QX Resources Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Steve Promnitz

Chief executive officer

AU$508.4k

Total compensation

CEO salary percentage	13.4%
CEO tenure	1.7yrs
CEO ownership	n/a
Management average tenure	no data
Board average tenure	4.8yrs

Recent management updates

Recent updates

Here's Why We're Not Too Worried About QX Resources' (ASX:QXR) Cash Burn Situation

Nov 09

QX Resources (ASX:QXR) Is In A Good Position To Deliver On Growth Plans

Apr 22

CEO Compensation Analysis

How has Steve Promnitz's remuneration changed compared to QX Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$2m
Sep 30 2023	n/a	n/a	-AU$2m
Jun 30 2023	AU$508k	AU$68k	-AU$2m

Compensation vs Market: Steve's total compensation ($USD336.12K) is about average for companies of similar size in the Australian market ($USD295.39K).

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

CEO

Steve Promnitz (58 yo)

1.7yrs

Tenure

AU$508,352

Compensation

Mr. Stephen C. Promnitz, also known as Steve, B.Sc (Hons), serves as Managing Director at QX Resources Limited from September 2022, to facilitate the growth and development of the lithium assets in Western...

Board Members

Name	Position	Tenure	Compensation	Ownership
Maurice Feilich	Executive Chairman	6.8yrs	AU$120.00k	1.87% A$ 270.4k
Stephen Promnitz	MD & Director	1.7yrs	AU$508.35k	no data
Daniel Smith	Company Secretary & Independent Non-Executive Director	5.9yrs	AU$72.00k	0.068% A$ 9.7k
Roger Jackson	Non-Executive Director	3.7yrs	AU$24.00k	0.19% A$ 27.3k

4.8yrs

Average Tenure

58yo

Average Age

Experienced Board: QXR's board of directors are considered experienced (4.8 years average tenure).

QX Resources Management

Management criteria checks 2/4

Key information

Recent management updates

QX Resources Limited Announces Resignation of Benjamin Jarvis, Effective 27 October 2023

QX Resources Limited, Annual General Meeting, Nov 29, 2023

Less than half of directors are independent

QX Resources Limited, Annual General Meeting, Nov 30, 2022

Executive Chairman exercised options to buy AU$635k worth of stock.

Less than half of directors are independent

Recent updates

New major risk - Market cap size

New major risk - Share price stability

Here's Why We're Not Too Worried About QX Resources' (ASX:QXR) Cash Burn Situation

QX Resources Limited Announces Resignation of Benjamin Jarvis, Effective 27 October 2023

New minor risk - Shareholder dilution

New major risk - Financial position

QX Resources Limited, Annual General Meeting, Nov 29, 2023

QX Resources Limited agreed to acquire Liberty Lithium project in California, USA.

QX Resources (ASX:QXR) Is In A Good Position To Deliver On Growth Plans

QX Resources Limited Recommences RC Drilling at the 100%-Owned Turner River Hard Rock Lithium Project

QX Resources Limited Commences Drilling on New Lithium Project At Turner River

Less than half of directors are independent

QX Resources Limited Commence Drilling This Month At Turner River Lithium

QX Resources Limited Reports Further Assay Results Confirming High Grade Lithium from Recent Rock Sampling Program At Its 100%-Owned Turner River Hard Rock Lithium Project

QX Resources Limited, Annual General Meeting, Nov 30, 2022

Executive Chairman exercised options to buy AU$635k worth of stock.

Less than half of directors are independent

QX Resources Limited Appoints Steve Promnitz as Director

QX Resources Announces Extensive Sampling Completed At WA Lithium Projects

QX Resources Limited Completes Phase Two Trenching Program At Red Dog

QX Resources Limited Announces That E45/6065 Has Been Granted for an Initial 5-Year Term

Qx Resources Limited Announces Assay Results from A Reconnaissance Rock Chip Sampling Program Undertaken At Its Turner River Lithium Project Located Within the Pilbara Lithium Province, Western Australia

QX Resources Limited Announces Recommencement of Phase Two Trenching Program At Red Dog

QX Resources Limited Announces First Phase of Exploration Underway At Pilbara Lithium Projects

QX Resources Limited (ASX:QXR) entered into a sale and purchase agreement to acquire Yule River Lithium Project E45/6159 for AUD 1 million.

QX Resources Limited announced that it expects to receive AUD 2.85 million in funding from Suzhou TA&A Ultra Clean Technology Co.,LTD.

QX Resources Limited Provides an Update on Big Red and Red Dog Prospects

QX Resources Limited (ASX:QXR) entered into a sale and purchase agreement to acquire Exploration License Application E45/6107 from Redstone Metals Pty Ltd. for AUD 0.041 million.

QX Resources Limited Expands its Pilbara Lithium Portfolio

QX Resources Limited Reports Encouraging Rock Chip Geochemical Results Amongst Several Samples Taken During the Initial Reconnaissance Field Inspection on the Turner River Lithium Project

QX Resources Limited (ASX:QXR) exercised the option agreement to acquire Western Shaw lithium project (E45/4960) from Redstone Metals Pty Ltd for AUD 2.06 million.

QX Resources Limited Reports the Queensland Department of Resources Now Granted the company an Exploration Licence

QX Resources Limited Announces Red Dog and Lucky Break Trenching Program Complete

High number of new directors

QX Resources Limited Announces the Completion and Assay of the 1,512M Stage 1 RC Drill Program At the Lucky Break Prospect on EPM 14790 (Mazeppa) in the Clermont Gold Project

QX Resources Limited Announces Drilling Completed At Lucky Break Gold Mine

QX Resources Limited to Commence Drill Program At Lucky Break Gold Mine

QX Resources Limited Announces Commencement of Queensland Exploration Program

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age