Alara Resources Management

Management criteria checks 3/4

Alara Resources' CEO is Atmavireshwar Sthapak, appointed in Jul 2020, has a tenure of 4.33 years. total yearly compensation is A$431.65K, comprised of 86.4% salary and 13.6% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth A$127.45K. The average tenure of the management team and the board of directors is 5.4 years and 4.3 years respectively.

Key information

Atmavireshwar Sthapak

Chief executive officer

AU$431.6k

Total compensation

CEO salary percentage	86.4%
CEO tenure	4.3yrs
CEO ownership	0.5%
Management average tenure	5.4yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Atmavireshwar Sthapak's remuneration changed compared to Alara Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$432k	AU$373k	-AU$6m
Mar 31 2024	n/a	n/a	-AU$4m
Dec 31 2023	n/a	n/a	-AU$2m
Sep 30 2023	n/a	n/a	-AU$2m
Jun 30 2023	AU$415k	AU$356k	-AU$2m
Mar 31 2023	n/a	n/a	-AU$2m
Dec 31 2022	n/a	n/a	-AU$2m
Sep 30 2022	n/a	n/a	-AU$1m
Jun 30 2022	AU$342k	AU$291k	-AU$1m
Mar 31 2022	n/a	n/a	-AU$1m
Dec 31 2021	n/a	n/a	-AU$981k
Sep 30 2021	n/a	n/a	-AU$1m
Jun 30 2021	AU$281k	AU$255k	-AU$2m
Mar 31 2021	n/a	n/a	-AU$1m
Dec 31 2020	n/a	n/a	-AU$720k
Sep 30 2020	n/a	n/a	-AU$223k
Jun 30 2020	AU$306k	AU$253k	AU$274k
Mar 31 2020	n/a	n/a	AU$840
Dec 31 2019	n/a	n/a	-AU$272k
Sep 30 2019	n/a	n/a	-AU$363k
Jun 30 2019	AU$290k	AU$250k	-AU$455k
Mar 31 2019	n/a	n/a	-AU$672k
Dec 31 2018	n/a	n/a	-AU$890k
Sep 30 2018	n/a	n/a	-AU$791k
Jun 30 2018	AU$189k	AU$151k	-AU$692k

Compensation vs Market: Atmavireshwar's total compensation ($USD280.78K) is about average for companies of similar size in the Australian market ($USD297.98K).

Compensation vs Earnings: Atmavireshwar's compensation has increased whilst the company is unprofitable.

CEO

Atmavireshwar Sthapak

4.3yrs

Tenure

AU$431,645

Compensation

Mr. Atmavireshwar Sthapak B.Sc., MTech (Applied Geology), MAusIMM has been an Executive Director of Alara Resources Limited since February 3, 2016 and serves as its Managing Director since July 28, 2020. H...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Atmavireshwar Sthapak	MD & Executive Director	4.3yrs	AU$431.65k	0.54% A$ 127.4k
Dinesh Aggarwal	CFO & Company Secretary	6.5yrs	AU$47.32k	1.19% A$ 282.3k
Nishith Chandra	Head of HR - AHRL	no data	AU$15.76k	no data
Gautam Jain	Financial Controller - AHRL	no data	AU$17.86k	no data
Mobashirul Hoda	HSC Head - AHRL	no data	AU$83.87k	no data
Avigyan Bera	Chief Executive Officer of AHRL	4.1yrs	AU$107.16k	no data
Rexin Kamilas	Finance & Administrative Manager	8.3yrs	no data	no data
Lujaina Al-Balushi	Human Resource Manager	no data	no data	no data
Rajesh Gandhi	Finance Controller	no data	no data	no data
Fadi Zenaty	Chief Executive Officer of ATSW	no data	no data	no data

