Announcement • Jun 12
Pilbara Gold Limited Appoints Robert Klug as Chief Financial Officer Pilbara Gold Limited announced that Non-Executive Director Robert Klug will step down from the Board to become Chief Financial Officer in a full-time capacity. Robert Klug joined the Board of Pilbara Gold Limited in June 2024 and will now transition to join the Senior Leadership Team as the Company advances into its next phase of growth and development. His previous roles include Chief Commercial Officer and General Counsel for Sandfire Resources. In this position, Mr. Klug played a key role helping Sandfire grow to become a mid-tier copper producer with multiple operating mines and development projects in Australia, Africa, Europe and North America. Mr. Klug holds a Bachelor of Laws From Murdoch University and a Bachelor of Commerce (Accounting and Finance) from University of Western Australia (UWA). Announcement • Jun 11
Pilbara Gold Limited Announces Board Changes Pilbara Gold Limited had appointed mining engineer Martin Reed to the Board as a Non-Executive Director. Concurrently, Non-Executive Director Robert Klug will step down from the Board to become Chief Legal Officer in a full-time capacity. Martin Reed is a highly respected mining engineer and seasoned board member with 50 years of senior operational experience with Australian and African gold and copper mining companies. Mr. Reed has held senior leadership and technical roles with leading ASX- and TSX-listed mining companies including Sandfire Resources, Saracen Mineral Holdings, Endeavour Mining Corporation, St Barbara and Toro Gold where he had a major role in building and operating new mines including DeGrussa, Gwalia Deeps Gold Mine, Bronzewing, Jundee and the Mako Gold Mine. Mr. Reed has been part of successful growth strategies of companies such as Saracen (merged with Northern Star in 2021); with Toro Gold (merged with Resolute Mining Limited in 2019) and with Adamus Resources Limited (merged with Endeavour in 2011). Robert Klug joined the Board of Pilbara Gold Limited in June 2024 and will now transition to join the Senior Leadership Team as the Company advances into its next phase of growth and development. His previous roles include Chief Commercial Officer and General Counsel for Sandfire Resources. In this position, Mr. Klug played a key role helping Sandfire grow to become a mid-tier copper producer with multiple operating mines and development projects in Australia, Africa, Europe and North America. Mr. Klug holds a Bachelor of Laws From Murdoch University and a Bachelor of Commerce (Accounting and Finance) from University of Western Australia (UWA). New Risk • May 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$136.4m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$136.4m market cap, or US$97.9m). 
