Black Fire Energy Ltd

Corporate Governance Statement

The Board of Directors of Black Fire Energy Limited (Black Fire) is responsible for corporate governance of the Company. The Board guides and monitors the business and affairs of the Company on behalf of the shareholders by whom they are elected and to whom they are accountable.

The Company has established a set of corporate governance policies and procedures that are based on the
Australian Stock Exchange Corporate Governance Council’s (the Council’s) “Principles of Good Corporate Governance and Best Practice Recommendations” (the Recommendations).

View Board Charter

In accordance with the Council’s recommendations, the Corporate Governance Statement contains certain specific information and discloses the extent to which the Company has followed the guidelines during the period. Where, a recommendation has not been followed that fact has been disclosed, together with the reasons for the departure.

Corporate Governance Compliance