Thor Energy Management

Management criteria checks 4/4

Thor Energy's CEO is Nicole Warland, appointed in Apr 2021, has a tenure of 3.08 years. total yearly compensation is £144.00K, comprised of 90.3% salary and 9.7% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth A$7.17K. The average tenure of the management team and the board of directors is 10.1 years and 3.4 years respectively.

Key information

Nicole Warland

Chief executive officer

UK£144.0k

Total compensation

CEO salary percentage	90.3%
CEO tenure	3.1yrs
CEO ownership	0.1%
Management average tenure	10.1yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nicole Warland's remuneration changed compared to Thor Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-UK£3m
Sep 30 2023	n/a	n/a	-UK£2m
Jun 30 2023	UK£144k	UK£130k	-UK£520k
Mar 31 2023	n/a	n/a	-UK£499k
Dec 31 2022	n/a	n/a	-UK£478k
Sep 30 2022	n/a	n/a	-UK£865k
Jun 30 2022	UK£219k	UK£127k	-UK£1m
Mar 31 2022	n/a	n/a	-UK£2m
Dec 31 2021	n/a	n/a	-UK£2m
Sep 30 2021	n/a	n/a	-UK£2m
Jun 30 2021	UK£450k	UK£82k	-UK£2m

Compensation vs Market: Nicole's total compensation ($USD180.50K) is below average for companies of similar size in the Australian market ($USD292.20K).

Compensation vs Earnings: Nicole's compensation has been consistent with company performance over the past year.

CEO

Nicole Warland (55 yo)

3.1yrs

Tenure

UK£144,000

Compensation

Ms. Nicole Galloway Warland, B.Sc. Geo(Hons), MAIG, FGAA, serves as Managing Director and Director of Thor Energy Plc (formerly known as Thor Mining PLC) since April 21, 2021 and served as its Exploration...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nicole Warland	MD & Director	3.1yrs	UK£144.00k	0.12% £ 7.2k
Raymond Ridge	CFO & Joint Company Secretary	10.1yrs	UK£47.00k	no data
Stephen Ronaldson	Joint Company Secretary	16.8yrs	no data	no data

10.1yrs

Average Tenure

Experienced Management: THR's management team is seasoned and experienced (10.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nicole Warland	MD & Director	3.1yrs	UK£144.00k	0.12% £ 7.2k
Stephen Ronaldson	Joint Company Secretary	10.7yrs	no data	no data
Alastair Clayton	Independent Non-Executive Chairman	2.6yrs	UK£28.00k	no data
Mark McGeough	Independent Non-Executive Director	3.8yrs	UK£34.00k	0.092% £ 5.6k

3.4yrs

Average Tenure

61.5yo

Average Age

Experienced Board: THR's board of directors are considered experienced (3.4 years average tenure).

Thor Energy Management

Management criteria checks 4/4

Key information

Recent management updates

Thor Energy Plc, Annual General Meeting, Nov 29, 2023

Thor Mining PLC, Annual General Meeting, Jan 04, 2023

Thor Mining PLC, Annual General Meeting, Nov 17, 2022

Thor Mining PLC, Annual General Meeting, Nov 17, 2022

Thor Mining plc Announces Directors Change

Thor Mining PLC Announces Management Changes

Recent updates

Thor Energy Plc, Annual General Meeting, Nov 29, 2023

Thor Mining plc Provides Uranium Drilling Results from the Recently Completed Drilling Program At the 100%-Owned Wedding Bell and Radium Mountain Projects

Thor Mining plc Announces Drilling Results and Correction to Prior Result

Thor Mining plc Provides an Exploration Update on Rock Chip Sampling at the Kelly's NE Prospect at the Company's Ragged Range Project

Thor Mining PLC, Annual General Meeting, Jan 04, 2023

Thor Mining PLC Provides Initial Drill Results from Kelly's Ridge Prospect, Ragged Range, Located in the Eastern Pilbara, Western Australia

Thor Mining PLC Provides Exploration Update for the Ragged Range Project, in the Eastern Pilbara, Western Australia

Thor Mining PLC, Annual General Meeting, Nov 17, 2022

Thor Mining PLC, Annual General Meeting, Nov 17, 2022

Thor Mining plc Commences Drilling Program At 100% Owned Kelly's Prospect Within the Ragged Range Project, Located in Eastern Pilbara, Western Australia

Thor Mining PLC Announces Uranium Drilling Commences Wedding Bell Project USA

Thor Mining PLC Announces Anomalous Nickel Assays Results from RC Drilling Have Been Returned and That an Off-Hole Conductive Anomaly Has Been Identified from A Subsequent Down-Hole Electromagnetic Geophysics Survey At the Krona Prospect

Thor Mining plc Provides an Exploration Update on the Company's 100% Owned Wedding Bell and Radium Mountain Uranium and Vanadium Projects in the Uravan Mineral Belt, USA, Ragged Range Gold-Nickel Project in the Pilbara, WA and Molyhil Tungsten-Molybdenum Project, NT

ThorThor Mining PLC Announces Commencement of Close Spaced Airborne Survey over the North-Eastern Portion of the it's 100% Owned Ragged Range Project, Located in Eastern Pilbara, Western Australia

Thor Mining PLC Announces Molyhil Extension Drilling Update, Molyhil Project NT

Thor Mining plc Provides an Exploration Update on Sampling and Mapping Programs At 100% Owned Ragged Range Project, Located in Eastern Pilbara, Western Australia

Thor Mining PLC Announces the Completion of the Drilling Program at it's 100% Owned Ragged Range Project, Located in Eastern Pilbara, Western Australia

Thor Mining PLC Announces the Completion of the Drilling Program at it's 100% Owned Ragged Range Project, Located in Eastern Pilbara, Western Australia

Thor Mining plc Announces Directors Change

Thor Mining PLC Announces Uranium and Vanadium Drilling Approvals Received, USA

Thor Mining plc Commences Drilling Program At Ragged Range Project, Located in Eastern Pilbara, Western Australia

Thor Mining plc Completes Electromagnetic Geophysics Survey over the Nickel Gossan At the Krona Prospect

Thor Mining plc Announces Electromagnetic Geophysics Survey over the Nickel Gossan Now Referred to as the Krona Prospect Has Commenced At the 100% Owned Ragged Range Project, Located in the Eastern Pilbara, Western Australia

Thor Mining plc Provides Significant Update on the Wedding Bell Project, Located in the Uranium-Vanadium Mining District Within the Uravan Mineral Belt, Southwest Colorado, USA

Thor Mining PLC Announces Lithium Field Program Commences, Ragged Range, WA

Thor Mining plc Provides an Update on the Alford East Copper-Gold Project, South Australia

Thor Mining plc Provides an Exploration Update on the Lithium Prospectivity at the Ragged Range Project

Thor Mining PLC Provides Gold Exploration Update, Ragged Range WA

Thor Mining plc Announces Third Follow Up Diamond Drillhole (21MHDD003) At the Molyhil Critical Minerals Project, Northern Territory

Thor Mining Plc Provides Update on Diamond Drilling Program At Northern Territory

Thor Mining PLC Announces Completion of Initial Drilling Program

Thor Mining PLC has completed a Follow-on Equity Offering in the amount of £0.8 million.

Thor Mining PLC Announces Ragged Range Exploration Update

Thor Mining PLC Announces Drilling Commences at Alford East Copper-Gold ISR Project, South Australia

Thor Mining plc Announces Successful Application of the Molyhil Project as Part of Round 14 Geophysics and Drilling Collaborations (GDC) Program

Thor Mining Plc Announces the Successful Application of the Alford East Copper-Gold Project as Part of Round 2 of the Accelerated Discovery Initiative

Thor Mining plc Provides Exploration Update on U.S. Uranium-Vanadium Project

Thor Mining PLC Announces Maiden Copper-Gold Mineral Resource Estimate Alford East ISR Project, South Australia

Thor Mining PLC (AIM:THR) completed the acquisition of E46/1340 and E46/1354 from Redstone Metals Pty Ltd.

Thor Mining PLC (AIM:THR) signed a non-binding Term Sheet to acquire E46/1340 and E46/1354 from Redstone Metals Pty Ltd. for AUD 0.76 million.

Thor Mining PLC Announces Management Changes

Thor Mining PLC Announces Completion of the Third Phase of Gold Geochemistry Reconnaissance at the 100% Owned Pilbara Goldfield Tenements in Western Australia

Thor Mining plc Announces Pilbara Goldfields Ragged Range Project Historic Stream Sediment Samples Correlate with 13Km Gold Trend

Thor Mining plc Commences Close Spaced Airborne Magnetics Survey over the 100% Owned Ragged Range Project

Thor Mining PLC (AIM:THR) acquired American Vanadium Pty Ltd from Coral Brook Pty Ltd, Celtic Capital Pty. Ltd., Paranoid Enterprises Pty Ltd and Hollywood Marketing (WA) Pty Ltd. for AUD 0.27 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age