Metarock Group has hired Jeffrey Whiteman as Chief Executive Officer & Managing Director, with immediate effect. Whiteman has been acting in the capacity of Interim CEO of the Group since June 2023, after having joined Metarock as CFO in November 2022. Mr. Whiteman has been instrumental in leading the team in delivering on Metarock's turnaround plan over the past year including addressing several major legacy challenges, injecting $25 million into the Company through the placement to M Resources, reducing net debt and extending banking facilities, whilst also focusing on ensuring the core business units of Mastermyne, PYBAR, Wilson Mining and MyneSight are achieving their goals of safe and efficient operations.

Mr. Whiteman's prior executive roles include Executive General Manager of the largest surface drill and blast contractor in Australia, CFO of a large Queensland based civil and mining contractor and CFO of an ASX200 agribusiness. Before transitioning into the corporate sector, Mr. Whiteman was the Queensland Head for ANZ's mid-market private equity business, following 12 years with PwC Corporate Finance in London and Brisbane. Mr. Whiteman is a Chartered Accountant, a Corporate Financier and holds a Bachelor of Engineering (Honours) in Civil Engineering.

Short Term Incentives ('STI') Up to 70% of Base Salary, payable in cash, subject to achievement of Key Performance Indicators aligned with the safety and financial performance of the group as well as other factors specific to the CEO role.