Magnetic Resources Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

George Sakalidis

Chief executive officer

AU$970.5k

Total compensation

CEO salary percentage	45.2%
CEO tenure	7.6yrs
CEO ownership	3.0%
Management average tenure	no data
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Sakalidis's remuneration changed compared to Magnetic Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$970k	AU$439k	-AU$12m
Mar 31 2024	n/a	n/a	-AU$11m
Dec 31 2023	n/a	n/a	-AU$10m
Sep 30 2023	n/a	n/a	-AU$8m
Jun 30 2023	AU$834k	AU$323k	-AU$7m
Mar 31 2023	n/a	n/a	-AU$7m
Dec 31 2022	n/a	n/a	-AU$7m
Sep 30 2022	n/a	n/a	-AU$7m
Jun 30 2022	AU$331k	AU$302k	-AU$8m
Mar 31 2022	n/a	n/a	-AU$8m
Dec 31 2021	n/a	n/a	-AU$8m
Sep 30 2021	n/a	n/a	-AU$8m
Jun 30 2021	AU$1m	AU$270k	-AU$9m
Mar 31 2021	n/a	n/a	-AU$8m
Dec 31 2020	n/a	n/a	-AU$7m
Sep 30 2020	n/a	n/a	-AU$6m
Jun 30 2020	AU$257k	AU$235k	-AU$5m
Mar 31 2020	n/a	n/a	-AU$4m
Dec 31 2019	n/a	n/a	-AU$3m
Sep 30 2019	n/a	n/a	-AU$3m
Jun 30 2019	AU$343k	AU$217k	-AU$3m
Mar 31 2019	n/a	n/a	-AU$3m
Dec 31 2018	n/a	n/a	-AU$3m
Sep 30 2018	n/a	n/a	-AU$2m
Jun 30 2018	AU$214k	AU$198k	-AU$2m

Compensation vs Market: George's total compensation ($USD630.68K) is about average for companies of similar size in the Australian market ($USD701.06K).

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

CEO

George Sakalidis (67 yo)

7.6yrs

Tenure

AU$970,485

Compensation

Mr. George Sakalidis, B.Sc(Hons), MAusimm, has been Managing Director of Magnetic Resources NL since April 19, 2017 and its Executive Director since January 29, 2016. He served as Head of Exploration at Im...

Board Members

Name	Position	Tenure	Compensation	Ownership
George Sakalidis	MD & Director	8.8yrs	AU$970.49k	3.02% A$ 10.1m
Benjamin Donovan	CFO, Company Secretary & Independent Non-Executive Director	2.7yrs	AU$378.67k	0.0071% A$ 23.8k
Hian Chan	Non-Executive Director	4.8yrs	AU$288.09k	11.31% A$ 37.7m
Jin Huei Lim	Non-Executive Independent Chairman	13.3yrs	AU$288.09k	3.67% A$ 12.2m

6.8yrs

Average Tenure

67yo

Average Age

Experienced Board: MAU's board of directors are considered experienced (6.8 years average tenure).

Magnetic Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Magnetic Resources NL, Annual General Meeting, Nov 15, 2024

Magnetic Resources NL, Annual General Meeting, Nov 28, 2023

Less than half of directors are independent

Magnetic Resources NL, Annual General Meeting, Nov 28, 2022

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Magnetic Resources NL has completed a Follow-on Equity Offering in the amount of AUD 10 million.

Magnetic Resources NL has filed a Follow-on Equity Offering in the amount of AUD 10 million.

New major risk - Financial position

New minor risk - Financial data availability

Magnetic Resources NL, Annual General Meeting, Nov 15, 2024

Magnetic Resources NL (ASX:MAU) entered into an agreement to acquire exploration licence 38/3666 from Rincon Resources Limited (ASX:RCR) for AUD 0.17 million.

Magnetic Resources NL has completed a Follow-on Equity Offering in the amount of AUD 12 million.

Magnetic Resources NL has completed a Follow-on Equity Offering in the amount of AUD 12 million.

New major risk - Financial position

We're Keeping An Eye On Magnetic Resources' (ASX:MAU) Cash Burn Rate

Is Magnetic Resources (ASX:MAU) In A Good Position To Deliver On Growth Plans?

Magnetic Resources NL, Annual General Meeting, Nov 28, 2023

Less than half of directors are independent

Is Magnetic Resources (ASX:MAU) In A Good Position To Deliver On Growth Plans?

Magnetic Resources Nl Provides Update on Progress of Early Works Being Undertaken by Blue Cap Mining At the Hawks Nest

Magnetic Resources NL Updates Mineral Resource Estimates from its Deposits in the Laverton and Homeward Bound Area

Magnetic Resources NL Announces Positive Metallurgical Results from Lady Julie

Magnetic Resources NL Announces Thickest Intersections to Date At Lady Julie North 4

Magnetic Resources Nl Announces Further Assaying from an Initial Aircore Drilling in the Wheatbelt Region of Western Australia Within the Trayning Tenement

Magnetic Resources NL Provides Operational Update

Magnetic Resources NL, Annual General Meeting, Nov 28, 2022

Full year 2022 earnings released: AU$0.035 loss per share (vs AU$0.042 loss in FY 2021)

Magnetic Resources NL Announces Initial Aircore Drilling at Trayning Tenement

Magnetic Resources NL Announces Mineralisation Expands Both to North and East At Lady Julie

Magnetic Resources NL Commences Drilling at Lady Julie North 4

Magnetic Resources NL Announces Thick 56M At 2.2G/T Gold Intersection At Lady Julie North 4

Magnetic Resources NL announced that it expects to receive AUD 1.1025 million in funding

Magnetic Resources NL Announces Maiden Mineral Resource Estimate

Magnetic Resources NL Announces Second Parallel Mineralized Structure At Lady Julie Central

Less than half of directors are independent

Less than half of directors are independent

Magnetic Resources NL Announces Board Changes

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Magnetic Resources NL Announces Thicker Intersections Continue at Laverton Gold Projects

Magnetic Resources NL Announces High Grade Intersections and Vertical Shoots At Lady Julie

Non-Executive Independent Chairman exercised options to buy AU$2.3m worth of stock.

Magnetic Resources NL Announces Homeward Bound South Shapes up with 20M AT 3G/T from 64M

Magnetic Resources NL announced that it expects to receive AUD 1.020479 million in funding

Full year 2021 earnings released: AU$0.042 loss per share (vs AU$0.023 loss in FY 2020)

Magnetic Resources NL Announces Drilling Results at Lady Julie

Magnetic Resources Nl Provides Update on Lady Julie Project

Magnetic Resources NL Announces Nine Gold Targets Defined over 14Km At Hn5, Hn6, Hn9 and Lady Julie

Magnetic Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2.63 million.

Magnetic Resources NL to Commence Exploration at Nickel Project East of Julimar

Magnetic Resources NL announced that it expects to receive AUD 2.6 million in funding

What Is The Ownership Structure Like For Magnetic Resources NL (ASX:MAU)?

New 90-day high: AU$1.47

Magnetic Resources NL Announces Infill Drilling at HN9 identifies 4m @70g/t AU from Surface

New 90-day high: AU$1.44

New 90-day high: AU$1.30

Magnetic Resources NL Announces Shallow Seismic Searching for Multiple Thickened Lodes

Magnetic Resources NL announced that it expects to receive AUD 0.6018 million in funding

New 90-day low: AU$1.10

Full year earnings released - AU$0.023 loss per share

Magnetic Resources NL Announces High Grade Intersections in Thickened Zone A Hawks Nest 9

New 90-day low: AU$1.14

Magnetic Resources NL announced that it has received AUD 7.098249 million in funding

Magnetic Resources NL announced that it expects to receive AUD 7.114709 million in funding

New 90-day high - AU$1.67

New 90-day high - AU$1.50

Magnetic Resources NL (ASX:MAU) acquired Homeward Bound South tenements for AUD 0.24 million.

What Kind Of Investors Own Most Of Magnetic Resources NL (ASX:MAU)?

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age