Kaiser Reef Management

Management criteria checks 1/4

Kaiser Reef's CEO is Jonathan Downes, appointed in Dec 2021, has a tenure of 2.92 years. total yearly compensation is A$600.01K, comprised of 51% salary and 49% bonuses, including company stock and options. directly owns 1.6% of the company’s shares, worth A$641.70K. The average tenure of the management team and the board of directors is 3.3 years and 2.3 years respectively.

Key information

Jonathan Downes

Chief executive officer

AU$600.0k

Total compensation

CEO salary percentage	51.0%
CEO tenure	2.9yrs
CEO ownership	1.6%
Management average tenure	3.3yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jonathan Downes's remuneration changed compared to Kaiser Reef's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$600k	AU$306k	-AU$6m
Mar 31 2024	n/a	n/a	-AU$4m
Dec 31 2023	n/a	n/a	-AU$3m
Sep 30 2023	n/a	n/a	-AU$898k
Jun 30 2023	AU$331k	AU$280k	AU$1m
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$177k
Jun 30 2022	AU$306k	AU$255k	-AU$2m
Dec 31 2021	n/a	n/a	-AU$17m
Sep 30 2021	n/a	n/a	-AU$15m
Jun 30 2021	AU$222k	AU$185k	-AU$14m
Dec 31 2020	n/a	n/a	-AU$242k
Jun 30 2020	AU$66k	AU$51k	-AU$383k

Compensation vs Market: Jonathan's total compensation ($USD390.15K) is above average for companies of similar size in the Australian market ($USD298.55K).

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

CEO

Jonathan Downes (55 yo)

2.9yrs

Tenure

AU$600,011

Compensation

Mr. Jonathan Charles Downes, B.Sc. (Geol), MAIG, serves as Non-Executive Director at Brightstar Resources Limited since 2023. He has been Independent Non-Executive Director of Cazaly Resources Limited sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan Downes	MD & Executive Director	2.9yrs	AU$600.01k	1.6% A$ 641.7k
Andy Tran	Chief Financial Officer	3.7yrs	AU$329.08k	0.37% A$ 149.6k
Stewart Howe	Executive Director	3.8yrs	AU$331.42k	0.12% A$ 50.0k
Bradley Valiukas	Executive Director	less than a year	AU$285.93k	no data
Stephen Brockhurst	Joint Company Secretary	3.3yrs	no data	no data
Aida Tabakovic	Joint Company Secretary	3.3yrs	no data	no data

3.3yrs

Average Tenure

Experienced Management: KAU's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan Downes	MD & Executive Director	5.2yrs	AU$600.01k	1.6% A$ 641.7k
Stewart Howe	Executive Director	3.8yrs	AU$331.42k	0.12% A$ 50.0k
Bradley Valiukas	Executive Director	less than a year	AU$285.93k	no data
Steven Formica	Non-Executive Chairman	less than a year	AU$140.17k	2.11% A$ 849.0k

2.3yrs

Average Tenure

Experienced Board: KAU's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Kaiser Reef Management

Management criteria checks 1/4

Key information

Recent management updates

Kaiser Reef Limited, Annual General Meeting, Nov 29, 2024

Kaiser Reef Limited, Annual General Meeting, Nov 23, 2023

No independent directors

Kaiser Reef Limited, Annual General Meeting, Nov 14, 2022

Insider recently bought AU$72k worth of stock

Insider recently bought AU$189k worth of stock

Recent updates

New major risk - Shareholder dilution

Kaiser Reef Limited has filed a Follow-on Equity Offering in the amount of AUD 8.05 million.

Kaiser Reef Limited, Annual General Meeting, Nov 29, 2024

Full year 2024 earnings released: AU$0.034 loss per share (vs AU$0.008 profit in FY 2023)

New minor risk - Financial data availability

Kaiser Reef Limited has filed a Follow-on Equity Offering in the amount of AUD 5.01 million.

First half 2024 earnings released: AU$0.018 loss per share (vs AU$0.011 profit in 1H 2023)

New major risk - Financial position

Kaiser Reef Limited has completed a Follow-on Equity Offering in the amount of AUD 3.475 million.

Kaiser Reef Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.

Kaiser Reef Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.

Kaiser Reef Limited, Annual General Meeting, Nov 23, 2023

Full year 2023 earnings released: EPS: AU$0.008 (vs AU$0.017 loss in FY 2022)

New minor risk - Financial data availability

New minor risk - Financial data availability

First half 2023 earnings released: EPS: AU$0.011 (vs AU$0.021 loss in 1H 2022)

Kaiser Reef Limited Announces Grant of Key Exploration Licence At the Maldon Gold Project

Kaiser Reef Limited Reports A Production Milestone and Ongoing Progress At the A1 Mine and At the Maldon Processing Plant

Kaiser Reef Limited Reports Drilling Results from the A1 Mine

No independent directors

Kaiser Reef Limited Announces Further High-Grade Gold Drilling Results

Full year 2022 earnings released: AU$0.017 loss per share (vs AU$0.24 loss in FY 2021)

Kaiser Reef Limited, Annual General Meeting, Nov 14, 2022

Kaiser Reef Limited Commences Engineering At Union Hill Targeting Second Gold Mine

Kaiser Reef Limited Commences Engineering At Union Hill Targeting Second Gold Mine

Insider recently bought AU$72k worth of stock

Kaiser Reef Limited Reports Further Encouraging Drilling Results from the Ongoing A1 Mine Diamond Drilling Programme

Kaiser Reef Limited Reports Encouraging Drilling Results from the Ongoing A1 Mine Diamond Drilling Programme and Updates from the Maldon Development Project

Insider recently bought AU$189k worth of stock

Kaiser Reef Limited Announces Drilling Results from the Ongoing A1 Mine Diamond Drilling Programme

Kaiser Reef Enters Preliminary Talks to Divest Some NSW Stuart Town Group of Tenements

No independent directors

Kaiser Reef Limited Completes Underground Stope Surveying

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

Kaiser Reef Limited Announces Further Significant Milestone Since the Announcement of Reaching Operationally Profitable Production in the Last Quarter

Kaiser Reef Limited Announces Further Exploration Results for the High-Grade Maldon Historic Gold Mine Located Between Bendigo and Ballarat

Kaiser Reef Limited Provides an Update on Exploration and Mining Activity at the High-Grade, A1 Gold Mine in Regional Victoria

Kaiser Reef Limited Announces Further Encouraging Results from the Ongoing Diamond Drilling Program at the High-Grade A1 Gold Mine in Victoria

Company Secretary & Independent Non-Executive Director David Palumbo has left the company

Kaiser Reef Limited Decline Milestone Exposes New Mining Zones as Drilling Continues to Deliver Success

Kaiser Reef Limited Announces More Broad High Grade Results from the Queens Lode Drilling and Maldon Team Begins Preparation for Drilling

Kaiser Reef Limited (ASX:KAU) acquired Victorian Goldfields for AUD 19.2 million.

Kaiser Reef Limited Announces Further Drilling Results from the Ongoing Drilling Programme At Its A1 Mine

Kaiser Reef Limited Announces Appointment of Andy Tran as Chief Financial Officer

Kaiser Reef Limited Announces Executive Appointments

Kaiser Reef Limited Announces the First Drilling Results from the Ongoing Drilling Programme At Its A1 Mine

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure