Turaco Gold Limited

Career chronology

• Since 2020-12-01: Turaco Gold Limited — Managing Director. Directors and Management (Turaco Directors and Management, Justin Tremain section, lines 32–37); Directors and Management (Justin Tremain; Managing Director)

• Prior career; detailed dates not stated: Prior employers/qualifications listed by issuer — Prior MD of Exore until its Perseus takeover; founding MD of Renaissance until Emerald takeover; 10+ years natural-resources investment banking.. Directors and Management (Turaco Directors and Management, Justin Tremain section, lines 32–37)

• Founded June 2010; MD until Emerald takeover November 2016: Renaissance Minerals — Founder and Managing Director; later Executive Director at Emerald. Notice of Annual General Meeting / Explanatory Memorandum (Explanatory statement, p.7. Company identifies >1Moz JORC resource and completed feasibility study under his tenure; company outcome only.)

• About two years; company acquired by Perseus September 2020: Exore Resources — Managing Director. Notice of Annual General Meeting / Explanatory Memorandum (Explanatory statement, p.7.)

• Director since 2 October 2020; current: Turaco Gold — Managing Director. Notice of Annual General Meeting / Explanatory Memorandum (Appointment/re-election announcement); Directors and Management (Directors and Management, biography section); Directors and Management (Justin Tremain; Managing Director)

Contributions and company outcomes

Turaco announced a conditional Afema consolidation option and A$120M placement

27-29 October 2026 · issuer reported · medium materiality

On 27 October 2026, Turaco announced an option to acquire Sodim’s remaining 20% Afema interest, subject to shareholder approval for the consideration securities and exercise of the option. On 29 October, the company reported firm commitments for an A$120M placement at A$0.60 per share: A$97.1M unconditional and A$23M subject to shareholder approval. A share purchase plan for up to A$10M was also announced. The transaction and conditional tranche were not complete at the cutoff. Justin Tremain was Managing Director and was quoted in the financing release, but the sources do not establish his individual role in negotiating or structuring the transaction.

Attribution: Role overlaps event; causation unproven. Tremain’s MD role and quoted comment are documented; no source establishes personal authorship, negotiation responsibility or individual causation. Shareholder approval and option exercise remained outstanding.

Relevance: Material capital allocation and financing progress, relevant to MD oversight; transaction completion and future development delivery remained outstanding.

Turaco to Consolidate Afema Ownership and Accelerate Development (pp.1-3; option terms and shareholder-approval condition); Successful A$120M Equity Financing to Consolidate Afema Ownership (pp.1-3; placement commitments, conditional tranche and SPP); Directors and Management (Justin Tremain; Managing Director)

Governance and interests

Turaco retracted non-compliant Afema production target

5 May 2025 · documented · medium materiality

Turaco retracted an earlier 5–6 Mtpa Afema production target, explaining that it had been aspirational, was not disclosed in accordance with ASX Listing Rule 5.16, and had no established technical feasibility or economic viability. This is a company market-communication correction, not a reported regulator enforcement action. Ben Larkin held the combined CFO and Company Secretary role at the time; Justin Tremain was Managing Director. The reviewed material does not establish individual authorship, intent or personal misconduct.

Attribution: Role overlaps event; causation unproven. Both executives held senior roles during the correction; Ben Larkin’s combined finance/company-secretarial office and Justin Tremain’s MD office are role overlaps only. No source reviewed attributes authorship or personal fault to either individual.

Relevance: Relevant to disclosure controls and market communication oversight; the prior target was formally withdrawn before it could be relied on as a supported production plan.

Afema Project Resource Grows 40% to 3.55 Million Ounces Gold (reports retraction and replacement) (lines 11–18 and 34–36)

Suitability for the current role

Public evidence of fit for Managing Director

Current role and prior career as stated by issuer · analyst inference · low materiality

The issuer biography reports: Prior MD of Exore until its Perseus takeover; founding MD of Renaissance until Emerald takeover; 10+ years natural-resources investment banking. Role-fit inference: this experience is relevant to the current Managing Director responsibilities, but issuer biographies are self-reported and do not independently establish personal delivery outcomes.

Attribution: Responsibility not applicable. This is an analyst role-fit judgment based on the cited role and issuer-reported experience; it does not assign personal responsibility for company outcomes.

Relevance: Relevant to the current Managing Director role, with evidence quality constrained by the source scope.

Directors and Management (Turaco Directors and Management, Justin Tremain section, lines 32–37); Directors and Management (Justin Tremain; Managing Director)

Evidence gaps

• Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.

Career chronology

• Since 2024-11-18: Turaco Gold Limited — Chief Financial Officer / Company Secretary. Directors and Management (Turaco Directors and Management, Ben Larkin section, lines 72–78); Directors and Management (Ben Larkin; Chief Financial Officer and Company Secretary)

• Prior career; detailed dates not stated: Prior employers/qualifications listed by issuer — Chartered accountant; 20+ years corporate/finance; natural-resources focus since 2007; previously CFO/company secretary at Medallion, Carnaby and Beadell.. Directors and Management (Turaco Directors and Management, Ben Larkin section, lines 72–78)

• Through 2019; company profile says prior to its takeover in 2019: Beadell Resources — Financial Controller. Appointment of CFO & Study Manager (Appointment/re-election announcement); Directors and Management (Directors and Management, biography section)

• After Beadell and before Medallion; dates not specified: Carnaby Resources — Company Secretary. Appointment of CFO & Study Manager (Appointment notice, p.1.)

• Four years before Turaco appointment in Nov 2024: Medallion Metals — CFO and Company Secretary. Appointment of CFO & Study Manager (Appointment notice, p.1.)

Contributions and company outcomes

Turaco announced a conditional Afema consolidation option and A$120M placement

27-29 October 2026 · issuer reported · medium materiality

On 27 October 2026, Turaco announced an option to acquire Sodim’s remaining 20% Afema interest, subject to shareholder approval for the consideration securities and exercise of the option. On 29 October, the company reported firm commitments for an A$120M placement at A$0.60 per share: A$97.1M unconditional and A$23M subject to shareholder approval. A share purchase plan for up to A$10M was also announced. The transaction and conditional tranche were not complete at the cutoff. Ben Larkin was CFO and Company Secretary; the sources do not identify his individual role in negotiating or structuring the transaction.

Attribution: Role overlaps event; causation unproven. Larkin’s CFO and Company Secretary roles overlap the company financing and disclosures, but no source connects him personally to the negotiations or establishes individual causation. Shareholder approval and option exercise remained outstanding.

Relevance: Material financing and capital-allocation context relevant to the finance and disclosure remit; the acquisition was not complete at the cutoff.

Turaco to Consolidate Afema Ownership and Accelerate Development (pp.1-3; option terms and shareholder-approval condition); Successful A$120M Equity Financing to Consolidate Afema Ownership (pp.1-3; placement commitments, conditional tranche and SPP); Directors and Management (Ben Larkin; Chief Financial Officer and Company Secretary)

Governance and interests

Turaco retracted non-compliant Afema production target

5 May 2025 · documented · medium materiality

Turaco retracted an earlier 5–6 Mtpa Afema production target, explaining that it had been aspirational, was not disclosed in accordance with ASX Listing Rule 5.16, and had no established technical feasibility or economic viability. This is a company market-communication correction, not a reported regulator enforcement action. Ben Larkin held the combined CFO and Company Secretary role at the time; Justin Tremain was Managing Director. The reviewed material does not establish individual authorship, intent or personal misconduct.

Attribution: Role overlaps event; causation unproven. Both executives held senior roles during the correction; Ben Larkin’s combined finance/company-secretarial office and Justin Tremain’s MD office are role overlaps only. No source reviewed attributes authorship or personal fault to either individual.

Relevance: Relevant to disclosure controls and market communication oversight; the prior target was formally withdrawn before it could be relied on as a supported production plan.

Afema Project Resource Grows 40% to 3.55 Million Ounces Gold (reports retraction and replacement) (lines 11–18 and 34–36)

Suitability for the current role

Public evidence of fit for Chief Financial Officer / Company Secretary

Current role and prior career as stated by issuer · analyst inference · low materiality

The issuer biography reports: Chartered accountant; 20+ years corporate/finance; natural-resources focus since 2007; previously CFO/company secretary at Medallion, Carnaby and Beadell. Role-fit inference: this experience is relevant to the current Chief Financial Officer / Company Secretary responsibilities, but issuer biographies are self-reported and do not independently establish personal delivery outcomes.

Attribution: Responsibility not applicable. This is an analyst role-fit judgment based on the cited role and issuer-reported experience; it does not assign personal responsibility for company outcomes.

Relevance: Relevant to the current Chief Financial Officer / Company Secretary role, with evidence quality constrained by the source scope.

Directors and Management (Turaco Directors and Management, Ben Larkin section, lines 72–78); Directors and Management (Ben Larkin; Chief Financial Officer and Company Secretary)

Evidence gaps

• Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.

Career chronology

• Since 2026-08-03: Turaco Gold Limited — Project Development Director. Directors and Management (Turaco Directors and Management, Warren King section, lines 82–86); Directors and Management (Warren King; Project Development Director); Turaco Appoints Project Development Director (p.1; role effective 3 August 2026)

• Most recent role before Turaco; managed Sadiola upgrade in Mali; dates not stated: Allied Gold Corporation — Vice President – Projects. Directors and Management (Issuer biography, Warren King section, lines 82–86.)

• Prior role; dates not stated: Red 5 Limited — Project Manager, King of the Hills plant and infrastructure. Directors and Management (Issuer biography, lines 82–86.)

• Prior role; dates not stated: Dalgaranga Gold Project — Project Manager, 2.5Mtpa processing facility construction. Directors and Management (Issuer biography, lines 82–86.)

• Current in issuer profile; start date was 3 August 2026 in the selected role record: Turaco Gold — Project Development Director. Directors and Management (Current management profile.); Directors and Management (Warren King; Project Development Director); Turaco Appoints Project Development Director (p.1; role effective 3 August 2026)

Suitability for the current role

Public evidence of fit for Project Development Director

Current role and prior career as stated by issuer · analyst inference · low materiality

The issuer profile reports a qualified mechanical engineer with more than 20 years of mining-project delivery experience, including Sadiola, King of the Hills and Dalgaranga. The July 2026 appointment notice says he is to lead the Afema DFS and subsequent construction; the September-quarter report repeats that mandate. This role-fit inference does not establish personal delivery at Turaco, and the DFS remained in progress at the cutoff.

Attribution: Responsibility not applicable. This is an analyst role-fit judgment based on the cited role and issuer-reported experience; it does not assign personal responsibility for company outcomes.

Relevance: Relevant to the current Project Development Director role, with evidence quality constrained by the source scope.

Directors and Management (Turaco Directors and Management, Warren King section, lines 82–86); Directors and Management (Warren King; Project Development Director); Turaco Appoints Project Development Director (p.1; qualifications, prior projects and stated mandate); September 2026 Quarterly Activities Report and Appendix 5B (pp.1, 9; stated mandate and DFS timetable)

Evidence gaps

• Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.

Career chronology

• Current role; start date not established in reviewed sources: Turaco Gold Limited — Chief Operating Officer. Directors and Management (Turaco Directors and Management, Rob Seed section, lines 98–102); Directors and Management (Rob Seed; Chief Operating Officer)

• Prior career; detailed dates not stated: Prior employers/qualifications listed by issuer — 25+ years across Africa, Southeast Asia and Australia; led resource delineation and feasibility on West African gold projects.. Directors and Management (Turaco Directors and Management, Rob Seed section, lines 98–102)

• Appointed November 2023; current per issuer profile: Turaco Gold — Chief Operating Officer. Turaco to Acquire the Afema Gold Project (Appointment/re-election announcement); Directors and Management (Directors and Management, biography section); Directors and Management (Rob Seed; Chief Operating Officer)

• Over 10 years; exact employers/projects not enumerated: West Africa gold projects — Resource delineation and feasibility leadership. Directors and Management (Issuer biography, Rob Seed section, lines 98–102.)

Suitability for the current role

Public evidence of fit for Chief Operating Officer

Current role and prior career as stated by issuer · analyst inference · low materiality

The issuer biography reports: 25+ years across Africa, Southeast Asia and Australia; led resource delineation and feasibility on West African gold projects. Role-fit inference: this experience is relevant to the current Chief Operating Officer responsibilities, but issuer biographies are self-reported and do not independently establish personal delivery outcomes.

Attribution: Responsibility not applicable. This is an analyst role-fit judgment based on the cited role and issuer-reported experience; it does not assign personal responsibility for company outcomes.

Relevance: Relevant to the current Chief Operating Officer role, with evidence quality constrained by the source scope.

Directors and Management (Turaco Directors and Management, Rob Seed section, lines 98–102); Directors and Management (Rob Seed; Chief Operating Officer)

Evidence gaps

• Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.

Career chronology

• Current role; start date not established in reviewed sources: Turaco Gold Limited — Chief Geologist. Directors and Management (Turaco Directors and Management, Elliot Grant section, lines 104–109); Directors and Management (Elliot Grant; Chief Geologist)

• Prior career; detailed dates not stated: Prior employers/qualifications listed by issuer — 15+ years West African exploration; prior exploration roles at Exore, Teranga Gold and Gryphon Minerals.. Directors and Management (Turaco Directors and Management, Elliot Grant section, lines 104–109)

• Prior role; dates not stated: Exore Resources — Exploration Manager. Directors and Management (Current issuer biography, lines 106–110.)

• Prior roles; dates not stated: Teranga Gold; Gryphon Minerals — Exploration roles. Directors and Management (Current issuer biography, lines 106–110.)

Contributions and company outcomes

Turaco reported Begnopan drilling results supporting a future resource update

July-September 2026; reported 27 October 2026 · issuer reported · medium materiality

The September-quarter report said approximately 13,000m of infill and extension drilling had been completed across 113 Begnopan holes, with results from the first 69. It reported depth and strike extensions and new shallow mineralised zones; the company expected the results to support resource growth, classification upgrades and possible inclusion in a future Ore Reserve. These are company-reported exploration results and expected future updates, not a new Mineral Resource or Ore Reserve. The report does not identify Elliot Grant as responsible for the drilling or results.

Attribution: Role overlaps event; causation unproven. Grant was listed as Chief Geologist at the cutoff. The report does not connect him personally to the work, assay interpretation or disclosure; role overlap does not establish causal responsibility.

Relevance: Exploration results and future resource conversion are central to the company’s project pipeline, but individual contribution remains unproven.

September 2026 Quarterly Activities Report and Appendix 5B (pp.7-8; Begnopan extension/infill drilling and expected future resource work); Directors and Management (Elliot Grant; Chief Geologist)

Suitability for the current role

Public evidence of fit for Chief Geologist

Current role and prior career as stated by issuer · analyst inference · low materiality

The issuer biography reports: 15+ years West African exploration; prior exploration roles at Exore, Teranga Gold and Gryphon Minerals. Role-fit inference: this experience is relevant to the current Chief Geologist responsibilities, but issuer biographies are self-reported and do not independently establish personal delivery outcomes.

Attribution: Responsibility not applicable. This is an analyst role-fit judgment based on the cited role and issuer-reported experience; it does not assign personal responsibility for company outcomes.

Relevance: Relevant to the current Chief Geologist role, with evidence quality constrained by the source scope.

Directors and Management (Turaco Directors and Management, Elliot Grant section, lines 104–109); Directors and Management (Elliot Grant; Chief Geologist)

Evidence gaps

• Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.

Career chronology

• Current role; start date not established in reviewed sources: Turaco Gold Limited — Study Manager. Directors and Management (Turaco Directors and Management, Stuart Cruickshanks section, lines 90–94); Directors and Management (Stuart Cruickshanks; Study Manager)

• Previous and recent West Africa assignments; exact dates not specified: West African Resources; Gryphon Minerals — Technical management and study management roles. Appointment of CFO & Study Manager (Appointment/re-election announcement); Directors and Management (Directors and Management, biography section)

• Seven years before the West African roles: RSG Global / Coffey Mining — Feasibility and operational-improvement studies. Appointment of CFO & Study Manager (Appointment announcement, p.1.)

• Effective 4 November 2024; current in issuer profile: Turaco Gold — Study Manager. Appointment of CFO & Study Manager (Appointment/re-election announcement); Directors and Management (Directors and Management, biography section); Directors and Management (Stuart Cruickshanks; Study Manager)

Suitability for the current role

Public evidence of fit for Study Manager

Current role and prior career as stated by issuer · analyst inference · low materiality

The issuer biography reports: Mining engineer with 25+ years, including West Africa study roles with West African Resources and Gryphon; feasibility/operations studies at RSG Global/Coffey. Role-fit inference: this experience is relevant to the current Study Manager responsibilities, but issuer biographies are self-reported and do not independently establish personal delivery outcomes.

Attribution: Responsibility not applicable. This is an analyst role-fit judgment based on the cited role and issuer-reported experience; it does not assign personal responsibility for company outcomes.

Relevance: Relevant to the current Study Manager role, with evidence quality constrained by the source scope.

Directors and Management (Turaco Directors and Management, Stuart Cruickshanks section, lines 90–94); Directors and Management (Stuart Cruickshanks; Study Manager)

Evidence gaps

• Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.

Career chronology

• Current role; start date not established in reviewed sources: Turaco Gold Limited — Exploration Manager. Directors and Management (Turaco Directors and Management, Daouda Zombo section); Directors and Management (Daouda Zombo; Exploration Manager)

• Prior career; detailed dates not stated: Prior employers/qualifications listed by issuer — 15+ years West African exploration; prior work with Endeavour Mining, Teranga Gold and Gryphon Minerals.. Directors and Management (Turaco Directors and Management, Daouda Zombo section)

• Prior roles; dates not stated: Endeavour Mining; Teranga Gold — Exploration on Afema Gold Project. Directors and Management (Issuer biography, lines 114–119.)

• Prior; exact dates not stated: Gryphon Minerals — Exploration on Golden Hill and Wahgnion Gold projects. Directors and Management (Issuer biography, lines 114–119.)

Contributions and company outcomes

Turaco reported Begnopan drilling results supporting a future resource update

July-September 2026; reported 27 October 2026 · issuer reported · medium materiality

The September-quarter report said approximately 13,000m of infill and extension drilling had been completed across 113 Begnopan holes, with results from the first 69. It reported depth and strike extensions and new shallow mineralised zones; the company expected the results to support resource growth, classification upgrades and possible inclusion in a future Ore Reserve. These are company-reported exploration results and expected future updates, not a new Mineral Resource or Ore Reserve. The report does not identify Daouda Zombo as responsible for the drilling or results.

Attribution: Role overlaps event; causation unproven. Zombo was listed as Exploration Manager on the current issuer page at the cutoff. The report does not connect him personally to the work, assay interpretation or disclosure; role overlap does not establish causal responsibility.

Relevance: Exploration results and future resource conversion are central to the company’s project pipeline, but individual contribution remains unproven.

September 2026 Quarterly Activities Report and Appendix 5B (pp.7-8; Begnopan extension/infill drilling and expected future resource work); Directors and Management (Daouda Zombo; Exploration Manager)

Suitability for the current role

Public evidence of fit for Exploration Manager

Current role and prior career as stated by issuer · analyst inference · low materiality

The current issuer page reports more than 15 years in West African exploration and prior work on Afema with Endeavour Mining and Teranga Gold, followed by Gryphon Minerals projects. This role-fit inference is based on issuer-reported career claims; individual outcomes and qualifications were not independently verified.

Attribution: Responsibility not applicable. This is an analyst role-fit judgment based on the cited role and issuer-reported experience; it does not assign personal responsibility for company outcomes.

Relevance: Relevant to the current Exploration Manager role, with evidence quality constrained by the source scope.

Directors and Management (Turaco Directors and Management, Daouda Zombo section); Directors and Management (Daouda Zombo; Exploration Manager)

Evidence gaps

• Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.