# Riaan Lombard General Manager – Kobada Gold Mine ## Career chronology - **2022–2023 board and mine management tenure: Caracal Gold plc / Kilimapesa Gold** — Kilimapesa General Manager from February 2022; appointed Caracal Executive Director and COO effective 18 July 2022; resigned from Caracal board on 12 June 2023 following board governance review. Earlier operating roles included Kahl Group, Louis-Dreyfus Group and IAMGOLD Rosebel, according to contemporary/company sources.. [Caracal Gold Interim Report to 31 December 2022]() (p. 2, Board changes and quarter operational table; appointment effective date corroborated by Caracal appointment announcement summarized in secondary coverage) - **Earlier career; exact dates not established: Prior employers as stated in official or reviewed professional profile** — Mining executive with 30+ years; prior senior leadership at Resolute Mining and Caracal Gold, operations roles at AngloGold Ashanti and IAMGOLD.. [Company and Senior Management]() (Riaan Lombard profile; career/role section) - **Current role; roster as of 2026-09-26: Toubani Resources Limited** — General Manager – Kobada Gold Mine. [Company and Senior Management]() (Riaan Lombard profile; title and role); [Annual Report to shareholders]() (Directors’ report / Corporate Directory; executive name and title) ## Personal achievements ### Relevant professional experience [riaan_lombard_career_record] Earlier career; exact dates not established in reviewed profile · issuer reported · medium materiality Mining executive with 30+ years; prior senior leadership at Resolute Mining and Caracal Gold, operations roles at AngloGold Ashanti and IAMGOLD. **Attribution:** Individual involvement documented. The cited profile describes the person’s roles and involvement; outcome attribution is limited to what it explicitly states. **Relevance:** Provides role-relevant experience; profile claims are issuer-reported and not a substitute for independent delivery evidence. [Company and Senior Management]() (Riaan Lombard profile; career/role section) ## Business failures and setbacks ### Kilimapesa production expansion remained a plan during available tenure evidence [riaan_lombard_kilimapesa_target_not_met_as_assessed] 2022; production target for 2024 was prospective at the time · issuer reported · medium materiality Caracal’s November 2022 annual results described expansion to 24,000 oz per year as underway/planned for 2024. The contemporaneous interim report subsequently records quarterly smelted production of 835 oz in Q4 2022 and a circuit shutdown because the lower-grade-fines washing project was uneconomic. These disclosures do not show that Lombard personally approved or designed the circuit or that the stated annual target was due during his short tenure; they do show operational plans and performance risk during an overlapping management period. **Attribution:** Role overlaps event; causation unproven. Targets were forward-looking, and reported Q4 2022 ounces are not a full-year 2024 comparison. No evidence of personal responsibility for the failed circuit was located. **Relevance:** Role-relevant execution evidence for a future operating remit, with limited time-period and attribution comparability. [Caracal Gold Interim Report to 31 December 2022]() (pp. 1–2; Q4 operating figures and Plant 2 cessation); [Caracal Gold Financial Results for 18 months to 30 June 2022]() (Chairman’s statement/outlook, lines 263–275; planned 24,000 oz/y expansion) ## Governance and interests ### Caracal tenure overlapped operational and governance strain [riaan_lombard_caracal_operating_governance_outcomes] 2022–2024; Lombard’s Caracal board service ended 12 June 2023 · issuer reported · high materiality Caracal’s interim report for the six months to 31 December 2022 records Lombard as COO/director and reports Kilimapesa smelted gold of 1,266 oz in Q1, 746 oz in Q2, 806 oz in Q3 and 835 oz in Q4 2022. It says Plant 2 stopped in August after the fines-washing circuit proved uneconomic and heap-leach Plant 3 stopped at design capacity. The same interim report disclosed a board-commissioned governance, regulatory-compliance and communications review; Proactive later reported that Lombard stepped off the board with immediate effect on 12 June 2023 after that review. Caracal’s 2024 annual report, after his departure, described acute cash pressure and a continuing LSE suspension for late audited accounts. These company-level problems overlap his management/director tenure in part, but sources do not state that he caused the governance review, disclosure delays or later financial difficulty; no personal misconduct finding was identified. **Attribution:** Role overlaps event; causation unproven. The records establish contemporaneous operational outcomes, a governance review, and subsequent board departure, not a causal link or allegation against Lombard. The later 2024 cash/reporting problems arose after his documented board departure and are recorded as follow-through rather than personal attribution. **Relevance:** Relevant context for new site-wide operating responsibility. The outcomes warrant scrutiny of execution, while the available material does not support a personal culpability conclusion. [Caracal Gold Interim Report to 31 December 2022]() (pp. 1–2; Q1–Q4 2022 operating table, plant stoppages and governance review); [Caracal Gold rejigs board after corporate governance review]() (13 June 2023 notice of Lombard’s board departure following governance review); [Caracal Gold Annual Report and Accounts 2024]() (Chairman’s report, paragraphs on cash pressure and LSE suspension from late audited statements) ## Suitability for the current role ### Role fit and evidence limits [riaan_lombard_role_fit] Assessment at cutoff 2026-10-09 · analyst inference · medium materiality Mine-building, West African permitting and construction experience is relevant to Kobada development in Mali; company delivery is still being demonstrated. **Attribution:** Responsibility not applicable. This is an analytical inference from the cited career profile and the company’s stated stage; it does not claim personal causation of company outcomes. **Relevance:** Connects prior experience to the role’s execution and oversight needs. [Company and Senior Management]() (Riaan Lombard profile; career/role section) ## Evidence gaps - The reviewed public professional and issuer materials did not establish verified degrees or professional credentials for this executive. - Exact dates for prior roles and independent confirmation of profile claims were unavailable in the reviewed materials. - The reviewed disclosures do not establish Lombard’s specific role in Caracal circuit design, governance review, or late reporting, nor an exhaustive personal legal/safety/environment record search.