Corporate Governance Statement and Appendix 4G
Released
Released
Announcement PDF
Corporate Governance Statement 2026
The Board of Directors of Dalaroo Metals Ltd (Company) is responsible for the corporate governance of the Company. The Board guides and
monitors the Company’s business on behalf of its shareholders. This Corporate Governance Statement is current as at 30 September 2026 and
has been approved by the Board on that date.
The Company and its Board continue to be fully committed to achieving and demonstrating the highest standards of accountability and
transparency in their reporting and see the continued development of the Company’s corporate governance policies and practices as
fundamental to the Company’s successful growth.
To the extent applicable, in light of the Company’s size and nature, the Board has adopted The Corporate Governance Principles and
Recommendations (Fourth Edition) as published by ASX Corporate Governance Council (Recommendations). However, the Board also
recognises that full adoption of the Recommendations may not be practical or provide the optimal result given the particular circumstances of
the Company.
The Company’s full Corporate Governance Plan together with a copy of this Corporate Governance Statement are available from the Company’s
website at www.dalaroometals.com.au.
Recommendation Yes / No Comment
Principle 1: Lay solid foundations for management and oversight
A listed entity should clearly delineate the respective roles and responsibilities of its board and management and regularly review their
performance.
1.1 A listed entity should have and disclose a board
charter setting out:
(a) the respective roles and responsibilities of its
Yes The Board has the following specific responsibilities:
(a) appointment of the Chief Executive Officer / Managing
Director and other senior executives and the determination of
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Recommendation Yes / No Comment
board and management; and
(b) those matters expressly reserved to the board
and those delegated to management.
their terms and conditions including remuneration and
termination;
(b) driving the strategic direction of the Company, ensuring
appropriate resources are available to meet objectives and
monitoring management’s performance;
(c) reviewing and ratifying systems of risk management and
internal compliance and control, codes of conduct and legal
compliance;
(d) approving and monitoring the progress of major capital
expenditure, capital management and significant acquisitions
and divestitures;
(e) approving and monitoring the budget and the adequacy and
integrity of financial and other reporting;
(f) approving the annual, half yearly and quarterly accounts;
(g) approving significant changes to the organisational structure;
(h) approving the issue of any shares, options, equity instruments
or other securities in the Company (subject to compliance with
the ASX Listing Rules if applicable);
(i) ensuring a high standard of corporate governance practice and
regulatory compliance and promoting ethical and responsible
decision making;
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Recommendation Yes / No Comment
(j) recommending to shareholders the appointment of the
external auditor as and when their appointment or re-
appointment is required to be approved by them (in
accordance with the ASX Listing Rules if applicable); and
(k) meeting with the external auditor, at their request, without
management being present.
The Board delegates responsibility for the Company’s day-to-day
operations and administration to the Managing Director.
The responsibility for undertaking and assessing risk management
and internal control effectiveness is delegated to the Managing
Director. The Managing Director is required to assess risk
management and associated internal compliance and control
procedures and report back quarterly to the Board.
1.2 A listed entity should:
(a) undertake appropriate checks before
appointing a person, or putting forward to
security holders a candidate for election, as a
director; and
(b) provide security holders with all material
information in its possession relevant to a
decision on whether or not to elect or re-elect
Yes In appointing new members to the Board, consideration is given to
the ability of the appointee to contribute to the ongoing
effectiveness of the Board, to exercise sound business judgement, to
commit the necessary time to fulfil the requirements of the role
effectively and to contribute to the development of the strategic
direction of the Company.
Prior to appointing a new member to the Board or putting forward a
candidate to shareholders for election as a director, the Board
undertakes appropriate checks including making enquiries of any:
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Recommendation Yes / No Comment
a director. (a) criminal history;
(b) history of fraud, dishonesty, misrepresentation, concealment
of material facts or breach of duty; and
(c) history of personal bankruptcy or any involvement in
companies that have gone into administration due to
insolvency,
and provides shareholders with all material information in its
possession relevant to a decision on whether or not to elect or re-
elect a director.
1.3 A listed entity should have a written agreement with
each director and senior executive setting out the
terms of their appointment.
Yes The Board’s charter requires that each Board member and each
senior executive must enter into a written agreement with the
Company setting out the terms of their appointment.
1.4 The company secretary of a listed entity should be
accountable directly to the board, through the chair,
on all matters to do with the proper functioning of
the board.
Yes The Company Secretary is to provide advice to the Board on
corporate governance matters, the application of the Company’s
Constitution, the ASX Listing Rules and applicable other laws.
When requested by the Board, the Company Secretary will facilitate
the flow of information to the Board, between the Board and its
Committees and between senior executives and non-executive
Directors.
1.5 A listed entity should: No The Company’s diversity policy provides a framework for the
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Recommendation Yes / No Comment
(a) have and disclose a diversity policy;
(b) through its board or a committee of the board
set measurable objectives for achieving gender
diversity in the composition of its board,
senior executives and workforce generally; and
(c) disclose in relation to each reporting period:
(1) the measurable objectives set for that
period to achieve gender diversity;
(2) the entity’s progress towards achieving
those objectives; and
(3) either:
A. the respective proportions of men
and women on the board, in
senior executive positions and
across the whole organisation
(including how the entity has
defined “senior executive” for
these purposes); or
B. if the entity is a “relevant
employer” under the Workplace
Gender Equality Act, the entity’s
most recent “Gender Equality
Company to achieve:
(a) a diverse and skilled workforce, leading to continuous
improvement in service delivery and achievement of corporate
goals;
(b) a workplace culture characterised by inclusive practices and
behaviours for the benefit of all staff;
(c) a work environment that values and utilises the contributions
of employees with diverse backgrounds, experiences and
perspectives through improved awareness of the benefits of
workforce diversity and successful management of diversity;
and
(d) awareness in all staff of their rights and responsibilities with
regards to fairness, equity and respect for all aspects of
diversity,
(collectively, the Objectives).
The Board is responsible for developing measurable objectives and
strategies to meet the Objectives of the diversity policy (Measurable
Objectives) and monitoring the progress of the Measurable
Objectives through the monitoring, evaluation and reporting
mechanisms listed below. The Board may also set Measurable
Objectives for achieving gender diversity and monitor their
achievement.
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Recommendation Yes / No Comment
Indicators”, as defined in and
published under that Act.
The Board will conduct all Board appointment processes in a manner
that promotes diversity, including establishing a structured approach
for identifying a pool of candidates, using external experts where
necessary.
The Company's diversity strategies include:
(a) recruiting from a diverse pool of candidates for all positions,
including senior management and the Board;
(b) reviewing succession plans to ensure an appropriate focus on
diversity;
(c) identifying specific factors to take account of in recruitment
and selection processes to encourage diversity;
(d) developing programs to develop a broader pool of skilled and
experienced senior management and Board candidates,
including, workplace development programs, mentoring
programs and targeted training and development;
(e) developing a culture which takes account of domestic
responsibilities of employees; and
(f) any other strategies the Board develops from time to time.
The Company has not formally established measurable objectives for
achieving diversity given the current stage of its operations and
number of employees.
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Recommendation Yes / No Comment
The Company has however adopted a Diversity Policy which outlines
the Company’s objectives in the provision of equal opportunities in
respect of employment and employment conditions. The Diversity
Policy is available on the Company’s website. The Company will
review the requirement to set and report on measurable objectives
for achieving gender diversity as the Company’s operations and
employee numbers grow.
1.6 A listed entity should:
(a) have and disclose a process for periodically
evaluating the performance of the board, its
committees and individual directors; and
(b) disclose for each reporting period whether a
performance evaluation has been undertaken
in accordance with that process during or in
respect of that period.
No At this point in time, the Company does not have formal process for
the evaluation of the performance of the Board. The Company is a
junior resources company and the Board believes that a formal
performance evaluation is not required at this point in time and that
no efficiencies or other benefits would be gained from a formal
performance evaluation. The Chairman is responsible for evaluating
the Board and informal discussions are undertaken during the course
of the year. As the Company grows and develops, it will continue to
consider the efficiencies and merits of a more formal performance
evaluation of the Board, its committees and individual directors.
1.7 A listed entity should:
(a) have and disclose a process for evaluating the
performance of its senior executives at least
once every reporting period; and
Yes The Board has established a nomination and remuneration
committee which was responsible for the performance evaluation of
the executive team. This evaluation was based on specific criteria,
including the business performance of the Company and its
subsidiaries, whether strategic objectives are being achieved and the
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Recommendation Yes / No Comment
(b) disclose for each reporting period whether a
performance evaluation has been undertaken
in accordance with that process during or in
respect of that period.
development of management and personnel. The Board will
disclose, in relation to each reporting period, whether a performance
evaluation of the senior executive team was undertaken.
Principle 2: Structure the Board to be effective and add value
The board of a listed entity should be of an appropriate size and collectively have the skills, commitment and knowledge of the entity and the
industry in which it operates, to enable it to discharge its duties effectively and to add value.
2.1 The board of a listed entity should:
(a) have a nomination committee which:
(1) has at least three members, a majority
of whom are independent directors; and
(2) is chaired by an independent director,
and disclose:
(3) the charter of the committee;
(4) the members of the committee; and
(5) as at the end of each reporting period,
the number of times the committee met
throughout the period and the individual
attendances of the members at those
meetings; or
Yes The Board has established a separate nomination and remuneration
committee. Matters determined by the committee are submitted to
the full Board as recommendations for Board consideration.
Membership of the nomination and remuneration committee
comprises three non-executive directors, Mr Ahmad (chairman), Mr
Gordon and Mr Wither. Mr Quinlivan was a member of the
committee until his resignation on 25 November 2025. Details of the
qualifications of committee members are set out in the Directors’
Report section of the 2026 Annual Report.
The nomination and remuneration committee operates in
accordance with a written charter and is responsible for
recommending the appointment of the Chief Executive Officer /
Managing Director and other senior executives and the
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Recommendation Yes / No Comment
(b) if it does not have a nomination committee,
disclose that fact and the processes it employs
to address board succession issues and to
ensure that the board has the appropriate
balance of skills, knowledge, experience,
independence and diversity to enable it to
discharge its duties and responsibilities
effectively.
determination of their terms and conditions including remuneration
and termination.
The nomination and remuneration committee meets regularly to
review the composition of the Board to ensure the appropriate mix
of skills and expertise is present to facilitate successful strategic
direction.
2.2 A listed entity should have and disclose a board skills
matrix setting out the mix of skills and diversity that
the board currently has or is looking to achieve in its
membership.
No The composition of the Board is reviewed regularly to ensure the
appropriate mix of skills and expertise is present to facilitate
successful strategic direction.
As the Company grows in size, it is planned the nomination and
remuneration committee will develop, maintain and disclose a board
skills matrix.
2.3 A listed entity should disclose:
(a) the names of the directors considered by the
board to be independent directors;
(b) if a director has an interest, position,
association or relationship of the type
described in box 2.3 of the Recommendations
but the board is of the opinion that it does not
compromise the independence of the director,
Yes The Board assessed the independence status of its directors and has
determined that Mr Ahmad and Mr Wither are independent
directors. Mr Quinlivan, who was considered by the Board to be an
independent director, resigned as a director on 25 November 2025.
Messrs Ahmad and Gordon were appointed as directors on 28 June
2024, Mr Wither was appointed as a director on 25 November 2025
and Mr Ahmed was appointed as a director on 29 April 2026. Mr
Quinlivan served as a director from the date of the Company’s
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Recommendation Yes / No Comment
the nature of the interest, position, association
or relationship in question and an explanation
of why the board is of that opinion; and
(c) the length of service of each director.
incorporation on 5 March 2021 until 25 November 2025.
The Board’s charter provides that where practical, the majority of
the Board is comprised of non-executive Directors and that, where
practical, at least 50% of the Board will be independent. An
independent Director is one who is independent of management
and free from any business or other relationship, which could, or
could reasonably be perceived to materially interfere with, the
exercise of independent judgement.
The Board will continue to assess the Company’s needs as it grows in
size and if appropriate, appoint additional non-executive and
independent directors.
2.4 A majority of the board of a listed entity should be
independent directors.
No Currently, independent directors do not form a majority of the Board
as two of the four Directors are considered to be independent
directors. The Board will continue to assess the Company’s needs as
it grows in size and if appropriate, appoint additional non-executive
and independent directors.
2.5 The chair of the board of a listed entity should be an
independent director and, in particular, should not
be the same person as the CEO of the entity.
No Mr Ahmad, an independent director, was appointed Non-Executive
Chairman on 3 August 2026. Mr Quinlivan, an independent director,
was Non-Executive Chairman until his resignation on 25 November
2025. The roles of Chairman and Chief Executive Officer are not held
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Recommendation Yes / No Comment
by the same person.
2.6 A listed entity should have a program for inducting
new directors and provide appropriate professional
development opportunities for directors to develop
and maintain the skills and knowledge needed to
perform their role as directors effectively.
Yes Under the Board’s charter, the Company Secretary is to facilitate the
induction of new Directors. The Company’s strategies to achieve the
necessary blend of skills and diversity amongst Board members
include workplace development programs, mentoring programs and
targeted training and development.
Principle 3: Instil a culture of acting lawfully, ethically and responsibly
A listed entity should instil and continually reinforce a culture across the organisation of acting lawfully, ethically and responsibly.
3.1 A listed entity should articulate and disclose its
values.
Yes The Company has disclosed a formalised statement of values that
has been placed on the Company’s website.
3.2 A listed entity should:
(a) have a code of conduct for its directors, senior
executives and employees; and
(b) ensure that the board or a committee of the
board is informed of any material breaches of
that code.
Yes The Company’s Code of Conduct provides a framework for decisions
and actions in relation to ethical conduct in employment. It
underpins the Company’s commitment to integrity and fair dealing in
its business affairs and to a duty of care to all employees, clients and
stakeholders. The document sets out the principles covering
appropriate conduct in a variety of contexts and outlines the
minimum standard of behaviour expected from employees.
Managers and supervisors are responsible and accountable for:
(a) undertaking their duties and behaving in a manner that is
consistent with the provisions of the Code of Conduct;
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Recommendation Yes / No Comment
(b) the effective implementation, promotion and support of the
Code of Conduct in their areas of responsibility; and
(c) ensuring employees under their control understand and follow
the provisions outlined in the Code of Conduct.
All employees are responsible for:
(a) undertaking their duties in a manner that is consistent with
the provisions of the Code of Conduct;
(b) reporting suspected corrupt conduct; and
(c) reporting any departure from the Code of Conduct by
themselves or others.
The Code of Conduct governs a variety of employment conduct,
including:
(a) personal and professional behaviour;
(b) conflicts of interest;
(c) public and media comment;
(d) use of Company resources;
(e) security of information;
(f) intellectual property/copyright;
(g) discrimination and harassment;
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Recommendation Yes / No Comment
(h) corrupt conduct;
(i) occupational health and safety;
(j) compliance with legislation;
(k) fair dealing;
(l) responsibilities to investors;
(m) breaches of the Code of Conduct; and
(n) reporting matters of concern.
3.3 A listed entity should:
(a) have and disclose a whistleblower policy; and
(b) ensure that the board or a committee of the
board is informed of any material incidents
reported under that policy.
Yes The Company’s Whistleblower Policy provides a framework for
creating and maintaining a culture of proper conduct and fair and
honest dealing in its business activities. The document is available on
the Company’s website.
3.4 A listed entity should:
(a) have and disclose an anti-bribery and
corruption policy; and
(b) ensure that the board or a committee of the
board is informed of any material breaches of
that policy
Yes The Company’s Anti-Bribery and Corruption Policy provides a
framework for ensuring that the Company, its Directors and staff are
acting professionally, fairly and with integrity in all business dealings.
The Company has a zero tolerance to bribery and corruption. The
document is available on the Company’s website.
Principle 4: Safeguard integrity in corporate reports
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Recommendation Yes / No Comment
A listed entity should have appropriate processes to verify the integrity of its corporate reports.
4.1 The board of a listed entity should:
(a) have an audit committee which:
(1) has at least three members, all of
whom are non-executive directors and
a majority of whom are independent
directors; and
(2) is chaired by an independent director,
who is not the chair of the board,
and disclose:
(3) the charter of the committee;
(4) the relevant qualifications and
experience of the members of the
committee; and
(5) in relation to each reporting period, the
number of times the committee met
throughout the period and the
individual attendances of the members
at those meetings; or
Yes The Board has established a separate audit and risk committee.
Matters determined by the committee are submitted to the full
Board as recommendations for Board consideration.
Membership of the audit and risk committee comprises three non-
executive directors, Mr Gordon (chairman), Mr Ahmad and Mr
Wither. Mr Quinlivan was a member of the committee until his
resignation on 25 November 2025. Details of the qualifications of
committee members and attendance at audit committee meetings
are set out in the Directors’ Report section of the 2026 Annual
Report.
The audit and risk committee operates in accordance with a written
charter. The audit and risk committee oversees accounting and
reporting practices and is also responsible for:
reviewing statutory financial reports and all other financial
information distributed externally;
co-ordination and appraisal of the quality of the audits
conducted by the external auditor;
determination of the independence and effectiveness of the
external auditor and assessment of whether non-audit services
have the potential to impair auditor independence;
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Recommendation Yes / No Comment
(b) if it does not have an audit committee,
disclose that fact and the processes it
employs that independently verify and
safeguard the integrity of its corporate
reporting, including the processes for the
appointment and removal of the external
auditor and the rotation of the audit
engagement partner.
reviewing the adequacy of the reporting and accounting controls
of the Company; and
establishing procedures for verifying the integrity of any periodic
reports which are released to the market and which have not
been audited or reviewed by an external auditor.
4.2 The board of a listed entity should, before it
approves the entity’s financial statements for a
financial period, receive from its CEO and CFO a
declaration that, in their opinion, the financial
records of the entity have been properly
maintained and that the financial statements
comply with the appropriate accounting standards
and give a true and fair view of the financial
position and performance of the entity and that
the opinion has been formed on the basis of a
sound system of risk management and internal
control which is operating effectively.
Yes The CEO and CFO provide a declaration to the Board that the
Company’s external financial reports present a true and fair view of
the Company’s financial condition and operational results and the
declaration in relation to the integrity of the Company’s external
financial reports is founded on sound risk management and internal
control systems and that those systems are operating effectively in
relation to financial reporting risks.
Suitable procedures for the efficient and effective verification of the
integrity of any unaudited periodic corporate reports released by the
Company are currently being evaluated and developed.
4.3 A listed entity should disclose its process to verify
the integrity of any periodic corporate report it
releases to the market that is not audited or
Yes All periodic reports that are not audited or reviewed by an external
auditor are reviewed and approved by the Board before being
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Recommendation Yes / No Comment
reviewed by an external auditor. released to the market via the ASX announcements platform.
Principle 5: Make timely and balanced disclosure
A listed entity should make timely and balanced disclosure of all matters concerning it that a reasonable person would expect to have a
material effect on the price or value of its securities.
5.1 A listed entity should have and disclose a written
policy for complying with its continuous disclosure
obligations under listing rule 3.1.
Yes The Company has in place a written policy on information disclosure
and relevant procedures.
The focus of these procedures is on continuous disclosure
compliance and improving access to information for investors.
The Company Secretary is responsible for:
(a) overseeing and co-ordinating disclosure of information to the
relevant stock exchanges and shareholders; and
(b) providing guidance to Directors and employees on disclosure
requirements and procedures.
Price sensitive information is publicly released through ASX before it
is disclosed to shareholders and market participants. Distribution of
other information to shareholders and market participants is also
managed through disclosure to the ASX.
Information is posted on the Company’s website after the ASX
confirms an announcement has been made, with the aim of making
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Recommendation Yes / No Comment
the information readily accessible to the widest audience.
5.2 A listed entity should ensure that its board receives
copies of all material market announcements
promptly after they have been made.
Yes The Company Secretary is responsible for circulating the final market
announcement to all directors promptly after its release is confirmed
by ASX.
5.3 A listed entity that gives a new and substantive
investor or analyst presentation should release a
copy of the presentation materials on the ASX
Market Announcements Platform ahead of the
presentation.
Yes The Company will release all new and substantive investor or analyst
presentations to the ASX announcements platform ahead of any
presentation.
Principle 6: Respect the rights of security holders
A listed entity should respect the rights of its security holders by providing them with appropriate information and facilities to allow them to
exercise those rights effectively.
6.1 A listed entity should provide information about
itself and its governance to investors via its
website.
Yes The Company’s full corporate governance practices and policies are
set out on the Company’s website at: www.dalaroometals.com.au
6.2 A listed entity should design and implement an
investor relations program to facilitate effective
two-way communication with investors.
Yes The Board of the Company aims to ensure that the shareholders are
informed of all major developments affecting the Company’s state of
affairs and to facilitate two-way communication with investors.
Information is communicated to shareholders through a range of
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Recommendation Yes / No Comment
measures, including:
(a) the Annual Report delivered by post and which is also placed
on the Company’s website;
(b) the half yearly report which is placed on the Company’s
website;
(c) the quarterly reports which are placed on the Company’s
website;
(d) disclosures and announcements made to the ASX copies of
which are placed on the Company’s website;
(e) notices and explanatory memoranda of Annual General
Meetings (AGM) and General Meetings (GM) copies of which
are placed on the Company’s website;
(f) the Managing Director’s address made at the AGMs and the
GMs, copies of which are placed on the Company’s website;
(g) the Company’s website on which the Company posts all
announcements which it makes to the ASX;
(h) the auditor’s lead engagement partner being present at the
AGM to answer questions from shareholders about the
conduct of the audit and the preparation and content of the
auditor’s report; and
(i) all investor updates, group presentations and relevant industry
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Recommendation Yes / No Comment
conferences.
6.3 A listed entity should disclose the policies and
processes it has in place to facilitate and encourage
participation at meetings of security holders.
Yes Shareholders are encouraged to attend and participate in general
meetings. Accordingly, meetings are held during normal business
hours and at a location considered to be most convenient for the
greatest possible number of shareholders to attend.
However, due to the size and nature of the Company, the Board does
not consider a policy outlining the policies and processes that it has
in place to facilitate and encourage participating at meetings of
shareholders to be appropriate at this stage.
6.4 A listed entity should ensure that all substantive
resolutions at a meeting of security holders are
decided by a poll rather than by a show of hands.
Yes The Company will ensure that all substantive resolutions put to
security holders at a meeting of security holders are voted on by poll
rather than a show of hands.
6.5 A listed entity should give security holders the
option to receive communications from, and send
communications to, the entity and its security
registry electronically.
Yes The Company will give all security holders the option to receive
communications from, and send communications to, the Company
and its security registry electronically.
Principle 7: Recognise and manage risk
A listed entity should establish a sound risk management framework and periodically review the effectiveness of that framework.
7.1 The board of a listed entity should:
(a) have a committee or committees to oversee
Yes The Board has estab
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