Ionic Rare Earths Limited

ASX:IXR Stock Report

Market Cap: AU$43.8m

Ionic Rare Earths Management

Management criteria checks 1/4

Ionic Rare Earths' CEO is Tim Harrison, appointed in Jun 2020, has a tenure of 4.42 years. total yearly compensation is A$482.32K, comprised of 87.1% salary and 12.9% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth A$192.86K. The average tenure of the management team and the board of directors is 0.8 years and 1.5 years respectively.

Key information

Tim Harrison

Chief executive officer

AU$482.3k

Total compensation

CEO salary percentage87.1%
CEO tenure4.4yrs
CEO ownership0.4%
Management average tenureless than a year
Board average tenure1.5yrs

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
Jun 30 2024AU$482kAU$420k

-AU$21m

Mar 31 2024n/an/a

-AU$20m

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 ($USD314.40K) is about average for companies of similar size in the Australian market ($USD298.50K).

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

CEO

Tim Harrison

4.4yrs

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

NamePositionTenureCompensationOwnership
Brett Lynch
Executive Chairmanless than a yearAU$746.91k2.71%
A$ 1.2m
Timothy Harrison
MD, CEO & Executive Director4.4yrsAU$482.32k0.44%
A$ 192.9k
Lynden Polonsky
Acting CFO & Chief Development Officerless than a yearno datano data
Tommie Van der Walt
Chief Operating Officer1.4yrsno datano data
Mark Licciardo
Company Secretaryless than a yearno datano data

0.8yrs

Average Tenure

Experienced Management: IXR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Brett Lynch
Executive Chairmanless than a yearAU$746.91k2.71%
A$ 1.2m
Timothy Harrison
MD, CEO & Executive Director3.9yrsAU$482.32k0.44%
A$ 192.9k
Maxwell McGarvie
Independent Non-Executive Director3.3yrsAU$76.74kno data
Sufian Ahmad
Non-Executive Director1.5yrsAU$71.24k2.88%
A$ 1.3m
Nitin Tyagi
Non-Executive Director1.3yrsAU$71.24kno data

1.5yrs

Average Tenure

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