Zeotech Limited

Career chronology

• More than 17 years before April 2020: Westpac Group — Senior leadership, corporate and institutional banking; earlier financial/equity markets. Our People (Our People, Peter Zardo biography, lines 59–63)

• 7 April 2020 to July 2020: Zeotech Limited — Chief Operating Officer. Annual Report 2025 (pp. 21–22, Peter Zardo service agreement; role commenced COO and amended to MD July 2020)

• July 2020 to cutoff: Zeotech Limited — Managing Director. Annual Report 2025 (pp. 21–22, Peter Zardo service agreement)

Education and qualifications

Education and professional qualification

As reported by cited source; accessed 2026-10-09 · issuer reported · low materiality

The issuer states that Zardo undertook Applied Science studies at Charles Sturt University and is an MAICD member. It does not identify a degree or graduation date; these claims are not independently verified.

Attribution: Responsibility not applicable. Credential statements are issuer-reported; no university or professional-body verification was obtained.

Relevance: Relevant to role-fit assessment and subject to verification gap.

Our People (Our People, Peter Zardo biography, lines 61–63)

Contributions and company outcomes

FY2026 project and commercial milestones

FY2026 through 2026-06-30; subsequent status through 2026-09-21 · issuer reported · medium materiality

During the cited period Zeotech reported the binding MSI DSO offtake, 2,300-tonne test-pit campaign, AusPozz concrete demonstration and methane-control field results, while Toondoon remained pre-commercial with approvals/logistics still progressing. These are company-level outcomes; the evidence does not isolate managing director's personal contribution or establish booked DSO/AusPozz sales.

Attribution: Role overlaps event; causation unproven. Management responsibility overlapped the company period, but personal causal contribution is not documented.

Relevance: Relevant to delivery assessment; distinguish test/contract milestones from commercial production and realized cash revenue.

Annual Report to shareholders (FY2026 annual report, Chair/MD reports and operating review); Quarterly Activities and Appendix 5B Cash Flow Report (pp. 1–8, activities report)

Business failures and setbacks

Pre-commercial status and funding dependence

FY2026 to 2026-06-30 · issuer reported · medium materiality

FY2026 reporting showed the Group remained pre-commercial, with a larger annual loss and operating cash outflow than the prior year; the annual report disclosed that additional funding may be needed to continue operations and develop assets. This is a company-level execution/funding risk during the executive's tenure, not evidence of personal misconduct or sole responsibility.

Attribution: Role overlaps event; causation unproven. The MD role overlapped the reported period; no personal causal attribution is established.

Relevance: Material to assessing delivery and capital allocation for a development-stage company.

Annual Report to shareholders (FY2026 annual report, financial statements and going-concern funding risk)

Litigation and enforcement

Unresolved exact-name court match: Fair Work Act penalty

2015 incident; judgment 2017-04-07 · documented · medium materiality

A 2017 Federal Circuit Court judgment names a Peter Zardo as the third respondent and found a contravention of Fair Work Act s.502(1): the court found deliberate and persistent obstruction of a permit holder seeking to consult a worker, and imposed a $1,000 penalty. The published judgment identifies project-management activity at a construction site but does not identify Zeotech, Westpac, or the executive biography; identity match to Zeotech’s MD is therefore unconfirmed and the finding is not attributed to him. The retrieved judgment contains no later appeal or correction reference; no appellate search located a later resolution.

Attribution: Responsibility unresolved. The court made a finding against the exact-name respondent, but source material does not establish that he is the Zeotech executive.

Relevance: Potentially relevant only if identity can be established; no executive misconduct conclusion is drawn from name alone.

Construction, Forestry, Mining and Energy Union v Class 1 Form Pty Ltd [2017] FCCA 696 (paras. 44–48, 55–73, 103–111 and 331–343)

Abercorn project milestone-rights litigation settled

2023; acquisition term sheet dated 2019-08-09 · issuer reported · medium materiality

Zeotech reported that court-ordered mediation over milestone performance rights issued as consideration for the 2019 Abercorn acquisition concluded in 2023, with a binding settlement/release and discontinuance of both proceedings conditional on shareholder approval. The disclosure does not describe any finding of wrongdoing by the named executive; the dispute originated in a pre-appointment transaction and settlement terms were company-level.

Attribution: Role overlaps event; causation unproven. The MD/CEO roles overlapped settlement execution/oversight; no personal involvement or wrongdoing is documented.

