David Palumbo

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

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

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

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

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

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)