Spartan Resources Management

Management criteria checks 1/4

Spartan Resources' CEO is Simon Lawson, appointed in Nov 2021, has a tenure of 2.42 years. total yearly compensation is A$929.07K, comprised of 40.4% salary and 59.6% bonuses, including company stock and options. directly owns 1.57% of the company’s shares, worth €6.05M. The average tenure of the management team and the board of directors is 1.5 years and 2.4 years respectively.

Key information

Simon Lawson

Chief executive officer

AU$929.1k

Total compensation

CEO salary percentage	40.4%
CEO tenure	2.4yrs
CEO ownership	1.6%
Management average tenure	1.5yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Simon Lawson's remuneration changed compared to Spartan Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$25m
Sep 30 2023	n/a	n/a	-AU$30m
Jun 30 2023	AU$929k	AU$375k	-AU$35m
Mar 31 2023	n/a	n/a	-AU$61m
Dec 31 2022	n/a	n/a	-AU$86m
Sep 30 2022	n/a	n/a	-AU$84m
Jun 30 2022	AU$827k	AU$241k	-AU$81m

Compensation vs Market: Simon's total compensation ($USD609.83K) is below average for companies of similar size in the German market ($USD1.02M).

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

CEO

Simon Lawson (47 yo)

2.4yrs

Tenure

AU$929,072

Compensation

Mr. Simon Irwin Lawson, M.Sc. serves as Managing Director, Chief Executive Officer & Executive Director at Spartan Resources Limited (formerly known as Gascoyne Resources Limited) since November 13, 2021 a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Simon Lawson	MD, CEO & Executive Director	2.4yrs	AU$929.07k	1.57% A$ 6.0m
Tejal Magan	Chief Financial Officer	2.4yrs	AU$544.43k	0.00088% A$ 3.4k
C O'Brien	General Manager of Projects & Technical Services	1.7yrs	AU$697.02k	no data
Nicholas Jolly	General Manager of Exploration & Development	no data	AU$509.12k	0.075% A$ 286.9k
Graham Gadsby	GM of Murchison Operations & Chief Geologist	1.3yrs	AU$347.28k	no data
Craig Jones	Chief Operating Officer	no data	no data	no data
Russell Hardwick	Company Secretary	less than a year	no data	no data

1.5yrs

Average Tenure

Experienced Management: 6G40's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Simon Lawson	MD, CEO & Executive Director	2.4yrs	AU$929.07k	1.57% A$ 6.0m
Hansjorg Plaggemars	Non-Executive Director	2.8yrs	AU$115.83k	0.026% A$ 99.6k
Robert Johnston	Independent Non-Executive Chairman	3.7yrs	AU$152.86k	0.041% A$ 159.4k
David Allan Coyne	Non-Executive Director	2.4yrs	AU$1.38m	0.012% A$ 45.9k
Deanna Carpenter	Independent Non-Executive Director	less than a year	no data	no data

2.4yrs

Average Tenure

53yo

Average Age

Experienced Board: 6G40's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Spartan Resources Management

Management criteria checks 1/4

Key information

Recent management updates

Spartan Resources Limited Announces Board Changes

Less than half of directors are independent

Less than half of directors are independent

Gascoyne Resources Limited Announces Company Secretary Changes

Gascoyne Resources Limited Announces the Appointment of Mr. John Hodder as a Non-Executive Director to the Board

Less than half of directors are independent

Recent updates

Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 80.277388 million.

Spartan Resources Limited Announces Board Changes

First half 2024 earnings released: AU$0.029 loss per share (vs AU$0.085 loss in 1H 2023)

New major risk - Financial position

Less than half of directors are independent

Less than half of directors are independent

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

New minor risk - Financial position

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

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

Full year 2023 earnings released: AU$0.065 loss per share (vs AU$0.24 loss in FY 2022)

Forecast to breakeven in 2025

Gascoyne Resources Limited Announces Company Secretary Changes

Gascoyne Resources Limited Announces the Appointment of Mr. John Hodder as a Non-Executive Director to the Board

First half 2023 earnings released: AU$0.085 loss per share (vs AU$0.11 loss in 1H 2022)

Less than half of directors are independent

Gascoyne Resources Limited Announces Calculate an Exploration Target for the Never Never Gold Deposit

Gascoyne Resources Limited Receives Exceptional New Assay Results Confirming the Scale and Significance of the High-Grade Never Never Gold Deposit

Now 22% undervalued after recent price drop

Gascoyne Resources Limited Announces Mining of New, Higher-Grade Ore Sources to Commence in November

Gascoyne Resources Limited Receives Assay Results from Dalgaranga Gold Project in Western Australia

E79 Gold Mines Limited (ASX:E79) acquired gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY).

Gascoyne Resources Limited Announces Further Spectacular Assays from Near-Mine Resource Drilling at its Never Never Gold Deposit

Gascoyne Resources Limited Auditor Raises 'Going Concern' Doubt

Full year 2022 earnings released: AU$0.24 loss per share (vs AU$0.23 loss in FY 2021)

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

Less than half of directors are independent

Gascoyne Resources Limited Updates 2022 Ore Reserve Statement

Gascoyne Resources Limited Intercepts Highlight Potential to Double Never Never Extent

Gascoyne Resources Limited Presents Its 2022 Mineral Resource Statement

Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth

Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth

Gascoyne Resources Limited Provides Production Update

Gascoyne Resources Limited, Annual General Meeting, Nov 03, 2022

Gascoyne Resources Limited Announces Discovery of High-Grade Gold at Dalgaranga

Gascoyne Resources Limited Reports Further Significant Drill Intercepts from Ongoing Resource Drilling Programs At the Gilbey's East Prospect

Gascoyne Resources Limited Announces Gilbey's North High-Grade Zone Extended

Gascoyne Resources Limited Announces Exceptional New Intercept At Gilbey's North Discovery

Gascoyne Resources Limited Announces Exceptional New Intercept at Gilbey's North Discovery

Gascoyne Resources Limited Announces Multiple High-Grade Zones Intersected in Gilbey's Footwall Area At Dalgaranga Gold Project in Western Australia

Capricorn Metals Ltd (ASX:CMM) signed a binding agreement to acquire Mumbakine Well Project from Gascoyne Resources Limited (ASX:GCY) for Approximately AUD 5 million.

Less than half of directors are independent

Gascoyne Resources Limited Appoints Rowan Johnston as Non-Executive Chair

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

Gascoyne Resources Limited Reports New Highly Encouraging Drill Results from Near-Mine Exploration at the 100%-Owned Dalgaranga Gold Project in Western Australia

Gascoyne Resources Limited to Report Further Highly Encouraging Drilling Results

No independent directors

Gascoyne Resources Limited Announces Near-Mine Exploration Delivers Breakthrough with Discovery Immediately North of Gilbey's Pit

Gascoyne Resources Limited Announces Executive Changes

Gascoyne Resources Limited Accelerates Strategy to Unlock New Higher-Grade Near-Mine Ore Sources At Dalgaranga

Gascoyne Resources Limited Reports Updated Mineral Resource for the Yalgoo Gold Project

Less than half of directors are independent

Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) for AUD 105 million.

Full year 2021 earnings released

Gascoyne Resources Limited (ASX:GCY) have entered into a binding Scheme Implementation Deed to acquire Firefly Resources Limited (ASX:FFR) for AUD 38.7 million

Gascoyne Resources Limited Provides Update on Exploration Activities At Exploration Projects in Western Australia

Gascoyne Resources Limited Provides Production Guidance for the Financial Year Ending 30 June 2021 and Fiscal Year 2022

Gascoyne Resources Limited Announces to Provide an Update on the Company's Current Mineral Resources and Ore Reserves

New 90-day high: €0.31

First half 2021 earnings released: EPS AU$0.20 (vs AU$0.35 loss in 1H 2020)

Gascoyne Resources Limited Provides an Update on Exploration Activities At the Dalgaranga Gold Project

Gascoyne Resources Limited to Provide Update on Accelerated Exploration Activities at Advanced Exploration and New Discovery Projects in Western Australia

Gascoyne Resources Limited Provides an Update on Resource Extension Activities at the Dalgaranga Gold Project in Western Australia

Gascoyne Resources Limited to Report Q2, 2021 Results on Jan 21, 2021

Gascoyne Resources Limited Provides an Updated Mineral Resource Estimate for the Glenburgh Gold Project ("Glenburgh") in Western Australia

Gascoyne Resources Limited Provides an Update on Activities at the Dalgaranga Gold Project

CEO Compensation Analysis