Base Resources Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Tim Carstens

Chief executive officer

US$898.1k

Total compensation

CEO salary percentage	48.8%
CEO tenure	16yrs
CEO ownership	1.1%
Management average tenure	11.7yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Carstens's remuneration changed compared to Base Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$51m
Sep 30 2023	n/a	n/a	-US$28m
Jun 30 2023	US$898k	US$438k	-US$5m
Mar 31 2023	n/a	n/a	US$51m
Dec 31 2022	n/a	n/a	US$106m
Sep 30 2022	n/a	n/a	US$93m
Jun 30 2022	US$972k	US$436k	US$81m
Mar 31 2022	n/a	n/a	US$59m
Dec 31 2021	n/a	n/a	US$37m
Sep 30 2021	n/a	n/a	US$24m
Jun 30 2021	US$1m	US$451k	US$11m
Mar 31 2021	n/a	n/a	US$18m
Dec 31 2020	n/a	n/a	US$24m
Sep 30 2020	n/a	n/a	US$32m
Jun 30 2020	US$869k	US$405k	US$40m
Mar 31 2020	n/a	n/a	US$35m
Dec 31 2019	n/a	n/a	US$31m
Sep 30 2019	n/a	n/a	US$35m
Jun 30 2019	US$899k	US$397k	US$39m
Mar 31 2019	n/a	n/a	US$37m
Dec 31 2018	n/a	n/a	US$35m
Sep 30 2018	n/a	n/a	US$34m
Jun 30 2018	US$983k	US$375k	US$34m
Mar 31 2018	n/a	n/a	US$32m
Dec 31 2017	n/a	n/a	US$30m
Sep 30 2017	n/a	n/a	US$23m
Jun 30 2017	US$931k	US$307k	US$16m

Compensation vs Market: Tim's total compensation ($USD898.13K) is about average for companies of similar size in the German market ($USD706.93K).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

CEO

Tim Carstens

16yrs

Tenure

US$898,130

Compensation

Mr. Timothy James Carstens, also known as Tom, BCom, ACA, serves as Managing Director of Base Resources Limited since the Company’s inception in May 2008. Mr. Carstens has a diverse and substantial skill,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Carstens	MD & Executive Director	16yrs	US$898.13k	1.11% $ 2.0m
Kevin Balloch	Chief Financial Officer	12yrs	US$519.42k	0.39% $ 704.8k
Chadwick Poletti	Chief Legal Officer & Company Secretary	9yrs	US$569.02k	0.24% $ 436.9k
Stephen Hay	General Manager of Marketing	11.3yrs	US$515.31k	0.22% $ 388.1k
James Fuller	Manager of Communications & Investor Relations	no data	no data	no data

11.7yrs

Average Tenure

Experienced Management: B4Z's management team is seasoned and experienced (11.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Carstens	MD & Executive Director	16yrs	US$898.13k	1.11% $ 2.0m
Michael Stirzaker	Independent Non-Executive Chairman	9.5yrs	US$99.99k	0.036% $ 65.3k
Diane C. Radley	Independent Non-Executive Director	6.3yrs	US$71.91k	0.043% $ 76.8k
Sheila Khama	Non-Executive Director	1.2yrs	US$19.52k	no data
Scot Sobey	Non-Executive Director	2.5yrs	US$63.74k	no data

6.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: B4Z's board of directors are considered experienced (6.3 years average tenure).

Base Resources Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Base Resources Limited Announces Retirement of Malcolm Macpherson as Non-Executive Director

Base Resources Limited, Annual General Meeting, Nov 24, 2023

Independent Non-Executive Chairman recently bought €61k worth of stock

Base Resources Limited, Annual General Meeting, Nov 25, 2022

Base Resources Limited Announces Resignation of Janine Herzig as Non-Executive Director

Recent updates

Base Resources Limited Revises Production Guidance for the Year 2024 and Provides Production Guidance for the Year 2025

Energy Fuels Inc. (TSX:EFR) entered into a binding agreement to acquire Base Resources Limited (ASX:BSE) from Pacific Road Resources fund II L.P. managed by Pacific Road Capital Management Pty Limited, Sustainable Capital Limited and others for AUD 360 million.

Base Resources Limited Omits to Pay Interim Dividend

Base Resources Limited Omits to Pay Interim Dividend

First half 2024 earnings released: US$0.001 loss per share (vs US$0.039 profit in 1H 2023)

Base Resources Limited to Report First Half, 2024 Results on Feb 26, 2024

Base Resources Limited Announces Additional Critical Mineral Product Stream Doubles Toliara Project's NPV

Less than half of directors are independent

Base Resources Limited Announces Retirement of Malcolm Macpherson as Non-Executive Director

New minor risk - Market cap size

Base Resources Limited Provides Production Guidance for the Year 2024

Base Resources Limited Announces Kwale Operations to Complete Mining at End of 2024

Base Resources Limited, Annual General Meeting, Nov 24, 2023

Upcoming dividend of AU$0.04 per share at 27% yield

Full year 2023 earnings released: US$0.004 loss per share (vs US$0.069 profit in FY 2022)

Base Resources Limited Announces Final Dividend, Payable on 28 September 2023

Base Resources Limited Provides Production Guidance for the Financial Year 2024

Base Resources Limited to Report Q4, 2023 Results on Aug 28, 2023

Base Resources Limited Announces Kwale East Exploration Drilling Update

Base Resources Limited Provides Production Guidance for the Financial Year 2024

Base Resources Limited Announces Update on Umba South Prospect

Upcoming dividend of AU$0.02 per share at 21% yield

Base Resources Limited to Report First Half, 2023 Results on Feb 27, 2023

Base Resources Limited Provides Production Guidance for the Financial Year 2023

Independent Non-Executive Chairman recently bought €61k worth of stock

Base Resources Limited Provides Production Guidance for the 2023 Financial Year

Base Resources Limited, Annual General Meeting, Nov 25, 2022

Base Resources Limited Announces Unfranked Final Dividend for the Year-Ended 30 June 2022, Payable on 22 September 2022

Base Resources Limited to Report Fiscal Year 2022 Results on Aug 22, 2022

Base Resources Limited Provides Operations Production Guidance for the 2022 and 2023

Base Resources Limited Announces Decision to Proceed with the Bumamani Project

Base Resources Limited Reports Kwale Operations Resumes Normal Operations

Base Resources Limited Advises That Mining At Kwale Operations Has Been Impacted by Recent Abnormal Rainstorms in Kwale County, Kenya

Base Resources Limited Announces Kwale Operations Impacted by Local Rainstorms

An unknown buyer acquired unknown stake in Base Resources Limited (ASX:BSE) from NGE Capital Limited (ASX:NGE).

Base Resources Limited Announces Resignation of Janine Herzig as Non-Executive Director

Base Resources Limited Provides Operations Production Guidance for the 2022

Key Executive recently bought €374k worth of stock

Upcoming dividend of AU$0.03 per share

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

Base Resources Limited Announces Interim Dividend (Unfranked) FY22

Base Resources Limited Provides Production Guidance for the Financial Year 2022

Independent Non-Executive Chairman Keith Spence has left the company

Base Resources Limited Announces Update to the Estimated Ranobe Mineral Resources and Ore Reserves at its 100% Owned Toliara Project in Madagascar

Upcoming dividend of AU$0.04 per share

Full year 2021 earnings released: EPS US$0.009 (vs US$0.034 in FY 2020)

Base Resources Limited Announces Updated Kwale South Dune Mineral Resources and Ore Reserves Estimates

Base Resources Limited Updates Production Guidance for the Fiscal Year 2021

First half 2021 earnings released: US$0.005 loss per share (vs US$0.008 profit in 1H 2020)

Base Resources Limited Provides Updated Kwale North Dune & Maiden Bumamani Mineral Resources

Base Resources Limited to Report First Half, 2021 Results on Feb 22, 2021

Base Resources Limited Board Changes

Key Executive recently sold €110k worth of stock

Base Resources Limited Announces Board Changes

Earnings released

Base Resources Limited to Report Fiscal Year 2020 Results on Aug 24, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age