# David Palumbo Non-executive Director / Company Secretary ## Career chronology - **Current as of 2026-09-27; exact start date not supplied: Krakatoa Resources Limited** — Non-executive Director / Company Secretary. [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** — chartered accountant and listed-company corporate advisory/finance background; other company board interests are disclosed in annual report. [Annual report FY2026]() (FY2026 annual report, PDF pp. 3, 14–16) ## Education and qualifications ### Education and professional credentials [kta_palumbo_education] Not dated · issuer reported · low materiality Chartered Accountant. Credentials are reported in the cited issuer or secondary biography; the issuing institutions were not independently queried in this pass. **Attribution:** Individual involvement documented. The cited biography names the qualification; independent verification of award records was not available. **Relevance:** Relevant professional preparation for the current position. [Annual report FY2026]() (FY2026 annual report, PDF pages 3–4, 13–16) ## Personal achievements ### Role in identifying early exploration projects [kta_palumbo_projects] October 2020 · issuer reported · medium materiality In its October 2020 announcement Krakatoa’s board proposed a bonus share issue for Palumbo for identifying the Rand, Turon and Mt Clere projects for direct application. The announcement is evidence of the board’s stated reason for the proposed award; it does not establish project profitability or prove that the proposed award was later issued. **Attribution:** Individual involvement documented. The board’s statement connects Palumbo to identifying the projects; subsequent outcomes and award issuance were not independently established. **Relevance:** Provides a specific issuer-reported contribution beyond company-secretarial duties. [Appointment of Mark Major as Chief Executive Officer]() (p. 2, proposed director bonus) ## Contributions and company outcomes ### Company-level project and delivery record [kta_palumbo_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_palumbo_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) ## Suitability for the current role ### Professional fit for Non-executive Director / Company Secretary [kta_palumbo_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 the function stated in the title; 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)