Ionic Rare Earths Management
Management criteria checks 1/4
Ionic Rare Earths' CEO is Tim Harrison, appointed in Jun 2020, has a tenure of 4.5 years. total yearly compensation is A$482.32K, comprised of 87.1% salary and 12.9% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth A$128.57K. The average tenure of the management team and the board of directors is 0.9 years and 1.6 years respectively.
Key information
Tim Harrison
Chief executive officer
AU$482.3k
Total compensation
| CEO salary percentage | 87.1% |
| CEO tenure | 4.5yrs |
| CEO ownership | 0.4% |
| Management average tenure | less than a year |
| Board average tenure | 1.6yrs |
Recent management updates
Recent updates
Here's Why We're Watching Ionic Rare Earths' (ASX:IXR) Cash Burn Situation
Jun 01
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans
Feb 02Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans
Oct 18We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely
Jul 01Is Ionic Rare Earths (ASX:IXR) In A Good Position To Deliver On Growth Plans?
Mar 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$482k | AU$420k | -AU$21m |
| Mar 31 2024 | n/a | n/a | -AU$20m |
| Dec 31 2023 | n/a | n/a | -AU$19m |
| Sep 30 2023 | n/a | n/a | -AU$14m |
| Jun 30 2023 | AU$402k | AU$390k | -AU$9m |
| Mar 31 2023 | n/a | n/a | -AU$7m |
| Dec 31 2022 | n/a | n/a | -AU$5m |
| Sep 30 2022 | n/a | n/a | -AU$5m |
| Jun 30 2022 | AU$718k | AU$360k | -AU$5m |
| Mar 31 2022 | n/a | n/a | -AU$4m |
| Dec 31 2021 | n/a | n/a | -AU$4m |
| Sep 30 2021 | n/a | n/a | -AU$3m |
| Jun 30 2021 | AU$591k | AU$363k | -AU$2m |
Compensation vs Market: Tim's total compensation ($USD301.66K) is about average for companies of similar size in the Australian market ($USD291.73K).
Compensation vs Earnings: Tim's compensation has increased whilst the company is unprofitable.
CEO
Tim Harrison
4.5yrs
Tenure
AU$482,321
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | less than a year | AU$746.91k | 2.57% A$ 790.8k | |
| MD, CEO & Executive Director | 4.5yrs | AU$482.32k | 0.42% A$ 128.6k | |
| Acting CFO & Chief Development Officer | less than a year | no data | no data | |
| Chief Operating Officer | 1.5yrs | no data | no data | |
| Company Secretary | less than a year | no data | no data |
0.9yrs
Average Tenure
Experienced Management: IXR's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | less than a year | AU$746.91k | 2.57% A$ 790.8k | |
| MD, CEO & Executive Director | 4yrs | AU$482.32k | 0.42% A$ 128.6k | |
| Independent Non-Executive Director | 3.4yrs | AU$76.74k | no data | |
| Non-Executive Director | 1.6yrs | AU$71.24k | 2.74% A$ 842.7k | |
| Non-Executive Director | 1.4yrs | AU$71.24k | no data |
1.6yrs
Average Tenure
Experienced Board: IXR's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 07:33 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
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 |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Ionic Rare Earths Limited is covered by 3 analysts. 2 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 |
|---|---|
| null null | ACF Equity Research Limited |
| Michael Bentley | MST Financial Services Pty Limited |
| Justin Chan | SCP Resource Finance LP |