Global Lithium Resources Management

Management criteria checks 0/4

Global Lithium Resources' CEO is Ron Mitchell, appointed in Jun 2022, has a tenure of 1.92 years. total yearly compensation is A$1.21M, comprised of 31.4% salary and 68.6% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth A$198.01K. The average tenure of the management team and the board of directors is 1.2 years and 2.3 years respectively.

Key information

Ron Mitchell

Chief executive officer

AU$1.2m

Total compensation

CEO salary percentage	31.4%
CEO tenure	1.9yrs
CEO ownership	0.2%
Management average tenure	1.2yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ron Mitchell's remuneration changed compared to Global Lithium Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$4m
Sep 30 2023	n/a	n/a	-AU$4m
Jun 30 2023	AU$1m	AU$380k	-AU$4m
Mar 31 2023	n/a	n/a	-AU$4m
Dec 31 2022	n/a	n/a	-AU$5m
Sep 30 2022	n/a	n/a	-AU$4m
Jun 30 2022	AU$416k	AU$111k	-AU$4m

Compensation vs Market: Ron's total compensation ($USD800.61K) is above average for companies of similar size in the Australian market ($USD296.62K).

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

CEO

Ron Mitchell

1.9yrs

Tenure

AU$1,210,921

Compensation

Mr. Ronald Mitchell, also known as Ron, serves as Director of Global Lithium Resources Limited since March 1, 2022 and served as its Executive Director of Markets & Growth since March 1, 2022 until June 1,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ronald Mitchell	MD & Director	1.9yrs	AU$1.21m	0.19% A$ 198.0k
Matthew Allen	Chief Financial Officer	1.1yrs	AU$342.29k	no data
James Wakefield	Head of Technology	less than a year	no data	no data
Logan Barber	General Manager of Geology	less than a year	no data	no data
Kevin Hart	Company Secretary	3.3yrs	no data	no data
Kim Petrich	Group Financial Controller	1.3yrs	no data	no data

1.2yrs

Average Tenure

Experienced Management: GL1's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald Mitchell	MD & Director	2.2yrs	AU$1.21m	0.19% A$ 198.0k
Geoffrey Jones	Non-Executive Chair	less than a year	AU$14.79k	no data
Dianmin Chen	Non-Executive Director	5.9yrs	AU$141.75k	4.94% A$ 5.1m
Gregory Lilleyman	Independent Non-Executive Director	2.3yrs	AU$242.12k	0.11% A$ 112.6k
Hayley Lawrance	Independent Non-Executive Director	2.3yrs	AU$242.12k	0.063% A$ 65.0k

2.3yrs

Average Tenure

61yo

Average Age

Experienced Board: GL1's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Global Lithium Resources Management

Management criteria checks 0/4

Key information

Recent management updates

Non-Executive Director recently bought AU$164k worth of stock

Global Lithium Resources Limited, Annual General Meeting, Nov 28, 2023

Warrick Hazeldine Retires as A Director of Global Lithium Resources Limited, Effective 9 August 2023

Global Lithium Resources Limited, Annual General Meeting, Jul 31, 2023

Global Lithium Resources Limited Appoints Geoffrey Jones as Director

Non-Executive Director recently bought AU$53k worth of stock

Recent updates

New major risk - Financial position

Price target decreased by 9.7% to AU$2.05

New minor risk - Market cap size

Non-Executive Director recently bought AU$164k worth of stock

No longer forecast to breakeven

New minor risk - Shareholder dilution

Global Lithium Resources Limited, Annual General Meeting, Nov 28, 2023

Forecast to breakeven in 2026

New major risk - Revenue and earnings growth

Warrick Hazeldine Retires as A Director of Global Lithium Resources Limited, Effective 9 August 2023

New major risk - Revenue and earnings growth

Price target increased by 7.6% to AU$2.83

Global Lithium Resources Limited, Annual General Meeting, Jul 31, 2023

Global Lithium Resources Limited Appoints Geoffrey Jones as Director

Price target decreased by 13% to AU$2.75

Price target decreased by 10% to AU$3.25

Non-Executive Director recently bought AU$53k worth of stock

Global Lithium Resources Limited Announces the Results of the Scoping Studyon the Manna Lithium Project Located 100Km East of Kalgoorlie, A Major Mining Hub in Western Australia

Global Lithium Resources Limited Announces Further Assay Data Has Been Received for Its 100% Owned Manna Lithium Project, Located 100Km East of Kalgoorlie

Global Lithium Resources Limited Commences Detailed Metallurgical Processing Program for the Manna Lithium Project, Located 100Km East of Kalgoorlie in the Goldfields Region

Global Lithium Resources Limited Appoints Tony Chamberlain as Project Director

Global Lithium Resources Limited Announces Game-Changing Updated JORC Mineral Resource Estimate for its Two 100%-Owned Hard Rock Lithium Projects in Western Australia

Global Lithium Resources Limited (ASX:GL1) completed the acquisition of Manna Lithium Project from Breaker Resources NL (ASX:BRB).

Price target increased to AU$3.50

High number of new and inexperienced directors

Global Lithium Resources Limited Announces Resource Expansion Drilling Program Is Progressing Well At the Now 100% Owned Manna Lithium Project, Located 100Km East of Kalgoorlie

Global Lithium Resources Limited, Annual General Meeting, Nov 24, 2022

No longer forecast to breakeven

An unknown buyer agreed to acquire an unknown stake in Global Lithium Resources Limited (ASX:GL1).

Global Lithium Resources Limited Receives Second Round of Positive Results from Preliminary Metallurgical Test Work At Marble Bar Lithium Project

Price target increased to AU$2.90

Global Lithium Resources Limited Announces the First Diamond Core Drilling Program At Its Manna Lithium Project

Global Lithium Resources Limited Announces Third Rig Mobilises to the Manna Lithium Project

Global Lithium Resources Limited Announces Third Rig Mobilises to the Manna Lithium Project

Global Lithium Resources Limited Announces Positive Initial Metallurgical Test Work Results Received for Marble Bar Lithium Project

Global Lithium Resources Limited Announces Exceptional Manna Drilling Results Include 24m @ 1.03% Li2O

Global Lithium Resources Limited Announces Identification New Lithium Bearing Pegmatite at MBLP

Global Lithium Resources Limited Announces Further Encouraging Results from the Current Drilling Program At the Manna Lithium Project, Located 100Km East of Kalgoorlie

Global Lithium Resources Limited Announces the First Lithium Assay Results from its Initial RC Drilling Program at the Manna Lithium Project

Global Lithium Resources Limited Announces Diamond Drilling Contractor Mobilises to Manna Lithium Project

Global Lithium Resources Limited Announces MBLP Assays Continue to Deliver Exploration Success

Global Lithium Resources Limited Appoints Ron Mitchell as Managing Director, Effective June 1, 2022

Global Lithium Resources Limited Commences RC Drilling at Manna Lithium Project

Global Lithium Resources Limited Announces That Drilling Contractor Mobilised to Manna Lithium Project

Independent Non-Executive Chairman recently sold AU$96k worth of stock

Less than half of directors are independent

Global Lithium Resources Limited, Annual General Meeting, May 11, 2022

Global Lithium Resources Limited Announces Maiden Inferred JORC Mineral Resource Estimate for Its 80%-Owned Manna Lithium Project Located 100Km East of Kalgoorlie in the Goldfields, Western Australia

Global Lithium Resources Limited Appoints Hayley Lawrance as Non-Executive Director

Global Lithium Resources Limited Announces 60,000M Drilling Program Commences at the Marble Bar Lithium Project

Global Lithium Resources Limited (ASX:GL1) completed the acquisition of a 80% stake in Manna Lithium Project from Breaker Resources NL (ASX:BRB) and Breaker Resources Lithium Pty.

Global Lithium Resources Limited (ASX:GL1) agreed to acquire 80% stake in Manna Lithium Project from Breaker Resources NL (ASX:BRB) and Breaker Resources Lithium Pty Ltd for AUD 33 million.

Global Lithium Resources Limited Announces Positive Lithium Assays Results Continue

Global Lithium Resources Limited Announces Positive Lithium Assay Results

Global Lithium Resources Limited Announces Commencement of A CY4Q Exploration Program At Its Marble Bar Lithium Project

Global Lithium Resources Limited (ASX:GL1) completed the acquisition of Tenements E45/4669 and E45/4724 from Fe Limited (ASX:FEL).

Global Lithium Resources Limited Provides an Update on its Diamond Drilling Program at the Company's Wholly Owned MBLP

Global Lithium Resources Limited Provide an Update on Its RC Drilling Program

Global Lithium Resources Limited (ASX:GL1) agreed to acquire Tenements E45/4724 and E45/4669 of Pilbara Exploration from Fe Limited (ASX:FEL) for AUD 0.35 million.

Global Lithium Resources Limited (ASX:GL1) entered into binding agreement to acquire Tenements E45/4724 and E45/4669 from Fe Limited (ASX:FEL) for AUD 0.35 million.

Global Lithium Resources Limited Provides an Update on Its 2021 RC Drilling Program

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure