Notice of Annual General Meeting/Proxy Form
Released
Released
Announcement PDF
29 October 2026
Dear Shareholder
Annual General Meeting – Notice of Meeting and Proxies
Notice is given that the Annual General Meeting (Meeting) of Shareholders of Impact Minerals Limited (ACN 110
062 261) (Company) will be held as follows:
Time and date: 10:00am (WST) on Monday, 30 November 2026
Location: 9 Richardson Street, West Perth WA 6005
Notice of Meeting
In accordance with the Corporations Act 2001 (Cth) the Company will not be dispatching physical copies of the
Notice of Meeting unless the shareholder has made a valid election to receive documents in hard copy. Instead,
the Notice of Meeting and accompanying explanatory statement (Meeting Materials) are being made available
to shareholders electronically and can be viewed and downloaded from:
• the Company’s website at: https://impactminerals.com.au/announcements
• the ASX market announcements page under the Company’s code “IPT”.
If you have nominated an email address and have elected to receive electronic communications from the
Company, you will also receive an email to your nominated email address with a link to an electronic copy of
the Notice of Meeting.
Voting at the Meeting or by proxy
Shareholders are encouraged to vote by lodging a proxy form.
Proxy forms can be lodged:
• Online: https://portal.automic.com.au/investor/home using your secure access information or use your
mobile device to scan the personalised QR code
• By mail: Automic GPO Box 5193 Sydney NSW 2011, Australia
• In person: Automic Level 5, 126 Phillip Street Sydney NSW 2000
• By Email: meetings@automicgroup.com.au
• By fax: +61 2 8583 3040
Your proxy voting instruction must be received by 10:00am (WST) on Saturday, 28 November 2026 being not
later than 48 hours before the commencement of the Meeting. Any proxy voting instructions received after
that time will not be valid for the Meeting.
The Meeting Materials should be read in their entirety. If shareholders are in doubt as to how they should vote,
they should seek advice from their professional advisers prior to voting.
Authorised for release by:
Arron Canicais
Company Secretary
Impact Minerals Limited
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IMPACT MINERALS LIMITED
ACN 119 062 261
Notice of Annual General Meeting
The Annual General Meeting of the Company will be held as follows:
Time and date: 10:00am (AWST) on 30 November 2026
In Person: 9 Richardson Street, West Perth WA 6005
The Notice of Annual General Meeting should be read in its entirety. If Shareholders are in
doubt as to how to vote, they should seek advice from a suitably qualified professional
advisor prior to voting.
Should you wish to discuss any matter, please do not hesitate to contact the
Company Secretary by telephone on (08) 6454 6666.
Shareholders are urged to vote by lodging the Proxy Form
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IMPACT MINERALS LIMITED
ACN 119 062 261
Notice of Annual General Meeting
Notice is hereby given that the Annual General Meeting of Shareholders of Impact Minerals Limited
will be held at 9 Richardson Street, West Perth WA 6005 on Monday, 30 November 2026 at 10:00am
(AWST).
The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001
(Cth) that the persons eligible to vote at the Meeting are those who are registered Shareholders at
4:00pm (AWST) on Saturday, 28 November 2026.
The Explanatory Memorandum provides additional information on matters to be considered at the
Meeting. The Explanatory Memorandum and the Proxy Form, form part of the Notice.
Terms and abbreviations used in the Notice are defined in Schedule 1.
Agenda
1 Annual Report
To consider the Annual Report of the Company and its controlled entities for the financial year
ended 30 June 2026, which includes the Financial Report, the Directors' Report and the
Auditor's Report.
Note: there is no requirement for Shareholders to approve the Annual Report.
2 Resolutions
Resolution 1 – Remuneration Report
To consider and, if thought fit, to pass with or without amendment, as a non-binding ordinary
resolution the following:
'That, the Remuneration Report be adopted by Shareholders, on the terms and conditions set
out in the Explanatory Memorandum.'
Note: a vote on this Resolution is advisory only and does not bind the Directors or the
Company.
Resolution 2 – Election of Director - James (Jim) McKerlie
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
'That, in accordance with Article 7.6(c) of the Constitution, Listing Rule 14.4 and for all other
purposes, James (Jim) McKerlie, a Director appointed on 8 June 2026, retires at this Meeting
and, being eligible and offering himself for election, is elected as a Director, on the terms and
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conditions set out in the Explanatory Memorandum.'
Resolution 3 – Election of Director - Scott Phegan
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
'That, in accordance with Article 7.6(c) of the Constitution, Listing Rule 14.4 and for all other
purposes, Scott Phegan, a Director appointed on 12 December 2025, retires at this Meeting
and, being eligible and offering himself for election, is elected as a Director, on the terms and
conditions set out in the Explanatory Memorandum.'
Resolution 4 – Election of Director - Dr Lana Weldon
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
'That, in accordance with Article 7.6(c) of the Constitution, Listing Rule 14.4 and for all other
purposes, Dr Lana Weldon, a Director appointed on 28 October 2026, retires at this Meeting
and, being eligible and offering herself for election, is elected as a Director, on the terms and
conditions set out in the Explanatory Memorandum.'
Resolution 5 – Ratification of prior issue of Placement Shares and
Placement Options
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
'That, under Listing Rule 7.1, the issue of:
(a) 40,000,000 Placement Shares; and
(b) 26,666,667 Placement Options,
at $0.05 per Placement Share to raise an aggregate total of approximately $2,000,000 (before
costs), is approved under and for the purposes of Listing Rule 7.4 and for all other purposes,
on the terms and conditions set out in the Explanatory Memorandum.'
Resolution 6 – Ratification of prior issue of Broker Options
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
'That, under Listing Rule 7.1, the issue of 1,900,000 Broker Options to the Broker, is approved
under and for the purposes of Listing Rule 7.4 and for all other purposes, on the terms and
conditions set out in the Explanatory Memorandum.'
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Resolution 7 – Ratification of prior issue of 2,374,767 Consideration
Shares
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
'That, under Listing Rule 7.1, the issue of 2,374,767 Consideration Shares to the Tenement
Vendor is approved under and for the purposes of Listing Rule 7.4, and for all other purposes,
on the terms and conditions set out in the Explanatory Memorandum.'
Resolution 8 – Approval of 10% Placement Facility
To consider and, if thought fit, to pass with or without amendment, as a special resolution the
following:
'That, pursuant to and in accordance with Listing Rule 7.1A and for all other purposes,
Shareholders approve the issue of Equity Securities totalling up to 10% of the issued capital of
the Company at the time of issue, calculated in accordance with the formula prescribed in
Listing Rule 7.1A.2 and on the terms and conditions set out in the Explanatory Memorandum.'
Resolution 9 – Change of Company name
To consider and, if thought fit, to pass with or without amendment, as a special resolution the
following:
‘That, for the purposes of section 157(1)(a) of the Corporations Act and for all other purposes,
approval is given for the name of the Company to be changed to Altrica Advanced Materials
Limited.'
Resolution 10 – Increase to Non-Executive Directors' remuneration pool
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
‘That, for the purposes of Article 7.8 of the Constitution, ASX Listing Rule 10.17 and for all
other purposes, the maximum total aggregate fixed sum per annum to be paid to non-
executive Directors be increased by $250,000, from $250,000 per annum to $500,000 per
annum, on the terms and conditions set out in the Explanatory Memorandum.'
Voting exclusions
Pursuant to the Listing Rules, the Company will disregard any votes cast in favour of:
(a) Resolution 5, by or on behalf of any person who participated in the issue of the Placement
Shares or the Placement Options, or any of their respective associates;
(b) Resolution 6, by or on behalf of any person who participated in the issue of the Broker
Options, or any of their respective associates;
(c) Resolution 7, by or on behalf of the Tenement Vendor, or any person who participated in the
issue of the Consideration Shares or is a counterparty to the Tenement Purchase Agreement,
or any of their respective associates;
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(d) Resolution 8, if at the time of the Meeting, the Company is proposing to make an issue of
Equity Securities under Listing Rule 7.1A.2, by or on behalf of any persons who are expected
to participate in, or who will obtain a material benefit as a result of, the proposed issue (except
a benefit solely by reason of being a Shareholder), or any of their respective associates; and
(e) Resolution 10, by or on behalf of a Director and any person who is an associate of those
persons.
The above voting exclusions do not apply to a vote cast in favour of the relevant Resolution by:
(a) a person as proxy or attorney for a person who is entitled to vote, in accordance with
directions given to the proxy or attorney to vote on the Resolution in that way;
(b) the Chair as proxy or attorney for a person who is entitled to vote, in accordance with a
direction given to the Chair to vote on the Resolution as the Chair decides; or
(c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a
beneficiary provided the following conditions are met:
(i) the beneficiary provides written confirmation to the holder that the beneficiary is not
excluded from voting, and is not an associate of a person excluded from voting, on the
Resolution; and
(ii) the holder votes on the Resolution in accordance with directions given by the
beneficiary to the holder to vote in that way.
Voting prohibitions
Resolution 1: In accordance with sections 250BD and 250R of the Corporations Act, a vote on this
Resolution must not be cast (in any capacity) by or on behalf of a member of the Key Management
Personnel, details of whose remuneration are included in the Remuneration Report, or a Closely
Related Party of such a member.
A vote may be cast by such person if the vote is not cast on behalf of a person who is excluded from
voting on this Resolution, and:
(a) the person is appointed as a proxy by writing that specifies the way the proxy is to vote on this
Resolution; or
(b) the voter is the Chair and the appointment of the Chair as proxy does not specify the way the
proxy is to vote on this Resolution, but expressly authorises the Chair to exercise the proxy
even if this Resolution is connected with the remuneration of a member of the Key
Management Personnel.
Resolution 10: The Company will disregard any votes cast on this Resolution in any capacity by or on
behalf of either:
(a) a member of KMP of the Company, details of whose remuneration are included in the
Remuneration Report; or
(b) a Closely Related Party of such a member,
unless it is cast by:
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(c) a person as a proxy for a person entitled to vote on this Resolution appointed by writing that
specifies the way the proxy is to vote on this Resolution; or
(d) the Chair as proxy for a person entitled to vote on this Resolution and the proxy appointment:
(i) does not specify the way the proxy is to vote on this Resolution; and
(ii) expressly authorises the Chair to exercise the proxy even though this Resolution is
connected directly or indirectly with the remuneration of a member of the KMP.
If you purport to cast a vote other than as permitted above, that vote will be disregarded by the
Company (as indicated above) and you may be liable for breaching the voting restrictions that apply to
you under the Corporations Act.
BY ORDER OF THE BOARD
Arron Canicais
Company Secretary
Impact Minerals Limited
Dated: 29 October 2026
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Explanatory Memorandum
1. Introduction
The Explanatory Memorandum has been prepared for the information of Shareholders in
connection with the business to be conducted at the Meeting to be held at 10:00am (AWST)
on Monday, 30 November 2026 at 9 Richardson Street, West Perth WA 6005.
The Explanatory Memorandum forms part of the Notice which should be read in its entirety.
The Explanatory Memorandum contains the terms and conditions on which the Resolutions
will be voted.
The Explanatory Memorandum includes the following information to assist Shareholders in
deciding how to vote on the Resolutions:
Section 1 Introduction
Section 2 Voting and attendance information
Section 3 Annual Report
Section 4 Resolution 1 – Remuneration Report
Section 5 Resolution 2 – Election of Director - James (Jim) McKerlie
Section 6 Resolution 3 – Election of Director - Scott Phegan
Section 7 Resolution 4 – Election of Director - Dr Lana Weldon
Section 8 Resolution 5 - Resolution 6 – Ratification of prior issue of Placement Shares,
Placement Options and Broker Options
Section 9 Resolution 7 – Ratification of prior issue of 2,374,767 Consideration Shares
Section 10 Resolution 8 – Approval of 10% Placement Facility
Section 11 Resolution 9 – Change of Company name
Section 12 Resolution 10 – Increase to Non-Executive Directors' remuneration pool
Schedule 1 Definitions
Schedule 2 Terms and conditions of Placement Options and Broker Options
A Proxy Form is included with this Notice.
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2. Voting and attendance information
Shareholders should read the Notice including the Explanatory Memorandum carefully before
deciding how to vote on the Resolutions.
2.1 Voting in person
To vote in person, attend the Meeting on the date and at the place set out above.
2.2 Voting by proxy
A Proxy Form is attached to the Notice. This is to be used by Shareholders if they wish to
appoint a representative (a 'proxy') to vote in their place. All Shareholders are invited and
encouraged to attend the Meeting or, if they are unable to attend in person, sign and return the
Proxy Form to the Company in accordance with the instructions thereon. Lodgement of a
Proxy Form will not preclude a Shareholder from attending and voting at the Meeting in
person.
