Firefinch Management

Management criteria checks 1/4

Firefinch's CEO is Andrew Taplin, appointed in Jun 2022, has a tenure of less than a year. total yearly compensation is A$684.44K, comprised of 56.4% salary and 43.6% bonuses, including company stock and options. directly owns 0.085% of the company’s shares, worth A$200.01K. The average tenure of the management team and the board of directors is 1.1 years and 1.8 years respectively.

Key information

Andrew Taplin

Chief executive officer

AU$684.4k

Total compensation

CEO salary percentage	56.4%
CEO tenure	less than a year
CEO ownership	0.08%
Management average tenure	1.1yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

Is Firefinch (ASX:FFX) Using Debt In A Risky Way?

May 18

Health Check: How Prudently Does Firefinch (ASX:FFX) Use Debt?

Apr 02

CEO Compensation Analysis

How has Andrew Taplin's remuneration changed compared to Firefinch's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2021	AU$684k	AU$386k	-AU$42m
Sep 30 2021	n/a	n/a	-AU$25m
Jun 30 2021	n/a	n/a	-AU$7m
Mar 31 2021	n/a	n/a	-AU$3m
Dec 31 2020	AU$395k	AU$63k	AU$114k

Compensation vs Market: Andrew's total compensation ($USD458.12K) is about average for companies of similar size in the Australian market ($USD641.34K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.

CEO

Andrew Taplin

less than a year

Tenure

AU$684,438

Compensation

Mr. Andrew Taplin served as Chief Operating Officer at Firefinch Limited (formerly Mali Lithium Limited, which was formerly known as Birimian Limited) since November 02, 2020 until 2022 and serves as its A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Taplin	Acting Chief Executive Officer	less than a year	AU$684.44k	0.085% A$ 200.0k
Thomas Plant	Chief Financial Officer	1.1yrs	AU$374.35k	0.0038% A$ 9.0k
Eric Hughes		1.1yrs	AU$637.32k	no data
William Oliver	General Manager of Geology & Exploration	no data	no data	no data
Irina Latonenko	Financial Controller	1.8yrs	no data	no data
Simon Hay	Managing Director of Leo Lithium Limited	less than a year	no data	no data
Stuart Usher	Company Secretary	less than a year	no data	no data
Kevin Joyce	Technical Consultant	5.3yrs	AU$776.64k	no data

1.1yrs

Average Tenure

55yo

Average Age

Experienced Management: FFX's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Brett M. Fraser	Independent Chairman of the Board	1.8yrs	AU$250.88k	0.045% A$ 107.2k
Bradley Gordon	Independent Non-Executive Director	1.4yrs	AU$225.36k	0.0067% A$ 15.8k
Mark Hepburn	Non-Executive Director	3.8yrs	AU$193.87k	0.13% A$ 300.0k

1.8yrs

Average Tenure

Experienced Board: FFX's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Firefinch Management

Management criteria checks 1/4

Key information

Recent management updates

Firefinch Limited Announces Board Changes

Scott Lowe to Leave the Firefinch Limited as Managing Director, Effective on August 31, 2023

Firefinch Limited Announces Board Changes

Firefinch Limited Announces Redundant of Thomas Plant as Chief Financial Officer

Firefinch Limited Appoints Scott Lowe as Director

Firefinch Limited Announces Andrew Taplin Will Resume the Role of Chief Operating Officer

Recent updates

Firefinch Limited Announces Board Changes

Scott Lowe to Leave the Firefinch Limited as Managing Director, Effective on August 31, 2023

Firefinch Limited Announces Board Changes

Firefinch Limited Announces Redundant of Thomas Plant as Chief Financial Officer

Firefinch Limited Appoints Scott Lowe as Director

Firefinch Limited Presents Production Target for Forthcoming Production from the Morila Gold Project in Mali

Firefinch Limited Announces Andrew Taplin Will Resume the Role of Chief Operating Officer

Firefinch Limited Presents an Update to the Mineral Resource for the Morila Gold Project (Project)

Firefinch Limited Announces Change of Company Secretary

Firefinch Limited Provides Production Guidance for the Quarter Ended June 2022

Firefinch Limited Appoints Dr. Alistair Cowden as Executive Chairman

Firefinch Limited completed the Spin-Off of a 80% stake in Leo Lithium Limited (ASX:LLL).

Independent Non-Executive Director recently bought AU$69k worth of stock

Less than half of directors are independent

Non-Executive Director recently sold AU$566k worth of stock

Firefinch Limited Appoints Liz Wall and Naomi Scott as Non-Executive Directors

Is Firefinch (ASX:FFX) Using Debt In A Risky Way?

Non-Executive Chairman recently bought AU$81k worth of stock

Independent Non-Executive Director recently sold AU$2.9m worth of stock

Firefinch Limited, Annual General Meeting, May 27, 2022

Firefinch Limited Provides Production Guidance for the Second Quarter, Third Quarter, Fourth Quarter and Full Year 2022

Firefinch Limited Provides an Update on Drilling Activities At the Morila Gold Project

Consensus revenue estimates fall by 19%

Price target increased to AU$1.90

Firefinch Limited Provides Production Guidance for the Period from January to March 2022

Firefinch Limited Announces Mining Commences At Morila Super Pit

High number of new directors

Non-Executive Director exercised options and sold AU$387k worth of stock

Firefinch Limited Announces High-Grade Drilling Results At the Morila Gold Project

Non-Executive Director recently sold AU$121k worth of stock

Independent Non-Executive Director exercised options to buy AU$688k worth of stock.

Firefinch Limited Announces First Production Blast Since March 2015 Took Place on 2 July 2021

Non-Executive Chairman exercised options to buy AU$247k worth of stock.

MD & Director recently bought AU$99k worth of stock

Firefinch Limited has completed a Follow-on Equity Offering in the amount of AUD 46.8 million.

Firefinch Limited announced that it expects to receive AUD 46.8 million in funding

Firefinch Limited Announces Latest Drilling Results Received from the Viper Deposit

Firefinch Limited Provides Update on Drilling Activities At the Morila Gold Mine in Mali

Firefinch Limited Announces the Identification of A New Satellite Deposit At the K2 Prospect, Within Trucking Distance of the Morila Gold Mine

Firefinch Limited Announces Commencement of Commissioning of the Comminution Circuit at the Morila Gold Mine Using Feed from Morila Pit 5 and Stockpiles

Firefinch Limited Commences Open Pit Mining Operations at the Morila Gold Mine in Mali

Firefinch Limited Provides Update of its Life of Mine Plan for the Morila Gold Mine in Mali

Health Check: How Prudently Does Firefinch (ASX:FFX) Use Debt?

Joint Company Secretary has left the company

Firefinch Limited Announces Resignation of Elizabeth Lee as Joint Company Secretary

Firefinch Limited Provides Update on Activities At the Morila Gold Mine

Firefinch Limited Appoints Michael Anderson as Managing Director, Effective from 6 April 2021

Firefinch Limited Provides Drilling Updates of Koting Project and the Pit 5 Prospect Adjacent to the Morila Pit

Firefinch Limited Clarified the Announcement to ASX of February 8, 2021 Entitled 2.2 Million Ounce Resource Estimate Transforms Morila

New 90-day high: AU$0.28

Firefinch Limited to Announce the Results of Mineral Resource Estimate at the Morila Gold Mine in Mali

Firefinch Limited Appoints Elizabeth Lee as Joint Company Secretary

Firefinch Limited Announces Drilling Results from Infill and Extensional Drilling At the N'Tiola Deposit Within the Morila Gold Project

Firefinch Limited Announces Quarter Gold Production in December 2020

New 90-day high: AU$0.23

Executive Chairman recently bought AU$71k worth of stock

Firefinch Limited Completed its First Month of Production Under Firefinch Ownership

Executive Chairman recently bought AU$113k worth of stock

Firefinch Limited Announces First Gold Pour at the Morila Gold Mine in Mali Under Firefinch Ownership Completed

Firefinch Limited Announces an Initial Mineral Resource Estimate for the Three Previously Mined Open Pits Within the Morila Project - N'tiola, Viper and Domba

Firefinch Limited Announces Management Changes

Mali Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 64.437815 million.

New 90-day high: AU$0.22

Mali Lithium Limited Announces Drilling Programme to Commence At Koting

Mali Lithium Limited (ASX:MLL) entered into agreement to acquire 80% stake in Morila Gold Mine from Barrick Gold Corporation (TSX:ABX) and AngloGold Ashanti Limited (JSE:ANG) for $27 million.

Mali Lithium Limited announced that it expects to receive AUD 64 million in funding from Resolute Mining Limited

CEO Compensation Analysis

CEO

Tenure