety

Reported safety record during Orion project period

2024-12 through 2026-06 · documented · medium materiality

Orion’s June 2026 quarterly report states there were no injuries or incidents in the quarter, a zero LTIFR for FY2026 to date, and 473 days without an LTI at quarter end. The 2025 annual report separately records an LTI at PCZM in the March 2025 quarter and a minor non-LTI injury in the December 2024 quarter. These are issuer-reported site-level events; no source attributes either incident to this executive. Andre Bergh’s mine GM role overlaps the PCZM setting; Johan van Dyk joined Orion after the reported 2025 LTI, so that event does not overlap his Orion tenure.

Attribution: Employer context; no individual link established. The issuer discloses site-level events and the executive’s role/tenure; no personal causation or breach is established.

Relevance: Relevant to operational leadership and safety oversight; the record has both a prior LTI and a later injury-free period.

Annual Report 2025 (Health, Safety and Environment section, pp.19–20; PCZM quarterly safety disclosure); June 2026 Quarterly Activities Report (Health and Safety, lines 144–169)

Suitability for the current role

Role fit supported by relevant experience; delivery limits remain

2026-09-26 roster; evidence through 2026-07-31 · analyst inference · medium materiality

The dated issuer records establish the current role and the experience noted above. Since joining Orion, the June 2026 report records completion of the Orion Project Governance Plan and PCZM Project Execution Plan, plus project-execution readiness work. The project was still pre-execution pending finance conditions at that report date; these are planning outputs, not operating delivery. The evidence supports relevance of prior/current experience, but is insufficient to establish a complete performance record, credential verification, or causal contribution to company outcomes.

Attribution: Responsibility not applicable. Analyst inference based on disclosed qualifications, experience and role.

Relevance: Role fit is assessed against role scope; company milestones are not treated as individual achievement absent direct evidence.

Annual Report 2025 (2025 Annual Report p.17; 2026 Interim Report p.7); June 2026 Quarterly Activities Report (relevant executive/team activity and project status)

Evidence gaps

  • The issuer biographies provide only partial employment chronology; exact start/end dates and role descriptions at several prior employers were not disclosed.

  • Education/qualification claims in issuer profiles were not independently verified against issuing institutions or professional registers.

  • No exhaustive criminal, sanctions, court, regulator, employment-reference or credential search was performed; documented exact-name public searches are limited and must not be read as clearance.

  • Company/project safety and environmental records are largely issuer-reported, and the reviewed sources do not establish personal responsibility for the disclosed site-level issues.

  • A May 2025 public review by a person with the same name as Johan van Dyk could not be identity-matched to the executive; the review gives no employment identifier. No later resolution of the separate 2026 impersonation warning was located.