Rincon Resources Management

Management criteria checks 2/4

Rincon Resources' CEO is Gary Harvey, appointed in May 2021, has a tenure of 2.92 years. total yearly compensation is A$367.07K, comprised of 74.9% salary and 25.1% bonuses, including company stock and options. directly owns 0.93% of the company’s shares, worth A$142.39K. The average tenure of the management team and the board of directors is 2.4 years and 2.1 years respectively.

Key information

Gary Harvey

Chief executive officer

AU$367.1k

Total compensation

CEO salary percentage	74.9%
CEO tenure	2.9yrs
CEO ownership	0.9%
Management average tenure	2.4yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gary Harvey's remuneration changed compared to Rincon Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$1m
Sep 30 2023	n/a	n/a	-AU$1m
Jun 30 2023	AU$367k	AU$275k	-AU$1m
Mar 31 2023	n/a	n/a	-AU$1m
Dec 31 2022	n/a	n/a	-AU$1m
Sep 30 2022	n/a	n/a	-AU$1m
Jun 30 2022	AU$321k	AU$270k	-AU$1m
Mar 31 2022	n/a	n/a	-AU$1m
Dec 31 2021	n/a	n/a	-AU$1m
Sep 30 2021	n/a	n/a	-AU$1m
Jun 30 2021	AU$259k	AU$34k	-AU$1m

Compensation vs Market: Gary's total compensation ($USD239.81K) is about average for companies of similar size in the Australian market ($USD292.80K).

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

CEO

Gary Harvey

2.9yrs

Tenure

AU$367,070

Compensation

Mr. Gary Harvey has been Chief Executive Officer at Rincon Resources Limited since May 12, 2021 and its Managing Director & Director since October 01, 2021. Mr. Harvey has experience in gold and nickel exp...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Lenigas	Executive Chairman	1.6yrs	AU$304.40k	1.38% A$ 210.1k
Gary Harvey	CEO, MD & Director	2.9yrs	AU$367.07k	0.93% A$ 142.4k
Zane Lewis	Company Secretary	3.5yrs	no data	no data
Yew Goh	Joint Company Secretary	1.9yrs	no data	no data

2.4yrs

Average Tenure

Experienced Management: RCR's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Lenigas	Executive Chairman	1.6yrs	AU$304.40k	1.38% A$ 210.1k
Gary Harvey	CEO, MD & Director	2.5yrs	AU$367.07k	0.93% A$ 142.4k
Blair Sergeant	Independent Non-Executive Director	3.7yrs	AU$79.39k	1.2% A$ 183.4k
Donald Ian Layman Strang	Independent Non-Executive Director	1.7yrs	AU$131.27k	0.75% A$ 114.8k

2.1yrs

Average Tenure

Experienced Board: RCR's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Rincon Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Rincon Resources Limited, Annual General Meeting, Nov 29, 2023

High number of new directors

High number of new and inexperienced directors

Insider recently bought AU$70k worth of stock

Less than half of directors are independent

Rincon Resources Limited, Annual General Meeting, Nov 30, 2022

Recent updates

Rincon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.43512 million.

Rincon Resources Limited has filed a Follow-on Equity Offering.

Rincon Resources Limited has filed a Follow-on Equity Offering.

New major risk - Shareholder dilution

Rincon Resources Limited, Annual General Meeting, Nov 29, 2023

High number of new directors

New minor risk - Financial data availability

High number of new and inexperienced directors

New minor risk - Share price stability

Rincon Resources Limited Announces Results of an Independent Assessment and Interpretation At Its 100% Owned Kiwirrkurra Iocg Project, Located in the West Arunta Region of Western Australia

Insider recently bought AU$70k worth of stock

Rincon Resources Limited Provides an Update on Its Proposed Exploration Activities At the South-Telfer Copper-Gold Project Located South of Telfer and Havieron in the Paterson Province, Western Australia

Rincon Resources Limited Announces High-Grade Gold Copper Results At West Arunta

Rincon Resources Limited (ASX:RCR) entered into an agreement to acquire Six new granted exploration tenements in Laverton Gold Project from Mining Equities Pty Ltd and Peter Gianni for AUD 0.15 million.

Rincon Resources Limited Announces Results of the Latest Geophysical Modelling at its 100% Owned South Telfer Copper-Gold Project

Rincon Resources Limited Completes Preliminary Site Reconnaissance Rock-Chip Sampling At Its 100% Owned Kiwirrkurra IOCG Project

Less than half of directors are independent

Rincon Resources Limited Receives Preliminary High-Level Report from Independent Consultant Resource Potentials Highlighting the Similarities Between Rincon's Pokali Prospect and Wa1 Resources Limited's New Niobium-REE Discovery at their West Arunta Project

Rincon Resources Limited Receives Consent to Mine Endorsement for Its Granted Tenements and Completed an Aem Survey At Its 100% Owned Kiwirrkurra Iocg Project, Located in the West Arunta Region of Western Australia

Rincon Resources Limited's IOCG Project Gets Ministerial Entry Permit & Successful EIS Application

Rincon Resources Limited, Annual General Meeting, Nov 30, 2022

Rincon Resources Limited Announces `Mammoth' New Copper-Gold Target Southwest of Havieron

Rincon Resources Limited, Annual General Meeting, Oct 28, 2022

Rincon Resources Limited Announces Board Changes

Rincon Resources Limited Announces Board Changes

Rincon Resources Limited Provides South Telfer Diamond Drilling Results & Exploration Update

Rincon Resources Limited Provides an Update on Activities At the South Telfer Copper-Gold Project

Rincon Resources Limited Provides an Update on the Progress of the Company's Phase 2 Drilling Campaign At Its South Telfer Copper-Gold Project

Rincon Resources Limited, Annual General Meeting, Jun 22, 2022

Rincon Resources Limited Announces Appointment of Victor Goh Joint Company Secretary

Less than half of directors are independent

Rincon Resources Limited Reports the Emergence of the Kurili Hill Prospect as a New High-Priority Target Area at its South Telfer Copper-Gold Project

Rincon Resources Limited Announces Diamond Drilling Commences At Hasties

Rincon Resources Limited Reports Initial Results from the Phase 2 Drill Program

Rincon Resources Limited Provides Drilling Update

Rincon Resources Limited Announces Exploration Update

Less than half of directors are independent

Rincon Resources Limited Commences Drilling in Paterson Province

Rincon Resources Limited Provides an Exploration Update for Its Laverton Gold Project Located in the Laverton Gold District

Rincon Resources Limited Announces South Telfer Gold-Copper Project Update

Rincon Resources Limited Provides an Exploration Update for its Laverton Gold and Telfer Gold-Copper Projects in Western Australia

Rincon Resources Limited Provide an Update on Exploration Activities At Its Laverton and South Telfer Projects in Western Australia

Rincon Resources Limited Receives Soil Sampling Results for 770 Soil Samples Collected At Its Laverton Gold Project, Western Australia

Rincon Resources Limited has completed an IPO in the amount of AUD 6 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure