Orion Minerals Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Errol Smart

Chief executive officer

AU$478.0k

Total compensation

CEO salary percentage	90.3%
CEO tenure	12yrs
CEO ownership	0.4%
Management average tenure	1.8yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Errol Smart's remuneration changed compared to Orion Minerals's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$478k	AU$432k	-AU$5m
Mar 31 2024	n/a	n/a	-AU$9m
Dec 31 2023	n/a	n/a	-AU$13m
Sep 30 2023	n/a	n/a	-AU$14m
Jun 30 2023	AU$405k	AU$322k	-AU$15m
Mar 31 2023	n/a	n/a	-AU$13m
Dec 31 2022	n/a	n/a	-AU$11m
Sep 30 2022	n/a	n/a	-AU$13m
Jun 30 2022	AU$424k	AU$322k	-AU$14m
Mar 31 2022	n/a	n/a	-AU$13m
Dec 31 2021	n/a	n/a	-AU$12m
Sep 30 2021	n/a	n/a	-AU$7m
Jun 30 2021	AU$695k	AU$311k	-AU$2m
Mar 31 2021	n/a	n/a	-AU$7m
Dec 31 2020	n/a	n/a	-AU$13m
Sep 30 2020	n/a	n/a	-AU$15m
Jun 30 2020	AU$575k	AU$293k	-AU$18m
Mar 31 2020	n/a	n/a	-AU$14m
Dec 31 2019	n/a	n/a	-AU$10m
Sep 30 2019	n/a	n/a	-AU$10m
Jun 30 2019	AU$495k	AU$300k	-AU$10m
Mar 31 2019	n/a	n/a	-AU$9m
Dec 31 2018	n/a	n/a	-AU$8m
Sep 30 2018	n/a	n/a	-AU$8m
Jun 30 2018	AU$320k	AU$300k	-AU$8m

Compensation vs Market: Errol's total compensation ($USD313.92K) is about average for companies of similar size in the Australian market ($USD299.41K).

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

CEO

Errol Smart (58 yo)

12yrs

Tenure

AU$478,038

Compensation

Mr. Errol John Smart, ND, NHD, B.Sc. (Hons), PrSciNat, has been the Managing Director and Chief Executive Officer of Orion Minerals Limited (formerly known as Orion Minerals NL) since November 26, 2012. Mr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Errol Smart	MD, CEO & Director	12yrs	AU$478.04k	0.44% A$ 535.6k
Peet Van Coller	Chief Financial Officer	1.6yrs	AU$450.66k	0.0017% A$ 2.1k
Martin Bouwmeester	Company Secretary	no data	AU$124.12k	0.13% A$ 160.2k
Mark Meyer	Executive Operations	no data	no data	no data
Marcus Birch	Executive of Sustainability & Business Support	1.8yrs	no data	no data
John Hunt	Group Consulting Geologist	no data	no data	no data
Pieter Roux	Group Financial Controller	no data	no data	no data

1.8yrs

Average Tenure

Experienced Management: ORN's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Errol Smart	MD, CEO & Director	12yrs	AU$478.04k	0.44% A$ 535.6k
Denis Waddell	Non-Executive Chairman	15.8yrs	AU$183.47k	1.2% A$ 1.5m
Godfrey Gomwe	Independent Non-Executive Director	5.6yrs	AU$62.22k	0.063% A$ 78.1k
Anthony Lennox	Non-Executive Director	less than a year	AU$39.94k	0.019% A$ 23.8k
Mark Palmer	Non-Executive Director	6.8yrs	AU$20.83k	no data
Patience Mpofu	Non-Executive Director	less than a year	AU$41.57k	0.015% A$ 17.9k

6.2yrs

Average Tenure

64yo

Average Age

Experienced Board: ORN's board of directors are considered experienced (6.2 years average tenure).

Orion Minerals Management

Management criteria checks 2/4

Key information

Recent management updates

Orion Minerals Limited, Annual General Meeting, Nov 20, 2024

Orion Minerals Limited Announces Changes in Board Composition

Less than half of directors are independent

Orion Minerals Ltd. Appoints Anthony Lennox and Patience Mpofu as Non-Executive Directors

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Orion Minerals Limited Reports Final Assay Results from the First Drill Hole Completed to Test Down-Dip Continuity in Block of Structurally Uplifted High-Grade Copper Mineralization at Flat Mine South

Orion Minerals Limited, Annual General Meeting, Nov 20, 2024

New major risk - Share price stability

Orion Minerals Limited Reports Final Assay Results from the Confirmation Diamond Drilling Program in the Flat Mines Area at Its Okiep Copper Project (OCP) in the Northern Cape, South Africa

Orion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.69265 million.

Orion Minerals Limited Reports Further Outstanding Assay Results from the Confirmatory Drilling Program in the Flat Mines Area At Its Okiep Copper Project in the Northern Cape, South Africa

Orion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 7.69265 million.

Orion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

Orion Minerals Limited Reports Results from its Confirmation Diamond Drilling Program in the Flat Mines Area at the Okiep Copper Project in the Northern Cape, South Africa

Orion Minerals Limited Announces Changes in Board Composition

Less than half of directors are independent

Orion Minerals Ltd. Appoints Anthony Lennox and Patience Mpofu as Non-Executive Directors

Less than half of directors are independent

Less than half of directors are independent

Orion Minerals Limited Announces Resignation of Tom Borman as Director

Orion Minerals Limited, Annual General Meeting, Nov 28, 2023

New major risk - Financial position

New minor risk - Financial data availability

New minor risk - Financial data availability

Orion's New Okiep Mining Company (Pty) Ltd and Safta for Suite of Minerals

Orion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 12.386497 million.

Insufficient new directors

Orion Minerals Limited announced that it expects to receive AUD 21 million in funding from The Industrial Development Corporation of South Africa Limited

Orion Minerals Limited announced that it has received AUD 0.73 million in funding from Tembo Capital Management Limited

Orion Minerals Limited Announces Chief Financial Officer Changes

Insufficient new directors

The Industrial Development Corporation of South Africa Limited acquired 43.75% stake in New Okiep Mining Company Proprietary Limited from Orion Minerals Limited (ASX:ORN).

Orion Minerals Limited announced that it expects to receive AUD 22 million in funding from The Industrial Development Corporation of South Africa Limited

Orion Minerals Limited Commences Series of Field Trials for the Treatment of Mine Water At the Prieska Copper-Zinc Mine

Orion Minerals Limited, Annual General Meeting, Nov 24, 2022

Orion Minerals Limited Auditor Raises 'Going Concern' Doubt

Orion Minerals Limited Announces Mining Right Granted for Flat Mines Area of Okiep Copper Project, Northern Cape, South Africa

Orion Minerals Limited, Annual General Meeting, Aug 18, 2022

Orion Minerals Limited Provides Prieska Copper-Zinc Project Update

Insufficient new directors

Insufficient new directors

Orion Minerals Limited Makes Significant New Copper Discovery Within Its Okiep Copper Project

Orion Minerals Limited Announces Early Production Assessment for Prieska to Be Fast Tracked

Orion Minerals Limited Advises Initial Drilling Assays from the Maiden Drilling Program at the Okiep Copper Project

Orion Minerals Limited (ASX:ORN) acquired Okiep Copper Project and Assets of Okiep Copper Company from Southern African Tantalum Mining (Pty) Ltd, Nababeep Copper Company (Pty) Ltd, and Bulletrap Copper Company (Pty) Ltd for ZAR 76.5 million.

Orion Minerals Limited Announces High-Priority Drill Targets on Okiep Copper Project

Orion Minerals Limited announced that it expects to receive AUD 0.036 million in funding

Orion Minerals Limited Announces High-Priority Drill Targets Identified Okiep Copper Complex

Orion Minerals Limited Reports Maiden Mineral Resource Estimate for Three Deposits That Form Part of the Okiep Copper Project

Orion Minerals Limited Announces Multiple Copper Sulphide Intercepts Within Large VMS System At Boksputs Opens Up Exciting New Discovery Opportunity

Orion Minerals Limited announced that it expects to receive AUD 0.3465 million in funding

Orion Minerals Limited announced that it expects to receive AUD 6.209237 million in funding from Tembo Capital Management Ltd

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age