Riedel Resources Management

Management criteria checks 2/4

Riedel Resources' CEO is David Groombridge, appointed in Mar 2023, has a tenure of 1.17 years. total yearly compensation is A$271.92K, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.072% of the company’s shares, worth A$6.40K. The average tenure of the management team and the board of directors is 0.6 years and 4.5 years respectively.

Key information

David Groombridge

Chief executive officer

AU$271.9k

Total compensation

CEO salary percentage	26.8%
CEO tenure	1.2yrs
CEO ownership	0.07%
Management average tenure	less than a year
Board average tenure	4.5yrs

Recent management updates

Recent updates

We Think Riedel Resources (ASX:RIE) Can Easily Afford To Drive Business Growth

Mar 24

CEO Compensation Analysis

How has David Groombridge's remuneration changed compared to Riedel Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$983k
Sep 30 2023	n/a	n/a	-AU$902k
Jun 30 2023	AU$272k	AU$73k	-AU$820k

Compensation vs Market: David's total compensation ($USD178.74K) is below average for companies of similar size in the Australian market ($USD294.64K).

Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.

CEO

David Groombridge

1.2yrs

Tenure

AU$271,922

Compensation

Mr. David Groombridge, Msc (Economic Geology), MAusIMM served as Exploration Manager at Medallion Metals Limited (formerly, ACH Minerals Pty. Ltd.) until 2023. He serves as Chief Executive Officer at Riede...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Groombridge	Chief Executive Officer	1.2yrs	AU$271.92k	0.072% A$ 6.4k
Susan Field	Chief Financial Officer	less than a year	AU$31.82k	0.058% A$ 5.2k
Maddison Cramer	Joint Company Secretary	less than a year	no data	no data
Marie Forsyth	Joint Company Secretary	less than a year	no data	no data

0.6yrs

Average Tenure

Experienced Management: RIE's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Grant Mooney	Chairman	5.6yrs	AU$49.02k	0.54% A$ 48.3k
Michael Bohm	Non-Executive Director	3.4yrs	AU$225.62k	1.95% A$ 173.0k
Scott Cuomo	Non-Executive Director	6.8yrs	AU$49.02k	1.15% A$ 102.5k
Jason Pater	Non-Executive Director	3.3yrs	AU$44.82k	no data

4.5yrs

Average Tenure

Experienced Board: RIE's board of directors are considered experienced (4.5 years average tenure).

Riedel Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Riedel Resources Limited Announces Executive Changes

Riedel Resources Limited, Annual General Meeting, Nov 28, 2023

No independent directors

No independent directors

Riedel Resources Limited, Annual General Meeting, Nov 23, 2022

No independent directors

Recent updates

Riedel Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5755 million.

Riedel Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5755 million.

Riedel Resources Limited Announces Executive Changes

Riedel Resources Limited, Annual General Meeting, Nov 28, 2023

Riedel Resources Limited Announces Further Gold and Silver Assay Results from Its 23-Hole Drill Program Completed At Its Kingman Project in Arizona, Usa, in Late 2022

Riedel Resources Limited Provides Update on Diamond Drilling, Confirming Shallow High-Grade Gold at Tintic

No independent directors

Riedel Resources Limited Announces Drilling Successfully Completes on Schedule At its Kingman Project in Arizona, USA

No independent directors

Riedel Resources Limited Commence Diamond Drill Program to Early November At Kingman

Riedel Resources Limited, Annual General Meeting, Nov 23, 2022

Riedel Resources Limited Provides Update on Kingman Project in Arizona

Riedel Resources Limited Announces Continued Assay Results from Recent RC Drilling at Kingman Project in Arizona, USA

Riedel Resources Limited Announces Further Assay Results from Its Recently Completed RC Drill Program at Its Kingman Project in Arizona, USA

Riedel Resources Limited Announces Four Additional RC Drill Holes, Drilled at the Tintic Mine Area

No independent directors

Riedel Resources Limited Announces Successfully Completes Drill Program At Kingman Gold Project, Arizona

Riedel Resources Limited Announces Reverse Circulation (RC) Drill Program At the Kingman Gold Project in Arizona, USA Has Progressed as Scheduled During March

Riedel Resources Limited announced that it expects to receive AUD 1.05 million in funding from Flagstaff Minerals Ltd. and other investors

Riedel Confirms High-Grade Silver At Tintic in Addition to High-Grade Gold

Riedel Confirms Broad Zone of Shallow Gold & Silver Mineralisation At the Kingman Project Multiple High-Grade Assays Again Reported

Riedel Resources Limited Announces Initial Assay Results from its Recent Reverse Circulation Drill Program at the Kingman Project in Arizona, USA

Riedel Commences Drilling High-Grade Gold and Silver Targets At Kingman Gold Project

Riedel Resources Limited Announces Reverse Circulation Drill Program At the Kingman Gold Project in Arizona

Riedel Resources Limited Announces Kingman Project Update and Exciting Geophysical Anomalies

We Think Riedel Resources (ASX:RIE) Can Easily Afford To Drive Business Growth

Riedel Resources Limited Provides Kingman Drilling Update

Riedel Resources Limited Provides Update on Reverse Circulation Drill Program at the Kingman Project in Arizona, USA

Riedel Resources Limited Announces the Appointment of Mr. Jason Pater as Non-Executive Director, Effective 1 February 2021

Riedel Resources Limited to Commence Drilling at Kingman Project

Riedel Resources Limited announced that it has received AUD 2 million in funding

Riedel Resources Limited Appoints Mike Bohm as Director

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure