Vault Minerals Management

Management criteria checks 1/4

Vault Minerals' CEO is Luke Tonkin, appointed in Jun 2024, has a tenure of less than a year. total yearly compensation is A$35.40K, comprised of 90.1% salary and 9.9% bonuses, including company stock and options. directly owns 0.092% of the company’s shares, worth A$2.17M. The average tenure of the management team and the board of directors is 0.4 years and 0.9 years respectively.

Key information

Luke Tonkin

Chief executive officer

AU$35.4k

Total compensation

CEO salary percentage	90.1%
CEO tenure	less than a year
CEO ownership	0.09%
Management average tenure	less than a year
Board average tenure	less than a year

Recent management updates

Recent updates

Red 5 Limited's (ASX:RED) Price Is Right But Growth Is Lacking

Jun 03

Here's Why Red 5 (ASX:RED) Can Manage Its Debt Responsibly

Apr 18

Red 5 Limited (ASX:RED) Shares Could Be 46% Below Their Intrinsic Value Estimate

Jan 24

Is Red 5 (ASX:RED) Using Too Much Debt?

Oct 31

New Forecasts: Here's What Analysts Think The Future Holds For Red 5 Limited (ASX:RED)

Mar 01

Is Red 5 (ASX:RED) Using Too Much Debt?

Sep 04

An Intrinsic Calculation For Red 5 Limited (ASX:RED) Suggests It's 25% Undervalued

May 09

We Think Red 5 (ASX:RED) Can Stay On Top Of Its Debt

Mar 15

Does Red 5's (ASX:RED) Statutory Profit Adequately Reflect Its Underlying Profit?

Feb 16

Red 5 Limited's (ASX:RED) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

Jan 26

CEO Compensation Analysis

How has Luke Tonkin's remuneration changed compared to Vault Minerals's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$35k	AU$32k	-AU$5m

Compensation vs Market: Luke's total compensation ($USD23.00K) is below average for companies of similar size in the Australian market ($USD1.46M).

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

CEO

Luke Tonkin (60 yo)

less than a year

Tenure

AU$35,400

Compensation

Mr. Luke Tonkin, BEng, MAusIMM, AICD, Min Eng, is Managing Director, Chief Executive Officer & Director of Vault Minerals Limited (formerly known as Red 5 Limited) from June 19, 2024. Mr. Tonkin has been D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Luke Tonkin	MD, CEO & Director	less than a year	AU$35.40k	0.092% A$ 2.2m
Struan Richards	Chief Financial Officer	less than a year	AU$16.27k	0.028% A$ 655.5k
Richard Hay	Chief Operating Officer	2yrs	AU$1.58m	0.054% A$ 1.3m
David Berg	General Counsel & Company Secretary	less than a year	AU$15.37k	0.073% A$ 1.7m
Len Eldridge	Corporate Development Officer	less than a year	AU$15.07k	0.054% A$ 1.3m
Phillip Stevenson	Exploration & Geology Manager	less than a year	no data	no data

0.4yrs

Average Tenure

Experienced Management: VAU's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Luke Tonkin	MD, CEO & Director	less than a year	AU$35.40k	0.092% A$ 2.2m
Peter Johnston	Independent Non-Executive Director	1.3yrs	AU$122.10k	0.079% A$ 1.8m
Ian MacPherson	Independent Non-Executive Director	10.6yrs	AU$127.65k	0.030% A$ 706.4k
David Quinlivan	Independent Non-Executive Director	less than a year	AU$10.11k	0.00037% A$ 8.7k
Kelvin Flynn	Independent Non-Executive Director	less than a year	AU$5.83k	no data
Russell St Clark	Independent Non-Executive Chair	1.3yrs	AU$190.09k	no data
Andrea Sutton	Independent Non-Executive Director	4yrs	AU$149.85k	0.0073% A$ 172.5k
Rebecca Prain	Independent Non-Executive Director	less than a year	AU$5.83k	no data

0.9yrs

Average Tenure

66yo

Average Age

Experienced Board: VAU's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.

Vault Minerals Management

Management criteria checks 1/4

Key information

Recent management updates

Vault Minerals Limited, Annual General Meeting, Nov 22, 2024

Red 5 Limited Announces Resignation of Lisa Wynne as Company Secretary

MD & CEO recently sold AU$2.3m worth of stock

Less than half of directors are independent

Red 5 Limited Announces Executive Changes

MD & Executive Director exercised options to buy AU$188k worth of stock.

