Marimaca Copper Management

Management criteria checks 3/4

Marimaca Copper's CEO is Hayden Locke, appointed in Jul 2020, has a tenure of 4.17 years. total yearly compensation is $819.73K, comprised of 49.6% salary and 50.4% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth €85.22K. The average tenure of the management team and the board of directors is 3 years and 4.7 years respectively.

Key information

Hayden Locke

Chief executive officer

US$819.7k

Total compensation

CEO salary percentage	49.6%
CEO tenure	4.2yrs
CEO ownership	0.03%
Management average tenure	3yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hayden Locke's remuneration changed compared to Marimaca Copper's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$7m
Mar 31 2024	n/a	n/a	-US$9m
Dec 31 2023	US$820k	US$407k	-US$7m
Sep 30 2023	n/a	n/a	-US$4m
Jun 30 2023	n/a	n/a	-US$5m
Mar 31 2023	n/a	n/a	-US$4m
Dec 31 2022	US$356k	US$356k	-US$5m
Sep 30 2022	n/a	n/a	-US$10m
Jun 30 2022	n/a	n/a	-US$12m
Mar 31 2022	n/a	n/a	-US$17m
Dec 31 2021	US$2m	US$327k	-US$17m
Sep 30 2021	n/a	n/a	-US$15m
Jun 30 2021	n/a	n/a	-US$13m
Mar 31 2021	n/a	n/a	US$3m
Dec 31 2020	US$794k	US$292k	US$3m

Compensation vs Market: Hayden's total compensation ($USD819.73K) is about average for companies of similar size in the German market ($USD787.42K).

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

CEO

Hayden Locke (42 yo)

4.2yrs

Tenure

US$819,726

Compensation

Mr. Hayden Thomas Locke has been President at Marimaca Copper Corp. since July 2020 and serves as its Chief Executive Officer and Director since April 26, 2021. Mr. Locke has been Director at Emmerson PLC...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hayden Locke	President	4.2yrs	US$819.73k	0.033% $ 85.2k
Jose Merino	Managing Director of Chile & CFO	less than a year	US$565.03k	no data
Nicolas Cookson	Head of Corporate Development & Strategy	3yrs	US$463.65k	0.025% $ 65.3k
Sergio L. Rivera	Vice President of Exploration	12.8yrs	US$512.07k	0.29% $ 761.5k
Solange Gonzalez	General Counsel & Corporate Secretary	less than a year	no data	no data

3.0yrs

Average Tenure

Experienced Management: E2E1's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hayden Locke	President	3.4yrs	US$819.73k	0.033% $ 85.2k
Colin Kinley	Lead Independent Director	8.6yrs	US$166.80k	0.13% $ 347.5k
Alan Stephens	Independent Non-Executive Director	19.7yrs	US$123.02k	0.20% $ 524.9k
Geoffrey Newall	Independent Non-Executive Director	3.6yrs	US$123.02k	0.066% $ 172.7k
Tim Petterson	Independent Director	5.8yrs	US$166.80k	0.020% $ 53.3k
Kieran Daly	Non-Executive Director	less than a year	no data	no data
Michael Haworth	Non-Executive Chairman	8.6yrs	US$190.95k	0.023% $ 60.7k
Giancarlo Lagomarsino	Independent Non-Executive Director	less than a year	US$378.30k	no data

4.7yrs

Average Tenure

61yo

Average Age

Experienced Board: E2E1's board of directors are considered experienced (4.7 years average tenure).

Marimaca Copper Management

Management criteria checks 3/4

Key information

Recent management updates

Non-Executive Chairman recently bought €59k worth of stock

Insufficient new directors

Marimaca Copper Corp., Annual General Meeting, May 23, 2024

Marimaca Copper Corp. Appoints Solange González as General Counsel and Corporate Secretary

Marimaca Copper Corp. Announces Laura Rich Stepping Down as the Company's General Counsel, Company Secretary and Chief Sustainability Officer

Marimaca Copper Corp. Appoints Giancarlo Bruno Lagomarsino as Non-Executive Director

Recent updates

Non-Executive Chairman recently bought €59k worth of stock

New minor risk - Profitability

Marimaca Copper Corp. Announces Further Results from Channel Sampling Completed at the Mercedes Satellite Target

New minor risk - Shareholder dilution

Marimaca Copper Corp. announced that it has received CAD 30.2625 million in funding from Assore International Holdings Limited and another investor

Marimaca Copper Corp. announced that it has received CAD 30.2625 million in funding from Assore International Holdings Limited

Marimaca Copper Corp. announced that it expects to receive CAD 30.2625 million in funding from Assore International Holdings Limited and another investor

Marimaca Copper Corp. Announce Results from Channel Sampling Completed At the Mercedes Target, Located Approximately 400M-1,000M North of the Marimaca Oxide Deposit

Marimaca Copper Corp. has filed a Follow-on Equity Offering in the amount of CAD 20 million.

Insufficient new directors

New major risk - Financial position

Marimaca Copper Corp. Provides Project Development and Exploration Update

New major risk - Financial position

Marimaca Copper Corp., Annual General Meeting, May 23, 2024

Marimaca Copper Corp. Announces 2024 Regional Exploration Strategy - Sierra De Medina

Marimaca Copper Corp. Appoints Solange González as General Counsel and Corporate Secretary

Marimaca Copper Corp. Announces Laura Rich Stepping Down as the Company's General Counsel, Company Secretary and Chief Sustainability Officer

Marimaca Copper Corp. Announces Completion of the Infrastructure Condemnation Drilling Program

Marimaca Copper Corp. Announces Results from Phase 6 Metallurgical Program

Marimaca Copper Corp. Appoints Giancarlo Bruno Lagomarsino as Non-Executive Director

New minor risk - Shareholder dilution

Marimaca Copper Corp. Announces Results from Eastern MOD Diamond Exploration Drilling

Marimaca Copper Corp. announced that it has received CAD 19.999999 million in funding from Mitsubishi Corporation

Marimaca Copper Corp. announced that it expects to receive CAD 19.999999 million in funding from Mitsubishi Corporation

Marimaca Copper Corp. announced that it expects to receive CAD 19.999999 million in funding from Mitsubishi Corporation

Marimaca Copper Corp. Announces Updated Mineral Resource Estimate for the Marimaca Oxide Deposit

Marimaca Copper Corp. Announces Appointment of José Antonio Merino as Managing Director, Chile

Marimaca Copper Corp. Announces the Results of Assays for Gold and Silver from Hole MAD-22 and to Outline the First Phase of Follow-Up Drilling of the Exciting New Sulphide Target

Marimaca Copper Corp. Announces Final Diamond Drilling Results from the 2022 Geological and Geotechnical Drilling Campaign

Marimaca Copper Corp. Announces the Final Reverse Circulation Drill Results from the 2022 Infill Drilling Campaign

Marimaca Copper Corp. Reports Primary Sulphide Intercept of 92M At 2.11% Cut from 140M, Including 22M At 5.27% Cut from 204M, Within 240M of 1.01% Cut from Surface Combined Oxides and Sulphides

Marimaca Reports Further Positive Higher-Grade Results from Northern MOD Infill Drilling

Marimaca Copper Corp. Files Technical Report on Update Mineral Resource Estimation

Marimaca Copper Corp. Announces Further Results from 2022 Infill and Extensional Drilling Campaign at Marimaca Oxide Deposit

Marimaca Copper Corp Announces an Updated Mineral Resource Estimate for the Marimaca Oxide Deposit Located in the Antofagasta Region of Northern Chile

Marimaca Copper Corp. Announces Infill Drilling Results Further Confirming Consistency of Mineralization At the Mod

Marimaca Copper Corp. Provides Progress Update at the Marimaca Copper Project

Marimaca Copper Corp Announces Results from the 2022 Infill and Extensional Drilling Campaign

Marimaca Announces Positive Final Results from the Phase 5 Metallurgical Program At the Marimaca Oxide Deposit

Marimaca Copper Corp. Announces Positive Infill Drilling Continues At the Marimaca Oxide Deposit

Marimaca Copper Corp Announces Results from the First Five Reverse Circulation Drill Holes

Marimaca Copper Corp. Continues to Encounter Higher Grades and Extend Mineralized Envelope At the Marimaca Oxide Deposit

Marimaca Copper Corp. Identifies New Targets for District Exploration

Marimaca Copper Corp. Announces Infill Drilling Extends Copper Oxide Mineralization At the Marimaca Oxide Deposit

5Q SpA entered into a binding agreement to acquire Ivan SX-EW Processing Plant and associated mining claims from Marimaca Copper Corp. (TSX:MARI) for $17 million.

Marimaca Copper Corp. Announces That the Company's 22,500m Infill Drilling Campaign At the Marimaca Oxide Deposit Has Commenced

Marimaca Copper Corp. Announces Exploration Targets for Depth Extensions of the MOD and Near-Pit Oxide Satellites

Marimaca Reports Positive Metallurgical Results from Variability Testing Program

High number of new and inexperienced directors

Marimaca Copper Corp. Makes New Shallow Oxide Copper Discovery At Mercedes

Marimaca Copper Corp. Extends Strike Potential At Cindy

Marimaca’s Roble Target Continues to Show Significant Potential

Marimaca Copper Corp. Intersects Significant Near Surface Copper Oxides At Cindy

Marimaca Reports Encouraging Underground Channel Sample Results from the Cindy Target

Marimaca Copper Corp. Announces Results from the Remaining Drill Holes Completed to Test the Extensions of Mineralization Below the Marimaca Oxide Deposit

Director of Corporate Affairs has left the company

Chief Financial Officer has left the company

Marimaca Copper Corp. Announces Results of Induced Polarization Surveys Completed At the Mercedes and Cindy Targets

Marimaca Copper Corp. announced that it has received CAD 30.945001 million in funding

Marimaca Copper Corp. announced that it expects to receive CAD 30.945001 million in funding

New 90-day high: €2.48

Marimaca Copper Corp. Identifies Large Surface Geochemical Anomaly At Cindy Target

Marimaca Copper Corp Appoints Clive Newall as Non-Executive Director

Marimaca Copper Corp. Announces Significant IP Anomaly Identified At Marimaca Copper Project

New 90-day low: €1.95

Marimaca Copper Corp. Announces 2021 Exploration Program Starts and Drill Rigs Mobilized

Marimaca Copper Corp. has completed a Composite Units Offering in the amount of CAD 25.2 million.

Marimaca Copper Corp. Receives Final Documentation for Upcoming Drilling Program

New 90-day high: €2.28