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2026-11-06
◂ Monitor WA1 ASX

WA1 Resources Ltd

Resource Stage · Others · AU Rating locked: sign in to view v8.1 · wa1-20261031t210658-full
Last 2026-11-06
A$7.96
1D
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1M
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YTD
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1Y
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Fair value
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Mkt cap
A$591.9M
EV
A$479.7M
Cash
A$113.2M
Debt
A$0

People, delivery and responsibility

Management background checks

Evidence through 2026-11-02

Research assessment

Executive team

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

The selected 31 October 2026 roster contains five current executives, including the corporate-finance and approvals leaders added from the May 2026 issuer presentation. The new evidence supports relevant role backgrounds for Tom Hunter and Emma Gaunt, but does not document several prior employers, exact career dates or independently verified qualifications. The 28 October quarterly report reports completed 2026 field activities and a Q4 PFS target; it does not allocate project outcomes to individual executives. David English resigned as Project Director effective 31 July 2026, and no replacement was announced by the roster date, leaving a material project-leadership gap. The score is a sourced professional-fit assessment with limited personal attribution, not a trustworthiness rating.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Paul Savich

Managing Director

Current
Full background report for Paul Savich
Personal SuccessIssuer Reported · Medium materiality

Corporate role on Echo’s Bronzewing acquisition and Metaliko merger

WA1 annual reports say Savich served as Echo Resources General Manager – Corporate & Compliance and Company Secretary and oversaw the Bronzewing Gold Project acquisition and merger with Metaliko. This is issuer-reported; sources do not isolate his contribution or establish subsequent project economics/production.

Individual involvement documented · Source links his role with oversight, but not sole or causal responsibility.

WA1 Resources 2024 Annual Report · Directors’ Report p.14, lines 405–413
WA1 Resources 2025 Annual Report · Directors’ Report p.12
GovernanceDocumented · Medium materiality

Reward Minerals received an ASIC infringement notice during disclosed employment period

Reward’s contemporaneous release says ASIC alleged a continuous-disclosure contravention for 2–10 December 2013 and that Reward paid $33,000. The notice payment was expressly not an admission of guilt/liability. WA1’s annual report places Savich in a Reward corporate-development role, but reviewed records do not link him to the disclosure or notice. Employer-period event only.

Employer context; no individual link established · No individual responsibility established; no reviewed source links Savich to the disclosure decision.

Market Update: ASIC Infringement · Opening and response paragraphs
WA1 Resources 2024 Annual Report · Directors’ Report p.14, career/qualifications
WA1 Resources 2025 Annual Report · Directors’ Report p.12
Evidence gaps · 2
  • Exact dates for several prior positions remain unavailable in reviewed primary sources.
  • No comprehensive criminal, sanctions, litigation, safety, environmental or credential-register search was conducted; documented searches are not a clearance.

Full background report

Paul Savich

Managing Director

Career chronology

  • Appointed 9 February 2021; current role as of the 31 October 2026 roster.: WA1 Resources Ltd — Managing Director. WA1 Resources Ltd 2026 Annual Report (Directors’ Report, Managing Director biography/appointment date)

  • Career began in audit before corporate finance.: Deloitte (Perth) — Audit, Assurance & Advisory; Corporate Finance. WA1 Resources 2024 Annual Report (Directors’ Report p.14, lines 410–411)

  • Prior to WA1; exact role dates not specified in reviewed annual reports.: Echo Resources Ltd — General Manager – Corporate & Compliance; Company Secretary. WA1 Resources 2024 Annual Report (Directors’ Report p.14, lines 405–413); WA1 Resources 2025 Annual Report (Directors’ Report p.12)

Personal achievements

Corporate role on Echo’s Bronzewing acquisition and Metaliko merger

Before 10 February 2021 · issuer reported · medium materiality

WA1 annual reports say Savich served as Echo Resources General Manager – Corporate & Compliance and Company Secretary and oversaw the Bronzewing Gold Project acquisition and merger with Metaliko. This is issuer-reported; sources do not isolate his contribution or establish subsequent project economics/production.

Attribution: Individual involvement documented. Source links his role with oversight, but not sole or causal responsibility.

Relevance: Relevant transaction experience; integration and returns remain unassessed.

WA1 Resources 2024 Annual Report (Directors’ Report p.14, lines 405–413); WA1 Resources 2025 Annual Report (Directors’ Report p.12)

Governance and interests

Reward Minerals received an ASIC infringement notice during disclosed employment period

Alleged event 2–10 Dec 2013; notice release 27 May 2014 · documented · medium materiality

Reward’s contemporaneous release says ASIC alleged a continuous-disclosure contravention for 2–10 December 2013 and that Reward paid $33,000. The notice payment was expressly not an admission of guilt/liability. WA1’s annual report places Savich in a Reward corporate-development role, but reviewed records do not link him to the disclosure or notice. Employer-period event only.

Attribution: Employer context; no individual link established. No individual responsibility established; no reviewed source links Savich to the disclosure decision.

Relevance: Relevant bounded governance history; employment overlap is not personal misconduct.

Market Update: ASIC Infringement (Opening and response paragraphs); WA1 Resources 2024 Annual Report (Directors’ Report p.14, career/qualifications); WA1 Resources 2025 Annual Report (Directors’ Report p.12)

Suitability for the current role

Role relevance and evidenced background

Background reviewed through 2026-10-09 · analyst inference · low materiality

WA1’s FY2025 annual report records a BCom, Master of Applied Finance and Chartered Accountants program; earlier corporate and compliance work at Echo Resources overlapped acquisition of Bronzewing and merger with Metaliko. Current title in the selected roster: Managing Director. This supports role relevance at a high level; the public evidence reviewed does not establish personal causal responsibility for employer or project outcomes.

Attribution: Responsibility not applicable. Role-fit judgment based on the selected roster and issuer-reported professional background; no causal claim is made.

Relevance: Relevant to the current Managing Director responsibilities, subject to the evidence limitations recorded below.

WA1 Resources 2025 Annual Report (Directors’ Report p.12, Paul Savich biography)

Evidence gaps

  • Exact dates for several prior positions remain unavailable in reviewed primary sources.

  • No comprehensive criminal, sanctions, litigation, safety, environmental or credential-register search was conducted; documented searches are not a clearance.

Thomas Lyons

Executive Director

Current
Full background report for Thomas Lyons
Personal SuccessIssuer Reported · Medium materiality

Led Mackay Potash acquisition and advancement through feasibility and permitting

WA1 annual report says Lyons, as Agrimin Chief Development Officer, led Mackay Potash acquisition, exploration, feasibility and permitting. The source establishes the role attribution but no construction, commissioning, production or returns; this is not treated as operating delivery.

Individual involvement documented · Issuer attributes project work to Lyons; sole responsibility not established.

WA1 Resources 2024 Annual Report · Directors’ Report p.14, lines 417–425
GovernanceDocumented · Medium materiality

Tali leadership and disclosed substantial-shareholder relationship

WA1 reports Lyons as Tali MD, Tali as a 13% WA1 shareholder, and the Board considers Lyons non-independent. This is a disclosed governance context and potential conflict to manage; no breach is established.

Individual involvement documented · Issuer identifies the roles and non-independence; no misconduct finding.

WA1 Resources 2024 Annual Report · Directors’ Report p.14, lines 414–425
Evidence gaps · 2
  • Exact dates for several prior positions remain unavailable in reviewed primary sources.
  • No comprehensive criminal, sanctions, litigation, safety, environmental or credential-register search was conducted; documented searches are not a clearance.

Full background report

Thomas Lyons

Executive Director

Career chronology

  • Executive Director from 1 March 2023; current as of the 31 October 2026 roster.: WA1 Resources Ltd — Executive Director. WA1 Resources Ltd 2026 Annual Report (Directors’ Report, Thomas Lyons biography and appointment chronology)

  • Led Mackay Potash acquisition, exploration, feasibility and permitting; dates not specified in WA1 source.: Agrimin Ltd — Chief Development Officer. WA1 Resources 2024 Annual Report (Directors’ Report p.14, lines 417–425)

  • Concurrent role; WA1 described Tali as a 13% shareholder in FY2024 report.: Tali Resources Pty Ltd — Managing Director. WA1 Resources 2024 Annual Report (Directors’ Report p.14, lines 420–425)

  • Appointed 1 July 2022; served before becoming Executive Director on 1 March 2023.: WA1 Resources Ltd — Non-Executive Director. WA1 Resources Ltd 2026 Annual Report (Directors’ Report, Thomas Lyons appointment chronology)

Personal achievements

Led Mackay Potash acquisition and advancement through feasibility and permitting

Prior Agrimin tenure, dates not confirmed; disclosed 2024-09-12 · issuer reported · medium materiality

WA1 annual report says Lyons, as Agrimin Chief Development Officer, led Mackay Potash acquisition, exploration, feasibility and permitting. The source establishes the role attribution but no construction, commissioning, production or returns; this is not treated as operating delivery.

Attribution: Individual involvement documented. Issuer attributes project work to Lyons; sole responsibility not established.

Relevance: Relevant development experience; operation/returns unproven.

WA1 Resources 2024 Annual Report (Directors’ Report p.14, lines 417–425)

Governance and interests

Tali leadership and disclosed substantial-shareholder relationship

FY2024 report · documented · medium materiality

WA1 reports Lyons as Tali MD, Tali as a 13% WA1 shareholder, and the Board considers Lyons non-independent. This is a disclosed governance context and potential conflict to manage; no breach is established.

Attribution: Individual involvement documented. Issuer identifies the roles and non-independence; no misconduct finding.

Relevance: Relevant to related-party and board-independence oversight.

WA1 Resources 2024 Annual Report (Directors’ Report p.14, lines 414–425)

Suitability for the current role

Role relevance and evidenced background

Background reviewed through 2026-10-09 · analyst inference · low materiality

The issuer biography supports relevant background for the assigned role. Current title in the selected roster: Executive Director. This supports role relevance at a high level; the public evidence reviewed does not establish personal causal responsibility for employer or project outcomes.

Attribution: Responsibility not applicable. Role-fit judgment based on the selected roster and issuer-reported professional background; no causal claim is made.

Relevance: Relevant to the current Executive Director responsibilities, subject to the evidence limitations recorded below.

WA1 Resources 2024 Annual Report (Directors’ Report p.14, Tom Lyons biography)

Evidence gaps

  • Exact dates for several prior positions remain unavailable in reviewed primary sources.

  • No comprehensive criminal, sanctions, litigation, safety, environmental or credential-register search was conducted; documented searches are not a clearance.

Elizabeth Maynard

General Counsel & Company Secretary

Current
Full background report for Elizabeth Maynard

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

Evidence gaps · 2
  • Exact dates for several prior positions remain unavailable in reviewed primary sources.
  • No comprehensive criminal, sanctions, litigation, safety, environmental or credential-register search was conducted; documented searches are not a clearance.

Full background report

Elizabeth Maynard

General Counsel & Company Secretary

Career chronology

Education and qualifications

Law and accounting degrees; AICD graduate

Appointment release, 2 June 2025 · issuer reported · low materiality

WA1 appointment release states Maynard holds LLB (Hons), BCom (Accounting), and is an AICD graduate. Issuer-reported; external credential verification not completed.

Attribution: Responsibility not applicable. Appointing issuer states credentials; independent check absent.

Relevance: Relevant formal background for General Counsel / Company Secretary role.

Appointment of General Counsel and Company Secretary (Qualifications paragraph)

Suitability for the current role

Role relevance and evidenced background

Background reviewed through 2026-10-09 · analyst inference · low materiality

The issuer biography supports relevant background for the assigned role. Current title in the selected roster: General Counsel & Company Secretary. This supports role relevance at a high level; the public evidence reviewed does not establish personal causal responsibility for employer or project outcomes.

Attribution: Responsibility not applicable. Role-fit judgment based on the selected roster and issuer-reported professional background; no causal claim is made.

Relevance: Relevant to the current General Counsel & Company Secretary responsibilities, subject to the evidence limitations recorded below.

Appointment of General Counsel and Company Secretary (Appointment release, qualifications and experience paragraphs)

Evidence gaps

  • Exact dates for several prior positions remain unavailable in reviewed primary sources.

  • No comprehensive criminal, sanctions, litigation, safety, environmental or credential-register search was conducted; documented searches are not a clearance.

Tom Hunter

GM Corporate & Finance

Current
Full background report for Tom Hunter
Company SuccessDocumented · Medium materiality

WA1’s A$100 million institutional placement during finance-role overlap

WA1 announced an A$100 million placement at A$17 per share on 15 August 2025. An August 2025 issuer presentation lists Hunter as GM Corporate & Finance, and Canaccord Genuity later congratulated him with the WA1 team. This establishes role overlap and team recognition, not that he structured, led or caused the transaction; no source reviewed identifies his individual duties.

Role overlaps event; causation unproven · The issuer confirms the placement; Canaccord names Hunter among the WA1 team but does not assign him deal responsibility.

A$100 Million Placement · Opening and transaction terms
Canaccord Genuity Australia post on WA1 A$100 million placement · Canaccord post, congratulations paragraph
Evidence gaps · 4
  • No exact start date for Hunter’s WA1 finance role or named prior employers were located in the sources reviewed.
  • WA1 issuer material describes his CA background but no independent CA membership or degree verification was completed.
  • The A$100 million placement overlaps his finance role and Canaccord names him among the company team, but his individual transaction duties remain undocumented.
  • Criminal, sanctions, litigation, professional-register, safety and environment searches were scoped open-web checks, not comprehensive checks.

Full background report

Tom Hunter

GM Corporate & Finance

Career chronology

Contributions and company outcomes

WA1’s A$100 million institutional placement during finance-role overlap

August 2025 · documented · medium materiality

WA1 announced an A$100 million placement at A$17 per share on 15 August 2025. An August 2025 issuer presentation lists Hunter as GM Corporate & Finance, and Canaccord Genuity later congratulated him with the WA1 team. This establishes role overlap and team recognition, not that he structured, led or caused the transaction; no source reviewed identifies his individual duties.

