Magnetite Mines Management

Management criteria checks 0/4

Magnetite Mines' CEO is Tim Dobson, appointed in Aug 2022, has a tenure of 1.75 years. total yearly compensation is A$1.08M, comprised of 41% salary and 59% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth A$139.98K. The average tenure of the management team and the board of directors is 1.3 years and 2.3 years respectively.

Key information

Tim Dobson

Chief executive officer

AU$1.1m

Total compensation

CEO salary percentage	41.0%
CEO tenure	1.8yrs
CEO ownership	0.5%
Management average tenure	1.3yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Dobson's remuneration changed compared to Magnetite Mines's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$5m
Sep 30 2023	n/a	n/a	-AU$5m
Jun 30 2023	AU$1m	AU$442k	-AU$5m

Compensation vs Market: Tim's total compensation ($USD700.30K) is above average for companies of similar size in the Australian market ($USD293.70K).

Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.

CEO

Tim Dobson

1.8yrs

Tenure

AU$1,077,125

Compensation

Mr. Timothy Dobson, also known as Tim, BAppSc, MAusIMM, GAICD, FAusIMM, has been Chief Executive Officer at Magnetite Mines Limited since August 23, 2022. He serves as Chief Executive Officer at Heron Reso...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Dobson	Chief Executive Officer	1.8yrs	AU$1.08m	0.51% A$ 135.0k
Simon David Smith	CFO & Joint Company Secretary	less than a year	no data	no data
Allan Kane	GM of Sustainability	1.5yrs	no data	no data
Inthu Siva	Company Secretary & Financial Controller	1.1yrs	no data	no data

1.3yrs

Average Tenure

Experienced Management: MGT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
James McKerlie	Chair of the Board	2.3yrs	AU$110.50k	0.21% A$ 54.9k
Simon Wandke	Non-Executive Director	1.9yrs	AU$129.45k	0.030% A$ 8.1k
Paul White	Non-Executive Director	2.3yrs	AU$110.50k	0.52% A$ 138.6k
Carmen Letton	Non-Executive Director	1.3yrs	AU$45.30k	0.071% A$ 18.9k
Peter Schubert	Non-Executive Director	8.4yrs	AU$130.47k	2.45% A$ 650.3k

2.3yrs

Average Tenure

64yo

Average Age

Experienced Board: MGT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Magnetite Mines Management

Management criteria checks 0/4

Key information

Recent management updates

Magnetite Mines Limited, Annual General Meeting, Nov 23, 2023

Magnetite Mines Limited Announces the Appointment of Simon Smith as Chief Financial Officer, Commencing September 2023

Non-Executive Director recently bought AU$99k worth of stock

Magnetite Mines Limited Announces Appointment of Carmen Letton as Non-Executive Director

Less than half of directors are independent

Magnetite Mines Limited, Annual General Meeting, Nov 23, 2022

Recent updates

New major risk - Financial position

New minor risk - Shareholder dilution

New minor risk - Share price stability

Magnetite Mines Limited, Annual General Meeting, Nov 23, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

Magnetite Mines Limited Announces the Appointment of Simon Smith as Chief Financial Officer, Commencing September 2023

Magnetite Mines Limited Launches Foothight Sustainability Platform

Non-Executive Director recently bought AU$99k worth of stock

Magnetite Mines Limited Announces Mineral Resource Estimate Update for the Iron Peak Deposit, and the Razorback Iron Ore Project

Magnetite Mines Limited Announces Appointment of Carmen Letton as Non-Executive Director

Magnetite Mines Limited Provides Update on Razorback Project Optimisation Studies

Magnetite Mines Limited Announces Peer Review Confirms Razorback Process Plant Design

Less than half of directors are independent

Magnetite Mines Limited, Annual General Meeting, Nov 23, 2022

Magnetite Mines Limited Transforms to Meet Growing High-Grade Market

Stephen Weir to Resume as Chief Development Officer of Magnetite Mines Limited

Magnetite Mines Limited Announces Positive Interim Metallurgical Test Results

Magnetite Mines Limited Announces Company Secretary Changes

Magnetite Mines Limited Appoints Simon Wandke as Non-Executive Director

Magnetite Mines Limited Appoints Ian Kirkham as Chief Financial Officer

Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million.

Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million.

Less than half of directors are independent

CFO & Company Secretary Frank DeMarte has left the company

Magnetite Mines Limited Announces Appointment of Ghd to Razorback Definitive Feasibility Study

Less than half of directors are independent

Magnetite Mines Limited Announces Ore Reserve for the Razorback Iron Project

Interim CEO & Executive Chairman exercised options to buy AU$355k worth of stock.

Magnetite Mines Limited Announces Update from Razorback Iron Ore Project Mineral Resource Upgrade

Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.008 million.

Magnetite Mines Limited announced that it expects to receive AUD 7.008 million in funding

Magnetite Mines Limited Names Peter Schubert as Interim Chief Executive Officer

Magnetite Mines Limited Names Mark Eames as Technical Director

Magnetite Mines Limited Appoints Stephen Weir as Chief Development Officer

Magnetite Mines Limited Enters into Agreement with NextOre Pty Ltd

Magnetite Mines Limited announced that it has received AUD 0.075 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age