Torque Metals Management

Management criteria checks 1/4

Torque Metals' CEO is Cristian Moreno, appointed in Apr 2022, has a tenure of 2.08 years. total yearly compensation is A$391.21K, comprised of 61.3% salary and 38.7% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth A$67.35K. The average tenure of the management team and the board of directors is 1 years and 1.2 years respectively.

Key information

Cristian Moreno

Chief executive officer

AU$391.2k

Total compensation

CEO salary percentage	61.3%
CEO tenure	2.1yrs
CEO ownership	0.3%
Management average tenure	less than a year
Board average tenure	1.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Cristian Moreno's remuneration changed compared to Torque Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$3m
Sep 30 2023	n/a	n/a	-AU$3m
Jun 30 2023	AU$391k	AU$240k	-AU$2m
Mar 31 2023	n/a	n/a	-AU$2m
Dec 31 2022	n/a	n/a	-AU$2m
Sep 30 2022	n/a	n/a	-AU$2m
Jun 30 2022	AU$293k	AU$107k	-AU$2m

Compensation vs Market: Cristian's total compensation ($USD257.16K) is about average for companies of similar size in the Australian market ($USD294.64K).

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

CEO

Cristian Moreno

2.1yrs

Tenure

AU$391,213

Compensation

Mr. Cristian Moreno was Senior Geoscientist of Torque Metals Limited from December 2021 to April 27, 2022 and served as its Chief Executive Officer since April 27, 2022 until October 10, 2022 and serves as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Cristian Moreno	Managing Director	2.1yrs	AU$391.21k	0.29% A$ 67.3k
Jim Kouvoussis	Chief Financial Officer	no data	no data	no data
David Benporath	Senior Geologist	no data	no data	no data
Mareshet Meshesha	Exploration Manager	less than a year	no data	no data
Henko Vos	Company Secretary	less than a year	no data	no data

1.0yrs

Average Tenure

Experienced Management: TOR's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Cristian Moreno	Managing Director	no data	AU$391.21k	0.29% A$ 67.3k
Imants Kins	Director	less than a year	no data	0.18% A$ 41.7k
Antony Lofthouse	Independent Non-Executive Director	4.3yrs	AU$130.80k	0.38% A$ 86.5k
Andrew Woskett	Independent Chairman	1.2yrs	AU$93.22k	0.30% A$ 67.7k

1.2yrs

Average Tenure

Experienced Board: TOR's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.

Torque Metals Management

Management criteria checks 1/4

Key information

Recent management updates

Torque Metals Limited Welcomes the Appointment of Imants Kins as Non-Executive Director

Torque Metals Limited, Annual General Meeting, Nov 29, 2023

Torque Metals Limited Announces Change in Company Secretary

Torque Metals Limited Announces Resignation of Ian Finch as Non-Executive Director

Torque Metals Announces Board Changes

Torque Metals Limited Appoints Cristian Moreno as Managing Director

Recent updates

Torque Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.8155 million.

Torque Metals Limited Welcomes the Appointment of Imants Kins as Non-Executive Director

Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.

Torque Metals Limited, Annual General Meeting, Nov 29, 2023

New major risk - Shareholder dilution

Altan Rio Minerals Limited (TSXV:AMO) signed a conditional sale agreement to acquire Bullfinch Gold Project from Torque Metals Limited (ASX:TOR) for AUD 0.75 million.

Torque Metals Limited Announces Change in Company Secretary

Torque Metals Limited Announces Resignation of Ian Finch as Non-Executive Director

Torque Metals Limited Announces High Grade Assay Results from Its Fifth Drilling Phase At the Company's Wholly Owned Paris Project

Torque Metals Limited Announces Drilling Results Imminent from Paris Gold Project

Torque Metals Limited Announces Significant Rare Earth Potential Discovered At Bullfinch

Torque Metals Limited Expands Paris Gold/Nickel Footprint

Torque Metals Limited Announces Drilling Set to Recommence At 2.5Km Paris Gold Camp

Torque Metals Announces Board Changes

Torque Metals Limited Appoints Cristian Moreno as Managing Director

Torque Metals Limited, Annual General Meeting, Nov 25, 2022

Torque Metals Limited Announces Final Results from Paris Project

Torque Metals Limited Announces Potential to Link Up Paris and HHH Gold Mines

Torque Metals Limited Reports Initial Results from Paris Project

Torque Metals Limited Re-Commences Drilling at Paris Gold Project

Torque Metals Limited Announces Nickel Exploration Commences At Paris Project

Torque Metals Limited Announces Commencement of a Maiden Reverse Circulation Drill Program At Withers Find Prospect At the Bullfinch Project Area in Western Australia

Torque Metals Limited Announces Results from the Phase 3 Drilling Campaign At the Company's Wholly Owned Paris Project, Located to the Southeast of Kalgoorlie on the Richly Gold Endowed Boulder-Lefroy Fault Zone

Torque Metals Limited announced that it expects to receive AUD 3 million in funding

Torque Metals Limited Appoints Cristian Moreno as Chief Executive Officer

Less than half of directors are independent

Torque Metals Limited Announces Nickel Potential Upgraded At Paris

Torque Metals Limited Interprets Results from SkyTEM FAST Airborne Electromagnetic Survey Completes over its Wholly-Owned Paris Project

Torque Metals Limited Announces Emerging High-Grade Gold Zone Adjacent to Paris Pit

Torque Metals Limited Recommences Drilling At Paris Gold Project Discoveries

Torque Metals Limited Announces A New Discovery At its Paris Gold Project

Torque Metals Limited Announces High-Grade Gold Intercepts at Paris Gold Project on the Richly Gold Endowed Boulder-Lefroy Fault Zone, South East of Kalgoorlie

Torque Metals Limited Provides an Update to the Follow-Up Reverse Circulation Drilling Campaign At the Paris Gold Project

Torque Metals Limited Announce First Pass Drilling at the Paris Gold Project Within the Boulder-Lefroy Fault Zone

Torque Metals Limited Provides Update Regarding the First Phase Drilling Campaign At the Paris Gold Project

Torque Metals Limited Provides an Update to Its Initial Reverse Circulation Drilling Program At the Paris Gold Project in Western Australia

Torque Metals Limited has completed an IPO in the amount of AUD 7 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure