Image Resources Management

Management criteria checks 2/4

Image Resources' CEO is Patrick Mutz, appointed in Jun 2016, has a tenure of 8.42 years. total yearly compensation is A$965.51K, comprised of 61.9% salary and 38.1% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth A$726.78K. The average tenure of the management team and the board of directors is 9.3 years and 8.4 years respectively.

Key information

Patrick Mutz

Chief executive officer

AU$965.5k

Total compensation

CEO salary percentage	61.9%
CEO tenure	8.4yrs
CEO ownership	0.7%
Management average tenure	9.3yrs
Board average tenure	8.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Mutz's remuneration changed compared to Image Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-AU$14m
Mar 31 2024	n/a	n/a	-AU$10m
Dec 31 2023	AU$966k	AU$598k	-AU$5m
Sep 30 2023	n/a	n/a	-AU$1m
Jun 30 2023	n/a	n/a	AU$2m
Mar 31 2023	n/a	n/a	AU$9m
Dec 31 2022	AU$789k	AU$530k	AU$15m
Sep 30 2022	n/a	n/a	AU$25m
Jun 30 2022	n/a	n/a	AU$34m
Mar 31 2022	n/a	n/a	AU$27m
Dec 31 2021	AU$731k	AU$483k	AU$19m
Sep 30 2021	n/a	n/a	AU$16m
Jun 30 2021	n/a	n/a	AU$14m
Mar 31 2021	n/a	n/a	AU$19m
Dec 31 2020	AU$622k	AU$465k	AU$25m
Sep 30 2020	n/a	n/a	AU$26m
Jun 30 2020	n/a	n/a	AU$28m
Mar 31 2020	n/a	n/a	AU$24m
Dec 31 2019	AU$653k	AU$426k	AU$21m
Sep 30 2019	n/a	n/a	AU$17m
Jun 30 2019	n/a	n/a	AU$13m
Mar 31 2019	n/a	n/a	AU$8m
Dec 31 2018	AU$451k	AU$320k	AU$3m
Sep 30 2018	n/a	n/a	-AU$2m
Jun 30 2018	n/a	n/a	-AU$7m
Mar 31 2018	n/a	n/a	-AU$7m
Dec 31 2017	AU$354k	AU$253k	-AU$8m

Compensation vs Market: Patrick's total compensation ($USD626.87K) is above average for companies of similar size in the Australian market ($USD298.27K).

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

CEO

Patrick Mutz (66 yo)

8.4yrs

Tenure

AU$965,513

Compensation

Mr. Patrick Roy Mutz, BSc/BM (Hons), MBA/GM, FAusIMM, MSME, REM(USA), MA, serves as Independent Non-Executive Director at Aura Energy Limited since May 18, 2022. He has been Managing Director of Image Reso...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Mutz	MD, CEO & Director	8.4yrs	AU$965.51k	0.72% A$ 726.8k
John McEvoy	CFO & Joint Company Secretary	10.1yrs	AU$582.40k	0.23% A$ 234.4k
Todd Colton	Chief Operating Officer	5.9yrs	AU$642.81k	0.19% A$ 196.1k
Dennis Wilkins	Joint Company Secretary	12.2yrs	no data	no data

9.3yrs

Average Tenure

63yo

Average Age

Experienced Management: IMA's management team is seasoned and experienced (9.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Mutz	MD, CEO & Director	8.4yrs	AU$965.51k	0.72% A$ 726.8k
Peter Thomas	Independent Non Executive Director	22.6yrs	AU$116.34k	0.19% A$ 189.4k
Robert Besley	Independent Non-Executive Chairman	8.4yrs	AU$173.67k	0.059% A$ 60.0k
Chong Soo	Independent Non-Executive Director	9.3yrs	AU$94.00k	no data
Ran Xu	Non-Executive Director	2.4yrs	AU$80.00k	no data
Winston Lee	Non-Executive Director	2.4yrs	AU$88.55k	13.5% A$ 13.6m

8.4yrs

Average Tenure

66yo

Average Age

Experienced Board: IMA's board of directors are considered experienced (8.4 years average tenure).

Image Resources Management

Management criteria checks 2/4

Key information

Recent management updates

MD, CEO & Director recently bought AU$202k worth of stock

Image Resources NL, Annual General Meeting, May 28, 2024

MD, CEO & Director recently bought AU$61k worth of stock

MD, CEO & Director recently bought AU$75k worth of stock

Image Resources NL Announces Retirement of Chaodian Chen as Non-Executive Director

Less than half of directors are independent

Recent updates

MD, CEO & Director recently bought AU$202k worth of stock

New minor risk - Shareholder dilution

Image Resources NL, Annual General Meeting, May 28, 2024

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.014 profit in FY 2022)

New minor risk - Financial data availability

Now 27% overvalued after recent price rise

MD, CEO & Director recently bought AU$61k worth of stock

Now 21% overvalued after recent price rise

MD, CEO & Director recently bought AU$75k worth of stock

First half 2023 earnings released: EPS: AU$0.004 (vs AU$0.017 in 1H 2022)

Image Resources NL Announces Retirement of Chaodian Chen as Non-Executive Director

Full year 2022 earnings released: EPS: AU$0.014 (vs AU$0.019 in FY 2021)

Image Resources NL Receives Additional Encouraging, Thick, Gold Mineralisation Drill Intersections That Expands the Mineralisation to the North At King Prospect Located 135Km SE of Kalgoorlie in Western Australia

Image Resources NL Provides an Updated Ore Reserve Estimate At Its 100%-Owned, Atlas Mineral Sands Project (Atlas Project) Located in the Infrastructure-Rich North Perth Basin in Western Australia

Image Resources NL Advises Bidaminna Project Feasibility Study Update

Image Resources NL Provides an Updated Ore Reserve Estimate At Its 100%-Owned, Atlas Mineral Sands Project

Image Resources NL Updates Atlas Deposit

Less than half of directors are independent

First half 2022 earnings released: EPS: AU$0.017 (vs AU$0.003 in 1H 2021)

Image Resources NL Announces Mineral Resource Update West Mine North

Less than half of directors are independent

Image Resources Nl Elects Directors

Image Resources NL Announces Board Changes

Image Resources NL Announces Mineral Resources Update McCalls Mineral Sands Project

Image Resources NL, Annual General Meeting, May 30, 2022

Image Resources NL, Annual General Meeting, Mar 24, 2022

Image Resources NL, Annual General Meeting, Mar 24, 2022

Image Resources NL Announces Fully Franked Dividend for Calendar Year 2021

Image Resources NL Announces Fully Franked Dividend for Year 2021

Murray Zircon Requisitions a Meeting to Replace Directors at Image Resources

Image Resources NL (ASX:IMA) completed the acquisition of Eneabba Tenements from Sheffield Resources Limited (ASX:SFX).

Image Resources NL (ASX:IMA) entered into binding agreement to acquire Eneabba Tenements from Sheffield Resources Limited (ASX:SFX) for AUD 23 million.

Independent Non-Executive Director recently bought AU$777k worth of stock

Independent Non-Executive Director recently bought AU$476k worth of stock

First half 2021 earnings released: EPS AU$0.003 (vs AU$0.015 in 1H 2020)

Non-Executive Director has left the company

Image Resources NL Announces an Inaugural Unfranked Dividend, Payable on 29 April 2021

Full year 2020 earnings released: EPS AU$0.025 (vs AU$0.021 in FY 2019)

Image Resources NL Enters into Farm-In Agreement with the Owners of the King Gold Prospect

Image Resources NL Provides Exploration Update on Boonanarring Mineral Sands Project

New 90-day high: AU$0.21

First half earnings released

New 90-day high - AU$0.21

New 90-day high - AU$0.20

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age