Yes. Our proposal explicitly preserves Mr Richardson as CEO — technical leadership, operations, and relationships with POSCO, LG Energy Solution and government remain with him.

No. Ownership of Anson remains unchanged. This is a Board capability upgrade, not a change of strategy, assets or management. Two directors are proposed to join the Board.

Shareholders have voted against two consecutive remuneration reports and a Board spill resolution received 27% support. The share price is down more than 80% from its 2022 peak. The Board's response — a remuneration review commissioned only after the EGM was called — was late and inadequate. Refer “Why Change” tab on this website for a more comprehensive answer.

Our clearly stated preference is that he continues as CEO. If circumstances change, the reconstituted Board would appoint the best available executive — with the accountability and oversight the current structure lacks.

No. The Board's role is strategy, capital allocation and oversight — not day-to-day technical operations. The incumbent Board itself has no track record of building or operating a mining or chemical processing project, or prior DLE experience.

The Board's role is governance and capital allocation, not to provide process engineering skills. Andrew Woskett brings 45 years of resources leadership and M&A experience; Erle Spratt brings institutional investment and capital markets experience. Technical leadership stays with Mr Richardson and the existing team.

Combined annual cash remuneration of approximately A$530,000. This is about one-third of the $1.45m to $1.75m savings expected from reducing current Anson remuneration. For example, the incoming directors together would be paid less than half of Mr Richardson's current A$1,144,000. Performance rights vest only if the share price reaches 2.5x, 4x or 8x current levels. Refer “Our Plan” tab for more information.

The Corporations Act requires at least two of at least three directors to be ordinarily resident in Australia. Project-level relationships remain with the CEO and executive team in the US — as is standard for ASX-listed international resources developers.

Strategic review launch, a defined shareholder communication framework, agreed milestones with management, and a review of Board governance and remuneration alignment. Visit Utah. AGM.

See the full plan

Undirected proxies and non-votes reduce shareholder influence over the outcome. We encourage every shareholder to lodge a proxy ahead of the deadline.