Calidus Resources Management

Management criteria checks 2/4

Calidus Resources' CEO is Dave Reeves, appointed in Jun 2017, has a tenure of 7.25 years. total yearly compensation is A$977.29K, comprised of 43% salary and 57% bonuses, including company stock and options. directly owns 2.82% of the company’s shares, worth A$2.65M. The average tenure of the management team and the board of directors is 5.4 years and 5.1 years respectively.

Key information

Dave Reeves

Chief executive officer

AU$977.3k

Total compensation

CEO salary percentage	43.0%
CEO tenure	7.3yrs
CEO ownership	2.8%
Management average tenure	5.4yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Reeves's remuneration changed compared to Calidus Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$20m
Sep 30 2023	n/a	n/a	-AU$13m
Jun 30 2023	AU$977k	AU$420k	-AU$6m
Mar 31 2023	n/a	n/a	-AU$8m
Dec 31 2022	n/a	n/a	-AU$10m
Sep 30 2022	n/a	n/a	-AU$9m
Jun 30 2022	AU$577k	AU$330k	-AU$9m
Mar 31 2022	n/a	n/a	-AU$7m
Dec 31 2021	n/a	n/a	-AU$6m
Sep 30 2021	n/a	n/a	-AU$5m
Jun 30 2021	AU$408k	AU$288k	-AU$5m
Mar 31 2021	n/a	n/a	-AU$4m
Dec 31 2020	n/a	n/a	-AU$4m
Sep 30 2020	n/a	n/a	-AU$3m
Jun 30 2020	AU$518k	AU$241k	-AU$2m
Mar 31 2020	n/a	n/a	-AU$2m
Dec 31 2019	n/a	n/a	-AU$3m
Sep 30 2019	n/a	n/a	-AU$2m
Jun 30 2019	AU$291k	AU$275k	-AU$1m
Mar 31 2019	n/a	n/a	-AU$937k
Dec 31 2018	n/a	n/a	-AU$631k
Sep 30 2018	n/a	n/a	-AU$2m
Jun 30 2018	AU$283k	AU$204k	-AU$3m

Compensation vs Market: Dave's total compensation ($USD673.16K) is above average for companies of similar size in the Australian market ($USD312.73K).

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

CEO

Dave Reeves (55 yo)

7.3yrs

Tenure

AU$977,287

Compensation

Mr. David Russell Stuart Reeves, also known as Dave, Bsc (Min Eng.), F.Fin, MAUSIM, MSAIMM, has been Managing Director of Calidus Resources Limited since June 2, 2017. He had been a Non-Executive Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Reeves	MD & Director	7.3yrs	AU$977.29k	2.82% A$ 2.6m
Richard Hill	Chief Financial Officer	4.8yrs	AU$749.71k	no data
Richard McLeod	Chief Operating Officer	less than a year	no data	no data
Julia Beckett	Company Secretary	6yrs	no data	no data

5.4yrs

Average Tenure

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

Board Members

Name	Position	Tenure	Compensation	Ownership
David Reeves	MD & Director	7.3yrs	AU$977.29k	2.82% A$ 2.6m
Mark Connelly	Independent Non-Executive Chairman of the Board	6.6yrs	AU$241.49k	0.16% A$ 145.3k
John Ciganek	Non-Executive Director	3.7yrs	AU$104.49k	0.0085% A$ 7.9k
Kate George	Non-Executive Director	2.6yrs	AU$128.72k	0.038% A$ 35.3k

5.1yrs

Average Tenure

Experienced Board: CAI's board of directors are considered experienced (5.1 years average tenure).

Calidus Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Calidus Resources Limited, Annual General Meeting, Nov 14, 2024

Calidus Resources Limited Announces Appointment of Richard Mcleod as Chief Operating Officer

Calidus Resources Limited, Annual General Meeting, Nov 14, 2023

Calidus Resources Limited, Annual General Meeting, Jun 23, 2023

Calidus Resources Limited, Annual General Meeting, Nov 09, 2022

Recent updates

Calidus Resources Limited(ASX:CAI) dropped from S&P/ASX Emerging Companies Index

Less than half of directors are independent

New minor risk - Share price stability

New major risk - Shareholder dilution

New major risk - Shareholder dilution

Calidus Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.

Calidus Resources Limited, Annual General Meeting, Nov 14, 2024

Forecast breakeven date pushed back to 2025

New major risk - Revenue and earnings growth

Calidus Resources Limited Announces Appointment of Richard Mcleod as Chief Operating Officer

Calidus Resources Limited, Annual General Meeting, Nov 14, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

Forecast breakeven date pushed back to 2024

New major risk - Shareholder dilution

Calidus Resources Limited, Annual General Meeting, Jun 23, 2023

Forecast breakeven date moved forward to 2023

Calidus Resources Limited Announce Strong Assays Results Which Reveal A High-Grade Zone Within the Recent Felix Discovery At the Blue Spec Project

Calidus Resources Limited Declares Commercial Production at Warrawoona Gold Project

Forecast breakeven date pushed back to 2024

Calidus Resources Limited Announces New Gold Discovery 65Km from Warrawoona Project in the Pilbara

Calidus Resources Limited Announces the Results of the Maiden Drilling Program At Pirra Lithium's Spear Hill Discovery Located in the Pilbara Region of Western Australia

Trident Royalties plc Announces Maiden Blue Spec Reserve Underpins Expansion Plan for Warrawoona

Calidus Resources Reports Significant Progress Made at the Warrawoona Gold Project

Calidus Resources Limited Announces a Maiden Reserve for Blue Spec

Calidus Resources Limited, Annual General Meeting, Nov 09, 2022

Calidus Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million.

Calidus Resources Limited Announces the Results of A Soil Sampling Program Conducted in June and July 2022

Calidus Resources Limited Announces More Strong Results Almost Doubled the Known Strike Length of the Outcropping Lithium-Bearing Pegmatites at the Spear Hill Lithium Discovery to 4.3Km

Calidus Resources Limited Announces Strong Drill Results Show Potential of Open Pit At Blue Spec

Calidus Resources Limited Announces Maiden Drill Program Commences At the Spear Hill Lithium Project

Calidus Resources Limited Announces Successful Completion of Commissioning of Process Plant

Calidus Resources Limited Announces the Resignation of Keith Coughlan as Non-Executive Director

Calidus Resources Limited Announces High-Grade Lithium Pegmatite Doubled to 2.5Km Strike

Less than half of directors are independent

Calidus Resources Limited Commences Ore Processing at Warrawoona

Calidus Resources Limited, Annual General Meeting, May 13, 2022

Calidus Resources Limited Announces That Commissioning Is Progressing Well At Its 100% Owned Warrawoona Gold Project in the Pilbara of Western Australia

Calidus Resources Limited Announces Significant Lithium Prospect Identified in East Pilbara

Calidus Resources Limited Advises Commissioning of Its 100% Owned Warrawoona Gold Project in the Pilbara of Western Australia Has Commenced

Less than half of directors are independent

Calidus Resources Limited Announces the Appointment of Kate George as Non-Executive Director

Calidus Resources Limited Announces 50% Interest in A New Pilbara Lithium Exploration Company

Forecast to breakeven in 2023

Calidus Resources Limited Report Strong Progress in the Construction of Its Warrawoona Gold Project in WA's Pilbara

Calidus on Track to Be Australia's Next Gold Producer

Forecast breakeven pushed back to 2023

Calidus Announces Commencement of Early Construction Work At Warrawoona Gold Project

New 90-day low: AU$0.42

Calidus Resources Limited Announces Drilling Extends Mineralisation 250M Below Resource

Calidus Resources Limited Enters into a Farm-In Agreement with Nimble Resources Pty Ltd

Calidus Resources Limited (ASX:CAI) acquired remaining 30% stake in Warrawoona project in Western Australia from Beatons Creek Gold Pty Ltd. and Grant's Hill Gold Pty. Ltd

New 90-day low: AU$0.42

MD & Director recently bought AU$92k worth of stock

Calidus Resources Announces to Report Robust Assay Results from Infill Drilling at the Klondyke Deposit Within its Warrawoona Gold Project in Western Australia

New 90-day low: AU$0.47

Calidus Resources Limited Appoints John Ciganek as Non-Executive Director

New 90-day low: AU$0.52

Calidus Resources Limited Announces Drilling Extends Known Mineralisation at Coronation Deposit

MD & Director recently bought AU$53k worth of stock

Rugby Mining Limited Announces Initial Drilling Results Provided by Calidus Resources Limited on the Otways Project, Australia

New 90-day high: AU$0.63

Non-Executive Independent Director recently sold AU$251k worth of stock

Calidus Resources Limited's Feasibility Paves the Way for Construction of Warrawoona

Calidus Resources Limited Announces Construction Underway at Warrawoona Gold Project

Full year earnings released - AU$0.0001 loss per share

Calidus Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million.

CEO Compensation Analysis

CEO