29Metals Management
Management criteria checks 1/4
29Metals' CEO is James Palmer, appointed in May 2024, has a tenure of less than a year. total yearly compensation is A$1.39M, comprised of 35.9% salary and 64.1% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth A$2.90K. The average tenure of the management team and the board of directors is 1.2 years and 3.9 years respectively.
Key information
James Palmer
Chief executive officer
AU$1.4m
Total compensation
| CEO salary percentage | 35.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.001% |
| Management average tenure | 1.2yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
Development Of Gossan Valley Will Expand Future Production Capacity
Mar 17 Strategic resource expansion projects at Gossan Valley and Golden Grove aim to enhance production flexibility and long-term revenue growth through high-grade ore development.Is 29Metals (ASX:29M) Using Debt In A Risky Way?
Oct 23
There Is A Reason 29Metals Limited's (ASX:29M) Price Is Undemanding
Jul 1929Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Apr 12Is 29Metals (ASX:29M) Using Too Much Debt?
Mar 24Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet
Feb 2729Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Feb 26An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued
May 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | AU$1m | AU$500k | -AU$178m |
Compensation vs Market: James's total compensation ($USD877.03K) is above average for companies of similar size in the Australian market ($USD285.82K).
Compensation vs Earnings: Insufficient data to compare James's compensation with company performance.
CEO
James Palmer
less than a year
Tenure
AU$1,392,721
Compensation
Mr. James Palmer has been Chief Executive Officer of 29Metals Limited since May 1, 2024. He served as Group Performance & Improvement Officer at BHP since 2021. He served as Asset President - NSWEC, BMC at...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | less than a year | AU$1.39m | 0.0015% A$ 2.9k | |
| Chief Financial Officer | 3.8yrs | AU$931.94k | 0.035% A$ 70.3k | |
| Chief Operating Officer | 3.8yrs | AU$924.57k | 0.033% A$ 65.8k | |
| Group Manager of Investor Relations | no data | no data | no data | |
| Marketing Manager | 2.3yrs | no data | no data | |
| Group Executive of Corporate Development | less than a year | no data | no data | |
| Group Executive of People & Culture | 1.5yrs | no data | no data | |
| Group Executive of Geology & Exploration | less than a year | no data | no data | |
| CEO of Redhill | no data | no data | no data | |
| Group Financial Controller | no data | no data | no data | |
| Company Secretary | less than a year | no data | no data |
1.2yrs
Average Tenure
Experienced Management: 29M's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Chairman | 3.9yrs | AU$240.00k | 0.0053% A$ 10.5k | |
| Non Executive Director | 2yrs | AU$151.25k | 0.032% A$ 63.3k | |
| Independent Non-Executive Director | 3.9yrs | AU$315.38k | 0.022% A$ 43.9k | |
| Independent Non Executive Director | 2yrs | AU$147.88k | 0.0078% A$ 15.5k | |
| Independent Non-Executive Director | 3.9yrs | AU$302.88k | 0.026% A$ 51.5k | |
| Independent Non-Executive Director | 3.9yrs | AU$306.21k | 0.015% A$ 29.3k |
3.9yrs
Average Tenure
63yo
Average Age
Experienced Board: 29M's board of directors are considered experienced (3.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/03 07:46 |
| End of Day Share Price | 2025/04/03 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
29Metals Limited is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Russell Wright | Barclay Pearce Capital Pty Limited |
| April Lowis | Barrenjoey Markets Pty Limited |
| Glyn Lawcock | Barrenjoey Markets Pty Limited |