Ionic Rare Earths Limited

ASX:IXR Stock Report

Market Cap: AU$53.1m

Ionic Rare Earths Management

Management criteria checks 2/4

Ionic Rare Earths' CEO is Tim Harrison, appointed in Jun 2020, has a tenure of 4.08 years. total yearly compensation is A$401.68K, comprised of 97.1% salary and 2.9% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth A$246.43K. The average tenure of the management team and the board of directors is 0.5 years and 1.2 years respectively.

Key information

Tim Harrison

Chief executive officer

AU$401.7k

Total compensation

CEO salary percentage97.1%
CEO tenure4.1yrs
CEO ownership0.4%
Management average tenureless than a year
Board average tenure1.2yrs

Recent management updates

Recent updates

Here's Why We're Watching Ionic Rare Earths' (ASX:IXR) Cash Burn Situation

Jun 01
Here's Why We're Watching Ionic Rare Earths' (ASX:IXR) Cash Burn Situation

Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

Feb 02
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

Oct 18
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely

Jul 01
We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely

Is Ionic Rare Earths (ASX:IXR) In A Good Position To Deliver On Growth Plans?

Mar 09
Is Ionic Rare Earths (ASX:IXR) In A Good Position To Deliver On Growth Plans?

CEO Compensation Analysis

How has Tim Harrison's remuneration changed compared to Ionic Rare Earths's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-AU$19m

Sep 30 2023n/an/a

-AU$14m

Jun 30 2023AU$402kAU$390k

-AU$9m

Mar 31 2023n/an/a

-AU$7m

Dec 31 2022n/an/a

-AU$5m

Sep 30 2022n/an/a

-AU$5m

Jun 30 2022AU$718kAU$360k

-AU$5m

Mar 31 2022n/an/a

-AU$4m

Dec 31 2021n/an/a

-AU$4m

Sep 30 2021n/an/a

-AU$3m

Jun 30 2021AU$591kAU$363k

-AU$2m

Compensation vs Market: Tim's total compensation ($USD271.32K) is about average for companies of similar size in the Australian market ($USD301.33K).

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


CEO

Tim Harrison

4.1yrs

Tenure

AU$401,684

Compensation

Mr. Timothy Joseph Harrison, also known as Tim, B. Eng (Chem) Fellow AusIMM serves as Independent Non-Executive Director of Aus Asia Minerals Limited also known as Viridis Mining and Minerals Limited since...


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Harrison
MD & Director4.1yrsAU$401.68k0.44%
A$ 235.7k
Brett Lynch
Executive Chairmanless than a yearno data1.93%
A$ 1.0m
Lynden Polonsky
Acting CFO & Chief Development Officerless than a yearno datano data
Tommie Van der Walt
Chief Operating Officer1.1yrsno datano data
Mark Licciardo
Company Secretaryless than a yearno datano data

0.5yrs

Average Tenure

Experienced Management: IXR's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Timothy Harrison
MD & Director3.6yrsAU$401.68k0.44%
A$ 235.7k
Brett Lynch
Executive Chairmanless than a yearno data1.93%
A$ 1.0m
Maxwell McGarvie
Independent Non-Executive Director3yrsAU$66.93kno data
Sufian Ahmad
Non-Executive Director1.2yrsAU$1.63k2.91%
A$ 1.5m
Nitin Tyagi
Non-Executive Directorless than a yearno datano data

1.2yrs

Average Tenure

Experienced Board: IXR's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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