# Scott Balloch

Chief Financial Officer

## Career chronology

- **Appointed 31 October 2014; current at cutoff.: Pantoro Gold** — Chief Financial Officer. [Pantoro 2026 Annual Report](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03140955-6A1346134>) (p.26); [Pantoro Operations Update and Investor Presentation, September 2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03137381-6A1344579>) (p.7)

- **Disclosed in the 2015 prospectus; exact service dates not stated.: Aziana Limited** — Chief Financial Officer and Company Secretary. [Aziana Limited re-compliance prospectus](<https://announcements.asx.com.au/asxpdf/20150818/pdf/430ljdk8ycnnzv.pdf>) (p.58)

- **Prior roles; full chronology not established.: Westgold Resources and Metals X** — CFO/financial-controller roles reported in broker research; exact title sequence and dates unknown. [Pantoro Limited: Initiating Coverage](<https://research.argonaut.com/wp-content/uploads/2025/01/20250106-Pantoro-Initiating-Coverage.pdf>) (p.14)

## Contributions and company outcomes

### FY2026 financial results and liquidity [scott_balloch_fy26_financials]

FY2026 and quarter ended 30 September 2026 · issuer reported · low materiality

Pantoro reported FY2026 revenue of A$480.7m, profit before tax of A$162.9m and operating cash flow of A$276.25m. Its Q1 FY2027 report later stated the company held A$240m in cash and gold and had no debt. These are company outcomes during Balloch's CFO tenure; no individual causation or credit is established.

**Attribution:** Role overlaps event; causation unproven. The results overlapped Balloch's CFO tenure but the filings do not identify his individual contribution.

**Relevance:** Financial reporting, liquidity and capital controls are relevant to the CFO role.

[Pantoro 2026 Annual Report](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03140955-6A1346134>) (p.21); [Pantoro Quarterly Activities Report and Appendix 5B, quarter ended 30 September 2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03151507-6A1350597>) (p.11)

## Suitability for the current role

### Mining finance experience and disclosed accounting credentials [scott_balloch_current_role_fit]

Professional background disclosed through 2025; current CFO role at cutoff · analyst inference · low materiality

Pantoro identifies Balloch as CFO and records his October 2014 appointment. A 2015 Aziana prospectus identifies Scott Balloch as CFO/company secretary and reports CPA status and a Bachelor of Business (Accounting). Argonaut's 2025 research describes more than 25 years in finance-control/CFO roles with ASX-listed miners and prior Westgold and Metals X experience. Earlier dates are incomplete; CPA standing and degree were not independently verified.

**Attribution:** Responsibility not applicable. Role-fit assessment from disclosed finance background; sources do not establish personal responsibility for company results.

**Relevance:** Listed-company reporting and resource-sector finance experience are relevant to the CFO role.

[Pantoro Operations Update and Investor Presentation, September 2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03137381-6A1344579>) (p.7); [Pantoro 2026 Annual Report](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03140955-6A1346134>) (p.26); [Aziana Limited re-compliance prospectus](<https://announcements.asx.com.au/asxpdf/20150818/pdf/430ljdk8ycnnzv.pdf>) (p.58); [Pantoro Limited: Initiating Coverage](<https://research.argonaut.com/wp-content/uploads/2025/01/20250106-Pantoro-Initiating-Coverage.pdf>) (p.14)

## Evidence gaps

- Exact Westgold/Metals X employment dates and finance-role sequence were not established.

- CPA membership status and the degree were not independently checked; the credential disclosure is historical.

- No exhaustive criminal, sanctions, litigation, professional-discipline, safety, environmental or education-register check was performed.