5.4yrs

Average Tenure

Experienced Management: AUQ's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Atmavireshwar Sthapak	MD & Executive Director	9.2yrs	AU$431.65k	0.54% A$ 127.4k
Devaki Khimji	Non-Executive Director	2.8yrs	AU$27.50k	no data
Vikas Jain	Non-Executive Director	8.6yrs	AU$50.00k	5.26% A$ 1.2m
Stephen Gethin	Non-Executive Chairman	4.4yrs	AU$82.50k	0.21% A$ 49.5k
Sanjeev Kumar	Independent Non-Executive Director	4.1yrs	AU$27.52k	no data
Farrokh Masani	Alternate Director	2.8yrs	no data	1.62% A$ 383.8k

4.3yrs

Average Tenure

Experienced Board: AUQ's board of directors are considered experienced (4.3 years average tenure).

Alara Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Alara Resources Limited, Annual General Meeting, Nov 29, 2024

Alara Resources Limited, Annual General Meeting, Nov 28, 2023

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Alara Resources Limited, Annual General Meeting, Nov 25, 2022

Recent updates

Alara Resources Limited, Annual General Meeting, Nov 29, 2024

Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.003 loss in FY 2023)

New minor risk - Financial data availability

Power Capital Investments Ltd signed a non-binding Heads of Terms to acquire 12.5% stake in Block 8 concession in Oman from Alara Resources Limited (ASX:AUQ) and Awtad Copper LLC for $0.74 million.

New major risk - Share price stability

New major risk - Share price stability

First half 2024 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2023)

Alara Resources Limited, Annual General Meeting, Nov 28, 2023

Less than half of directors are independent

Less than half of directors are independent

New minor risk - Financial data availability

First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2022)

Alara Resources Limited Announces First High-Grade Copper Sulphide Ore Mined at Wash-Hi Majaza Mine

Alara Resources Limited Announces Construction Work Now Underway on Infrastructure That Will Supply Process Water for Al Hadeetha Copper Project in Northern Region of the Sultanate of Oman

Alara Resources Limited Announces Al Wash-Hi Majaza Copper Project Construction Progress

Less than half of directors are independent

Alara Resources Limited, Annual General Meeting, Nov 25, 2022

Alara Resources Limited Announces Further Significant Progress in the Construction Phase of the Al Hadeetha Copper Project in That Country

Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2021)

Alara Resources Limited Provides Update on Its Project Development Activities At the Al Wash-Hi Majaza Copper-Gold Project

Less than half of directors are independent

Alara Resources Limited Provides an Update on Its Project Development Activities At the Al Wash-Hi Majaza Copper-Gold Project in Oman

Alara Resources Limited Provides an Update on Its Project Development Activities At the Al Hadeetha Copper Project

Alara Resources Limited Provides an Update on Its Project Development Activities At the Al Hadeetha Copper Project

Alara Resources Limited Provides Update on Al Wash-Hi Copper Project Construction Activity Equipment Delivery and Schedule

Less than half of directors are independent

Kingdom of Saudi Arabia Ministry of Industry and Mineral Resources Selects Alara Resources Limited to Participate in the Final Round of Process to Award an Exploration License

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Alara Resources Limited Announces Mining and Procurement Progress At Wash-Hi Majaza Project

Alara Resources Limited Announces the Commencement of Mining Activities at AL Hadeetha Resources LLC's Al Wash-HiMajaza Copper-Gold Project

Alara Resources Limited Announces Board Appointments

Alara Resources Limited Provides an Update on the Accelerated Progress of Construction and Procurement Activities At the Al Hadeetha At the Wash- Hi Majaza Copper-Gold Project

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Alara Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.904659 million.

Alara Resources Limited Announces Resignation of Avi Sthapak as Non-Executive Director

Alara Resources Limited Not Approves the Election of J Richard as Director

Alara Resources Limited announced that it expects to receive AUD 1.904659 million in funding from Al Tasnim Infrastructure

Alara Resources Limited, Annual General Meeting, Nov 30, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure