Orion Minerals Management

Management criteria checks 3/4

Orion Minerals' CEO is Errol Smart, appointed in Nov 2012, has a tenure of 11.58 years. total yearly compensation is A$405.33K, comprised of 79.4% salary and 20.6% bonuses, including company stock and options. directly owns 0.47% of the company’s shares, worth A$426.38K. The average tenure of the management team and the board of directors is 1.4 years and 5.8 years respectively.

Key information

Errol Smart

Chief executive officer

AU$405.3k

Total compensation

CEO salary percentage	79.4%
CEO tenure	11.6yrs
CEO ownership	0.5%
Management average tenure	1.4yrs
Board average tenure	5.8yrs

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
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
Mar 31 2018	n/a	n/a	-AU$9m
Dec 31 2017	n/a	n/a	-AU$10m
Sep 30 2017	n/a	n/a	-AU$9m
Jun 30 2017	AU$339k	AU$250k	-AU$8m

Compensation vs Market: Errol's total compensation ($USD270.37K) is about average for companies of similar size in the Australian market ($USD297.62K).

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

CEO

Errol Smart (57 yo)

11.6yrs

Tenure

AU$405,333

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	11.6yrs	AU$405.33k	0.47% A$ 426.4k
Peet Van Coller	Chief Financial Officer	1.2yrs	AU$642.79k	0.0019% A$ 1.7k
Martin Bouwmeester	Company Secretary	no data	AU$297.45k	0.15% A$ 133.5k
Mark Meyer	Executive Operations	no data	no data	no data
Marcus Birch	Executive of Sustainability & Business Support	1.4yrs	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

1.4yrs

Average Tenure

Experienced Management: ORN's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Errol Smart	MD, CEO & Director	11.6yrs	AU$405.33k	0.47% A$ 426.4k
Denis Waddell	Independent Non-Executive Chairman	15.3yrs	AU$129.60k	1.34% A$ 1.2m
Godfrey Gomwe	Independent Non-Executive Director	5.2yrs	AU$50.00k	0.059% A$ 53.8k
Anthony Lennox	Non-Executive Director	less than a year	no data	0.014% A$ 12.4k
Mark Palmer	Non-Executive Director	6.4yrs	AU$50.00k	no data
Patience Mpofu	Non-Executive Director	less than a year	no data	0.010% A$ 9.3k

5.8yrs

Average Tenure

64yo

Average Age

Experienced Board: ORN's board of directors are considered experienced (5.8 years average tenure).

Orion Minerals Management

Management criteria checks 3/4

Key information

Recent management updates

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

Recent updates

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