Minerals 260 Management

Management criteria checks 1/4

Minerals 260's CEO is Luke McFadyen, appointed in Jul 2023, has a tenure of 1.33 years. total yearly compensation is A$1.43M, comprised of 24.4% salary and 75.6% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth A$47.88K. The average tenure of the management team and the board of directors is 1.8 years and 3.4 years respectively.

Key information

Luke McFadyen

Chief executive officer

AU$1.4m

Total compensation

CEO salary percentage	24.4%
CEO tenure	1.3yrs
CEO ownership	0.2%
Management average tenure	1.8yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

Here's Why We're Not At All Concerned With Minerals 260's (ASX:MI6) Cash Burn Situation

Apr 26

We're Interested To See How Minerals 260 (ASX:MI6) Uses Its Cash Hoard To Grow

Jan 06

Companies Like Minerals 260 (ASX:MI6) Can Afford To Invest In Growth

Sep 15

CEO Compensation Analysis

How has Luke McFadyen's remuneration changed compared to Minerals 260's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$1m	AU$350k	-AU$8m

Compensation vs Market: Luke's total compensation ($USD938.23K) is above average for companies of similar size in the Australian market ($USD301.61K).

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

CEO

Luke McFadyen

1.3yrs

Tenure

AU$1,433,711

Compensation

Mr. Luke McFadyen, FAusIMM, M.Sc., M.B.A., B.Com., B.Sc., serves as Managing Director of Minerals 260 Limited since November 01, 2023 and served as Chief Executive Officer since July 01, 2023 until Novembe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Luke McFadyen	MD & Director	1.3yrs	AU$1.43m	0.16% A$ 47.9k
Curtis Abbott	CFO & Company Secretary	2.3yrs	no data	no data
Matthew Blake	Exploration Manager	1.8yrs	no data	no data

1.8yrs

Average Tenure

Experienced Management: MI6's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Luke McFadyen	MD & Director	no data	AU$1.43m	0.16% A$ 47.9k
David Richards	Non-Executive Director	3.4yrs	AU$412.51k	0.88% A$ 269.1k
Timothy Rupert Goyder	Non-Executive Director	3.4yrs	AU$197.54k	13.32% A$ 4.1m
Anthony Cipriano	Independent Non-Executive Chairman	3.4yrs	AU$316.99k	0.75% A$ 227.8k
Emma Scotney	Independent Non-Executive Director	3yrs	AU$197.54k	0.28% A$ 84.5k

3.4yrs

Average Tenure

63yo

Average Age

Experienced Board: MI6's board of directors are considered experienced (3.4 years average tenure).

Minerals 260 Management

Management criteria checks 1/4

Key information

Recent management updates

MD & Director recently bought AU$50k worth of stock

Less than half of directors are independent

Minerals 260 Limited, Annual General Meeting, Nov 22, 2024

Independent Non-Executive Director recently bought AU$120k worth of stock

Minerals 260 Limited Appoints David Richards to Non-Executive Director

Minerals 260 Limited Appoints Luke McFadyen as Managing Director

Recent updates

MD & Director recently bought AU$50k worth of stock

Less than half of directors are independent

Minerals 260 Limited, Annual General Meeting, Nov 22, 2024

New minor risk - Financial data availability

New major risk - Share price stability

New minor risk - Share price stability

New minor risk - Share price stability

Independent Non-Executive Director recently bought AU$120k worth of stock

Minerals 260 Limited Appoints David Richards to Non-Executive Director

Minerals 260 Limited Appoints Luke McFadyen as Managing Director

New minor risk - Financial data availability

New minor risk - Financial data availability

Non-Executive Director recently bought AU$125k worth of stock

Minerals 260 Limited Announces Transition of Richards to Non-Executive Director

Here's Why We're Not At All Concerned With Minerals 260's (ASX:MI6) Cash Burn Situation

Minerals 260 Limited Provides an Update on the Extensive Reverse Circulation Drilling Program Which Commenced in November 2022 to Test Multiple Targets Across the Moora and Koojan Projects in Western Australia

We're Interested To See How Minerals 260 (ASX:MI6) Uses Its Cash Hoard To Grow

Minerals 260 Limited Announces Major Drilling Campaign Underway At Moora and Koojan

High number of new and inexperienced directors

Minerals 260 Limited Announces Significant Bedrock Palladium-Platinum Intersect for the First Time At Moora Ahead of Major New Drilling Program

Independent Non-Executive Director recently bought AU$82k worth of stock

Minerals 260 Limited (ASX:MI6) executed of a Binding Letter Agreement to acquire Ti Tree Project from Hastings Technology Metals Limited (ASX:HAS) for AUD 55.965 million.

Minerals 260 Limited Advises Further Results from Follow-Up Reverse Circulation Drilling

Minerals 260 Limited, Annual General Meeting, Nov 22, 2022

Companies Like Minerals 260 (ASX:MI6) Can Afford To Invest In Growth

Minerals 260 Limited Announces Retirement of Craig Williams as Non-Executive Director Craig Williams

Minerals 260 Limited Advises Initial Assay Results from Follow-Up Reverse Circulation

Minerals 260 Limited Announces Appointment of Curtis Abbott as Chief Financial Officer, Effective July 1, 2022

Minerals 260 Limited Commences New Drilling Program at its 100%-Owned Moora Gold-Pge-Nickel-Copper Project, WA

High number of new and inexperienced directors

Minerals 260 Limited Announces Second Significant Copper-Gold Zone Discovered At Moora

Minerals 260 Limited Announces Wide Copper-Gold Zone Confirmed At Moora

Minerals 260 Limited Receives Assay Results for the First Four Holes of Recently Completed Drilling Program At Its 100%-Owned Moora Project in Western Australia

High number of new and inexperienced directors

High number of new and inexperienced directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age