Recent updates

Vault Minerals Limited, Annual General Meeting, Nov 22, 2024

Price target decreased by 8.9% to AU$0.43

Consensus EPS estimates increase by 11%

Red 5 Limited Announces Resignation of Lisa Wynne as Company Secretary

MD & CEO recently sold AU$2.3m worth of stock

Red 5 Limited (ASX:RED) completed the acquisition of Silver Lake Resources Limited (ASX:SLR) in a merger of equals transaction

Less than half of directors are independent

New major risk - Shareholder dilution

Red 5 Limited Announces Executive Changes

Price target increased by 8.0% to AU$0.47

Red 5 Limited's (ASX:RED) Price Is Right But Growth Is Lacking

Consensus EPS estimates increase by 17%

Here's Why Red 5 (ASX:RED) Can Manage Its Debt Responsibly

Price target increased by 9.6% to AU$0.43

Price target increased by 9.9% to AU$0.39

Red 5 Limited to Report Q3, 2024 Results on Apr 24, 2024

First half 2024 earnings released: EPS: AU$0.008 (vs AU$0.011 loss in 1H 2023)

Red 5 Limited (ASX:RED) entered into a binding Scheme Implementation Deed to acquire Silver Lake Resources Limited (ASX:SLR) in a merger of equals transaction for AUD 1.1 billion.

Red 5 Limited (ASX:RED) Shares Could Be 46% Below Their Intrinsic Value Estimate

Red 5 Limited Provides Production Guidance for the Fiscal Year 2024

MD & Executive Director exercised options to buy AU$188k worth of stock.

Is Red 5 (ASX:RED) Using Too Much Debt?

Red 5 Limited Provides Production Guidance for the Year 2024

Red 5 Limited to Report Q1, 2024 Results on Oct 18, 2023

Price target increased by 16% to AU$0.34

Silver Lake Resources Limited (ASX:SLR) acquired 11% stake in Red 5 Limited (ASX:RED).

Red 5 Limited, Annual General Meeting, Nov 06, 2023

Red 5 Limited Announces Board Retirements, Effective 6 November 2023

Red 5 Limited Announces CFO Changes

Price target increased by 8.3% to AU$0.30

New major risk - Revenue and earnings growth

Red 5 Limited to Report Fiscal Year 2023 Results on Aug 29, 2023

Red 5 Limited Announces Company Secretary Changes

Less than half of directors are independent

Red 5 Limited Appoints Peter Johnston as Non-Executive Director

Red 5 Limited to Report Q4, 2023 Results on Jul 27, 2023

Red 5 Limited Provides Production Guidance for Second Half of Fiscal Year 2023

Independent Non-Executive Director recently bought AU$67k worth of stock

New Forecasts: Here's What Analysts Think The Future Holds For Red 5 Limited (ASX:RED)

First half 2023 earnings released: AU$0.011 loss per share (vs AU$0.011 loss in 1H 2022)

Price target decreased by 24% to AU$0.28

Red 5 Limited Provides an Operational Update At the King of the Hills (KOTH) Gold Mine, Located in the Eastern Goldfields Region of Western Australia

Red 5 Limited Announces Positive Exploration Drilling Results At Yandal South

Red 5 Limited Announces Outstanding Drill Results from King of the Hills

Red 5 Limited Provides Production Guidance for the Six Months from 1 January 2023 to 30 June 2023

Red 5 Limited Announces High Grade Drilling Results At Darlot Mine

Red 5 Limited Provides Gold Production Guidance for the Six Months from 1 January 2023 to 30 June 2023

Red 5 Limited Announces the Resignation of Fiona Harris, Non-Executive Director

Red 5 Limited has completed a Follow-on Equity Offering in the amount of AUD 60 million.

Red 5 Limited Provides the Update for its King of the Hills (Koth) Gold Mine

Red 5 Limited Elects Fiona Harris as Director

Price target decreased to AU$0.37

Red 5 Limited, Annual General Meeting, Oct 25, 2022

Red 5 Limited Updates Ore Reserve and Mineral Resource Statement for King of Hills and Darlot Gold Mining Operations in Eastern Goldfields Region of Western Australia

Is Red 5 (ASX:RED) Using Too Much Debt?

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Red 5 Limited Provides Production and Sales Guidance for the Year 2022

Red 5 Limited Announces Executive Changes

Price target decreased to AU$0.43

Red 5 Limited Announces the Appointment of Fiona Harris Am as Non-Executive Director

Red 5 Limited Completes the First Gold Pour At the 100%-Owned 2.4Moz, 16-Year Life-Of-Mine King of the Hills Gold Project in Western Australia

Red 5 Limited Advises That First Ore Has Commenced Being Processed Through the 4.7Mtpa Processing Plant At King of the Hills (Koth) Gold Project in Western Australia

Red 5 Limited to Report Q3, 2022 Results on Apr 28, 2022

Red 5 Limited Announces Underground Mining Recommences While Process Plant Commissioning Advances At King of the Hills

Price target increased to AU$0.44

First half 2022 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 33%

Red 5 Limited Announces High Grade Results At Darlot Underground Mine

Red 5 Limited Announces Commissioning of Crushing Circuit At King of the Hills