Cyclone Metals Management

Management criteria checks 2/4

Cyclone Metals' CEO is Paul Berend, appointed in May 2023, has a tenure of 1.5 years. total yearly compensation is A$414.40K, comprised of 66.4% salary and 33.6% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth €83.09K. The average tenure of the management team and the board of directors is 2.1 years and 1.5 years respectively.

Key information

Paul Berend

Chief executive officer

AU$414.4k

Total compensation

CEO salary percentage	66.4%
CEO tenure	1.5yrs
CEO ownership	0.8%
Management average tenure	2.1yrs
Board average tenure	1.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Berend's remuneration changed compared to Cyclone Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$414k	AU$275k	-AU$5m
Mar 31 2024	n/a	n/a	-AU$6m
Dec 31 2023	n/a	n/a	-AU$6m
Sep 30 2023	n/a	n/a	-AU$6m
Jun 30 2023	AU$275k	AU$46k	-AU$5m

Compensation vs Market: Paul's total compensation ($USD269.30K) is below average for companies of similar size in the German market ($USD474.67K).

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

CEO

Paul Berend

1.5yrs

Tenure

AU$414,401

Compensation

Mr. Paul H. Berend, Ph D., serves as Executive Director & Chief Executive Officer of Cyclone Metals Limited since May 01, 2023. He serves as Managing Director, Chief Executive Officer and Director of Trans...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Berend	CEO & Executive Director	1.5yrs	AU$414.40k	0.80% € 83.1k
Melissa Chapman	CFO & Joint Company Secretary	12.5yrs	AU$81.71k	no data
Paul Vermeulen	General Manager of Technology & Steel Markets	1.8yrs	no data	no data
Eloise von Puttkammer	Head of Investor Relations Division	no data	AU$100.41k	no data
Catherine Grand-Edwards	Joint Company Secretary	2.4yrs	no data	no data

2.1yrs

Average Tenure

Experienced Management: HM5's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Berend	CEO & Executive Director	1.5yrs	AU$414.40k	0.80% € 83.1k
Antony Sage	Non-Executive Chairman	1.6yrs	AU$469.70k	9.84% € 1.0m
Timothy Turner	Independent Non-Executive Director	20.2yrs	AU$77.87k	0.33% € 34.4k
Luke Martino	Independent Director	less than a year	no data	0.29% € 30.3k
David Sanders	Director	less than a year	no data	no data

1.5yrs

Average Tenure

Experienced Board: HM5's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Cyclone Metals Management

Management criteria checks 2/4

Key information

Recent management updates

Cyclone Metals Limited, Annual General Meeting, Oct 31, 2024

Cyclone Metals Ltd Appoints Luke Martino as Non-Executive Director

Cyclone Metals Limited Announces Resignation of Will Scott as Non-Executive Director

Cyclone Metals Limited Announces Resignation of Will Scott as Non-Executive Director

Cyclone Metals Limited, Annual General Meeting, Nov 29, 2023

Less than half of directors are independent

Recent updates

Cyclone Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.874234 million.

Cyclone Metals Limited, Annual General Meeting, Oct 31, 2024

Full year 2024 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2023)

New minor risk - Financial data availability

Cyclone Metals Ltd Appoints Luke Martino as Non-Executive Director

Cyclone Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.874234 million.

First half 2024 earnings released: EPS: AU$0 (vs AU$0 in 1H 2023)

Cyclone Metals Limited has announced a Derivatives Offering in the amount of AUD 0.0162 million.

Cyclone Metals Limited has announced a Derivatives Offering in the amount of AUD 0.0162 million.

Cyclone Metals Limited Announces Resignation of Will Scott as Non-Executive Director

Cyclone Metals Limited Announces Resignation of Will Scott as Non-Executive Director

Cyclone Metals Limited, Annual General Meeting, Nov 29, 2023

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2022)

New minor risk - Financial data availability

An unknown buyer entered into a binding term sheet to acquire Non-core gold assets of Cyclone Metals Limited for AUD 4 million.

New major risk - Shareholder dilution

Less than half of directors are independent

First half 2023 earnings released: EPS: AU$0 (vs AU$0.001 in 1H 2022)

Cyclone Metals Limited (ASX:CLE) acquired Labrador Iron Pty Ltd. AUD 3.24 million.

Cyclone Metals Limited (ASX:CLE) acquired Labrador Iron Pty Ltd. AUD 3.24 million.

Cyclone Metals Limited Announces New Zealand Follow-up Sampling Program on 8 g/t Gold Rockchip

Less than half of directors are independent

Cyclone Metals Limited, Annual General Meeting, Nov 30, 2022

Cyclone Metals Limited Announces Further Gold Specimens and Nuggets Recover from Test Pits at 100% Owned Nickol River Gold Project

Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2021)

Cyclone Metals Limited Announces That Gold Anomalies from Ionic Leach Trial in New Zealand

Cyclone Metals Limited Appoints Catherine Grand-Edwards as Joint Company Secretary

Cyclone Metals Limited Completes New Zealand Maiden Gold Exploration Program

Cyclone Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Cyclone Metals Limited Announces Exploration Permits At Drybread and Waikerikeri Gold Projects

Cyclone Metals Limited Announces A Maiden Exploration Program

Less than half of directors are independent

Less than half of directors are independent

Cyclone Metals Limited, Annual General Meeting, May 20, 2022

Cyclone Metals Limited Announces Appointment of Stirling Ross as New Director

Cyclone Metals Limited Announces Gold Nuggets Recovered from the Nickol River Project

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Cyclone Metals Limited Announces Gold Specimens and Nuggets Recovered from Test Pits at Nickol River Gold Project

Cyclone Metals Limited Announces Program of Works Has Been Approved by the Department of Mines, Industry, Regulation and Safety (Dmirs) for Test Pits, at the 100% Owned Nickol River Gold Project

Cyclone Metals Limited announced that it expects to receive AUD 1 million in funding

Cyclone Metals Limited Provides Sub- Audio Magnetics Data Acquisition Program Conducted by Gap Geophysics Australia

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure