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 SRL ASX

SUNRISE ENERGY METALS LIMITED

DFS Unfunded Developer · Others · Nickel · Cobalt · AU · US Rating locked: sign in to view v8 · srl-20261024t202031-full
Last 2026-11-06
A$11.58
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$2B
EV
A$1.8B
Cash
A$115.4M
Debt
A$0
4 newer ASX announcements not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-10-31

Research assessment

Executive team

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

The issuer describes a team with mining development, finance and scandium-related backgrounds and has released a feasibility study. The project is still in development, and disclosed related-party arrangements and evidence gaps limit the assessment.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Sam Riggall

Managing Director and Chief Executive Officer

Current
GovernanceIssuer Reported · Medium materiality

Disclosed related-party engineering services

Sunrise’s FY2026 annual report says Riggall is also a non-executive director of Clean TeQ Water and that a Sunrise subsidiary paid its subsidiary A$557,368 for engineering services during the year, which Sunrise described as arm’s length. The report discloses A$159,590 accrued payable at 30 June 2026.

Individual involvement documented · The issuer identifies the directorship and transaction; the disclosure alone does not establish misconduct or independently verify the arm’s-length assertion.

FY2026 Annual Report · Note 22, related-party disclosures, physical page 68
Company SuccessIssuer Reported · Medium materiality

Feasibility study and project status

The company released a Syerston feasibility study in March 2026. It is an engineering assessment and not evidence that the mine is operating or that the financing and construction have been completed; the September quarter reports A$148.1 million in cash at quarter end, with about A$48.2 million from equity/options during the quarter.

Role overlaps event; causation unproven · Riggall was CEO; financing, study and project status are company-level and personal contribution is not independently isolated.

Syerston feasibility study · Page 1, study release
Evidence gaps · 4
  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.
  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.
  • No clearance or exhaustive negative search result is implied.
  • The annual report lists Lynden Polonsky as chief development officer from January 2026, but his role continuation as at 31 October is not independently confirmed and he is not included as current.

Full background report

Sam Riggall

Managing Director and Chief Executive Officer

Career chronology

  • Current role per selected issuer roster; exact date unavailable: Sunrise Energy Metals — Managing Director and Chief Executive Officer. Sam Riggall profile (Biography; Sunrise role and earlier Ivanhoe and Rio Tinto strategy work)

Contributions and company outcomes

Feasibility study and project status

2026 · issuer reported · medium materiality

The company released a Syerston feasibility study in March 2026. It is an engineering assessment and not evidence that the mine is operating or that the financing and construction have been completed; the September quarter reports A$148.1 million in cash at quarter end, with about A$48.2 million from equity/options during the quarter.

Attribution: Role overlaps event; causation unproven. Riggall was CEO; financing, study and project status are company-level and personal contribution is not independently isolated.

Relevance: Project delivery and funding remain relevant to the team’s development responsibilities.

Syerston feasibility study (Page 1, study release); September 2026 Quarterly Activities and Cash Flow (Page 8, financial position)

Governance and interests

Disclosed related-party engineering services

FY2026 · issuer reported · medium materiality

Sunrise’s FY2026 annual report says Riggall is also a non-executive director of Clean TeQ Water and that a Sunrise subsidiary paid its subsidiary A$557,368 for engineering services during the year, which Sunrise described as arm’s length. The report discloses A$159,590 accrued payable at 30 June 2026.

Attribution: Individual involvement documented. The issuer identifies the directorship and transaction; the disclosure alone does not establish misconduct or independently verify the arm’s-length assertion.

Relevance: Disclosed concurrent role and related-party payments merit transparent review.

FY2026 Annual Report (Note 22, related-party disclosures, physical page 68)

Suitability for the current role

Role-related experience

Career as disclosed · analyst inference · low materiality

The company and a related issuer report senior strategy and project-evaluation roles at Ivanhoe Mines and Rio Tinto. Their account describes law and economics degrees and an MBA; independent credential verification remains outstanding.

Attribution: Responsibility not applicable. The relevance of the issuer-described roles to the current post is an analytical inference; independent credential and former-employer checks remain incomplete.

Relevance: Indicates a possible match to the stated responsibilities without demonstrating all claimed outcomes.

Sam Riggall profile (Biography; Sunrise role and earlier Ivanhoe and Rio Tinto strategy work)

Evidence gaps

  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.

  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.

  • No clearance or exhaustive negative search result is implied.

  • The annual report lists Lynden Polonsky as chief development officer from January 2026, but his role continuation as at 31 October is not independently confirmed and he is not included as current.

John Mullumby

Chief Financial Officer

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.
  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.
  • No clearance or exhaustive negative search result is implied.

Full background report

John Mullumby

Chief Financial Officer

Career chronology

Suitability for the current role

Role-related experience

Career as disclosed · analyst inference · low materiality

Sunrise reports prior CFO service at Gold Road through the Gold Fields acquisition, and commercial and operational leadership roles at Newcrest and Nyrstar; the issuer reports a University of Melbourne commerce degree and Chartered Accountant qualification.

Attribution: Responsibility not applicable. The relevance of the issuer-described roles to the current post is an analytical inference; independent credential and former-employer checks remain incomplete.

Relevance: Indicates a possible match to the stated responsibilities without demonstrating all claimed outcomes.

Appointment of Chief Financial Officer (Page 1–2; CFO appointment and previous roles)

Evidence gaps

  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.

  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.

  • No clearance or exhaustive negative search result is implied.

Melanie Leydin

Company Secretary

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.
  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.
  • No clearance or exhaustive negative search result is implied.

Full background report

Melanie Leydin

Company Secretary

Career chronology

  • From 2011-07-07: Sunrise Energy Metals — Company Secretary. FY2025 Annual Report (Company Secretary, printed page 12)

Suitability for the current role

Role-related experience

Career as disclosed · analyst inference · low materiality

The issuer reports service as secretary since July 2011, accounting and governance experience, a Bachelor of Business from Swinburne and chartered-accountancy and governance memberships; these are issuer-reported, not independently verified.

Attribution: Responsibility not applicable. The relevance of the issuer-described roles to the current post is an analytical inference; independent credential and former-employer checks remain incomplete.

Relevance: Indicates a possible match to the stated responsibilities without demonstrating all claimed outcomes.

FY2025 Annual Report (Company Secretary, printed page 12)

Evidence gaps

  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.

  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.

  • No clearance or exhaustive negative search result is implied.

Geoffrey Newcombe

Project Director Syerston

Current
EnvironmentDocumented · Medium materiality

Cadia air-emissions offences and later resolution

The NSW EPA says Cadia Holdings pleaded guilty to three dust-emission offences between 2021 and May 2023 and was ordered to pay A$350,000 in fines plus A$61,500 to a monitoring network in 2025. Separate proceedings concerning two 2022 tailings dust incidents were discontinued in December 2025 after an enforceable undertaking. A company report identifies Newcombe as acting Cadia general manager on 31 October 2023, after the offence dates.

Employer context; no individual link established · The exact dates of his role, and any overlap with the emission events, are not established. The regulator finding was against Cadia Holdings, not Newcombe, and no personal responsibility is inferred.

Cadia Valley Operations Annual Review FY23 · Front matter, acting general manager and signature dated 31 October 2023
Cadia Holdings ordered to pay over $400,000 · 2 April 2025 notice, company guilty plea and sentencing
Cadia to pay more than $300,000 for rural dust monitoring network · 22 December 2025 notice, separate tailings proceedings discontinued and undertaking
GovernanceIssuer Reported · Medium materiality

Board’s FY2026 project delivery assessment

The FY2026 annual report said Newcombe commenced as project director on 1 December 2025. The board assessed his individual short-term incentive objectives at 42% of target; these included FEED, site readiness and a targeted 30 June 2026 investment decision. The report does not identify the score for each objective, so the reason for the outcome is not established.

Individual involvement documented · This is the company board’s disclosed individual assessment, not independent attribution of a project delay or finding of misconduct.

FY2026 Annual Report · Physical pages 31–32, FY2026 remuneration report
Evidence gaps · 3
  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.
  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.
  • No clearance or exhaustive negative search result is implied.

Full background report

Geoffrey Newcombe

Project Director Syerston

Career chronology

Environmental record

Cadia air-emissions offences and later resolution

2021–2025 · documented · medium materiality

The NSW EPA says Cadia Holdings pleaded guilty to three dust-emission offences between 2021 and May 2023 and was ordered to pay A$350,000 in fines plus A$61,500 to a monitoring network in 2025. Separate proceedings concerning two 2022 tailings dust incidents were discontinued in December 2025 after an enforceable undertaking. A company report identifies Newcombe as acting Cadia general manager on 31 October 2023, after the offence dates.

Attribution: Employer context; no individual link established. The exact dates of his role, and any overlap with the emission events, are not established. The regulator finding was against Cadia Holdings, not Newcombe, and no personal responsibility is inferred.

Relevance: Material environmental record of an operation associated with his past employer, with explicit limits on timing and attribution.

Cadia Valley Operations Annual Review FY23 (Front matter, acting general manager and signature dated 31 October 2023); Cadia Holdings ordered to pay over $400,000 (2 April 2025 notice, company guilty plea and sentencing); Cadia to pay more than $300,000 for rural dust monitoring network (22 December 2025 notice, separate tailings proceedings discontinued and undertaking)

Governance and interests

Board’s FY2026 project delivery assessment

FY2026 · issuer reported · medium materiality

The FY2026 annual report said Newcombe commenced as project director on 1 December 2025. The board assessed his individual short-term incentive objectives at 42% of target; these included FEED, site readiness and a targeted 30 June 2026 investment decision. The report does not identify the score for each objective, so the reason for the outcome is not established.

Attribution: Individual involvement documented. This is the company board’s disclosed individual assessment, not independent attribution of a project delay or finding of misconduct.

Relevance: Provides a disclosed performance assessment during the project-development phase.

FY2026 Annual Report (Physical pages 31–32, FY2026 remuneration report)

Suitability for the current role

Role-related experience

Career as disclosed · analyst inference · low materiality

The issuer describes more than 25 years in mining and project development, and prior Newmont and Newcrest roles including Cadia strategic and integrated planning; exact historical role dates remain unverified.

Attribution: Responsibility not applicable. The relevance of the issuer-described roles to the current post is an analytical inference; independent credential and former-employer checks remain incomplete.

Relevance: Indicates a possible match to the stated responsibilities without demonstrating all claimed outcomes.

Sunrise strengthens management team to deliver Syerston (Page 1; company description of past experience); FY2026 Annual Report (Physical p26, appointment from 1 December 2025)

Evidence gaps

  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.

  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.

  • No clearance or exhaustive negative search result is implied.

David Petitjean

Vice President Sales and Marketing

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.
  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.
  • No clearance or exhaustive negative search result is implied.

Full background report

David Petitjean

Vice President Sales and Marketing

Career chronology

Suitability for the current role

Role-related experience

Career as disclosed · analyst inference · low materiality

The issuer reports former Rio Tinto critical-minerals sales leadership and describes commercial work on scandium capacity and offtake; independent contribution and dates were not verified.

Attribution: Responsibility not applicable. The relevance of the issuer-described roles to the current post is an analytical inference; independent credential and former-employer checks remain incomplete.

Relevance: Indicates a possible match to the stated responsibilities without demonstrating all claimed outcomes.

Sunrise strengthens management team to deliver Syerston (Pages 1–2; issuer-reported commercial roles)

Evidence gaps

  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.

  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.

  • No clearance or exhaustive negative search result is implied.

Timothy Langan

Vice President Scandium Product Development and Principal Metallurgist Scandium Alloys

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.
  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.
  • No clearance or exhaustive negative search result is implied.

Full background report

Timothy Langan

Vice President Scandium Product Development and Principal Metallurgist Scandium Alloys

Career chronology

Suitability for the current role

Role-related experience

Career as disclosed · analyst inference · low materiality

Sunrise reports advisory work since 2017 and an expanded scandium alloy development role. A 2026 professional-conference programme identifies him as a session organiser and chair.

Attribution: Responsibility not applicable. The relevance of the issuer-described roles to the current post is an analytical inference; independent credential and former-employer checks remain incomplete.

Relevance: Indicates a possible match to the stated responsibilities without demonstrating all claimed outcomes.

Sunrise strengthens management team to deliver Syerston (Page 2; advisory service and expanded role); TMS 2026 Technical Program (Scandium Extraction and Use in Aluminum Alloys, session programme)

Evidence gaps

  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.

  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.

  • No clearance or exhaustive negative search result is implied.

Miha Zakotnik

Chief Technology Officer Metallization

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 4
  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.
  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.
  • No clearance or exhaustive negative search result is implied.
  • A third-party court index lists a similarly named plaintiff in a 2026 Noveon matter; the underlying pleading, identity, nature and disposition were not available and remain unresolved.

Full background report

Miha Zakotnik

Chief Technology Officer Metallization

Career chronology

Suitability for the current role

Role-related experience

Career as disclosed · analyst inference · low materiality

The issuer reports technical experience in permanent magnets and a founding role at Noveon Magnetics, including facility development; individual contribution, other roles and current registration were not independently established.

Attribution: Responsibility not applicable. The relevance of the issuer-described roles to the current post is an analytical inference; independent credential and former-employer checks remain incomplete.

Relevance: Indicates a possible match to the stated responsibilities without demonstrating all claimed outcomes.

Sunrise strengthens management team to deliver Syerston (Page 2; issuer account of metallization career)

Evidence gaps

  • This is a partial public-record screen. Separate named-person topic searches and comprehensive prior-employer, court, regulator, safety and environmental checks have not been completed.

  • The issuer’s career and qualification statements have not been independently verified with all previous employers, institutions or registers.

  • No clearance or exhaustive negative search result is implied.

  • A third-party court index lists a similarly named plaintiff in a 2026 Noveon matter; the underlying pleading, identity, nature and disposition were not available and remain unresolved.