DiscovEx Resources Management

Management criteria checks 4/4

DiscovEx Resources' CEO is Toby Wellman, appointed in Apr 2021, has a tenure of 4.33 years. total yearly compensation is A$259.90K, comprised of 84.6% salary and 15.4% bonuses, including company stock and options. directly owns 1.11% of the company’s shares, worth A$73.14K. The average tenure of the management team and the board of directors is 3.7 years and 3.7 years respectively.

Key information

Toby Wellman

Chief executive officer

AU$259.9k

Total compensation

CEO salary percentage	84.6%
CEO tenure	3yrs
CEO ownership	1.1%
Management average tenure	3.7yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Toby Wellman's remuneration changed compared to DiscovEx Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$2m
Sep 30 2023	n/a	n/a	-AU$1m
Jun 30 2023	AU$260k	AU$220k	-AU$629k
Mar 31 2023	n/a	n/a	-AU$489k
Dec 31 2022	n/a	n/a	-AU$349k
Sep 30 2022	n/a	n/a	-AU$859k
Jun 30 2022	AU$304k	AU$220k	-AU$1m
Dec 31 2021	n/a	n/a	-AU$1m
Sep 30 2021	n/a	n/a	-AU$1m
Jun 30 2021	AU$225k	AU$189k	-AU$932k
Mar 31 2021	n/a	n/a	-AU$2m
Dec 31 2020	n/a	n/a	-AU$4m
Sep 30 2020	n/a	n/a	-AU$4m
Jun 30 2020	AU$260k	AU$93k	-AU$5m

Compensation vs Market: Toby's total compensation ($USD167.28K) is below average for companies of similar size in the Australian market ($USD289.23K).

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

CEO

Toby Wellman

3yrs

Tenure

AU$259,901

Compensation

Mr. Toby Wellman serves as Managing Director at DiscovEx Resources Limited since April 23, 2021. He serves as Executive Director at DiscovEx Resources Limited since December 01, 2019 and served as its Tech...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Toby Wellman	MD & Executive Director	3yrs	AU$259.90k	1.11% A$ 73.1k
Paul Bridson	Chief Financial Officer	11.6yrs	AU$109.28k	no data
Nerida Schmidt	Company Secretary	3.7yrs	no data	no data

3.7yrs

Average Tenure

Experienced Management: DCX's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Toby Wellman	MD & Executive Director	4.3yrs	AU$259.90k	1.11% A$ 73.1k
Heath Hellewell	Independent Non-Executive Chairman	3.1yrs	AU$76.38k	3.89% A$ 257.1k
David Morgan	Non-Executive Director	12.1yrs	AU$42.10k	1.05% A$ 69.4k
Kim Massey	Independent Non-Executive Director	3.1yrs	AU$34.26k	no data

3.7yrs

Average Tenure

Experienced Board: DCX's board of directors are considered experienced (3.7 years average tenure).

DiscovEx Resources Management

Management criteria checks 4/4

Key information

Recent management updates

DiscovEx Resources Limited, Annual General Meeting, Nov 23, 2023

DiscovEx Resources Limited, Annual General Meeting, Oct 13, 2022

No independent directors

No independent directors

DiscovEx Resources Limited Announces Board Changes

DiscovEx Resources Limited Announces Executive Changes

Recent updates

DiscovEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.

DiscovEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.

DiscovEx Resources Limited, Annual General Meeting, Nov 23, 2023

New major risk - Financial position

Spartan Delivers Bedrock Gold Single Metre Results Up to 4.8G/T Au

DiscovEx Resources Limited Provides Sylvania Exploration Update

Carnaby Resources Limited Announces Excellent Initial Metallurgical Test Work Results from Nil Desperandum and Lady Fanny Copper Gold Discoveries at Greater Duchess Copper Gold Project in Mt Isa, Queensland

DiscovEx Resources Limited Announces Initial Results from Drilling Activities At the Spartan Prospect, Part of an 80:20 Joint Venture with Gateway Mining Limited

DiscovEx Resources Limited Provides an Update on Activities from the Sylvania Project in Western Australia

DiscovEx Resources Limited, Annual General Meeting, Oct 13, 2022

DiscovEx Resources Limited Update to Exploration Activities At the Edjudina Project,WA

DiscovEx Resources Limited Provides Exploration Update

Discovex Resources Limited Announces Infill Surface Sampling Upgrades Spartan Anomaly

DiscovEx Resources Limited Announces New Geochemical Anomalies Light Up Sylvania Project

DiscovEx Resources Limited Announces Exploration Continues At Sylvania

DiscovEx Resources Limited Announces Composite Assay Results Have Been Returned from Aircore Drilling Completed At the Octavia Prospect

Discovex Resources Limited Announces Spectacular Copper Discovery At the Nil Desperandum Prospect

No independent directors

No independent directors

SI6 Metals Limited (ASX:SI6) completed the acquisition of Monument Gold Project from DiscovEx Resources Limited (ASX:DCX).

DiscovEx Resources Limited Provides Sylvania Project Update

DiscovEx Resources Limited Reports All Single Metre Resplit Assays At the Newington Gold Project

MD & Executive Director has left the company

DiscovEx Resources Limited (ASX:DCX) completed the acquisition of Lighthouse Resources Holdings Pty Ltd from group of sellers.

Independent Non-Executive Chairman Peter Langworthy has left the company

DiscovEx Resources Limited Announces Board Changes

DiscovEx Resources Limited Announces Newington Exploration Update

DiscovEx Resources Limited Announces Executive Changes

OreCorp Limited (ASX:ORR) signed an agreement to acquire E31/1134 and E31/1150 Tenements from Gateway Mining Limited (ASX:GML) and DiscovEx Resources Limited (ASX:DCX) for AUD 0.2 million.

DiscovEx Resources Limited Announces Drilling Results Hornet Prospect Edjudina

DiscovEx Resources Limited announced that it has received AUD 0.7 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure