State of the Market - Board and Executive Movements in Mining for 2018

State of the Market: Board and Executive Movements in Mining for 2018 & Diversity Statistics

•

BACKGROUND Blenheim Partners specialise in: ▪ Executive Search; ▪ Non-Executive Director Search; ▪ Board Strategy and Structure Consulting; ▪ External Succession Planning; and ▪ Executive Re-Engagement / Transition. Founded in 2012, our team have acted as specialist Psychologists, Coaches and exceptionally adviser to many of the world’s leading experienced Researchers. corporations on Board and Executive performance, capability and succession planning. Blenheim Partners is continually investing in knowledge and understanding as exemplified by Our consultants have worked with clients from all our Thought Leadership “The Challenges of sectors and a broad range of geographies. They Attaining Growth”, Industry Papers and monthly include over 80 of the ASX 100, 10% of the FTSE Market Intelligence reports. 100, Private Equity, Multinational, Private Family and Mutually Owned Companies. Our philosophy is to develop deep and committed relationships with a select number of clients and Our work includes assignments that are both local help them deliver a superior performance by and international in scope. optimising the composition of their Board and Executive team. Our team consists of senior Search Consultants, Human Resource Directors, Our culture is built on pride, professionalism, esprit de corps and client service.

MINING AND SERVICES Acrow Formwork and Construction Services Ltd: Margaret Prokop has been appointed as a Non- Executive Director, effective 31 August 2018. Adelaide Brighton Ltd: Martin Brydon has informed the Board of his intention to retire as Chief Executive Officer. Nick Miller has been appointed as Chief Executive Officer succeeding Martin Brydon, effective April 2019. Graeme Pettigrew has resigned as a Non-Executive Director. Vanessa Guthrie and Geoff Tarrant have been appointed as Non-Executive Directors, effective 8 February 2018. Zlatko Todorcevski has been appointed as Chairman, and Leslie Hosking has resigned as Chairman, effective May 2018. Alexium International Group Ltd: Dirk Van Hyning has resigned as Chief Executive Officer effective 30 May 2018, Robert Brookins has been appointed as Interim Chief Executive Officer. Robert Brookins has been appointed as Chief Executive Officer and Managing Director. Jason Lewis has been appointed as Chief Financial Officer effective 22 October 2018, Aaron Krech has resigned as Chief Financial Officer effective 30 September 2018, Allen Reihman has been appointed as Chief Commercial Officer effective 8 October 2018. Craig Metz and Karen Thurman will retire as Non- Executive Directors at the 2018 Annual General Meeting, Rosheen Garnon has been appointed as a Non-Executive Director. Alumina Ltd: Chris Thiris will retire as Chief Financial Officer effective 31 December 2018, Galina Kraeva has been appointed as Interim Chief Financial Officer effective 31 December 2018. Amcor Ltd: Eric Roegner has been appointed as President Amcor Rigid Plastics succeeding Mike Schmitt, Mike has been appointed as Executive Vice President. AngloGold Ashanti Ltd: Srinivasan Venkatakrishnan has resigned as Chief Executive Officer, effective 30 August 2018. Kelvin Dushnisky has been appointed as Chief Executive Officer and Executive Director of the Board, effective 1 September 2018. Arafura Resources Ltd: Mark Southey has been appointed as a Non-Executive Director. Arowana International Ltd: Eduardo Fernandez has been appointed as a Non-Executive Director, effective 2 April 2018. John Moore will retire from the Board, effective 30 June 2018. Anthony Kinnear has resigned as a Non-Executive Director, effective 17 August 2018. Atlas Iron Ltd: Spiro Pappas has been appointed as Chairman, and Ian Plimer, Tad Watroba and Stephen Wood have been appointed as Non-Executive Directors. Eugene Davis has resigned as Chairman, Alan Carr and Cheryl Edwards have resigned as Non-Executive Directors. Cliff Lawrenson has resigned as Managing Director, Sanjiv Manchanda has been appointed as Chief Executive Officer. Aurecon: William Cox has been appointed as Chief Executive Officer, effective February 2019. Aurelia Metals Ltd: Clifford Tuck has been appointed as a Non-Executive Director, effective 24 May 2018. Clifford Tuck has resigned as a Non-Executive Director, effective 30 September 2018. Susie

Corlett has been appointed as a Non-Executive Director, effective immediately. Paul Harris has been appointed as a Non-Executive Director. Aurora Minerals Ltd: Martin Pyle has resigned as Managing Director, and Geoffrey Laing has been appointed as Chief Executive Officer, with the intention of him being appointed Managing Director. Ausdrill Ltd: Managing Director and Chief Executive Officer, Ron Sayers, will formally retire on 3 July 2018. Current Chief Financial Officer, Theresa Milkota, will act as Interim Chief Executive Officer. Mark Connelly has resigned as a Non-Executive Director. Robert Cole and Alexandra Atkins have been appointed as Non-Executive Directors, effective 14 July 2018. Keith Gordon has been appointed as a Non-Executive Director, effective 1 November 2018. Austal Ltd: Jim McDowell has resigned as a Non-Executive Director, effective September 2018. Chris Indermaur has been appointed as a Non-Executive Director, effective 19 October 2018. Austin Engineering Ltd: Charlie Sartain has resigned as a Non-Executive Director, effective 1 April 2018. Sybrandt van Dyk has been appointed as a Non-Executive Director, effective immediately. Christine Hayward has resigned as Chief Financial Officer effective immediately, Sam Cruickshank has been appointed as Interim Chief Financial Officer. BCI Minerals Ltd: Andy Haslam and Martin Bryant have resigned as Non-Executive Directors, effective 30 November 2018. Beadell Resources Ltd: Aoife McGrath will join Beadell Resources as Head of Exploration and Geology. Simon Jackson has resigned as Chief Executive Officer and Managing Director, Peter Holmes has resigned as Chief Operating Officer and Nicole Adshead-Bell has been appointed as Chief Executive Officer and Managing Director. Luis Pablo Diaz has been appointed as Country Manager, Fabio Marques has been appointed as General Manager, Brant Hinze has been appointed as Chairman, and Craig Readhead has stepped down as Chairman but will remain as a Non-Executive Director. Bingo Industries Ltd: Barry Buffier has been appointed as a Non-Executive Director. Blackham Resources Ltd: Greg Miles has resigned as a Non-Executive Director, Geoff Jones has been appointed as a Non-Executive Director. Tony James has been appointed as a Non-Executive Director. Geoff Jones has resigned as a Non-Executive Director. BlueScope Steel Ltd: Mark Hutchinson has been appointed as a Non-Executive Director effective 1 October 2018, Ken Dean and Daniel Grollo will retire from the Board at the 2018 Annual General Meeting. Boral Ltd: Brian Clark will retire as Chairman effective 30 June 2018, Kathryn Fagg has been appointed as Chair effective 1 July 2018. Brambles Ltd: Elizabeth Fagan has been appointed as a Non-Executive Director, effective 1 June 2018. Breaker Resources Ltd: Linton Putland has been appointed as a Non-Executive Director.

Cape Lambert Resources Ltd: Philippe Bouchart has been appointed as General Manager of the Company’s DRC based joint venture. Capricorn Metals Ltd: Debra Bakker has been appointed as a Non-Executive Director. Guy LeClezio is retiring as a Non-Executive Director effective 2 February 2018, Peter Langworthy has been appointed as a Non-Executive Director, and Michael Martin will take over from Peter’s role as General Manager Geology. Carbine Resources Ltd: Tony James has resigned as Managing Director. John Fitzgerald and Graham Brock have resigned as Directors, effective immediately. Oonagh Malone has been appointed as a Director, effective immediately. Evan Cranston has been appointed as Non-Executive Chairman, effective immediately. Mathew O’Hara has been appointed as a Non-Executive Director effective immediately. Cardinal Resources Ltd: Kenneth Thomas has been appointed as a Non-Executive Director. Cardno Ltd: Ian Ball has been appointed as Chief Executive Officer and Managing Director, effective 9 August 2018. Neville Buch has retired as a Non-Executive Director effective 31 December 2018, Gary Jandegian and Roberto Prieto have also retired as Non-Executive Directors effective 24 October 2018. Cardno Ltd: Rebecca Ranich has been appointed as a Non-Executive Director, effective 19 March 2018. Celamin Holdings Ltd: Martin Broome and Sue-Ann Higgins has resigned as Non-Executive Directors, Robin Widdup and Simon Eley have been appointed as Non-Executive Directors. Centrex Metals Ltd: Mark Terry has been appointed as Chief Financial Officer, effective 27 August 2018. Chalice Gold Mines Ltd: Chief Executive Officer Alex Dorsch has also been appointed as Managing Director, effective 13 November 2018. Tim Goyder has been appointed as Executive Chairman, Alex Dorsch has been appointed as Chief Executive Officer and Anthony Kiernan will step down as Chairman but will remain as a Non-Executive Director on the Board. Tony Kiernan has resigned as a Non-Executive Director, effective immediately. Chesser Resources Ltd: Michael Brown has been appointed as Chief Executive Officer and Managing Director effective 5 November 2018, Simon McDonald has stepped down as Chief Executive Officer. CleanTeq Holdings Ltd: Judith Downes has been appointed to the Board as a Non-Executive Director, effective 1 October 2018. CSR Ltd: John Gillam has been appointed as Chairman, effective 31 May 2018. Jeremy Sutcliffe will retire from the Board as Chairman, effective 31 May 2018. Rob Sindel will resign as Managing Director and Chief Executive Officer within twelve months. Bruno Bamonte has been appointed as Company Secretary and Interim Chief Financial Officer. Paul Keran has resigned as Non-Executive Director, effective immediately. Chiwei Wang has resigned as a Non-Executive Director, effective 16 July 2018. Peter Hutchison has resigned as Chairman and Non-Executive Director. Stephen Yip has

been appointed as a Non-Executive Director, Benjamin Zhai has resigned as a Non-Executive Director but will continue with the company as an Alternative Director to Mr Yip. Decmil Group Ltd: Dickie Dique has been appointed as a Non-Executive Director. Kate Shrack has been appointed as Executive General Manager People, Damian Kelliher has been appointed as Executive General Manager Commercial and Risk. Downer EDI Ltd: Nicole Hollows has been appointed as a Non-Executive Director, effective 19 June 2018. DuluxGroup Ltd: Jane Harvey and Joanne Crewes have been appointed as Non-Executive Directors effective 1 February 2018. Peter Kirby will retire as Chairman effective 30 June 2018 and Graeme Liebelt has been appointed as Chairman effective 30 June 2018. Emerald Resources NL: Chief Operating Officer Mick Evans has been appointed as Executive Director, effective immediately. ERM Power Ltd: Julieanne Alroe has been appointed as a Non-Executive Director, effective 24 August 2018. Evolution Mining Ltd: Naguib Sawiris and Sebastien de Montessus have resigned as Non-Executive Directors, effective immediately. Explaurum Ltd: Mark Zeptner has been appointed as a Non-Executive Director. Fletcher Building Ltd: Dean Fradgley has been appointed as Chief Executive Australia, Bruce McEwen has been appointed as Chief Executive Distribution New Zealand, Ian Jones has been appointed as Chief Executive Concrete Division, and Hamish Mcbeath has been appointed as Chief Executive Steel Division, all appointments are effective 1 July 2018. Bruce Hassall has been appointed as Chairman effective 1 September 2018 succeeding Sir Ralph Norris, Barbara Chapman, Robert McDonald, Douglas McKay and Cathy Quinn have been appointed as Non-Executive Directors effective 1 September 2018, Alan Jackson and Cecilia Tarrant will retire from the Board as Non-Executive Directors. Martin Brydon has been appointed as a Non-Executive Director, effective 1 September 2018. Peter Reidy has been appointed as Chief Executive Construction, Michele Kernahan has been appointed as Chief Executive Building Products, and David Thomas Interim Chief Executive Building Products will return to his role as General Manager Winstone Wallboards. All appointments are effective early November 2018. Wendi Croft has been appointed as Chief Health and Safety Officer, effective immediately. Fortescue Metals Group Ltd: Cao Zhiqiang has been appointed as a Non-Executive Director replacing Cao Huiquan who has resigned to take up another role. Elizabeth Gains has been appointed as Chief Executive Officer, Neville Power has resigned as Chief Executive Officer effective 19 February 2018. Sebastian Coe has been appointed as a Non-Executive Director. Gascoyne Resources Ltd: Eva O’Malley remains in the position of Company Secretary. John Den Dryver has resigned as a Non-Executive Director, effective 18 April 2018. Ian Murray has been appointed as Chairman, Mark Le Messurier has been appointed as a Non-Executive Director, current Chairman Mike Joyce will remain as a Non-Executive Director.

Gold Road Resources Ltd: Ian Murray has resigned as Managing Director and Chief Executive Officer effective 17 September 2018, Duncan Gibbs has been appointed as Managing Director and Chief Executive Officer effective 17 September 2018. Gulf Manganese Corporation Ltd: Sam Boon Beng Lee has been appointed as a Non-Executive Director, effective 21 July 2018. Robert Lerace has been appointed as Chief Financial Officer, effective 1 October 2018. Hastings Technology Metal Ltd: Guy Robertson has retired as a Non-Executive Director and Joint Company Secretary, Neil Hackett has been appointed as a Non-Executive Director and Company Secretary, Andrew Reid has been appointed as Chief Operating Officer. Aris Stamoulis has resigned as an Executive Director, effective 15 March 2018. Havilah Resources Ltd: Mark Stewart has been appointed as Chairman effective 12 December 2018, Kenneth Williams will retire as Chairman effective 12 December 2018 and will retire as a Director when a Non-Executive Director has been appointed. Highfield Resources Ltd: Isaac Querub has been appointed as a Non-Executive Director, effective 5 April 2018. Iluka Resources Ltd: Doug Warden has resigned as Chief Financial Officer and Head of Strategy and Planning, Adele Stratton has been appointed as Chief Financial Officer, Julian Andrews has been appointed as Head of Business Development and Group Rehabilitation. Rob Cole has been appointed as a Non-Executive Director, effective 1 March 2018. Incitec Pivot Ltd: Simon Atkinson has resigned as President, Dyno Nobel Asia Pacific, Greg Hayne has been appointed as President, Dyno Nobel Asia Pacific, and, James Crough has been appointed as Interim President, Incitec Pivot Fertilisers, all changes effective 30 January 2018. Robert Rounsley has been appointed as Chief Technology Development Officer, and Seth Hobby has been appointed as Executive Commercial Officer, both are effective 30 January 2018. Bruce Brook has been appointed as a Non-Executive Director effective 3 December 2018, Graham Smorgon will retire as a Non-Executive Director effective 20 December 2018. Intrepid Mines Ltd: Peter Love has resigned as a Director, effective 13 February 2018. Richard Baumfield will be appointed as Chairperson at the next board meeting. James Hardie Industries Plc: Persio Lisboa has been appointed as a Non-Executive Director effective 2 February 2018. Steven Simms has resigned as a Non-Executive Director, effective 23 August 2018. Anne Lloyd has been appointed as a Non-Executive Director, effective 4 November 2018. Rada Rodriguez has been appointed as a Non-Executive Director, effective 13 November 2018. Jack Truong will succeed Louis Gries as Chief Executive Officer towards the end of the company’s 2019 fiscal year. Kidman Resources Ltd: Charles McGill has resigned as Chief Financial Officer, effective immediately. Frederick Kotzee has been appointed as Chief Financial Officer, effective 13 August 2018. Kingsgate Consolidated Ltd: Ross Coyle has resigned as Chief Financial Officer and Company Secretary. Sharon Skeggs has resigned as a Non-Executive Director, effective immediately.

LogiCamms Ltd: Chris O’Neill has been appointed as Chief Executive Officer, effective 26 November 2018. Macmahon Holdings Ltd: Kim Horne has been appointed as a Non-Executive Director. Vyril Vella has resigned as a Non-Executive Director, effective 31 October 2018. Magnis Resources Ltd: Peter Sarantzouklis has resigned as a Director, effective immediately. The Hon. Warwick Smith AM has been appointed as a Director. Medusa Mining Ltd: Boyd Timler is retiring as Managing Director and Chief Executive Officer, effective 6 July 2018. Chairman Andrew Teo, will assume the role of Interim Chief Executive Officer. David McGowan has been promoted to Chief Operating Officer. Peter Hepburn-Brown re-joins the company as a Non-Executive Director. Metals X Ltd: Damien Marantelli has been appointed as a Non-Executive Director effective 3 September 2018, Stephen Robinson has stepped down from the Board but will remain on the Executive Team as Executive General Manager – Projects and Planning. Campbell Baird has been appointed Executive General Manager – Mining and Technical, Simon Rigby has been appointed as Executive General Manager – Geology and Business Development, and Russell Cole has been appointed as General Manager – Nifty Copper Operations. Damien Marantelli has been appointed as Managing Director and Chief Executive Officer, Warren Hallam has resigned as Managing Director and Allan King has resigned as Chief Operating Officer, all changes are effective 12 November 2018. Metro Performance Glass Ltd: Rhys Jones has been appointed as a Non-Executive Director, effective 1 April 2018. Andrew Dallison has been appointed as General Manager South Island and Angus Wilson has been appointed as General Manager New South Wales. Milton Corporation Ltd: Brendan O’Dea has been appointed as Deputy Chief Executive Officer effective 22 January 2018. Mincor Resources NL Ltd: Liza Carpene has been appointed as a Non-Executive Director, effective immediately. Brett Lambert has been appointed as Non-Executive Chairman, effective immediately. Peter Muccilli will be stepping down as Managing Director and will be succeeded by David Southam, effective 1 February 2019. Mineral Resources Ltd: Mark Wilson has been appointed as Chief Financial Officer effective 27 August 2018, Bruce Goulds will formally retire as Chief Financial Officer and Company Secretary 6 December 2018. MMG Ltd: Jiao Jian has resigned as Chief Executive Officer effective 1 August 2018 and will then become a Non-Executive Director of the company, and Gao Xiaoyu has been appointed as Chief Executive Officer effective 1 August 2018. Mount Gibson Iron Ltd: Gillian Dobson has been appointed as Chief Financial Officer effective immediately, Scott de Kruijff has been appointed as Chief Operating Officer effective immediately. Peter Kerr has been appointed as Chief Executive Officer succeeding Jim Beyer, effective 30 September 2018. MZI Resources Ltd: Yuzi (Albert) Zhou has been appointed as a Non-Executive Director.

Neometals Ltd: Jennifer Purdie and Les Guthrie join the Neometals Board as Non-Executive Directors. Newcrest Mining Ltd: Peter Tomett has been appointed as a Non-Executive Director effective 1 September 2018, Rick lee will retire as a Non-Executive Director effective 14 November 2018. Niuminco Group Ltd: Mark Ohlsson has resigned as a Non-Executive Director but will continue as Company Secretary. Northern Star Resources Ltd: David Flanagan has resigned as a Non-Executive Director. Nufarm Ltd: Bruce Goodfellow will retire as a Non-Executive Director, effective 6 December 2018. Nusantara Resources Ltd: Derek Humphry has been appointed as Chief Financial Officer taking over the role from Craig Smyth. Robin Widdup has been appointed as a Non-Executive Director. Greg Foulis has been appointed as Chairman of the Board; Martin Pyle will stand down as Chairman and will continue as a Non-Executive Director. OceanaGold Corporation Ltd: Diane Garrett, William Myckatyn and Jose Leviste has resigned as Non-Executive Directors, effective 1 June 2018. Ian Reid has been appointed as a Non-Executive Director, effective immediately. Nora Scheinkestel has been appointed as a Non-Executive Director, effective 1 April 2018. Orica Ltd: Vince Nicoletti has resigned as Chief Financial Officer, Christopher Davis has been appointed as Chief Financial Officer effective 1 October 2018. Orocobre Ltd: Masaharu Katayama has been appointed to the Board of Directors, effective 12 April 2018. Richard Seville has informed the Board of his intention to resign from his role as Managing Director and Chief Executive Officer. Courtney Pratt has retired as a Non-Executive Director, effective 23 November 2018. Martin Perez de Solay has been appointed as Chief Executive Officer and Managing Director. OZ Minerals Ltd: Charlie Sartain has been appointed as a Non-Executive Director effective 1 August 2018, Marcelo Bastos has been appointed as a Non-Executive Director effective 1 September 2018, and Peter Tomsett has resigned as a Non-Executive Director effective 1 August 2018. Julie Beeby has resigned as a Non-Executive Director. Pact Group Holdings Ltd: Carmen Chua has been appointed as a Non-Executive Director, effective 1 September 2018. Malcolm Bundey has resigned as Chief Executive Officer and Managing Director, Raphael Geminder has been appointed as Executive Chairman effective immediately. Paladin Energy Ltd: David Riekie and Daniel Harris have been appointed as Non-Executive Directors. John Hodder has been appointed as a Non-Executive Director. Scott Sullivan has been appointed as Chief Executive Officer effective 1 July 2018, and Alex Molyneux will retire as Chief Executive Officer. Panoramic Resources Ltd: Nicholas Cernotta has been appointed as a Non-Executive Director, effective 2 May 2018. Rebecca Hayward has been appointed as a Non-Executive Director, effective 21 June 2018.

Phoslock Environmental Technologies Ltd: Zhigang Zhang has been appointed as Deputy Chairman, Ningping Ma has been appointed as a Non-Executive Director. Pilbara Minerals Ltd: John Young has resigned as a Non-Executive Director effective immediately, and Sally-Anne Layman has been appointed as a Non-Executive Director. Platina Resources Ltd: Corey Nolan has been appointed as Chief Executive Officer, effective 1 August 2018. John Anderson has been appointed as a Non-Executive Director. PMP Ltd: Stephen Anstice has resigned as a Non-Executive Director. Pro-Pac Packaging Ltd: Brendon Penn, has retired as a Non-Executive Director. Darren Brown has been appointed as a Non-Executive Director, effective 2 July 2018. Leonie Valentine has been appointed as a Non-Executive Director, effective 1 August 2018. Marina Go has been appointed as a Non-Executive Director, effective 1 August 2018. Grant Harrod has resigned as Chief Executive Officer but will remain with the company until a replacement is appointed. Rick Rostolis has been appointed as Chief Financial Officer and Company Secretary, Mark Saus has resigned as Chief Financial Officer and Company Secretary, effective 1 October 2018. Ramelius Resources Ltd: Kevin Lines has been appointed as Interim Chairman, effective immediately. David Southam has been appointed as a Non-Executive Director effective 2 July 2018, Kevin Lines has been appointed Chairman. RCR Tomlinson Ltd: David Robinson has been appointed as a Non-Executive Director, effective 1 March 2018. Paul Dalgleish has resigned as Managing Director and Chief Executive Officer, Bruce James has been appointed as Interim Chief Executive Officer effective 7 August 2018. Eva Skira has retired as a Non-Executive Director, effective 3 October 2018. Andrew Phipps has resigned as Chief Financial Officer, effective 7 November 2018. Redflow Ltd: David Brant has been appointed as a Non-Executive Director. John Lindsay has been appointed as a Non-Executive Director to allow for Non-Executive Director Simon Hackett to transition from the Board into a newly created role as System Integration Architect. Tim Harris has been appointed as Chief Executive Officer, Richard Aird will return to the role of Chief Operating Officer. Trudy Walsh has been appointed as Chief Financial Officer effective in September 2018, Andrew Kempster has resigned as Sales Director. Howard Stack has resigned as a Non-Executive Director, effective 28 June 2018. Chief Executive Officer Tim Harrishas has also been appointed Managing Director, effective 2 July 2018. Reece Group Ltd: Bruce W.C. Wilson has retired as a Non-Executive Director effective 31 August 2018, Ronald G. Pitcher has retired as a Non-Executive Director effective 25 October 2018, and Andrew Wilson has been appointed as a Non-Executive Director effective 1 September 2018. Regis Resources Ltd: Managing Director and Executive Chairman Mark Clark will retire as Managing Director effective 15 October 2018 and will continue as Non-Executive Chairman until late November 2018. Jim Beyer has been appointed as Chief Executive Officer and Managing Director effective 15 October 2018, James Mactier has been appointed as Non-Executive Chairman Elect effective end of November 2018, Mark Okeby will cease to act as Lead Independent Director but will remain a Non-Executive Director.

Reliance Worldwide Corporation Ltd: Sharon McCrohan has been appointed as a Non-Executive Director, effective 27 February 2018. Resolute Mining Ltd: Sabina Shugg has been appointed as a Non-Executive Director, Bill Price has resigned as a Non-Executive Director. Rio Tinto Ltd: Jakob Stausholm has been appointed as Chief Financial Officer effective 3 September, succeeding Chris Lynch who will retire as Chief Financial Officer effective 30 September 2018. Moya Greene has been appointed as a Non-Executive Director, Paul Tellier has resigned as a Non-Executive Director, effective 2 May 2018. Simon McKeon has been appointed as a Non-Executive Director, effective 1 January 2019. Saracen Mineral Holdings Ltd: Tony Kiernan has been appointed as Chairman replacing Geoff Clifford who has retired as Chairman but will remain as a Non-Executive Director, effective 13 September 2018. Sihayo Gold Ltd: Malcolm Paterson has resigned as Chief Executive Officer and Managing Director effective 31 August 2018, Timothy Adams has been appointed as Interim Chief Executive Officer. Silver Chef Ltd: Graeme Fallet has been appointed as Chief Financial Officer, effective 20 June 2018. Silver Lake Resources Ltd: Brian Kennedy has resigned as a Non-Executive Director, effective immediately. Sims Metal Management Ltd: Hiroyuki Kato has been appointed as a Non-Executive Director replacing Tamotsu Sato, effective 8 November 2018. Sipa Resources Ltd: Craig McGown has resigned as Chairman but will remain as a Non-Executive Director, Tim Kennedy has been appointed as Chairman effective immediately. St Barbara Ltd: Stefanie Loader has been appointed as a Non-Executive Director, effective 1 November 2018. Stanmore Coal Ltd: Patrick O’Connor has resigned as a Non-Executive Director, Andrew Martin has been appointed as a Non-Executive Director. Andrew Martin has resigned as a Non-Executive Director. Steamships Trading Company Ltd: Michael Scantlebury has been appointed as Managing Director and Chief Executive Officer, Rupert Bray has been appointed as Chief Operating Officer, and Peter Langslow has resigned as Managing Director and Chief Executive Officer, all changes are effective 27 August 2018. Peter Aitsi has resigned as a Non-Executive Director, effective 10 October 2018. Sundance Resources Ltd: Alan Rule has resigned as a Non-Executive Director. Brett Fraser has been appointed as a Non-Executive Director, effective 10 April 2018. Thomas Mitchell has been appointed as a Non-Executive Director, effective immediately. Syrah Resources Ltd: Lisa Bahash has been appointed as a Non-Executive Director. Stefano Giorgina has resigned as a Non-Executive Director, effective 7 December 2018.

Tempo Australia Ltd: Ian Lynass has been appointed as Chief Executive Officer, succeeding Max Bergomi, effective 19 March 2018. Guido Belgiorno-Nettis has also been appointed as Deputy Chairman, effective immediately. Michael West resigned as Chief Financial Officer and Company Secretary, effective 15 June 2018. Scott MacDonald has been appointed as Chief Financial Officer and Company Secretary, effective 15 June 2018. Ian Lynass has also been appointed as Managing Director. TerraCom Ltd: Matthew Hunter has been appointed as a Non-Executive Director. Terramin Australia Ltd: Richard Taylor has been appointed as Chief Executive Officer. Tiger Resources Ltd: Caroline Keats has been appointed as Executive General Manger Legal and Commercial, effective 3 September 2018. Ian Kerr has resigned as a Non-Executive Director. David Frances has been appointed as Executive Chairman, effective immediately, Brad Sampson has ceased his role as Chief Executive Officer. Mark Connelly has resigned as a Non-Executive Director. TNG Ltd: Greg Durack has been appointed as a Non-Executive Director, Stuart Crow has resigned as a Non-Executive Director effective 31 May 2018, and Rex Turkington has been appointed as Interim Chairman. Jason Giltay has been appointed as General Manager – Commercial. Troy Resources Ltd: Richard Beazley has been appointed as a Non-Executive Director, effective 3 October 2018. UUV Aquabotix Ltd: Brendan Martin has resigned as Chief Financial Officer, effective immediately. Watpac Ltd: Bronwyn Morris has resigned as a Non-Executive Director, effective 30 September 2018. Western Areas Ltd: David Southam has resigned as an Executive Director, effective 31 January 2019. Whitehaven Coal Ltd: Tony Haggarty has resigned as a Non-Executive Director, effective 25 October 2018. Zimplats Holding Ltd: Thandeka Nozipho Mgoduso has been appointed as a Non-Executive Director, effective 16 April 2018. Brenda Berlin has resigned as a Non-Executive Director, effective 4 April 2018. Meroonisha Kerber has been appointed as a Non-Executive Director, effective 1 September 2018.

