# Nicola Frazer

Chief Financial Officer

## Career chronology

- **1998–2007: Normandy Mining / Newmont Australia** — Manager, Business Development and Investor Relations. [Appointment of Chief Financial Officer](<https://api.investi.com.au/api/announcements/bgd/76d80d78-3e8.pdf>) (CFO appointment release; prior Normandy/Newmont role and dates)

- **2009–2020: Beach Energy** — Senior Commercial Advisor. [Appointment of Chief Financial Officer](<https://api.investi.com.au/api/announcements/bgd/76d80d78-3e8.pdf>) (CFO appointment release; Beach Energy role and dates)

- **Most recent disclosed role before Barton appointment; dates not stated: KPMG Australia** — Associate Director, Government Incentives and Grants. [Appointment of Chief Financial Officer](<https://api.investi.com.au/api/announcements/bgd/76d80d78-3e8.pdf>) (CFO appointment release; most recent role)

- **Appointed effective 24 June 2024; current at 2026-09-26: Barton Gold Holdings Limited** — Chief Financial Officer. [Appointment of Chief Financial Officer](<https://api.investi.com.au/api/announcements/bgd/76d80d78-3e8.pdf>) (CFO appointment effective 24 June 2024)

## Contributions and company outcomes

### Finance leadership during fund-raising and project advancement [bgd_nicola_success]

FY2025–2026 · issuer reported · low materiality

Barton’s 2025 annual report documents a $3m placement priced at a 25% premium to prior 20-day VWAP, additional project progress and a $1.839m FY2025 net loss; the FY2026 PFS announcement confirms ongoing development. The sources do not identify Frazer as the individual negotiator or attribute the capital raise personally.

**Attribution:** Role overlaps event; causation unproven. Frazer is CFO; disclosed role creates oversight overlap with financing/reporting, but sources do not attribute specific transactions to her.

**Relevance:** Relevant finance context; accounting results remained loss-making and project funding/execution risks persisted.

[Annual Report 2025](<https://announcements.asx.com.au/asxpdf/20250926/pdf/06pr5swl6j3fk4.pdf>) (Directors’ Report, printed pp. 7–9; financial statements, printed p. 53); [Tunkillia Pre-Feasibility Study Begins](<https://www.nasdaq.com/press-release/tunkillia-pre-feasibility-study-begins-2026-06-22>) (Issuer release dated 21 June 2026)

## Suitability for the current role

### Role fit remains only partly evidenced [bgd_nicola_frazer_rolefit]

Current appointment through 2026-10-09 · analyst inference · low materiality

Issuer states Bachelor of Economics (Accounting), University of Adelaide; GradDip Applied Finance &amp; Investment, Securities Institute of Australia (now FINSIA); Chartered Accountants Australia &amp; New Zealand fellow and Chartered Accountant. Independent award/register verification was not performed. Role-fit inference: the documented background is relevant to the current role, but the evidence does not establish a full attributable performance record.

**Attribution:** Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes.

**Relevance:** Relevant to current Chief Financial Officer duties at Barton Gold Holdings Limited.

[Management and Technical Team](<https://bartongold.com.au/corporate/management-and-technical-team/>) (Management and Technical Team biography; education and professional credentials); [Appointment of Chief Financial Officer](<https://api.investi.com.au/api/announcements/bgd/76d80d78-3e8.pdf>) (24 June 2024 CFO appointment; CA status and career history)

## Evidence gaps

- Exact dates and independent corroboration for several prior-employer roles are not disclosed in the cited public biographies.

- Degrees, professional memberships and licences are issuer-reported; direct awarding-institution and register verification was not completed.

- The documented name/employer searches and reviewed filings are not exhaustive criminal, sanctions, litigation, safety, environmental or regulatory record checks; no clearance is implied.

- Company exploration, finance and project milestones are not personally attributable absent the role limits stated in each finding.

- The FY2026 annual report was announced as released on 29 September 2026, but the full report could not be retrieved and read by the cutoff; no claim is based on its contents.

- No individual adverse finding was established in the documented searches; the open-web review is not an exhaustive criminal, sanctions, litigation, safety, environmental or regulatory check.
