Awalé Resources Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Andrew Chubb

Chief executive officer

US$180.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	less than a year
CEO ownership	2.1%
Management average tenure	no data
Board average tenure	less than a year

Recent management updates

Recent updates

Have Insiders Been Buying Awalé Resources Limited (CVE:ARIC) Shares This Year?

Jan 22

CEO Compensation Analysis

How has Andrew Chubb's remuneration changed compared to Awalé Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$1m
Sep 30 2023	n/a	n/a	-US$8m
Jun 30 2023	n/a	n/a	-US$9m
Mar 31 2023	n/a	n/a	-US$9m
Dec 31 2022	US$180k	US$180k	-US$8m
Sep 30 2022	n/a	n/a	-US$1m
Jun 30 2022	n/a	n/a	-US$2m
Mar 31 2022	n/a	n/a	-US$2m
Dec 31 2021	US$180k	US$180k	-US$2m
Sep 30 2021	n/a	n/a	-US$2m
Jun 30 2021	n/a	n/a	-US$1m
Mar 31 2021	n/a	n/a	-US$922k
Dec 31 2020	US$180k	US$180k	-US$792k
Sep 30 2020	n/a	n/a	-US$683k
Jun 30 2020	n/a	n/a	-US$600k
Mar 31 2020	n/a	n/a	-US$615k
Dec 31 2019	US$180k	US$180k	-US$667k
Sep 30 2019	n/a	n/a	-US$767k
Jun 30 2019	n/a	n/a	-US$912k
Mar 31 2019	n/a	n/a	-US$1m
Dec 31 2018	US$180k	US$180k	-US$1m

Compensation vs Market: Andrew's total compensation ($USD180.00K) is about average for companies of similar size in the Canadian market ($USD176.30K).

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

CEO

Andrew Chubb

less than a year

Tenure

US$180,000

Compensation

Mr. Andrew Chubb, BSc serves as Chief Executive Officer and Director at Awalé Resources Limited since May 24, 2023. He was with Honours Geology, Member of Australian Institute of Geologists (AIG), serves a...

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Chubb	CEO & Director	less than a year	US$180.00k	2.11% $ 1.3m
Charles Beaudry	Independent Non-Executive Director	less than a year	no data	0.98% $ 614.2k
Stephen Stewart	Director	less than a year	no data	1.62% $ 1.0m
Robin Birchall	Independent Non-Executive Chairman	1.5yrs	US$1.67k	0.11% $ 69.3k
Derk Hartman	Independent Non-Executive Director	6.4yrs	US$40.00k	1.05% $ 657.5k

1.0yrs

Average Tenure

53yo

Average Age

Experienced Board: ARIC's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.

Awalé Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Non-Executive Chairman exercised options and sold CA$140k worth of stock

CEO & Director exercised options to buy CA$248k worth of stock.

High number of new and inexperienced directors

Awalé Resources Limited, Annual General Meeting, Sep 06, 2023

Less than half of directors are independent

Awalé Resources Limited Announces Appointment of Robin Birchall as Independent Non-Executive Chair

Recent updates

Awalé Resources Limited announced that it has received CAD 10.0006 million in funding

Awalé Resources Limited announced that it expects to receive CAD 10.0006 million in funding

New minor risk - Insider selling

Independent Non-Executive Chairman exercised options and sold CA$140k worth of stock

CEO & Director exercised options to buy CA$248k worth of stock.

Awalé Resources Limited Announces A New Gold-Copper Discovery At the BBM Target Within the Odienné Project in Côte d'Ivoire

Awalé Resources Limited announced that it has received CAD 0.957531 million in funding from Newmont Ventures Limited

High number of new and inexperienced directors

New major risk - Financial position

Awalé Resources Limited Completes Nearly 5,000M Drill Program with Assays Pending

Awalé Resources Limited, Annual General Meeting, Sep 06, 2023

New major risk - Share price stability

Less than half of directors are independent

Awale Resources Limited Announces the Completion of A Detailed Airborne Magnetic and Radiometric Survey over Odienne East

Awal Resources Limited Intercepts Visible Gold, Extending Mineralization At the Charger Target, Odienn Copper-Gold Project, Cte D'ivoire

Awalé Resources Limited Recommences Drilling at the Odienné Copper Gold Project

Awalé Resources Limited announced that it has received CAD 2.357062 million in funding from Orecap Invest Corp.

Awalé Resources Limited announced that it has received CAD 2.357062 million in funding from Orecap Invest Corp.

Awalé Resources Limited announced that it expects to receive CAD 1.50009 million in funding

Awalé Resources Limited announced that it expects to receive CAD 1.50009 million in funding

Awalé Resources Limited Provides the Update on the Recently-Completed Scout Drilling At the Sceptre East and Charger Targets

Awalé Resources Limited Announces Appointment of Robin Birchall as Independent Non-Executive Chair

Awalé Resources Limited Announces Ground Geophysics Surveys Reveal New Sulfide Targets At the Lando Prospect

Insufficient new directors

Awalé Resources Limited Defines Priority IOCG Targets at Sceptre East for Drill Testing

Awalé Resources Limited Delineates a Fourth New 3.5km long Soil Copper Anomaly at the BBM Prospect, Odienné Joint Venture, Côte d'Ivoire

Insufficient new directors

Awalé Resources Limited Commences IP Geophysics Surveys At the Sceptre and Charger Targets

Awalé Resources Limited (TSXV:ARIC) signed a letter of intent to acquire Consolidated Resources Suriname NV for 21,663,138 common shares.

Awalé Resources Limited (TSXV:ARIC) signed a letter of intent to acquire Consolidated Resources Suriname NV for 21,663,138 common shares.

Awalé Resources Limited, Annual General Meeting, Oct 14, 2022

Awalé Resources Limited Provides Update on Ongoing Exploration Activities at the Odienné Gold-Copper Project in Cote D'ivoire

Awalé Resources Limited Updates on Drill Targeting at the Odienné Gold-Copper Joint Venture, Côte d'Ivoire

Awalé Resources Limited (TSXV:ARIC) entered into an agreement to acquire Exploration Permit PR840 in the Odienne Region from Turaco Gold Limited (ASX:TCG) for AUD 0.2 million.

Awalé Resources Limited (TSXV:ARIC) entered into an agreement to acquire Exploration Permit PR840 in the Odienne Region from Turaco Gold Limited (ASX:TCG) for AUD 0.2 million.

Awalé Resources Limited announced that it has received CAD 0.6369 million in funding from Newmont Ventures Limited

Awalé Resources Limited announced that it expects to receive CAD 0.6369 million in funding

Insufficient new directors

Awalé Resources Advancing Large-Scale IOCG Copper-Gold Targets at the Sceptre Prospect, Odienné, Côte d'Ivoire

Awalé Resources Limited Announces New Alliance Prospect Delivers A Further 3Km of Strike to the Empire Gold Trend Odienné Project Cote d'Ivoire

Awalé Resources Limited Reports Further Results from Drilling At the Empire and Charger Prospects, Odienne Project, Cote D'ivoire

Awalé Resources Limited Reports Elevated Copper Values (Up to 0.76% Cu) Are Associated with the High-Grade Gold Mineralization Previously Reported from Reverse Circulation Drilling at the Charger Prospect, Odienné Project

Awalé Resources Limited Updates Report on Diamond Twin Drillhole on High Grade Mineralization Completed At Charger, Odienné Project - Cote D'ivoire

Awalé Resources Drilling Intersects Offset Extensions to the Empire Main deposit, Odienné Project, Côte d'Ivoire

Awalé Resources Limited Announce New High-Grade Gold Mineralization in Scout Reverse Circulation

Awalé Resources Limited Announces Multiple Gold Targets Defined for Scout Drilling on the Kodio Trend, Bondoukou Project, Côte d'Ivoire

Awalé Resources Limited Announces Multiple Gold Targets Defined for Scout Drilling on the Kodio Trend, Bondoukou Project, Côte D'ivoire

Awalé Resources Limited announced that it has received CAD 3.291776 million in funding

Awalé Resources Limited Commences Drilling Program at Empire Main and the New Charger Target, Odienné Gold Project, Côte d'Ivoire

Awalé Resources Limited announced that it expects to receive CAD 2 million in funding

Awalé Resources Demonstrates High Grade Plunge Continuity at Empire Main, Odienné, Côte d'Ivoire

Awalé Resources Reports Exceptional Gold Recoveries from Leach Testwork at the Empire Gold Discovery, Odienné, Côte d'Ivoire

Awalé Resources Limited Scout Drilling Delivers New Discoveries Along Trend at the Empire Prospect, Odienné, Côte d'Ivoire

Have Insiders Been Buying Awalé Resources Limited (CVE:ARIC) Shares This Year?

Awalé Resources Limited Reports Further Exceptional Gold Results from the Phase 2 Drill Program At the Empire Gold Discovery and Extension Targets

Awalé Resources Limited Intersects New High Grade Mineralization at the Empire Discovery, Odienné, Cote D'ivoire

Awalé Resources Limited Intersects 13.1 Grams Per Tonne Gold over 15 Meters At the Empire Discovery, Odienné, Côte D'ivoire

Awalé Resources Limited Reports Results from the First Two Holes of its Phase 2 Program at the Empire Gold Discovery

New 90-day high - CA$0.22

Awalé Resources Limited announced that it has received CAD 3.109221 million in funding

Awalé Resources Limited announced that it expects to receive CAD 3.000018 million in funding from Palisades Goldcorp Ltd.

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age