David Baumgartel

Career chronology

• since 2026: Forrestania Resources Limited — General Manager Operations. Quarterly Activities/Appendix 5B Cash Flow Report (Corporate directory or key management personnel disclosure)

• approximately 2021–2023: Gascoyne Resources Limited — Chief Operating Officer, Dalgaranga. December 2021 quarterly activities report (Page 15: promotion and Dalgaranga responsibility); December 2022 quarterly activities report (Page 12: role redundancy)

• before 2021: Barrick Gold Corporation — Jabal Sayid General Manager; Global Vice President Supply Chain and Maintenance. Appointment of GM Operations (Page 1 prior Barrick management roles); One year of triple zero at Jabal Sayid (2017 article: former Jabal Sayid GM and then VP supply chain)

Business failures and setbacks

Dalgaranga mining suspended during Gascoyne operations leadership

2022–January 2023 · documented · high materiality

Gascoyne promoted Baumgartel to COO with responsibility for Dalgaranga by January 2022. Mining and processing were suspended in November 2022 and the operation transitioned to care and maintenance. Its January 2023 quarterly says the COO position became redundant and his employment ended; it thanked him for leading the site in challenging circumstances.

Attribution: Role overlaps event; causation unproven. His operating role overlapped with the company decision and cessation; sources do not establish individual causation.

Relevance: Relevant context for assessing operating turnaround and cash-flow execution.

December 2021 quarterly activities report (Page 15 board and management changes); Dalgaranga operations update and trading suspension (Page 1 suspension and care-and-maintenance transition); December 2022 quarterly activities report (Page 12 management change)

Industrial safety

Barrick credited prior Jabal Sayid safety leadership

2016–2017 · issuer reported · medium materiality

In August 2017 Barrick reported Jabal Sayid recorded a year with zero fatalities, lost-time injuries and medical treatment injuries. Its successor general manager credited former GM Baumgartel with developing safety culture; Barrick said he had already moved to a supply-chain leadership role. This is employer-reported recognition, not an independent audit.

Attribution: Individual involvement documented. Barrick’s statement directly reports the successor manager’s attribution; the entire 12-month metric cannot be assigned solely to one individual.

Relevance: Provides specific prior safety leadership evidence relevant to an incoming mining operations role.

One year of triple zero at Jabal Sayid (Article title, milestone and successor GM’s statement)

Suitability for the current role

Limited public evidence for role fit

since 2026 · analyst inference · low materiality

The issuer identifies David Baumgartel as General Manager Operations. The cited source establishes the disclosed role and any stated appointment date. This source alone does not establish attributable prior-employer outcomes, verified credentials or independently benchmarked delivery. This is an evidence limitation, not an adverse personal finding.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

Quarterly Activities/Appendix 5B Cash Flow Report (Corporate directory, key management personnel or appointment disclosure; role and date)

Appointed to lead operational establishment; mine start-up remained prospective

2026 · analyst inference · low materiality

Appointment release states plan to establish operations later in 2026; that is a target, not a delivered result as of appointment/cutoff.

Attribution: Responsibility not applicable. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

Appoints Highly Experienced GM Operations (Appointment release states plan to establish operations later in 2026; that is a target, not a delivered result as of appointment/cutoff.)

Evidence gaps

• Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

• Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

• Full individual responsibility for the Dalgaranga suspension and personally attributable production outcomes were not established.