Novo Resources Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Mike Spreadborough

Chief executive officer

CA$561.3k

Total compensation

CEO salary percentage	80.0%
CEO tenure	2.6yrs
CEO ownership	0.2%
Management average tenure	no data
Board average tenure	2.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Spreadborough's remuneration changed compared to Novo Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-CA$45m
Jun 30 2024	n/a	n/a	-CA$45m
Mar 31 2024	n/a	n/a	-CA$46m
Dec 31 2023	CA$561k	CA$449k	-CA$49m
Sep 30 2023	n/a	n/a	CA$53m
Jun 30 2023	n/a	n/a	-CA$631k
Mar 31 2023	n/a	n/a	-CA$11m
Dec 31 2022	CA$552k	CA$453k	-CA$16m
Sep 30 2022	n/a	n/a	-CA$153m
Jun 30 2022	n/a	n/a	-CA$17m
Mar 31 2022	n/a	n/a	-CA$15m
Dec 31 2021	CA$3m	CA$236k	-CA$704k

Compensation vs Market: Mike's total compensation ($USD401.47K) is above average for companies of similar size in the Canadian market ($USD167.77K).

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

CEO

Mike Spreadborough

2.6yrs

Tenure

CA$561,307

Compensation

Mr. Michael John Spreadborough, also known as Mike, B.Eng. (Mining) (Hons), MBA, served as Non-Executive Director of Evolution Energy Minerals Limited since September 12, 2023 until August 15, 2024 and ser...

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Spreadborough	Executive Co-Chairman & Acting CEO	3.8yrs	CA$561.31k	0.20% CA$ 56.3k
Gregory Patrick Jones	Independent Non-Executive Director	1.2yrs	CA$48.48k	no data
Quinton Hennigh	Non-Executive Co-Chairman	15.1yrs	CA$137.22k	1.03% CA$ 291.9k
Karen O'Neill	Independent Non-Executive Director	less than a year	no data	no data

2.5yrs

Average Tenure

Experienced Board: NVO's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

Novo Resources Management

Management criteria checks 0/4

Key information

Recent management updates

Novo Resources Corp. Announces Board Resignations

Novo Resources Corp., Annual General Meeting, Jun 25, 2024

Novo Resources Corp. Announces Board Changes

Novo Resources Corp. Announces Executive Changes

Novo Resources Corp. Announces Management Changes

Novo Resources Corp., Annual General Meeting, Oct 26, 2023

Recent updates

Austroid Australia Pty Ltd acquired Gold and Silver rights in the Quartz Hill Joint Venture from Novo Resources Corp. (OTCPK:NSRP.F) for AUD 0.85 million.

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

Novo Resources Corp. Announces Evaluation of Pilbara Antimony-Gold Potential Generates Positive Results

Novo Resources Corp. Provides Exploration Update on Programs At the Egina Gold Camp and Balla Balla Gold Project

Novo Resources Corp. Announces Significant Results from Historical Drill Hole Infill Assay Program At Belltopper

Novo Resources Corp. to Expand into the East Pilbara

Novo Resources Corp. Provides an Update on Follow-Up Drill Programs At the Becher Project Which Is Part of the Egina Earn-In and Joint Venture with De Grey Mining Limited

Novo Resources Corp. Announces Board Resignations

Novo Resources Corp. Announces Significant Results from Diamond Drilling at Belltopper, Victoria

Novo Resources Corp Provides Lithium Exploration Update 2024 Quartz Hill Joint Venture

Novo Resources Corp. Announces Follow-Up Drilling to Commence at Nunyerry North and New Targets Defined Near Karratha

Novo Resources Corp., Annual General Meeting, Jun 25, 2024

New minor risk - Share price stability

Novo Corp. Announces Upgraded Nunyerry North Drill Results Deliver High-Grade Intercepts Up to 6.12 g/t Au

Novo Resources Corp. Announces Board Changes

New major risk - Financial position

Novo Resources Corp. Provides an Update on Drilling Results At the Becher Project

Novo Resources Corp. announced that it has received AUD 1.8 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. Provides Exploration Status Update

Novo Resources Corp. announced that it expects to receive AUD 1.8 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. Announces Diamond Drilling to Commence on High-Priority Targets At Belltopper, Victoria

Third quarter 2023 earnings released: CA$0.035 loss per share (vs CA$0.24 loss in 3Q 2022)

Novo Resources Corp. Provides Exploration Update

Novo Resources Corp. Announces Promising Results from the First Six Holes of the company's Maiden RC Drill Program At Nunyerry North, Located in the Southern Egina Gold Camp in the Pilbara, Western Australia

Novo Resources Corp. Announces Executive Changes

Novo Resources Corp. Commences Its Maiden Drill Program At Nunyerry North Located in the Egina Gold Camp in the Pilbara, Western Australia

Novo Resources Corp. Announces Management Changes

Novo Resources Corp., Annual General Meeting, Oct 26, 2023

New major risk - Financial position

First half 2023 earnings released: CA$0.10 loss per share (vs CA$0.13 loss in 1H 2022)

New minor risk - Share price stability

Novo Resources Corp. Provides Exploration Update Across Key Pilbara Prospects and Belltopper Gold Project in Victoria

Novo Resources Corp. announced that it has received CAD 8.982036 million in funding from De Grey Mining Limited

Novo Resources Corp. announced that it expects to receive CAD 8.982036 million in funding from De Grey Mining Limited

Novo Mining Limited Announces Becher Drilling Continues to Intercept Significant Gold Mineralization

Novo Resources Corp. Reports Continued Outstanding Results from the 2023 AC Drilling Program At Becher

First quarter 2023 earnings released: CA$0.062 loss per share (vs CA$0.053 loss in 1Q 2022)

Full year 2022 earnings released: CA$0.42 loss per share (vs CA$0.003 loss in FY 2021)

Novo Resources Corp. Provides an Update on 2022 Drilling Program at its Egina Gold Camp

Novo Resources Corp. Provides an Update on 2022 Drilling Program at its Egina Gold Camp

Novo Resources Corp. Provides an Exploration Update on the MCB

Novo Resources Corp. Announces Beatons Creek Fresh Approvals Update

Novo Resources Corp. announced that it has received CAD 5 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. announced that it expects to receive CAD 5 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. announced that it expects to receive CAD 5 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. Provides an Exploration Update on the Drilling Program in the Karrath District

Novo Resources Corp. Announces Becher Area Mineralisation Expands with More Standout Results

Novo Resources Corp. Announces Significant Results from Malmsbury Victorian Projects Exploration Update

Third quarter 2022 earnings released: CA$0.24 loss per share (vs CA$0.31 profit in 3Q 2021)

Third quarter 2022 earnings released: CA$0.24 loss per share (vs CA$0.33 profit in 3Q 2021)

Novo Resources Corp. Reports Impairment of Non-Current Assets for the Third Quarter Ended September 30, 2022

Novo Resources Corp. Updates Mineral Resource Estimate for the Beatons Creek Gold Project Located in the Nullagine Region of Western Australia

Novo Resources Corp. Provides Exploration Update on the Drilling Program in the Becher Area of the Egina District, Western Australia

Novo Resources Corp. Provides an Exploration Update on Projects Based in Western Australia and Victoria

Novo Resources Corp. Provides Production Guidance for the Third Quarter of 2022

Second quarter 2022 earnings released: CA$0.076 loss per share (vs CA$0.07 loss in 2Q 2021)

Novo Resources Corp. Provides Drilling Commences on Purdy’S North Gold and Nickel-Copper Targets

Novo Resources Corp. Provides an Update on Its Mechanical Sorting Program

Novo Resources Corp. Reports Additional Assay Results Received from the Current Diamond Drilling Program on Rl006587 At the Malmsbury Project, Approximately 50 Km Ssw of the High-Grade Fosterville Mine in Victoria, Australia

Novo Resources Corp. Production Guidance for the Third and Fourth Quarter of 2022

Novo Resources Corp. Provides Nullagine Gold Project Update

Novo Resources Corp. Provides Nullagine Gold Project Update

Executive Co-Chairman & Acting CEO recently bought CA$74k worth of stock

Novo Resources Corp. Reiterates Production Guidance for the First Half of 2022

Novo Resources Corp. Reports Significant Assay Results Received from the Current Diamond Drilling Program on Rl006587 At the Malmsbury Project

Price target decreased to CA$1.15

Novo Resources Corp. Announces Executive Changes

Novo Resources Corp. Revises Production Guidance for the First Half of 2022

Novo Resources Corp., Annual General Meeting, Jun 28, 2022