Gateway Mining Management

Management criteria checks 4/4

Gateway Mining's CEO is Mark Cossom, appointed in Feb 2021, has a tenure of 3.58 years. total yearly compensation is A$329.35K, comprised of 88.1% salary and 11.9% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth A$32.57K. The average tenure of the management team and the board of directors is 4.7 years and 3.5 years respectively.

Key information

Mark Cossom

Chief executive officer

AU$329.4k

Total compensation

CEO salary percentage	88.1%
CEO tenure	3.6yrs
CEO ownership	0.3%
Management average tenure	4.7yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Cossom's remuneration changed compared to Gateway Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$2m
Sep 30 2023	n/a	n/a	-AU$1m
Jun 30 2023	AU$329k	AU$290k	-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$411k	AU$290k	-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$314k	AU$275k	-AU$2m
Mar 31 2021	n/a	n/a	-AU$1m
Dec 31 2020	n/a	n/a	-AU$1m
Sep 30 2020	n/a	n/a	-AU$1m
Jun 30 2020	AU$312k	AU$175k	-AU$667k

Compensation vs Market: Mark's total compensation ($USD227.44K) is about average for companies of similar size in the Australian market ($USD311.19K).

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

CEO

Mark Cossom

3.6yrs

Tenure

AU$329,353

Compensation

Mr. Mark Cossom, BSc. (Applied Geology) (Hons), MSc. (Mineral Economics), MAusIMM, served as an Independent Non-Executive Director at Strickland Metals Limited since May 10, 2021 until June 20, 2024. He se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Cossom	MD & Director	3.6yrs	AU$329.35k	0.34% A$ 32.6k
Kar Chua	Company Secretary	6.4yrs	AU$125.05k	0.079% A$ 7.5k
Stuart Stephens	Exploration Manager	4.7yrs	no data	no data

4.7yrs

Average Tenure

Experienced Management: GML's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Cossom	MD & Director	4.9yrs	AU$329.35k	0.34% A$ 32.6k
Peter Lester	Independent Non-Executive Director	2.2yrs	AU$34.43k	0.18% A$ 16.9k
Peter Langworthy	Non-Executive Chair	less than a year	AU$185.00k	2.62% A$ 248.8k
Trent Franklin	Non-Executive Director	11.6yrs	AU$41.45k	2.82% A$ 268.1k

3.5yrs

Average Tenure

Experienced Board: GML's board of directors are considered experienced (3.5 years average tenure).

Gateway Mining Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Gateway Mining Limited, Annual General Meeting, Nov 29, 2023

Less than half of directors are independent

Less than half of directors are independent

Recent updates

New minor risk - Financial data availability

Less than half of directors are independent

Less than half of directors are independent

New major risk - Financial position

Less than half of directors are independent

Gateway Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.547878 million.

Gateway Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.547878 million.

Gateway Mining Limited, Annual General Meeting, Nov 29, 2023

New major risk - Revenue and earnings growth

Less than half of directors are independent

Gateway Mining Limited Announces 2023 Exploration Program Commences at Montague Gold Project

DiscovEx Resources Limited and Gateway Mining Limited Announce Assay Results from Spartan Prospect

Gateway Mining Limited to Target Step-Change Discoveries Across the Montague Project in New Exploration Push

Less than half of directors are independent

DiscovEx Resources Limited Announces Initial Results from Drilling Activities At the Spartan Prospect, Part of an 80:20 Joint Venture with Gateway Mining Limited

Gateway Mining Limited Reports Significant Assay Results from Recent Reverse Circulation Drilling Along Strike and Adjacent to the 99,000 oz Indicated and Inferred Achilles Deposit

Gateway Mining Limited, Annual General Meeting, Nov 23, 2022

Less than half of directors are independent

Gateway Mining Limited Announces Shallow Gold Hits of Up to 8.7g/t Highlight Extensions to Cornerstone Montague-Boulder Deposit

Gateway Mining Limited Reports an Initial Mineral Resource Estimate (MRE) for the Julias Deposit

Gateway Mining Limited Reports Outstanding New High-Grade Assay Results from In-Fill Reverse Circulation (RC) Drilling Completed At Its Emerging Julias Oxide Gold Deposit, Within the 449,000oz1 Gidgee Gold Project in the Murchison Region of Western Australia

Gateway Mining Limited Announces Executive Changes

Gateway Mining Limited Appoints Peter Lester as Director

Gateway Mining Limited Reports Significant Shallow Gold Intercepts from Recent Air-Core Drilling Completed Adjacent to the Achilles/Airport Deposit at its 449,000oz2 Gidgee Gold Project

Gateway Mining Limited Reports Highly Encouraging Initial Assay Results from Air-Core Drilling Completed in March 2022 at Its 449,000Oz1 Gidgee Gold Project Located in the Murchison Region of Western Australia

Less than half of directors are independent

Non-Executive Chairman recently bought AU$60k worth of stock

Gateway Mining Limited Reports Intercepts from Reverse Circulation Drilling at the Julias Target Area, Within its 1,000Km Gidgee Gold Project

Gateway Mining Limited Announces Composite Assay Results Returns from Aircore Drilling Completed At the Octavia Prospect

Gateway Mining Limited Intersects Significant Bedrock Gold Mineralisation in Initial Wide-Spaced Reverse Circulation Drilling at the Kashmir Target

Gateway Mining Limited Provides Update on RC Drilling at the Evermore Deposit

Non-Executive Chairman recently bought AU$232k worth of stock

Gateway Mining Limited Updates on Shallow Oxide Zone Extended At Achilles North

Gateway Mining Limited Commences A New Program of Reverse Circulation Drilling at its 100%-Owned Gidgee Gold Project in the Murchison District of WA

Gateway Mining Limited Reports Initial Results from the Recently Completed 22,000M Air-Core Drilling Program At Gidgee Gold Project in the Murchison District of WA

Non-Executive Chairman recently bought AU$80k worth of stock

Executive Chairman Peter Langworthy has left the company

Gateway Mining Limited Announces Significant New Gold Mineralisation Discovered Between Montague-Boulder and Northeast Pits

Gateway Mining Limited Announces Continuity of High-Grade Mineralisation At Evermore

Gateway Mining Limited's Major New Drilling Campaign Underway at Gidgee

Alto Metals Limited (ASX:AME) signed an agreement to acquire E57/1108 Tenement from Gateway Mining Limited (ASX:GML) for AUD 0.05 million.

Gateway Mining Limited Announces Board Changes

Gateway Mining Limited Announces Significant Extension to High Grade Gold Discovery at Gidgee

Gateway Mining Limited Announces Outstanding High Grade Results at Montague Boulder Deposit

OreCorp Limited (ASX:ORR) signed an agreement to acquire E31/1134 and E31/1150 Tenements from Gateway Mining Limited (ASX:GML) and DiscovEx Resources Limited (ASX:DCX) for AUD 0.2 million.

Gateway Mining Limited Announces New High Grade Zones At Montague, Resource Growth Potential

Gateway Mining Limited Announces Intersection of Significant New Zones of High-Grade Gold Mineralization Between the Cornerstone Whistler and Montague-Boulder Deposits

Gateway Mining Limited Identifies Major New Gold Exploration Opportunity Within Gidgee Gold Project

Gateway Mining Limited Reports Results of Limited Program of Reverse Circulation At Montague

Gateway Mining Limited Announces Shallow Mineralisation At Achilles Target

Gateway Mining Limited announced that it has received AUD 7 million in funding from Harman Family Trust, and other investors

Gateway Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Gateway Mining Limited announced that it expects to receive AUD 7 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure