Maximus Resources Management

Management criteria checks 4/4

Maximus Resources' CEO is Tim Wither, appointed in Aug 2020, has a tenure of 3.75 years. total yearly compensation is A$442.25K, comprised of 62.2% salary and 37.8% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth A$72.95K. The average tenure of the management team and the board of directors is 3.8 years and 3.8 years respectively.

Key information

Tim Wither

Chief executive officer

AU$442.3k

Total compensation

CEO salary percentage	62.2%
CEO tenure	3.8yrs
CEO ownership	0.7%
Management average tenure	3.8yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

We're Hopeful That Maximus Resources (ASX:MXR) Will Use Its Cash Wisely

Apr 30

CEO Compensation Analysis

How has Tim Wither's remuneration changed compared to Maximus Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$983k
Sep 30 2023	n/a	n/a	-AU$1m
Jun 30 2023	AU$442k	AU$275k	-AU$1m
Mar 31 2023	n/a	n/a	-AU$1m
Dec 31 2022	n/a	n/a	-AU$1m
Sep 30 2022	n/a	n/a	-AU$1m
Jun 30 2022	AU$584k	AU$269k	-AU$1m
Mar 31 2022	n/a	n/a	-AU$1m
Dec 31 2021	n/a	n/a	-AU$1m
Sep 30 2021	n/a	n/a	-AU$1m
Jun 30 2021	AU$437k	AU$222k	-AU$1m

Compensation vs Market: Tim's total compensation ($USD289.00K) is about average for companies of similar size in the Australian market ($USD292.20K).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

CEO

Tim Wither

3.8yrs

Tenure

AU$442,252

Compensation

Mr. Timothy James Wither, also known as Tim, MBA, BSc, GDip (Mining), GradDipNatRs, GIACD, MAusIMM serves as Managing Director and Director of Maximus Resources Limited since August 10, 2020. Mr. Wither se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Wither	MD & Director	3.8yrs	AU$442.25k	0.69% A$ 72.9k
Gregor Bennett	Exploration Manager	1.3yrs	AU$275.12k	0.47% A$ 49.5k
Rajita Alwis	Company Secretary	4.4yrs	AU$78.00k	no data

3.8yrs

Average Tenure

Experienced Management: MXR's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Wither	MD & Director	3.8yrs	AU$442.25k	0.69% A$ 72.9k
Martin Janes	Independent Non-Executive Chairman	4.8yrs	AU$50.00k	0.53% A$ 56.6k
Graham McGarry	Non-Executive Director	1.3yrs	AU$19.79k	no data

3.8yrs

Average Tenure

Experienced Board: MXR's board of directors are considered experienced (3.8 years average tenure).

Maximus Resources Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Maximus Resources Limited Announces Board Changes

Maximus Resources Limited, Annual General Meeting, Nov 30, 2023

Maximus Resources Limited Announces Board Changes

Maximus Resources Limited Announces Directorate Changes

Maximus Resources Limited, Annual General Meeting, Nov 11, 2022

Recent updates

Maximus Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.209458 million.

Less than half of directors are independent

Maximus Resources Limited Announces Board Changes

Maximus Resources Limited, Annual General Meeting, Nov 30, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

New minor risk - Share price stability

Maximus Resources Limited Announces Board Changes

Maximus Resources Limited Provides an Update on Activities At the Spargoville Gold and Nickel Project

Maximus Resources Limited Announces Directorate Changes

Maximus Resources Limited Updates on Mineral Resource Estimate for the Redback Gold Project

Maximus Resources Limited Announces Results from Reverse Circulation Programme At Wattle Dam Gold Project

Maximus Resources Limited, Annual General Meeting, Nov 11, 2022

Maximus Resources Limited (ASX:MXR) completed the acquisition of 192ha prospecting license P15/6241 from Felice Farella.

Maximus Resources Limited Announces Drilling Completion at Wattle Dam and Provides Exploration Update

MD & Director exercised options to buy AU$63k worth of stock.

Maximus Resources Limited (ASX:MXR) signed a binding Sale Agreement to acquire 100% interest of the 192ha prospecting license P15/6241 from Felice Farella.

Maximus Resources Limited Announces Drill Programme Commences at Wattle Dam - Golden Orb Trend

Maximus Resources Limited Announces Assay Results from Hilditch Gold Project

Maximus Resources Limited Provides Update on the Lithium Exploration Across the Spargoville Tenements

Maximus Resources Limited Announces the High-Grade Gold Intersections Continue At Wattle Dam Project

We're Hopeful That Maximus Resources (ASX:MXR) Will Use Its Cash Wisely

High number of new and inexperienced directors

Maximus Resources Limited Updates on the Lithium Exploration Progress Across the Spargoville Tenements

Maximus Resources Limited Provides Initial Assay Results from the Recently Completed Western Australian Government Exploration Incentive Scheme

Maximus Resources Limited Provides Exploration Update on Hilditch West

High number of new and inexperienced directors

Maximus Resources Limited Reports the Completion of Petrography Analysis Determining Nickel Sulfide Mineral Types from the Recent RC Drill Programme

Maximus Resources Limited Announces Maiden Wattle Dam Stockwork Mineral Resource Estimate

Maximus Resources Limited Provides Gold Exploration Update

Maximus Resources Limited announced that it expects to receive AUD 12 million in funding

Maximus Resources Ltd Intersects Encouraging Nickel Sulphide Assay Results from Its Maiden Reverse Circulation (Rc) Drill Program At the Hilditch West Target in Western Australia

Maximus Resources Limited Announces That RC Drilling Commenced At Redback Gold Deposit

Maximus Resources Limited Commences Fixed Loop Electromagnetic Geophysics Survey at Hilditch Nickel Target, Located 25Km from BHP's Kambalda Nickel Concentrator

Maximus Resources Limited Announces Drilling Starts At Hilditch West Gold Target

Maximus Resources Limited Announces Drill Campaign At Wattle Dam Gold Mine

Maximus Resources Limited Announces Commencement of Larkinville Extension and Infill RC Drilling

Maximus Resources Limited Commences RC Drill Campaign Across Regional Exploration Gold Targets

Maximus Resources Limited announced that it expects to receive AUD 1.511884 million in funding

Maximus Resources Limited Announces Sulphides Intersected At Wattle Dam East Conductor

Maximus Resources Limited Announces Visible Gold Occurrence from the Ongoing Diamond Drill Programme

Maximus Resources Limited Commences Drilling at Priority Nickel Drill Target

Maximus Resources Limited Announces Initial Diamond Drill Results from the Ongoing Diamond Drill Programme at Redback Gold Deposit

Maximus Resources Limited Announces EM Identifies Priority Drill Target at Wattle Dam East

Maximus Resources Limited Announces Reverse Circulation Drilling Gold Assays At the Company's S5 Prospect

Maximus Resources Limited Update of the Hilditch Gold Project

Maximus Resources Limited Announces Resignation of Kevin Malaxos as Non-Executive Director Effective 30 November 2020

Maximus Resources Limited Commences RC Drill Campaigns

New 90-day high - AU$0.21

Mineral Ventures Pty Ltd completed the acquisition of Burbanks Gold Treatment Plant in Coolgaride, Western Australia from Maximus Resources Limited (ASX:MXR).

Maximus Resources Limited announced that it expects to receive AUD 3.18 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure