Latin Resources Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Chris Gale

Chief executive officer

AU$5.1m

Total compensation

CEO salary percentage	9.7%
CEO tenure	16yrs
CEO ownership	0.6%
Management average tenure	4.7yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

We're Keeping An Eye On Latin Resources' (ASX:LRS) Cash Burn Rate

Feb 05

Latin Resources Limited (ASX:LRS) Shares Could Be 30% Below Their Intrinsic Value Estimate

Dec 08

CEO Compensation Analysis

How has Chris Gale's remuneration changed compared to Latin Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	AU$5m	AU$498k	-AU$19m
Sep 30 2023	n/a	n/a	-AU$15m
Jun 30 2023	n/a	n/a	-AU$10m
Mar 31 2023	n/a	n/a	-AU$9m
Dec 31 2022	AU$2m	AU$410k	-AU$7m
Sep 30 2022	n/a	n/a	-AU$6m
Jun 30 2022	n/a	n/a	-AU$5m
Mar 31 2022	n/a	n/a	-AU$5m
Dec 31 2021	AU$741k	AU$359k	-AU$4m
Jun 30 2021	n/a	n/a	-AU$5m
Mar 31 2021	n/a	n/a	-AU$4m
Dec 31 2020	AU$1m	AU$270k	-AU$2m
Jun 30 2020	n/a	n/a	-AU$3m
Mar 31 2020	n/a	n/a	-AU$4m
Dec 31 2019	AU$377k	AU$295k	-AU$4m
Sep 30 2019	n/a	n/a	-AU$5m
Jun 30 2019	n/a	n/a	-AU$5m
Mar 31 2019	n/a	n/a	-AU$5m
Dec 31 2018	AU$659k	AU$300k	-AU$6m
Sep 30 2018	n/a	n/a	-AU$5m
Jun 30 2018	n/a	n/a	-AU$4m
Mar 31 2018	n/a	n/a	-AU$3m
Dec 31 2017	AU$492k	AU$313k	-AU$2m

Compensation vs Market: Chris's total compensation ($USD3.38M) is above average for companies of similar size in the Australian market ($USD772.44K).

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

CEO

Chris Gale

16yrs

Tenure

AU$5,134,266

Compensation

Mr. Christopher Peter Gale, also known as Chris, serves as the Executive Chairman of OAR Resources Limited (formerly known as Oakdale Resources Limited) since May 16, 2019 and has been its Executive Direct...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Gale	MD & Executive Director	16yrs	AU$5.13m	0.58% A$ 3.8m
Mitchell Thomas	Chief Financial Officer	1.3yrs	AU$428.36k	0.022% A$ 146.4k
Peter Oliver	Executive Director	less than a year	AU$2.00m	0.39% A$ 2.6m
Sarah Smith	Company Secretary	8.1yrs	AU$76.61k	0% A$ 0

4.7yrs

Average Tenure

Experienced Management: LRS's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Gale	MD & Executive Director	16yrs	AU$5.13m	0.58% A$ 3.8m
Peter Oliver	Executive Director	1.7yrs	AU$2.00m	0.39% A$ 2.6m
David Vilensky	Independent Non-Executive Chairman	15.7yrs	AU$1.27m	0.77% A$ 5.1m
Pablo Tarantini	Non-Executive Director	3.6yrs	AU$1.26m	0.24% A$ 1.6m
Brent Jones	Independent Non-Executive Director	8.8yrs	AU$1.26m	1.89% A$ 12.5m

8.8yrs

Average Tenure

Experienced Board: LRS's board of directors are considered experienced (8.8 years average tenure).

Latin Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Latin Resources Limited, Annual General Meeting, May 30, 2024

Independent Non-Executive Chairman recently sold AU$371k worth of stock

Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development Committee

Independent Non-Executive Director recently sold AU$150k worth of stock

Independent Non-Executive Chairman exercised options and sold AU$118k worth of stock

Recent updates

Less than half of directors are independent

New major risk - Financial position

No longer forecast to breakeven

Latin Resources Limited, Annual General Meeting, May 30, 2024

Independent Non-Executive Chairman recently sold AU$371k worth of stock

Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development Committee

We're Keeping An Eye On Latin Resources' (ASX:LRS) Cash Burn Rate

New major risk - Share price stability

Forecast to breakeven in 2026

New major risk - Revenue and earnings growth

Latin Resources Limited (ASX:LRS) Shares Could Be 30% Below Their Intrinsic Value Estimate

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million.

Price target increased by 37% to AU$0.69

New major risk - Revenue and earnings growth

Independent Non-Executive Director recently sold AU$150k worth of stock

New major risk - Share price stability

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Price target increased by 11% to AU$0.26

Forecast to breakeven in 2025

Latin Resources Limited Provides the Latest Assay Results and an Update on the Progress of the 2023 Drilling Campaign At the Company's 100% Owned Colina Lithium Deposit

Latin Resources Limited Provide an Update on the Expansion of the Salinas Lithium Project in Brazil

Companies Like Latin Resources (ASX:LRS) Are In A Position To Invest In Growth

Latin Resources Limited Announces Exceptional Assay Results from Colina West Potential

Independent Non-Executive Chairman exercised options and sold AU$118k worth of stock

Latin Resources Limited Commences the 2023 Drilling Program At Salinas Lithium Project

Forecast to breakeven in 2025

Independent Non-Executive Director exercised options to buy AU$1.4m worth of stock.

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At High-Grade Colina Lithium Prospect

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces the Completion of It's Mineral Resource Update for the 100% Owned Cloud Nine Halloysitekaolin Deposit in Western Australia

Latin Resources Limited Announces Catamarca Exploration Update & Drilling at MT 03 Project Peru

Latin Resources Limited Reports Results from the Recent Rare Earth Element at its 100% Owned Cloud Nine Halloysite-Kaolin Deposit in Western Australia

Latin Resources Limited Announces Final Assay Results from Colina Resource Drilling in Brazil

Latin Resources Limited Announces Discovery of A New Lithium Mineralised Zone, Some 500M West of the Colina Prospect

We Think Latin Resources (ASX:LRS) Can Afford To Drive Business Growth

Latin Resources Limited Updates on Resource Definition Drilling and Other Studies Currently Ongoing At Highgrade Colina Lithium Prospect

Latin Resources Limited Provides Update on the Preliminary "Sighter" Metallurgical Test Work Completed on Drill Core from the High-Grade Salinas Lithium Project

Latin Resources Limited Confirms Significant New Discovery At Colina West

Latin Resources Limited Announces Commencement of Feasibility Studies for Salinas Project

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At the Company's 100% Owned Highgrade Colina Lithium Prospect

Latin Resources Limited Secures New Colina Extension Doubles Strike Length

Latin Resources Limited (ASX:LRS) agreed to acquire Peep O’Day gold prospect of Mining and Energy Group Pty Ltd. for AUD 0.41 million.

Latin Resources Limited Updates Outstanding Kaolin Brightness Results from Cloud Nine Infill Drilling

Latin Resources Limited Advises the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect

Latin Resources Limited Provides the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect in Brazil

Latin Resources Limited Provides Brazil Resource Definition Drilling Update

Latin Resources Limited Announces the Commencement of Resource Definition Drilling Campaign

Latin Resources Limited Continues to Expand High-Grade Salinas Lithium Project

Latin Resources Limited, Annual General Meeting, May 30, 2022

Latin Resources Limited Announces Diamond Drill Testing of High-Grade Outcropping Lithium Pegmatites At the Company's Second Prospect Area, the Monte Alto Prospect in Brazil

Latin Resources Limited Announces New Drilling Results at Salinas Lithium Project

Latin Resources Limited Announces the First Assay Results from Drilling at the Salinas Lithium Project in Brazil

Independent Non-Executive Director exercised options to buy AU$252k worth of stock.

Latin Resources Limited Confirms the Ongoing Diamond Drilling Campaign at the Salinas Lithium Project in Brazil

Latin Resources Limited Commences Drilling at Salinas Lithium Project in Brazil

Latin Resources Limited Confirms Arrival of Two Diamond Drill Rigs on Site and to Commence Drilling over the Next Few Days on its Salinas Lithium Project in Brazil

Latin Resources Limited Announces High-Grade Results from Cloud Nine Halloysite-Kaolin Deposit

Latin Resources Limited Announces Diamond Drilling Set to Commence on Brazil Lithium Projects

We Think Latin Resources (ASX:LRS) Needs To Drive Business Growth Carefully

Latin Resources Limited Releases an Update on Its Mostazal Copper Project in Northern Chile

Latin Resources Limited Provides Update on Salinas Lithium Project in Brazil

Here's Why We're Watching Latin Resources' (ASX:LRS) Cash Burn Situation

Latin Resources Limited Provides an Update of Recent and Ongoing Activities At the Company's Salinas Lithium Project

Latin Resources Limited Receives Results from First Pass Reconnaissance Rock Chip Sampling from the Peep O'day Prospect

Latin Resources Limited Commences Drilling At Noombenberry Kaolin-Halloysite Project

Latin Resources Limited Secures Additional Tenements in the Lachlan Fold Belt

Latin Resources Limited Announces Maiden JORC Mineral Resource - Noombenberry Project