# Colin Locke Executive Chairman ## Career chronology - **Executive chairman from 6 August 2015: Krakatoa Resources Limited** — Executive Chairman. [Annual report FY2026]() (FY2026 annual report, PDF pp. 3, 14–16) - **Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure** — executive chairman since 6 August 2015; annual report and issuer material describe long mining, business management, financial services and international exploration experience. [Annual report FY2026]() (FY2026 annual report, PDF pp. 3, 14–16) - **Since March 2021 (per profile at cutoff): Rubix Resources Ltd.** — Non-Executive Director. [Colin Locke – Director profile]() (Director profile; current role table) ## Contributions and company outcomes ### Company-level project and delivery record [kta_locke_company_record] Most recent report through cutoff · issuer reported · low materiality The FY2026 annual report describes exploration at Zopkhito; the historical foreign estimate is not represented as a JORC-compliant Mineral Resource. Drilling and resource conversion remain exploration work, not delivered mine production. **Attribution:** Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution. **Relevance:** Provides the company outcome against which the executive’s delivery record should be assessed. [Annual report FY2026]() (PDF pp. 5–13, review of operations) ## Business failures and setbacks ### FY2026 loss and financing dependence [kta_locke_funding26] Year ended 30 June 2026 and September 2026 · documented · medium materiality Krakatoa reported a FY2026 net loss of A$5.784 million versus A$2.522 million in FY2025 and A$739,459 cash at 30 June. The directors’ going-concern assessment depended principally on further equity funding; the audit identified going concern as a key audit matter. The annual report also says A$4 million was raised after year-end. Independent reporting on the September quarter states cash was A$2.03 million after those placements. **Attribution:** Role overlaps event; causation unproven. Company-level financial outcome during management tenure; additional capital raised after 30 June is not part of the June cash balance and individual causation is not established. **Relevance:** Shows the funding and capital-allocation demands during the team’s tenure. [Annual report FY2026]() (PDF pp. 4, 39, 63); [September quarterly results and funding position]() (Cash Position and Runway) ## Environmental record ### EL8153 Sugarloaf regulator audit: diesel spill observation and response [kta_locke_sugarloaf_audit_context] 2020–2022 activity; audit published 2022 · documented · low materiality The NSW Resources Regulator’s compliance audit covering Krakatoa’s EL8153 exploration activity from 2020–2022 found no non-compliances. It did record a small diesel spill at drill site SDD002 as an observation of concern: the drilling contractor had not reported it and the exploration manager was initially unaware. The site manager cleaned it during the audit; the manager later followed up with the driller to reinforce reporting. The audit said the spill was unlikely to cause material environmental harm and was not reportable or a reportable offence. The report does not identify Major or Locke as personally involved. Their company leadership tenure overlapped the period, which is an oversight context only. **Attribution:** Role overlaps event; causation unproven. Company-level exploration management oversight; the regulator did not identify either executive as responsible for the spill or as having breached a requirement. Corrective response is documented. **Relevance:** Exploration-stage environmental reporting controls relevant to the CEO and executive-chair roles. [EL8153 Sugarloaf compliance audit]() (NSW Resources Regulator compliance audit, findings and observation-of-concern sections; SDD002 diesel spill, immediate clean-up, contractor follow-up, no non-compliances) ## Suitability for the current role ### Professional fit for Executive Chairman [kta_locke_role_fit] Current role as of cutoff · analyst inference · medium materiality Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with company leadership and project finance; demonstrated personal outcomes are not inferred from employer results. **Attribution:** Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation. **Relevance:** Assesses documented capability against the current role and company stage. [Annual report FY2026]() (FY2026 annual report, PDF pages 3–4, 13–16); [Annual report FY2026]() (FY2026 annual report, PDF pages 3–4, 13–16)