Relevance: Relevant as company legal/governance context; resolution status disclosed as settlement, not adjudication of merits.

Quarterly Activities Report (March 2023 quarter) (p. 8, Settlement of legal proceedings)

Suitability for the current role

Role relevance and evidenced background

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

The issuer reports 17+ years with Westpac, joining Zeotech as COO in 2020 and becoming MD in July 2020; it describes finance and commercialisation experience. 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.

Our People (Executive biography or corporate-directory entry for the named person)

Evidence gaps

• The exact-name 2017 court respondent cannot be confirmed as the Zeotech executive from the judgment; no independent identifier or employer link was found.

• Applied Science study is not reported as a completed degree; Westpac chronology and concurrent interests have not been independently verified.

• No exhaustive criminal, sanctions, court, regulator, safety, environment or qualification check was performed.

Career chronology

• More than 20 years before Holcim: Boral Limited — Executive General Management roles, including Queensland and Major Projects / PMO. Our People (Our People, Shane Graham biography, lines 65–70)

• Five years before Zeotech: Holcim Australia — Executive General Manager – Commercial & Major Projects; later EGM – Humes Australia. Our People (Our People, Shane Graham biography, lines 65–70)

• From 7 April 2025: Zeotech Limited — Executive Director (Technical). Annual Report 2025 (p. 23, service agreement effective date and role)

Education and qualifications

Education and professional qualification

As reported by cited source; accessed 2026-10-09 · issuer reported · low materiality

The issuer reports an MBA from Queensland University of Technology. The credential was not independently verified.

Attribution: Responsibility not applicable. Credential statements are issuer-reported; no university or professional-body verification was obtained.

Relevance: Relevant to role-fit assessment and subject to verification gap.

Our People (Our People, Shane Graham biography, lines 65–70)

Contributions and company outcomes

FY2026 project and commercial milestones

FY2026 through 2026-06-30; subsequent status through 2026-09-21 · issuer reported · medium materiality

During the cited period Zeotech reported the binding MSI DSO offtake, 2,300-tonne test-pit campaign, AusPozz concrete demonstration and methane-control field results, while Toondoon remained pre-commercial with approvals/logistics still progressing. These are company-level outcomes; the evidence does not isolate executive director's personal contribution or establish booked DSO/AusPozz sales.

Attribution: Role overlaps event; causation unproven. Management responsibility overlapped the company period, but personal causal contribution is not documented.

Relevance: Relevant to delivery assessment; distinguish test/contract milestones from commercial production and realized cash revenue.

Annual Report to shareholders (FY2026 annual report, operating review; his Zeotech tenure began April 2025); Quarterly Activities and Appendix 5B Cash Flow Report (pp. 1–8, activities report)

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.

Our People (Executive biography or corporate-directory entry for the named person)

Evidence gaps

• Prior-career date granularity and qualifications are mainly issuer-reported and not independently verified.

• Company milestones are not personally attributable from available evidence; the company remained pre-commercial at the cutoff.

• No exhaustive criminal, sanctions, court, regulator, safety, environment or qualification check was performed.

Career chronology

• 15 years before subsequent roles: Imerys Minerals Limited — Technical Manager / global kaolin calcination team. Executive Leadership Significantly Strengthened (pp. 1–2, appointment release, Imerys experience and technical responsibilities)

• 30 May 2018 to 1 April 2023: Andromeda Metals Limited — Managing Director/CEO, then Executive Director – Sales & Marketing. Annual Report 2023 (p. 49, directors report biography and role transition)

• From 9 September 2024: Zeotech Limited — Chief Executive Officer. Annual Report 2025 (p. 24, Marsh service agreement)

Education and qualifications

Education and professional qualification

As reported by cited source; accessed 2026-10-09 · issuer reported · low materiality

The issuer reports a BSc (Honours) from the University of the West of England; Andromeda’s 2023 annual report also identifies BSc (Hons) and MAusIMM. Credential verification remains outside these public-source checks.

Attribution: Responsibility not applicable. Credential statements are issuer-reported; no university or professional-body verification was obtained.

Relevance: Relevant to role-fit assessment and subject to verification gap.

Our People (Our People, James Marsh biography, lines 5–8)

Contributions and company outcomes

FY2026 project and commercial milestones

FY2026 through 2026-06-30; subsequent status through 2026-09-21 · issuer reported · medium materiality

During the cited period Zeotech reported the binding MSI DSO offtake, 2,300-tonne test-pit campaign, AusPozz concrete demonstration and methane-control field results, while Toondoon remained pre-commercial with approvals/logistics still progressing. These are company-level outcomes; the evidence does not isolate CEO's personal contribution or establish booked DSO/AusPozz sales.

Attribution: Role overlaps event; causation unproven. Management responsibility overlapped the company period, but personal causal contribution is not documented.

Relevance: Relevant to delivery assessment; distinguish test/contract milestones from commercial production and realized cash revenue.

Annual Report to shareholders (FY2026 annual report, CEO/operating report); Quarterly Activities and Appendix 5B Cash Flow Report (pp. 1–8, activities report)

Kaolin development leadership at Andromeda; project remained pre-production

2018-05-30 to 2023-03-31 · issuer reported · medium materiality

Andromeda’s 2023 annual report records Marsh as Managing Director from 30 May 2018 to 31 March 2023, followed by Executive Director – Sales & Marketing. Its Great White Project reached a 2023 DFS stage with a 15.1 Mt reserve and construction-ready permits, but funding and investment decision remained prerequisites to development. The report does not quantify Marsh’s personal contribution; these are employer outcomes during his role.

Attribution: Role overlaps event; causation unproven. Marsh held senior executive responsibilities; the company report does not establish individual causal contribution to the DFS, reserve or permits.

Relevance: Relevant industrial-minerals experience with an execution caveat: study/permit milestones did not equal producing operations during his tenure.

Annual Report 2023 (pp. 15–17 project readiness; p. 49 appointment and role chronology; p. 83 funding caveat)

Business failures and setbacks

Pre-commercial status and funding dependence

FY2026 to 2026-06-30 · issuer reported · medium materiality

FY2026 reporting showed the Group remained pre-commercial, with a larger annual loss and operating cash outflow than the prior year; the annual report disclosed that additional funding may be needed to continue operations and develop assets. This is a company-level execution/funding risk during the executive's tenure, not evidence of personal misconduct or sole responsibility.

Attribution: Role overlaps event; causation unproven. The CEO role overlapped the reported period; no personal causal attribution is established.

Relevance: Material to assessing delivery and capital allocation for a development-stage company.

Annual Report to shareholders (FY2026 annual report, financial statements and going-concern funding risk)

Suitability for the current role

Role relevance and evidenced background

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

The issuer reports 30+ years in industrial minerals and advanced materials, 15 years at Imerys and a BSc (Honours) from the University of the West of England. Current title in the selected roster: Chief Executive Officer. 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 Chief Executive Officer responsibilities, subject to the evidence limitations recorded below.

Our People (Executive biography or corporate-directory entry for the named person)

Evidence gaps

• Detailed exact dates for Imerys, Minerals Corporation and Active Minerals roles and complete concurrent board interests are not independently verified.

• Andromeda outcomes were company-level; personal causal contribution and subsequent appellate/legal outcomes were not established.

• No exhaustive criminal, sanctions, court, regulator, safety, environment or qualification check was performed.

Career chronology

• More than a decade before October 2021: Westpac and Commonwealth Bank of Australia — Corporate and institutional banking. Our People (Our People, Scott Burkhart biography, lines 10–15)

• Joined October 2021; COO until CEO appointment: Zeotech Limited — Chief Operating Officer. Executive Management Changes (p. 1, appointment release)

• 1 November 2023 to 9 September 2024: Zeotech Limited — Chief Executive Officer. Executive Management Changes (pp. 1–2, CEO change and employment terms)

• From 9 September 2024: Zeotech Limited — Chief Operating Officer. Annual Report 2025 (p. 25, service agreement amended to COO)

Education and qualifications

Education and professional qualification

As reported by cited source; accessed 2026-10-09 · issuer reported · low materiality

The issuer reports a Bachelor of Business (Management and Economics) from Auckland University of Technology. Credential not independently verified.

Attribution: Responsibility not applicable. Credential statements are issuer-reported; no university or professional-body verification was obtained.

Relevance: Relevant to role-fit assessment and subject to verification gap.

Executive Management Changes (p. 1, executive management changes)

Contributions and company outcomes

FY2026 project and commercial milestones

FY2026 through 2026-06-30; subsequent status through 2026-09-21 · issuer reported · medium materiality

During the cited period Zeotech reported the binding MSI DSO offtake, 2,300-tonne test-pit campaign, AusPozz concrete demonstration and methane-control field results, while Toondoon remained pre-commercial with approvals/logistics still progressing. These are company-level outcomes; the evidence does not isolate COO's personal contribution or establish booked DSO/AusPozz sales.

Attribution: Role overlaps event; causation unproven. Management responsibility overlapped the company period, but personal causal contribution is not documented.

Relevance: Relevant to delivery assessment; distinguish test/contract milestones from commercial production and realized cash revenue.

Annual Report to shareholders (FY2026 annual report, operating review and KMP disclosures); Quarterly Activities and Appendix 5B Cash Flow Report (pp. 1–8, activities report)

Business failures and setbacks

Pre-commercial status and funding dependence

FY2026 to 2026-06-30 · issuer reported · medium materiality

FY2026 reporting showed the Group remained pre-commercial, with a larger annual loss and operating cash outflow than the prior year; the annual report disclosed that additional funding may be needed to continue operations and develop assets. This is a company-level execution/funding risk during the executive's tenure, not evidence of personal misconduct or sole responsibility.

Attribution: Role overlaps event; causation unproven. The COO role overlapped the reported period; no personal causal attribution is established.

Relevance: Material to assessing delivery and capital allocation for a development-stage company.

Annual Report to shareholders (FY2026 annual report, financial statements and going-concern funding risk)

Litigation and enforcement

Abercorn project milestone-rights litigation settled

2023; acquisition term sheet dated 2019-08-09 · issuer reported · medium materiality

Zeotech reported that court-ordered mediation over milestone performance rights issued as consideration for the 2019 Abercorn acquisition concluded in 2023, with a binding settlement/release and discontinuance of both proceedings conditional on shareholder approval. The disclosure does not describe any finding of wrongdoing by the named executive; the dispute originated in a pre-appointment transaction and settlement terms were company-level.

Attribution: Role overlaps event; causation unproven. The MD/CEO roles overlapped settlement execution/oversight; no personal involvement or wrongdoing is documented.

Relevance: Relevant as company legal/governance context; resolution status disclosed as settlement, not adjudication of merits.

Quarterly Activities Report (March 2023 quarter) (p. 8, Settlement of legal proceedings)

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: Chief Operating Officer. 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 Chief Operating Officer responsibilities, subject to the evidence limitations recorded below.

Our People (Executive biography or corporate-directory entry for the named person)

Evidence gaps

• Prior-career date granularity and qualifications are mainly issuer-reported and not independently verified.

• Company milestones are not personally attributable from available evidence; the company remained pre-commercial at the cutoff.

• No exhaustive criminal, sanctions, court, regulator, safety, environment or qualification check was performed.

Career chronology

• From 18 November 2024: Zeotech Limited — Chief Commercial Officer / General Manager. Annual Report 2025 (p. 26, service agreement; p. 20 KMP date)

• 35+ years; employer names and exact dates not independently confirmed: Earlier employers not named in issuer biography — Executive/senior leadership in industrial minerals, technology, water, energy, resources and engineering. Our People (Our People, Tim Anderson biography, lines 16–20)

Education and qualifications

Education and professional qualification

As reported by cited source; accessed 2026-10-09 · issuer reported · low materiality

The issuer reports an Honours Degree in Civil Engineering from the University of Adelaide and GAICD membership; neither was independently verified.

Attribution: Responsibility not applicable. Credential statements are issuer-reported; no university or professional-body verification was obtained.

Relevance: Relevant to role-fit assessment and subject to verification gap.

Our People (Our People, Tim Anderson biography, lines 16–20)

Contributions and company outcomes

FY2026 project and commercial milestones

FY2026 through 2026-06-30; subsequent status through 2026-09-21 · issuer reported · medium materiality

During the cited period Zeotech reported the binding MSI DSO offtake, 2,300-tonne test-pit campaign, AusPozz concrete demonstration and methane-control field results, while Toondoon remained pre-commercial with approvals/logistics still progressing. These are company-level outcomes; the evidence does not isolate commercial role's personal contribution or establish booked DSO/AusPozz sales.

Attribution: Role overlaps event; causation unproven. Management responsibility overlapped the company period, but personal causal contribution is not documented.

Relevance: Relevant to delivery assessment; distinguish test/contract milestones from commercial production and realized cash revenue.

Annual Report to shareholders (FY2026 annual report and 29 April 2026 quarterly report, commercial pathway and customer trials); Quarterly Activities and Appendix 5B Cash Flow Report (pp. 1–8, activities report)

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: Chief Commercial Officer / General Manager. 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 Chief Commercial Officer / General Manager responsibilities, subject to the evidence limitations recorded below.

Our People (Executive biography or corporate-directory entry for the named person)

Evidence gaps

• Prior-career date granularity and qualifications are mainly issuer-reported and not independently verified.

• Company milestones are not personally attributable from available evidence; the company remained pre-commercial at the cutoff.

• No exhaustive criminal, sanctions, court, regulator, safety, environment or qualification check was performed.

Career chronology

• Most recent prior role before Zeotech appointment: Holcim Australia — Regional Operations Manager – Queensland Concrete. Quarterly Activities and Appendix 5B Cash Flow Report (p. 8, appointment biography)

• More than 40 years across sector; dates not stated: Boral and Holcim — Senior leadership positions, concrete/quarry/logistics. Quarterly Activities and Appendix 5B Cash Flow Report (p. 8, appointment biography)

• From 9 March 2026: Zeotech Limited — Project Director – Operations. Quarterly Activities and Appendix 5B Cash Flow Report (p. 8, Corporate section)

Education and qualifications

Education and professional qualification

As reported by cited source; accessed 2026-10-09 · issuer reported · low materiality

No qualification was reported in the dated 2026 appointment release reviewed; the available undated issuer biography reviewed did not specify one.

Attribution: Responsibility not applicable. Credential statements are issuer-reported; no university or professional-body verification was obtained.

Relevance: Relevant to role-fit assessment and subject to verification gap.

Quarterly Activities and Appendix 5B Cash Flow Report (p. 8, Corporate section (appointment biography))

Contributions and company outcomes

FY2026 project and commercial milestones

FY2026 through 2026-06-30; subsequent status through 2026-09-21 · issuer reported · medium materiality

During the cited period Zeotech reported the binding MSI DSO offtake, 2,300-tonne test-pit campaign, AusPozz concrete demonstration and methane-control field results, while Toondoon remained pre-commercial with approvals/logistics still progressing. These are company-level outcomes; the evidence does not isolate operations appointment's personal contribution or establish booked DSO/AusPozz sales.

Attribution: Role overlaps event; causation unproven. Management responsibility overlapped the company period, but personal causal contribution is not documented.

Relevance: Relevant to delivery assessment; distinguish test/contract milestones from commercial production and realized cash revenue.

Annual Report to shareholders (29 April 2026 quarterly report, p. 8 appointment and project scope); Quarterly Activities and Appendix 5B Cash Flow Report (pp. 1–8, activities report)

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: Project Director, Operations. 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 Project Director, Operations responsibilities, subject to the evidence limitations recorded below.

Our People (Executive biography or corporate-directory entry for the named person)

Evidence gaps

• Prior employers’ precise role dates and credentials are not reported in the dated appointment release.

• No exhaustive criminal, sanctions, court, regulator, safety, environment or qualification check was performed.

Career chronology

• Appointed 7 May 2015 (annual report roster); current at cutoff: Zeotech Limited — Company Secretary. Our People (Our People, Neville Bassett biography, lines 79–83)

• Career dates and complete concurrent-appointment list not independently established: Public and private companies — Chartered accountant and corporate adviser; company secretarial/directorship practice. Our People (Our People, Neville Bassett biography, lines 79–83)

Education and qualifications

Education and professional qualification

As reported by cited source; accessed 2026-10-09 · issuer reported · low materiality

The issuer reports a Bachelor of Business and FCA designation; qualification and standing were not independently verified.

Attribution: Responsibility not applicable. Credential statements are issuer-reported; no university or professional-body verification was obtained.

Relevance: Relevant to role-fit assessment and subject to verification gap.

Our People (Our People, Neville Bassett biography, lines 79–83)

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: 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 Company Secretary responsibilities, subject to the evidence limitations recorded below.

Our People (Executive biography or corporate-directory entry for the named person)

Evidence gaps

• Complete concurrent appointments, career chronology and independent verification of qualifications/professional standing are unavailable in the sources reviewed.

• No exhaustive criminal, sanctions, court, regulator, safety, environment or qualification check was performed.