Diversity and Tenure of ASX300 Chief Executive Officers: Diversity and Tenure of Current ASX 300 Chief Executive Officers (%) Over 5-year Tenure 30th September 2018 Non-Caucasian 31st December 2018 Female 0 10 20 30 40 50 60 70 80 90 100 • Female: There are 17 female CEOs in the ASX300 as of 31st December 2018, which is 6% of the CEO population. There is no change from last quarter. • Non-Caucasian: There are 10 Non-Caucasian CEOs in the ASX300 as of 31st December 2018, which is 3% of the CEO population. There is no change from last quarter. • Over 5-year tenure: There were 130 CEOs in the ASX300 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 44% of the CEO population. This is a 1% increase from last quarter. Year on Year Comparison ASX300 Chief Executive Officers: • Female: There are 17 female CEOs in the ASX300 as of 31st December 2018, which is 6% of the CEO population. This is a 1% increase from last year. • Non-Caucasian: There are 10 Non-Caucasian CEOs in the ASX300 as of 31st December 2018, which is 3% of the CEO population. There is no change from last year. • Over 5-year tenure: There were 130 CEOs in the ASX300 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 44% of the CEO population. This is a 3% increase from last year. Year on Year Comparison ASX100 Chief Executive Officers: • Female: There are 9 female CEOs in the ASX100 as of 31st December 2018, which is 9% of the CEO population. This is a 3% increase from last year. • Non-Caucasian: There are 5 Non-Caucasian CEOs in the ASX100 as of 31st December 2018, which is 5% of the CEO population. This is a 2% increase from last year. • Over 5-year tenure: There were 40 CEOs in the ASX100 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 40% of the CEO population. This is a 5% increase from last year.

Diversity and Tenure of ASX300 Chief Financial Officers: Diversity and Tenure of Current ASX 300 Chief Financial Officers (%) Over 5-year Tenure 30th September 2018 Non-Caucasian 31st December 2018 Female 0 10 20 30 40 50 60 70 80 90 100 • Female: There are 41 female CFOs in the ASX300 as of 31st December 2018, which is 14% of the CFO population. This is a 1% increase from last quarter. • Non-Caucasian: There are 14 Non-Caucasian CFOs in the ASX300 as of 31st December 2018, which is 5% of the CFO population. This is a 1% increase from last quarter. • Over 5-year tenure: There are 106 CFOs in the ASX300 as of 31st December 2018 with a tenure over 5 years in the same company, which is 35% of the CFO population. This is a 1% increase from last quarter. Year on Year Comparison ASX300 Chief Financial Officers: • Female: There are 41 female CFOs in the ASX300 as of 31st December 2018, which is 14% of the CFO population. This is a 2% increase from last year. • Non-Caucasian: There are 14 Non-Caucasian CFOs in the ASX300 as of 31st December 2018, which is 5% of the CFO population. This is a 1% increase from last year. • Over 5-year tenure: There are 106 CFOs in the ASX300 as of 31st December 2018 with a tenure over 5 years in the same company, which is 35% of the CFO population. There is no change from last year. Year on Year Comparison ASX100 Chief Financial Officers: • Female: There are 17 female CFOs in the ASX100 as of 31st December 2018, which is 17% of the CFO population. This is a 7% increase from last year. • Non-Caucasian: There are 3 Non-Caucasian CFOs in the ASX100 as of 31st December 2018, which is 3% of the CFO population. There is no change from last year. • Over 5-year tenure: There are 33 CFOs in the ASX100 as of 31st December 2018 with a tenure over 5 years in the same company, which is 33% of the CFO population. There is no change from last year.

Diversity and Tenure of ASX300 Chairs: Diversity and Tenure of Current ASX 300 Chairs (%) Over 5-year Tenure 30th September 2018 Non-Caucasian 31st December 2018 Female 0 10 20 30 40 50 60 70 80 90 100 • Female: There are 16 female Chairs in the ASX300 as of 31st December 2018, which is 5% of the Chair population. There is no change from last quarter. • Non-Caucasian: There are 5 Non-Caucasian Chair in the ASX300 as of 31st December 2018, which is 2% of the Chair population. This is a 1% increase from last quarter. • Over 5-year tenure: There are 123 Chairs in the ASX300 as of 31st December 2018 with a tenure over 5 years at the same company, which is 41% of the Chair population. This is a 3% increase from last quarter. Year on Year Comparison ASX300 Chairs: • Female: There are 16 female Chairs in the ASX300 as of 31st December 2018, which is 5% of the Chair population. There is no change from last year. • Non-Caucasian: There are 5 Non-Caucasian Chair in the ASX300 as of 31st December 2018, which is 2% of the Chair population. This is a 1% increase from last year. • Over 5-year tenure: There are 123 Chairs in the ASX300 as of 31st December 2018 with a tenure over 5 years at the same company, which is 41% of the Chair population. There is no change from last year. Year on Year Comparison ASX100 Chairs: • Female: There are 10 female Chairs in the ASX100 as of 31st December 2018, which is 10% of the Chair population. There is no change from last year. • Non-Caucasian: There are 2 Non-Caucasian Chair in the ASX100 as of 31st December 2018, which is 2% of the Chair population. There is no change from last year. • Over 5-year tenure: There are 40 Chairs in the ASX100 as of 31st December 2018 with a tenure over 5 years at the same company, which is 40% of the Chair population. This is a 4% decrease from last year.