Attribution: Role overlaps event; causation unproven. The issuer confirms the placement; Canaccord names Hunter among the WA1 team but does not assign him deal responsibility.

Relevance: Financing is relevant to his current role; the contribution limit prevents treating the whole raise as a personal achievement.

A$100 Million Placement (Opening and transaction terms); Diggers & Dealers Mining Forum Presentation (August 2025) (p.4, leadership team); Canaccord Genuity Australia post on WA1 A$100 million placement (Canaccord post, congratulations paragraph)

Suitability for the current role

Finance and corporate background relevant to the current role

Current role as at 31 October 2026; issuer background description dated 16 November 2023 · analyst inference · low materiality

The May 2026 presentation and selected roster identify Hunter as GM Corporate & Finance. A WA1 November 2023 presentation describes him as a Chartered Accountant with 15+ years of professional/corporate experience and extensive company financing, corporate and commercial management experience. The public materials reviewed do not name prior employers, provide exact role dates or independently verify his qualification or specific responsibilities. This supports role relevance at a high level, with material chronology and credential gaps.

Attribution: Responsibility not applicable. Role-fit judgment from issuer materials and the selected roster; no claim of personal responsibility for company outcomes.

Relevance: Relevant to corporate finance responsibilities, but public evidence does not establish the depth or results of prior assignments.

Corporate Presentation – Luni Niobium Project (May 2026) (p.4, leadership team); WA1 Resources Investor Presentation (November 2023) (p.19, Tom Hunter biography)

Evidence gaps

  • No exact start date for Hunter’s WA1 finance role or named prior employers were located in the sources reviewed.

  • WA1 issuer material describes his CA background but no independent CA membership or degree verification was completed.

  • The A$100 million placement overlaps his finance role and Canaccord names him among the company team, but his individual transaction duties remain undocumented.

  • Criminal, sanctions, litigation, professional-register, safety and environment searches were scoped open-web checks, not comprehensive checks.

Emma Gaunt

GM Approvals & External Relations

Current
Full background report for Emma Gaunt

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

Evidence gaps · 4
  • Exact effective date for the current General Manager role and exact appointment/departure dates for Appeals Convenor were not located.
  • WA1 refers to prior approvals-management roles but does not name the employers or dates; education, qualifications and professional memberships were not found.
  • Official Appeals Convenor reports document recommendations, not independent performance assessments; no personal delivery outcome for WA1 approvals work was established.
  • Criminal, sanctions, litigation, professional-register, safety and environment searches were scoped open-web checks, not comprehensive checks.

Full background report

Emma Gaunt

GM Approvals & External Relations

Career chronology

Suitability for the current role

Approvals and statutory stakeholder experience relevant to the current role

Public-office records from 2018–2022; WA1 appointment reported October 2024; current role as of May/October 2026 · analyst inference · low materiality

The selected roster and May 2026 presentation list Gaunt as GM Approvals & External Relations. WA1’s October 2024 quarterly report says she was appointed Head of Regulatory and Stakeholder Relations during the quarter ended 30 September 2024, had recently served as Appeals Convenor, held approvals-management roles across a diverse industry base and had more than 20 years’ public/private experience. Official government records identify her as Appeals Convenor in 2018 and 2022; her 2019 report records recommendations on an environmental appeal. This supports subject-matter relevance, but prior employer names, exact role dates and qualifications are not available here, and statutory recommendations do not independently assess personal performance.

Attribution: Responsibility not applicable. The reports document advice/recommendations issued in a statutory office; they do not establish commercial success or personal fault. The current role-fit assessment is an analyst inference from the reported experience and current remit.

Relevance: Relevant to approvals and external-relations responsibilities; no evidence establishes the outcome of WA1’s own future approvals or her personal delivery at WA1.

Corporate Presentation – Luni Niobium Project (May 2026) (p.4, leadership team); September 2024 Quarterly Activities and Cash Flow Report (Corporate section, appointment/background paragraph); Appeals Convenor’s Report: Cockburn Cement licence appeals (Appeals Convenor report, final recommendation/signature); Appeals Convenor’s Report: Yakka Munga Station vegetation conservation notice (Conclusion and recommendation, signed by Emma Gaunt); EPA Report 1730 – Earl Grey Lithium Project: Appeals Convenor letter (24 November 2022 letter, signatory and action)

Evidence gaps

  • Exact effective date for the current General Manager role and exact appointment/departure dates for Appeals Convenor were not located.

  • WA1 refers to prior approvals-management roles but does not name the employers or dates; education, qualifications and professional memberships were not found.

  • Official Appeals Convenor reports document recommendations, not independent performance assessments; no personal delivery outcome for WA1 approvals work was established.

  • Criminal, sanctions, litigation, professional-register, safety and environment searches were scoped open-web checks, not comprehensive checks.