Please note that:
(i) a member of the Company entitled to attend and vote at the Meeting is entitled to
appoint a proxy;
(ii) a proxy need not be a member of the Company; and
(iii) a member of the Company entitled to cast two or more votes may appoint two proxies
and may specify the proportion or number of votes each proxy is appointed to exercise,
but where the proportion or number is not specified, each proxy may exercise half of
the votes.
The enclosed Proxy Form provides further details on appointing proxies and
lodging Proxy Forms.
Section 250BB(1) of the Corporations Act provides that an appointment of a proxy may specify
the way the proxy is to vote on a particular resolution and, if it does:
(i) the proxy need not vote on a show of hands, but if the proxy does so, the proxy must
vote that way (i.e. as directed);
(ii) if the proxy has 2 or more appointments that specify different ways to vote on the
resolution – the proxy must only vote on a poll;
(iii) if the proxy is the chair of the meeting at which the resolution is voted on – the proxy
must vote on a poll, and must vote that way (i.e. as directed); and
(iv) if the proxy is not the chair – the proxy need not vote on the poll, but if the proxy does
so, the proxy must vote that way (i.e. as directed).
Section 250BC of the Corporations Act provides that, if:
(i) an appointment of a proxy specifies the way the proxy is to vote on a particular
resolution at a meeting of the Company's members;
(ii) the appointed proxy is not the chair of the meeting;
(iii) at the meeting, a poll is duly demanded on the resolution; and
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(iv) either the proxy is not recorded as attending the meeting or the proxy does not vote
on the resolution,
the chair of the meeting is taken, before voting on the resolution closes, to have been appointed
as the proxy for the purposes of voting on the resolution at the meeting.
2.3 Chair's voting intentions
If the Chair is your proxy, either by appointment or by default, and you have not indicated your
voting intention, you expressly authorise the Chair to exercise the proxy in respect of
Resolution 1 and Resolution 10, even though these Resolutions are connected directly or
indirectly with the remuneration of the Company's Key Management Personnel.
The Chair intends to exercise all available proxies in favour of all Resolutions, unless the
Shareholder has expressly indicated a different voting intention.
2.4 Submitting questions
Shareholders may submit questions in advance of the Meeting to the Company. Questions
must be submitted by emailing the Company Secretary at
investorrelations@impactminerals.com.au by 5:00pm (AWST) on Thursday, 26 November
2026.
Shareholders will also have the opportunity to submit questions during the Meeting in respect
to the formal items of business. In order to ask a question during the Meeting, please follow
the instructions from the Chair.
The Chair will attempt to respond to the questions during the Meeting. The Chair will request
prior to a Shareholder asking a question that they identify themselves (including the entity
name of their shareholding and the number of Shares they hold).
3. Annual Report
In accordance with section 317 of the Corporations Act, Shareholders will be offered the
opportunity to discuss the Annual Report, including the Financial Report, the Directors' Report
and the Auditor's Report for the financial year ended 30 June 2026.
There is no requirement for Shareholders to approve the Annual Report.
At the Meeting, Shareholders will be offered the opportunity to:
(a) discuss the Annual Report which is available online at:
https://impactminerals.com.au/announcements;
(b) ask questions about, or comment on, the management of the Company; and
(c) ask the Auditor questions about the conduct of the audit and the preparation and
content of the Auditor's Report.
In addition to taking questions at the Meeting, written questions to the Chair about the
management of the Company, or to the Company's Auditor about:
(d) the preparation and content of the Auditor's Report;
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(e) the conduct of the audit;
(f) accounting policies adopted by the Company in relation to the preparation of the
financial statements; and
(g) the independence of the Auditor in relation to the conduct of the audit,
may be submitted no later than five Business Days before the Meeting to the Company
Secretary at the Company's registered office.
The Company will not provide a hard copy of the Company’s Annual Report to Shareholders
unless specifically requested to do so.
4. Resolution 1 – Remuneration Report
4.1 General
In accordance with section 250R(2) of the Corporations Act, the Company must put the
Remuneration Report to the vote of Shareholders. The Directors' Report contains the
Remuneration Report which sets out the remuneration policy for the Company and the
remuneration arrangements in place for the executive Directors, specified executives and non-
executive Directors.
In accordance with section 250R(3) of the Corporations Act, Resolution 1 is advisory only and
does not bind the Directors. If Resolution 1 is not passed, the Directors will not be required to
alter any of the arrangements in the Remuneration Report.
If the Company's Remuneration Report receives a 'no' vote of 25% or more (Strike) at two
consecutive annual general meetings, Shareholders will have the opportunity to remove the
whole Board, except the managing director (if any).
Where a resolution on the Remuneration Report receives a Strike at two consecutive annual
general meetings, the Company will be required to put to Shareholders at the second annual
general meeting a resolution on whether another meeting should be held (within 90 days) at
which all Directors (other than the managing director, if any) who were in office at the date of
approval of the applicable Directors' Report must stand for re-election.
The Company's Remuneration Report did not receive a Strike at the 2025 annual general
meeting. If the Remuneration Report receives a Strike at this Meeting, Shareholders should be
aware that if a second Strike is received at the 2027 annual general meeting, this may result in
the re-election of the Board.
The Chair will allow a reasonable opportunity for Shareholders as a whole to ask about or
make comments on the Remuneration Report.
4.2 Board recommendation
Resolution 1 is an ordinary resolution.
Given the personal interests of all Directors in the outcome of this Resolution, the Board
declines to make a recommendation to Shareholders regarding this Resolution.
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5. Resolution 2 – Election of Director - James (Jim) McKerlie
5.1 General
Article 7.6(a) of the Constitution provides that the Directors may at any time appoint any person
to be a Director, either to fill a casual vacancy or as an addition to the existing Directors.
Article 7.6(c) of the Constitution and Listing Rule 14.4 both provide that a Director appointed
under Article 7.6(a) must not hold office without re-election past the next annual general meeting
of the Company following the Director's appointment.
Article 7.6(c) of the Constitution provides that a Director appointed under Article 7.6(a) holds
office until the conclusion of the next annual general meeting of the Company but is eligible for
election at that meeting.
Accordingly, Mr McKerlie, a Director appointed on 8 June 2026, retires at this Meeting and,
being eligible and offering himself for election, seeks election pursuant to Resolution 2.
5.2 James (Jim) McKerlie
Mr McKerlie is an experienced board director, international executive, corporate adviser and
strategy consultant. He brings to Impact Minerals a strong background in strategy development
and execution, capital markets, M&A, board governance and stakeholder management. As
Chair of Magnetite Mines Ltd from 2022 to 2024, Jim led a full corporate and board renewal of
the company, which holds a substantial magnetite iron ore deposit in South Australia.
His broader resources career spans over a decade of ASX board leadership, including as Chair
of Drillsearch Energy, where he grew the company from an $8 million market cap to an ASX
200 company valued at $750 million, overseeing mergers, capital raisings, joint ventures,
takeover actions and ultimately the merger with Beach Energy to create an ASX 100 company.
He subsequently served as a director of Beach Energy during the $1.7 billion acquisition of the
Lattice business from Origin Energy.
He holds a Bachelor of Economics and a Diploma in Financial Management, is a graduate of
the International Executive Program at IMD (Switzerland) and is a Fellow of the Australian
Institute of Company Directors and of Chartered Accountants Australia and New Zealand.
Mr McKerlie has confirmed to the Company that he will have sufficient time to fulfil his
responsibilities as a Director.
If elected, Mr McKerlie is not considered by the Board (with Mr McKerlie abstaining) to be an
independent Director, as he is an Executive Director of the Company.
5.3 Board recommendation
Resolution 2 is an ordinary resolution.
The Board (other than Mr McKerlie who has a personal interest in the outcome of this
Resolution) recommends that Shareholders vote in favour of this Resolution.
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6. Resolution 3 – Election of Director - Scott Phegan
6.1 General
Article 7.6(a) of the Constitution provides that the Directors may at any time appoint any person
to be a Director, either to fill a casual vacancy or as an addition to the existing Directors.
Article 7.6(c) of the Constitution and Listing Rule 14.4 both provide that a Director appointed
under Article 7.6(a) must not hold office without re-election past the next annual general meeting
of the Company following the Director's appointment.
Article 7.6(c) of the Constitution provides that a Director appointed under article 7.6(a) holds
office until the conclusion of the next annual general meeting of the Company but is eligible for
election at that meeting.
Accordingly, Mr Phegan, a Director appointed on 12 December 2025, retires at this Meeting
and, being eligible and offering himself for election, seeks election pursuant to Resolution 3.
6.2 Scott Phegan
Mr Phegan is a highly experienced chemical engineer with over 30 years of global operational,
technical, and project development expertise in the bauxite, alumina, and specialty materials
industries.
Mr Phegan spent a significant part of his career with Alcoa, where he held senior leadership and
operational roles across Australia, the United States and Brazil. He was directly involved in
major multibillion-dollar refinery expansions, operational turnarounds and technology upgrades,
giving him an exceptional understanding of the design, commissioning and optimisation of
complex chemical processing facilities.
Since 2019, Mr Phegan has focused on developing new hydrometallurgical processes for high-
purity materials, including high purity alumina (HPA) and rare earth extraction. He has consulted
widely across the sector and served on the board of Canyon Resources, which is developing
one of the largest undeveloped bauxite deposits globally in Cameroon.
Mr Phegan also sits on the board of Alluminous Pty Ltd, along with Impact’s Executive Chair,
Mr McKerlie, representing Impact’s 50% interest as the company advances the HiPurA® HPA
processing technology and commissions the pilot plant. His close involvement in the Lake Hope
PFS positions him uniquely to help guide Impact through its transition to becoming a future
producer.
Mr Phegan has confirmed to the Company that he will have sufficient time to fulfil his
responsibilities as a Director.
If elected, Mr Phegan is not considered by the Board (with Mr Phegan abstaining) to be an
independent Director, as he is an Executive Director of the Company.
6.3 Board recommendation
Resolution 3 is an ordinary resolution.
The Board (other than Mr Phegan who has a personal interest in the outcome of this Resolution)
recommends that Shareholders vote in favour of this Resolution.
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7. Resolution 4 – Election of Director - Dr Lana Weldon
7.1 General
Article 7.6(a) of the Constitution provides that the Directors may at any time appoint any person
to be a Director, either to fill a casual vacancy or as an addition to the existing Directors.
Article 7.6(c) of the Constitution and Listing Rule 14.4 both provide that a Director appointed
under Article 7.6(a) must not hold office without re-election past the next annual general meeting
of the Company following the Director's appointment.
Article 7.6(c) of the Constitution provides that a Director appointed under article 7.6(a) holds
office until the conclusion of the next annual general meeting of the Company but is eligible for
election at that meeting.
Accordingly, Dr Weldon, a Director appointed on 28 October 2026, retires at this Meeting and,
being eligible and offering herself for election, seeks election pursuant to Resolution 4.
7.2 Dr Lana Weldon
Dr Weldon is PKF Australia's dynamic Chief Operating Officer. Dr Weldon brings a wealth of
experience in accounting, audit and business advisory sectors, having trained within Big 4
environments, and having been a partner of a chartered accounting firm in South Africa.
Dr Weldon also has significant experience in governance, human resource management,
consulting and education, having been a non-executive Director of listed groups, as well as an
Associate Professor in an accounting department, and committee member of professional
accounting and audit bodies.
Dr Weldon is a graduate member of AICD and has been awarded her Fellowship of CAANZ,
primarily in recognition of her commitment to education and development of chartered
accountants spanning her 30-year career.
Dr Weldon’s overriding passion is for people development. This has been evident in her
research and involvement in various accounting professional and academic bodies, and has led
to her mentoring many young professionals and training mentors on a global level within our
sector.
Dr Weldon has confirmed to the Company that she will have sufficient time to fulfil her
responsibilities as a Director.
Dr Weldon is considered to be an independent Director and is free from any business or other
relationship that could materially interfere with, or reasonably be perceived to interfere with, the
independent exercise of her judgement.
7.3 Board recommendation
Resolution 4 is an ordinary resolution.
The Board (other than Dr Weldon who has a personal interest in the outcome of this Resolution)
recommends that Shareholders vote in favour of this Resolution.
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8. Resolution 5 - Resolution 6 – Ratification of prior issue of Placement
Shares, Placement Options and Broker Options
8.1 General
On 30 March 2026, the Company announced that it had received firm commitments to raise
$2,000,000 (before costs) by way of a strategic placement to existing and new investors
(Placement). GBA Capital Pty Ltd acted as lead manager to the Placement (Broker).
Under the Placement, the Company issued a total of 40,000,000 Shares to sophisticated or
professional investors at an issue p
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