Diversity and Tenure of ASX300 Chief Information Officers: Diversity and Tenure of Current ASX 300 Chief Information Officers (%) Over 5-year Tenure 30th September 2018 Non-Caucasian 31st December 2018 Female 0 10 20 30 40 50 60 70 80 90 100 • Female: There are 28 female CIOs in the ASX300 as of 31st December 2018, which is 9% of the CIO population. This is a 1% increase from last quarter. • Non-Caucasian: There are 17 CIOs in the ASX300 as of 31st December 2018, which is 6% of the CIO population. There is no change from last quarter. • Over 5-year tenure: There are 60 CIOs in the ASX300 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 20% of the CIO population. There is no change from last quarter. Year on Year Comparison ASX300 Chief Information Officers: • Female: There are 28 female CIOs in the ASX300 as of 31st December 2018, which is 9% of the CIO population. This is a 1% increase from last year. • Non-Caucasian: There are 17 CIOs in the ASX300 as of 31st December 2018, which is 6% of the CIO population. There is no change from last year. • Over 5-year tenure: There are 60 CIOs in the ASX300 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 20% of the CIO population. This is a 1% increase from last year. Year on Year Comparison ASX100 Chief Information Officers: • Female: There are 13 female CIOs in the ASX100 as of 31st December 2018, which is 13% of the CIO population. There is no change from last year. • Non-Caucasian: There are 3 CIOs in the ASX100 as of 31st December 2018, which is 3% of the CIO population. This is a 2% decrease from last year. • Over 5-year tenure: There are 23 CIOs in the ASX100 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 23% of the CIO population. This is a 1% decrease from last year.

Diversity and Tenure of Current ASX300 Chief Human Resource Officers: Diversity and Tenure of Current ASX 300 Chief Human Resources Officers (%) Over 5-year Tenure 30th September 2018 Non-Caucasian 31st December 2018 Female 10 20 30 40 50 60 70 80 90 100 0 • Female: There are 209 female CHROs in the ASX300 as of 31st December 2018, which is 70% of the CHRO population. This is a 1% increase since last quarter. • Non-Caucasian: There are 13 Non-Caucasian CHROs in the ASX300 as of 31st December 2018, which is 4% of the CHRO population. There is no change since last quarter. • Over 5-year tenure: There are 60 CHROs in the ASX100 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 20% of the CHRO population. There is no change since last quarter. Year on Year Comparison ASX300 Chief Human Resource Officers: • Female: There are 209 female CHROs in the ASX300 as of 31st December 2018, which is 70% of the CHRO population. This is a 1% increase from last year. • Non-Caucasian: There are 13 Non-Caucasian CHROs in the ASX300 as of 31st December 2018, which is 4% of the CHRO population. This is a 1% decrease from last year. • Over 5-year tenure: There are 60 CHROs in the ASX100 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 20% of the CHRO population. This is a 2% decrease from last year. Year on Year Comparison ASX100 Chief Human Resource Officers: • Female: There are 78 female CHROs in the ASX100 as of 31st December 2018, which is 78% of the CHRO population. This is a 2% increase from last year. • Non-Caucasian: There are 6 Non-Caucasian CHROs in the ASX100 as of 31st December 2018, which is 6% of the CHRO population. This is a 1% increase from last year. • Over 5-year tenure: There are 25 CHROs in the ASX100 as of 31st December 2018 with a tenure of more than 5 years in the same company, which is 25% of the CHRO population. This is a 1% increase from last year.

HOW TO SELECT AN EXECUTIVE SEARCH FIRM FOR YOUR NEXT SEARCH ASSIGNMENT One of the most critical questions you will face is how to choose an Executive Search Firm to represent your organisation in the market to acquire key executives that can affect the success or failure of your business. If you choose the right Executive Search Firm then you should get a highly qualified Executive that meets your specific organisational needs who will contribute to the future success of your organisation. If however, you choose the wrong Executive Search Firm your problems will multiply, from the issues of managing the wrong Executive to the consequences of your organisation’s success being compromised versus competitors. To make the right choice is therefore critical, and the following provides some guidance on the factors you should consider in making your decision as to which Executive Search Firm. WILL THEY AND CAN THEY REPRESENT YOU AND YOUR ORGANISATION POSITIVELY IN THE MARKETPLACE? Employer brand is an important consideration in the process of attracting high calibre candidates to your organisation. It is something that is developed and nurtured over many years and the last thing you want is someone representing you who does not understand your brand, your culture and your organisational values. The Executive Search Firm you select will for all intensive purposes be representing your brand in the marketplace. As a consequence, you need to ensure that the firm and those in that firm representing you understand, and are able to pitch your organisation in the best possible light to ensure the attraction of high calibre candidates, especially passive candidates.

WHAT PROCESS DOES THE EXECUTIVE SEARCH FIRM UNDERTAKE IN THE IDENTIFICATION OF CANDIDATES? The role of the Executive Search Firm is to find you the absolute best candidates in the market that match your brief. The process they employ is critical to achieving this outcome. If the process is poor, such as using their database and using job boards, the reality is you will not get the best candidates. You will simply be conducting a recruitment process which is generally reserved for lower level rather than Executive roles. In Executive Search you want the best candidates and that definitely needs to include passive candidates in the market. The only way to identify passive candidates is by research. To assess the research capability of your Executive Search Firm, ask them to explain their process for identifying passive candidates and in your client reference checks specifically ask client references as to the quality and breadth of the identified potential candidates. WHO WILL BE THE LEAD PARTNER AND THE TEAM FOR YOUR EXECUTIVE SEARCH AND HOW STRONG IS THEIR DESIRE AND COMMITMENT TO YOU THE CLIENT? The Lead Partner or Lead Partners (if you are lucky enough) are critical to the success of the Executive Search. You want to ensure that they are absolutely committed to your assignment and have the desire to ‘leave no stone unturned’ in ensuring that you get the very best candidates available in the market for your consideration. WHAT ARE THE “OFF LIMITS”? As a client when you engage an Executive Search Firm you are working on the basis that they are finding you the very best candidates for consideration in the market. You need to test this and ask yourself whether they can put up candidates for your consideration from their other client companies who they have or are working for. This is where the term “Off Limits” comes in. This fact is very important to you because the larger the “Off Limits”, the less of the market an Executive Search Firm is able to cover to access the best candidates. In simple terms, this means they will NOT be able to get you the best candidates in the market. If you think this through, the consequence is significant, because if your Executive Search Firm cannot access the best candidates in the market, but only a subset, you are not getting what you want or are paying for. So why would you engage them in the first place?

DOES YOUR EXECUTIVE SEARCH FIRM UNDERSTAND THE ROLE YOU ARE SEEKING AND THE NATURE OF THAT MARKET? This is fundamental, because if the Executive Search Firm and the Lead Partner in particular does not understand the role or the market, how can they undertake a search to find you the very best candidates? IS YOUR EXECUTIVE SEARCH FIRM AND THE LEAD PARTNER ACTIVE IN THOUGHT LEADERSHIP IN THE MARKET? Thought leadership is the ability to be continually thinking and researching how the market is changing, both in the broader sense and in the specific market in which your organisation operates. The reason this is important is because you want your Lead Partner to be thinking of the role you have today and what it might evolve into tomorrow. By knowing this, or at the very least having some context of the potential changes, your Executive Search Firm and Lead Partner can be pro-active in putting forward to you candidates for consideration that are right for your business of today, and others who may be right for your business of tomorrow. IS THERE AN AT-RISK COMPONENT OF THE FEE THAT ENSURES THE EXECUTIVE SEARCH FIRM HAS SKIN-IN-THE-GAME? There is nothing quite like an alignment between client and service provider needs, to ensure in this case your Executive Search Firm is listening to your needs as the client and going the “extra mile” to deliver against them. While an at-risk or performance component is not common in the Executive Search Industry you should take the opportunity to ask if there is such a component in the fee structure of the Executive Search Firms you are considering. If there is such a component, it can give you some comfort that you and your chosen Executive Search Firm will be aligned in achieving the common objective of the very best candidates in the market for your role. HOW MANY OF THE EXECUTIVE SEARCH FIRM’S CLIENTS ARE REPEAT BUSINESS? The ultimate test for all businesses is the repeat client test. It is the ultimate measure of client satisfaction because if a client keeps coming back for additional services from the Executive Search Firm you are considering, then you can be reasonably assured that the quality of their offerings is high and meeting the client’s needs. WHAT DO CLIENT REFERENCES SAY? At the end of the day, the test of what an Executive Search Firm tells you in their pitch for your work versus the reality of what they are doing is by client references. Ask for and take the time to speak to a number of the Executive Search Firm’s clients, and test their performance against all of the above criteria with the client references they provide.

Ultimately, by following the above you will be far more confident in the Executive Search Firm you select being able to deliver to you and your organisation the very best candidates in the market for the role you are seeking for your organisation.

DO YOU REALLY UNDERSTAND “OFF LIMITS” IN EXECUTIVE SEARCH? IF YOU DON’T, MAYBE YOU SHOULD “OFF LIMITS” – WHAT IT MEANS IN EXECUTIVE SEARCH Executive Search firms are professional services firms that undertake the process of Executive Search to find high quality executive candidates for their client companies. As a client when you engage an Executive Search Firm you are working on the basis that they are finding you the very best candidates for consideration in the market. But “are they” or indeed “can they”? By “can they” I mean can they ethically provide you the best candidates when they are working for other clients. That is can they put up candidates for your consideration from their other client companies who they have or are working for. This is where the term “Off Limits” comes in. “Off Limits” is a convention in the Executive Search industry that in simple terms means that an Executive Search firm who has been retained on a contingent basis by a client will place the interests of their client at the forefront, meaning that they: • Will not recruit from the department of a client where they have placed someone; or • Will not recruit from the company of a client where they have placed someone. Conventions vary but in general this period would be for two years following their last placement of a candidate and never the actual candidate.

WHY YOU NEED TO CARE This fact is very important to you and you do need to care as a client because the larger the “Off Limits”, the less of the market your Executive Search firm is able to cover to access the best candidates. In simple terms this means they will NOT be able to get you the best candidates in the market. If you think this through, the consequence is significant, because if your Executive Search firm cannot access the best candidates in the market and only a subset, you are not getting what you want or are paying for. So why would you engage them in the first place? BIG AND GLOBAL FIRMS VS BOUTIQUE FIRMS Thinking through the above it becomes abundantly clear the bigger your Executive Search firm, and further, if it is global, the less of the candidate market you have access to as a client. This may sound counterintuitive as you would normally think the bigger the firm and the greater their global footprint the greater their ability to find you the best candidates in the market. As can be seen from the above however this is not the case and the boutique firm will in most cases be better placed to provide you with the greater market coverage and access to the best candidates as it has less “Off Limits”. HOW BEST TO DEAL WITH “OFF LIMITS”? So how best to deal with the “Off Limits” issue as a current client and a potential client? Firstly, as a client, make sure you ask your Executive Search Firm two key questions: • What is your client list over the past two years and which of these can you not access candidates from for my search? • At the completion of my Executive Search how will “Off-Limits” apply to my company? That is will you now not target any of my staff for the next two years at the completion of my Executive Search? It is important to know this upfront, as clarity at this point will make the road smoother down the track in your dealings with Executive Search firms.