Spartan Resources Limited
ASX:SPR Stock Report
Spartan Resources Management
Management criteria checks 0/4 We currently do not have sufficient information about the CEO.
Key information
Simon Lawson
Chief executive officer
AU$4.0m
Total compensation
CEO salary percentage 9.3% CEO tenure 3yrs CEO ownership 1.1% Management average tenure 1.9yrs Board average tenure 1.8yrs
Recent management updates
Spartan Resources Limited, Annual General Meeting, Nov 07, 2024 Oct 08
High number of new and inexperienced directors Sep 01
Spartan Resources Limited Announces Company Secretary Changes, Effective from 31 August 2024 Aug 30
Spartan Resources Limited Appoints Mark Hine as Director Aug 24
Spartan Resources Limited Announces Resignation of Hansjoerg Plaggemars as A Non-Executive Director of the Company, Effective from 30 June 2024 Jun 28
MD, CEO & Executive Director recently sold AU$2.8m worth of stock Jun 25
Show all updates Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Benz Mining Corp. (TSXV:BZ) agreed to acquire Glenburgh and Egerton Gold Projects of Spartan Resources from Spartan Resources Limited (ASX:SPR) for AUD 15.6 million. Nov 05
Spartan Resources Limited, Annual General Meeting, Nov 07, 2024 Oct 08
We're Not Very Worried About Spartan Resources' (ASX:SPR) Cash Burn Rate Sep 27
High number of new and inexperienced directors Sep 01
Spartan Resources Limited Announces Company Secretary Changes, Effective from 31 August 2024 Aug 30
Spartan Resources Limited Appoints Mark Hine as Director Aug 24
New major risk - Revenue and earnings growth Jul 24
Spartan Resources Limited Announces Resignation of Hansjoerg Plaggemars as A Non-Executive Director of the Company, Effective from 30 June 2024 Jun 28
MD, CEO & Executive Director recently sold AU$2.8m worth of stock Jun 25 Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 80.277388 million. Apr 19
Spartan Resources Limited Announces Board Changes Mar 21
First half 2024 earnings released: AU$0.029 loss per share (vs AU$0.085 loss in 1H 2023) Mar 16
New major risk - Financial position Mar 15
Spartan Resources Limited's (ASX:SPR) Low P/S No Reason For Excitement Jan 18
New major risk - Revenue and earnings growth Dec 14 Spartan Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million. Nov 24
Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million. Nov 17
Improved Revenues Required Before Spartan Resources Limited (ASX:SPR) Stock's 26% Jump Looks Justified Oct 06
Forecast to breakeven in 2025 Sep 29
Gascoyne Resources Limited Announces Company Secretary Changes Aug 01
Gascoyne Resources Limited Announces the Appointment of Mr. John Hodder as a Non-Executive Director to the Board May 12
First half 2023 earnings released: AU$0.085 loss per share (vs AU$0.11 loss in 1H 2022) Mar 16
Less than half of directors are independent Mar 09
Gascoyne Resources Limited Announces Calculate an Exploration Target for the Never Never Gold Deposit Feb 08
Gascoyne Resources Limited Receives Exceptional New Assay Results Confirming the Scale and Significance of the High-Grade Never Never Gold Deposit Dec 13
Now 22% undervalued after recent price drop Nov 03 Gascoyne Resources Limited Announces Mining of New, Higher-Grade Ore Sources to Commence in November Oct 28
Gascoyne Resources Limited Receives Assay Results from Dalgaranga Gold Project in Western Australia Oct 24
Now 21% undervalued after recent price drop Oct 19
E79 Gold Mines Limited (ASX:E79) acquired gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY). Oct 17
Price target decreased to AU$0.40 Oct 14
Gascoyne Resources Limited Announces Further Spectacular Assays from Near-Mine Resource Drilling at its Never Never Gold Deposit Oct 12
Gascoyne Resources Limited Auditor Raises 'Going Concern' Doubt Oct 01
Full year 2022 earnings: EPS misses analyst expectations Sep 30
E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million. Sep 30
E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million. Sep 29
E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million. Sep 28
Gascoyne Resources Limited Updates 2022 Ore Reserve Statement Sep 21
Gascoyne Resources Limited Intercepts Highlight Potential to Double Never Never Extent Sep 14
Gascoyne Resources Limited Presents Its 2022 Mineral Resource Statement Sep 08
Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth Sep 07
Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth Sep 06
Gascoyne Resources Limited Provides Production Update Aug 31
Gascoyne Resources Limited, Annual General Meeting, Nov 03, 2022 Aug 26
Consensus forecasts updated Aug 19
Gascoyne Resources Limited Announces Discovery of High-Grade Gold at Dalgaranga Aug 18
Gascoyne Resources Limited Reports Further Significant Drill Intercepts from Ongoing Resource Drilling Programs At the Gilbey's East Prospect Aug 11
Gascoyne Resources Limited Announces Gilbey's North High-Grade Zone Extended Aug 10
Gascoyne Resources Limited Announces Exceptional New Intercept At Gilbey's North Discovery Jul 13
Price target decreased to AU$0.47 Jun 28 Gascoyne Resources Limited Announces Exceptional New Intercept at Gilbey's North Discovery Jun 22
Gascoyne Resources Limited Announces Multiple High-Grade Zones Intersected in Gilbey's Footwall Area At Dalgaranga Gold Project in Western Australia Jun 01
Capricorn Metals Ltd (ASX:CMM) signed a binding agreement to acquire Mumbakine Well Project from Gascoyne Resources Limited (ASX:GCY) for Approximately AUD 5 million. May 31
Less than half of directors are independent Apr 27
Gascoyne Resources Limited Appoints Rowan Johnston as Non-Executive Chair Mar 31
First half 2022 earnings: EPS exceeds analyst expectations Mar 12
Gascoyne Resources Limited Reports New Highly Encouraging Drill Results from Near-Mine Exploration at the 100%-Owned Dalgaranga Gold Project in Western Australia Feb 25
Gascoyne Resources Limited to Report Further Highly Encouraging Drilling Results Feb 17
Consensus forecasts updated Feb 11
Gascoyne Resources Limited Announces Near-Mine Exploration Delivers Breakthrough with Discovery Immediately North of Gilbey's Pit Feb 08
Gascoyne Resources Limited Announces Executive Changes Jan 31
Consensus forecasts updated Jan 15
Consensus forecasts updated Dec 22 Gascoyne Resources Limited Accelerates Strategy to Unlock New Higher-Grade Near-Mine Ore Sources At Dalgaranga
Gascoyne Resources Limited Reports Updated Mineral Resource for the Yalgoo Gold Project Dec 08
Less than half of directors are independent Nov 19
Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) for AUD 105 million. Oct 02
Full year 2021 earnings released Sep 25
Gascoyne Resources Limited (ASX:GCY) have entered into a binding Scheme Implementation Deed to acquire Firefly Resources Limited (ASX:FFR) for AUD 38.7 million Jun 16
Gascoyne Resources Limited Provides Update on Exploration Activities At Exploration Projects in Western Australia Jun 09
Consensus EPS estimates fall to -AU$0.11 Jun 08
Gascoyne Resources Limited Provides Production Guidance for the Financial Year Ending 30 June 2021 and Fiscal Year 2022 Jun 04
Gascoyne Resources Limited Announces to Provide an Update on the Company's Current Mineral Resources and Ore Reserves May 31
First half 2021 earnings released: EPS AU$0.20 (vs AU$0.35 loss in 1H 2020) Mar 02
Gascoyne Resources Limited Provides an Update on Exploration Activities At the Dalgaranga Gold Project Feb 18
Gascoyne Resources Limited to Provide Update on Accelerated Exploration Activities at Advanced Exploration and New Discovery Projects in Western Australia Feb 04
New 90-day high: AU$0.55 Jan 24
Is Gascoyne Resources Limited (ASX:GCY) Popular Amongst Institutions? Jan 20
Gascoyne Resources Limited Provides an Update on Resource Extension Activities at the Dalgaranga Gold Project in Western Australia Jan 20
Gascoyne Resources Limited to Report Q2, 2021 Results on Jan 21, 2021 Jan 19
Gascoyne Resources Limited Provides an Updated Mineral Resource Estimate for the Glenburgh Gold Project ("Glenburgh") in Western Australia Dec 20
Gascoyne Resources Limited Provides an Update on Activities at the Dalgaranga Gold Project Nov 16
CEO Compensation Analysis How has Simon Lawson's remuneration changed compared to Spartan Resources's earnings? Date Total Compensation Salary Company Earnings Jun 30 2024 AU$4m AU$375k -AU$51m
Mar 31 2024 n/a n/a -AU$38m
Dec 31 2023 n/a n/a -AU$25m
Sep 30 2023 n/a n/a -AU$30m
Jun 30 2023 AU$929k AU$375k -AU$35m
Mar 31 2023 n/a n/a -AU$61m
Dec 31 2022 n/a n/a -AU$86m
Sep 30 2022 n/a n/a -AU$84m
Jun 30 2022 AU$827k AU$241k -AU$81m
Compensation vs Market: Simon's total compensation ($USD2.64M) is above average for companies of similar size in the Australian market ($USD1.09M).
Compensation vs Earnings: Simon's compensation has increased whilst the company is unprofitable.
CEO Mr. Simon Irwin Lawson, M.Sc. serves as Managing Director, Chief Executive Officer & Executive Director at Spartan Resources Limited (formerly known as Gascoyne Resources Limited) since November 13, 2021 a ... Show more
Leadership Team Name Position Tenure Compensation Ownership MD, CEO & Interim Executive Chairman 3yrs AU$4.04m 1.05% A$ 13.8m Chief Financial Officer & Joint Company Secretary 3yrs AU$1.55m 0.00081% A$ 10.6k Chief Operating Officer less than a year AU$405.67k no data General Manager of Exploration & Development no data AU$1.05m 0% A$ 0 GM of Murchison Operations & Chief Geologist 1.9yrs AU$1.06m no data Executive Director & Joint Company Secretary less than a year AU$687.02k 0.011% A$ 147.4k
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Experienced Management: SPR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members Name Position Tenure Compensation Ownership MD, CEO & Interim Executive Chairman 3yrs AU$4.04m 1.05% A$ 13.8m Executive Director & Joint Company Secretary 3yrs AU$687.02k 0.011% A$ 147.4k Independent Non-Executive Director less than a year no data 0.0018% A$ 23.5k Independent Non-Executive Director less than a year AU$21.45k 0.0028% A$ 36.7k
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Experienced Board: SPR's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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